(MENAFN- PR Newswire) NEW YORK, Aug. 1, 2023 /PRNewswire/ -- The
medical gas cylinder market
is estimated to grow by USD
2,846.98 million from 2022 to 2027. The market will be
growing at a CAGR of 10.62% during the forecast period. North America
accounts
to
contribute
33%
of the growth of the global market during
the forecast period. The market's growth in the region can be
attributed to the increasing use of medical gases and equipment in the management of respiratory diseases such as COPD and asthma. The increasing
incidence
of COPD, asthma, and other medical conditions is expected to fuel
the demand for medical gas cylinders in the US. Hence, such
factors are expected to fuel the growth of the market in the region during the forecast period.
For Comprehensive details on the market size of the historic period (2017 to 2021) and forecast period (2023-2027) - view sample report

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Technavio has announced its latest market research report titled Global Medical Gas Cylinder Market 2023-2027

Medical gas cylinder market -
Vendor Landscape
The medical gas cylinder market is fragmented;
the vendors are competing with competitors and are trying to get a greater market share. The market is growing, and the chances of new entrants cannot be overlooked. The major vendors have well-established economies of scale and market presence and generally rely on positioning technological advances, and the price of the products - The report provides a full list of key vendors, their strategies, and the latest developments. buy now

Medical gas cylinder market - Market Dynamics

Major Drivers & Challenges-

The growing demand for medical gases for therapeutic and diagnostic applications drives the growth of the medical gas cylinder market.
Medical gases are used to treat
various diseases as well as
for respiratory and anesthesia applications to study the functioning of the cardiovascular system and the lungs. Medicinal oxygen and medical helium and oxygen mixtures are used for critically ill patients in ICUs. Therefore,
the growing demand for medical gases for therapeutic and diagnostic applications will drive the growth of the global medical gas cylinder market during the forecast period.

Stringent regulations challenge the growth of the medical gas cylinder market.
Medical gas cylinders provide oxygen and heliox therapy
as well as life support in ICUs and for emergencies and thus,
stringent regulations are enforced related to the design and manufacturing of these cylinders. In Europe,
medical gas cylinders must meet the requirements of the Medical Device Directive (MDD), Directive 2007/47/EC of the European Parliament, and Council Directive 93/42/EEC for Medical Devices of the European Council. Thus,
stringent regulations related to the design and manufacturing of medical gas cylinders may affect the growth of the global medical gas cylinder market during the forecast period.

Key Trends -

The rise in the number of hospitals and surgical centers
is an emerging medical gas cylinder market trend.
The number of hospitals and surgical centers is increasing across the world, which leads to
the demand for medical gas cylinders to be high. Furthermore, the
healthcare infrastructure of developing countries such as India and China has improved significantly
over the previous decade. Hence, such trends fuel the growth of the medical gas cylinder market during the forecast period.

Technavio has identified key trends, drivers, and challenges in the market, which will help clients improve their strategies to stay ahead of their competitors. - view sample report

Company Profiles

The medical gas cylinder market report includes information on the product launches, sustainability, and prospects of leading vendors including Advanced Material Systems Co., Air Liquide SA, Air Products and Chemicals Inc., Atlas Copco AB, B.N.O.S. Meditech Ltd., CIMC ENRIC Holdings Ltd., DCC Plc, Everest Kanto Cylinder Ltd., Faber Industrie SPA, HERSILL SL, Invacare
Corp., Koninklijke Philips NV, Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd., Linde Plc, Luxfer Holdings Plc, Messer SE and Co. KGaA, Mitsubishi Chemical Group Corp., Rama Cylinders Pvt. Ltd., Sinoma Science and Technology Co. Ltd., and Worthington Industries Inc.

Competitive Analysis

The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share, among others.

Medical gas cylinder market -
Market Segmentation

This
medical gas cylinder market report extensively covers
market segmentation by end-user (HHH, PBI, and RI), product (fixed and portable), and geography (North America, Europe, Asia, and Rest of World (ROW)).

• The
  HHH
  segment will be significant for market growth during the forecast period. Several
  gas cylinders are used
  in hospitals and home healthcare and medical gas is used extensively in ICUs, PICUs, and NICUs. Furthermore, improvements in the infrastructure of hospitals and clinics and the rise
  in affordability of patients in developed countries such as the US and the UK are expected to drive
  the growth of this segment
  during the forecast period. Hence, such factors drive the segment growth in the market during the forecast period.

