India Medical Oxygen Market 2017-2027: Regional Analysis and Forecast | TechSci Research
Increasing prevalence of chronic diseases is driving the growth of India Medical Oxygen Market, FY2017-FY2027.
According to TechSci report on, “India Medical
Oxygen Market By
Product Type (Oxygen Cylinder v/s Oxygen Cans) By Modality (Stationary v/s
Mobile) By Application (COPD, Lung Disorders, Cardiac Disorders, COVID-19,
Others) By End User (Hospitals & Clinics, Home Care, Others) By Region,
Competition Forecast & Opportunities, FY2027”, India medical oxygen market has shown
promising growth in historical years until FY2020 and is expected to continue
its growth in upcoming forecast years FY2023 to FY2027. India medical oxygen
market owes its growth to the factors like growing need for medical oxygen for
the treatment of the patients suffering from the chronic diseases, respiratory
diseases, cardiovascular diseases etc. Also, rising pollution in the country is
causing population to develop and suffer from various breathing disorders. The
poor quality of the air is causing all sorts of lung problem in the country’s
population. Moreover, application of oxygen in the healthcare industry,
increase demand for portable oxygen for homecare, and the increasing instances
of COVID-19 is driving the growth of the India medical oxygen market, in the
upcoming five years.
Medical oxygen is the compressed form of liquid oxygen that is concentrated by compressing, filtering, and purification processes. The liquid oxygen maintained at -182 and is transported and stored in cans and cylinders. Oxygen gas manufacturers are adopting advanced manufacturing technologies to increase production and meet delivery challenges. Customized multi-train air separation projects can present several design and delivery challenges, particularly in remote locations. Also, the manufacturers are incorporating internet of things (IoT) technologies to connect equipment and smart devices to garner real time insights of the patients’ condition.
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Medical Oxygen Market.”
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India medical oxygen market segmentations is
based on product
type, modality, application, end user, competitional landscape, and
regional distribution. Based on modality, the market is further bifurcated into
stationary and mobile system. Stationary systems are expected to hold the
largest share of the market owing to the increasing number of the patients in
the hospitals and surge in the demand of the excellent healthcare facility.
Although mobile models are expected to hold the fastest growth due to the
rapidly rising cases of COVID-19 patients in the country.
Based on application, the market is further
sub-segmented into COPD, Lung Disorders, Cardiac Disorders, COVID-19, Others.
COVID-19 cases are multiplying at a rampant rate and the number of patients are
doubling in the current year, FY2022 and thereby supporting the exponential
growth of the India medical oxygen market.
Some of the top players in the India
Medical Oxygen Market are, Philips India Limited, Wipro GE Healthcare Pvt.
Ltd., Siemens Healthineers India, Canon India Pvt. Ltd., Shimadzu Medical
(India) Pvt. Ltd., Trivitron Healthcare Pvt. Ltd., India Medtronic Pvt Ltd,
Hitachi India Pvt. Ltd., Sanrad Medical Systems Private Limited, Accuray
Medical Equipment India Pvt. Ltd, among others. The companies are involving
themselves into research and development for more advanced medical devices. Medical
oxygen are in demand owing to the sudden surge in the need of the healthcare
industry. New players entering the market may form partnerships with other
players or the end users of the industry for a consistent inflow of the product.
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“Medical Oxygen are one of the most
important treatment procedures that are widely used across for treating various
chronic diseases like cardiovascular diseases, respiratory diseases, pulmonary
disorders, etc. that are prevalent in the country. Market players are
constantly researching and developing the technologically advanced methods to
provide more efficient, ways of storing, and supplying the medical oxygen that
gives efficient methods of oxygen support to the patients that are struggling
of the target and chronic diseases. Government support toward the research and
development is also one of the major drivers of the market. New players can
focus on the investments and on the market launches of the technologically
advanced products,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“India Medical Oxygen Market By Product
Type (Oxygen Cylinder v/s Oxygen Cans) By Modality (Stationary v/s Mobile) By
Application (COPD, Lung Disorders, Cardiac Disorders, COVID-19, Others) By End
User (Hospitals & Clinics, Home Care, Others) By Region, Competition
Forecast & Opportunities, FY2027” has evaluated the future growth
potential of India Medical Oxygen market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in India Medical Oxygen market.
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