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Medical Gas Cylinder Market Scope
Report Coverage	Details
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 10.62%
Market growth 2023-2027	USD 2,846.98 million
Market structure	Fragmented
YoY growth 2022-2023 (%)	9.78
Regional analysis	North America, Europe, Asia, and Rest of World (ROW)
Performing market contribution	North America at 33%
Key countries	US, Germany, UK, China, and Japan
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Advanced Material Systems Co., Air Liquide SA, Air Products and Chemicals Inc., Atlas Copco AB, B.N.O.S. Meditech Ltd., CIMC ENRIC Holdings Ltd., DCC Plc, Everest Kanto Cylinder Ltd., Faber Industrie SPA, HERSILL SL, Invacare Corp., Koninklijke Philips NV, Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd., Linde Plc, Luxfer Holdings Plc, Messer SE and Co. KGaA, Mitsubishi Chemical Group Corp., Rama Cylinders Pvt. Ltd., Sinoma Science and Technology Co. Ltd., and Worthington Industries Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

• 1.1 Market overview
  • Exhibit 01: Executive Summary – Chart on Market Overview
  • Exhibit 02: Executive Summary – Data Table on Market Overview
  • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
  • Exhibit 04: Executive Summary – Chart on Market by Geography
  • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
  • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
  • Exhibit 07: Executive Summary – Chart on Incremental Growth
  • Exhibit 08: Executive Summary – Data Table on Incremental Growth
  • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
  • Exhibit 10: Parent market
  • Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
  • Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
  • Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027
  • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
  • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
  • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
  • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global medical gas cylinder market 2017 - 2021
  • Exhibit 18: Historic Market Size – Data Table on global medical gas cylinder market 2017 - 2021 ($ million)

• 4.2 End-user Segment Analysis 2017 - 2021
  • Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.3 Product Segment Analysis 2017 - 2021
  • Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
  • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
  • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
  • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers
  • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers
  • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants
  • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes
  • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
  • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
  • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments
  • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
  • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user
  • Exhibit 32: Chart on Comparison by End-user
  • Exhibit 33: Data Table on Comparison by End-user

• 6.3 HHH - Market size and forecast 2022-2027
  • Exhibit 34: Chart on HHH - Market size and forecast 2022-2027 ($ million)
  • Exhibit 35: Data Table on HHH - Market size and forecast 2022-2027 ($ million)
  • Exhibit 36: Chart on HHH - Year-over-year growth 2022-2027 (%)
  • Exhibit 37: Data Table on HHH - Year-over-year growth 2022-2027 (%)

• 6.4 PBI - Market size and forecast 2022-2027
  • Exhibit 38: Chart on PBI - Market size and forecast 2022-2027 ($ million)
  • Exhibit 39: Data Table on PBI - Market size and forecast 2022-2027 ($ million)
  • Exhibit 40: Chart on PBI - Year-over-year growth 2022-2027 (%)
  • Exhibit 41: Data Table on PBI - Year-over-year growth 2022-2027 (%)

• 6.5 RI - Market size and forecast 2022-2027
  • Exhibit 42: Chart on RI - Market size and forecast 2022-2027 ($ million)
  • Exhibit 43: Data Table on RI - Market size and forecast 2022-2027 ($ million)
  • Exhibit 44: Chart on RI - Year-over-year growth 2022-2027 (%)
  • Exhibit 45: Data Table on RI - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by End-user
  • Exhibit 46: Market opportunity by End-user ($ million)
  • Exhibit 47: Data Table on Market opportunity by End-user ($ million)

7 Market Segmentation by Product

• 7.1 Market segments
  • Exhibit 48: Chart on Product - Market share 2022-2027 (%)
  • Exhibit 49: Data Table on Product - Market share 2022-2027 (%)

• 7.2 Comparison by Product
  • Exhibit 50: Chart on Comparison by Product
  • Exhibit 51: Data Table on Comparison by Product

• 7.3 Fixed - Market size and forecast 2022-2027
  • Exhibit 52: Chart on Fixed - Market size and forecast 2022-2027 ($ million)
  • Exhibit 53: Data Table on Fixed - Market size and forecast 2022-2027 ($ million)
  • Exhibit 54: Chart on Fixed - Year-over-year growth 2022-2027 (%)
  • Exhibit 55: Data Table on Fixed - Year-over-year growth 2022-2027 (%)

• 7.4 Portable - Market size and forecast 2022-2027
  • Exhibit 56: Chart on Portable - Market size and forecast 2022-2027 ($ million)
  • Exhibit 57: Data Table on Portable - Market size and forecast 2022-2027 ($ million)
  • Exhibit 58: Chart on Portable - Year-over-year growth 2022-2027 (%)
  • Exhibit 59: Data Table on Portable - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Product
  • Exhibit 60: Market opportunity by Product ($ million)
  • Exhibit 61: Data Table on Market opportunity by Product ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview
  • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation
  • Exhibit 63: Chart on Market share by geography 2022-2027 (%)
  • Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison
  • Exhibit 65: Chart on Geographic comparison
  • Exhibit 66: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
  • Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million)
  • Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million)
  • Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
  • Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
  • Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
  • Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
  • Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
  • Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 Asia - Market size and forecast 2022-2027
  • Exhibit 75: Chart on Asia - Market size and forecast 2022-2027 ($ million)
  • Exhibit 76: Data Table on Asia - Market size and forecast 2022-2027 ($ million)
  • Exhibit 77: Chart on Asia - Year-over-year growth 2022-2027 (%)
  • Exhibit 78: Data Table on Asia - Year-over-year growth 2022-2027 (%)

• 9.6 Rest of World (ROW) - Market size and forecast 2022-2027
  • Exhibit 79: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
  • Exhibit 80: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
  • Exhibit 81: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
  • Exhibit 82: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)

• 9.7 US - Market size and forecast 2022-2027
  • Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ million)
  • Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ million)
  • Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
  • Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.8 Germany - Market size and forecast 2022-2027
  • Exhibit 87: Chart on Germany - Market size and forecast 2022-2027 ($ million)
  • Exhibit 88: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
  • Exhibit 89: Chart on Germany - Year-over-year growth 2022-2027 (%)
  • Exhibit 90: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
  • Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ million)
  • Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ million)
  • Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
  • Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 UK - Market size and forecast 2022-2027
  • Exhibit 95: Chart on UK - Market size and forecast 2022-2027 ($ million)
  • Exhibit 96: Data Table on UK - Market size and forecast 2022-2027 ($ million)
  • Exhibit 97: Chart on UK - Year-over-year growth 2022-2027 (%)
  • Exhibit 98: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027
  • Exhibit 99: Chart on Japan - Market size and forecast 2022-2027 ($ million)
  • Exhibit 100: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
  • Exhibit 101: Chart on Japan - Year-over-year growth 2022-2027 (%)
  • Exhibit 102: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 Market opportunity by geography
  • Exhibit 103: Market opportunity by geography ($ million)
  • Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges
  • Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
  • Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
  • Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks
  • Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
  • Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors
  • Exhibit 110: Matrix on vendor position and classification

• 12.3 Air Liquide SA
  • Exhibit 111: Air Liquide SA - Overview
  • Exhibit 112: Air Liquide SA - Business segments
  • Exhibit 113: Air Liquide SA - Key offerings
  • Exhibit 114: Air Liquide SA - Segment focus

• 12.4 Air Products and Chemicals Inc.
  • Exhibit 115: Air Products and Chemicals Inc. - Overview
  • Exhibit 116: Air Products and Chemicals Inc. - Business segments
  • Exhibit 117: Air Products and Chemicals Inc. - Key news
  • Exhibit 118: Air Products and Chemicals Inc. - Key offerings
  • Exhibit 119: Air Products and Chemicals Inc. - Segment focus

• 12.5 Atlas Copco AB
  • Exhibit 120: Atlas Copco AB - Overview
  • Exhibit 121: Atlas Copco AB - Business segments
  • Exhibit 122: Atlas Copco AB - Key news
  • Exhibit 123: Atlas Copco AB - Key offerings
  • Exhibit 124: Atlas Copco AB - Segment focus

• 12.6 CIMC ENRIC Holdings Ltd.
  • Exhibit 125: CIMC ENRIC Holdings Ltd. - Overview
  • Exhibit 126: CIMC ENRIC Holdings Ltd. - Business segments
  • Exhibit 127: CIMC ENRIC Holdings Ltd. - Key news
  • Exhibit 128: CIMC ENRIC Holdings Ltd. - Key offerings
  • Exhibit 129: CIMC ENRIC Holdings Ltd. - Segment focus

• 12.7 DCC Plc
  • Exhibit 130: DCC Plc - Overview
  • Exhibit 131: DCC Plc - Business segments
  • Exhibit 132: DCC Plc - Key offerings
  • Exhibit 133: DCC Plc - Segment focus

• 12.8 Everest Kanto Cylinder Ltd.
  • Exhibit 134: Everest Kanto Cylinder Ltd. - Overview
  • Exhibit 135: Everest Kanto Cylinder Ltd. - Business segments
  • Exhibit 136: Everest Kanto Cylinder Ltd. - Key offerings
  • Exhibit 137: Everest Kanto Cylinder Ltd. - Segment focus

• 12.9 Faber Industrie SPA
  • Exhibit 138: Faber Industrie SPA - Overview
  • Exhibit 139: Faber Industrie SPA - Product / Service
  • Exhibit 140: Faber Industrie SPA - Key offerings

• 12.10 Invacare
  Corp.
  • Exhibit 141: Invacare
    Corp. - Overview
  • Exhibit 142: Invacare
    Corp. - Business segments
  • Exhibit 143: Invacare
    Corp. - Key news
  • Exhibit 144: Invacare
    Corp. - Key offerings
  • Exhibit 145: Invacare
    Corp. - Segment focus

• 12.11 Koninklijke Philips NV
  • Exhibit 146: Koninklijke Philips NV - Overview
  • Exhibit 147: Koninklijke Philips NV - Business segments
  • Exhibit 148: Koninklijke Philips NV - Key news
  • Exhibit 149: Koninklijke Philips NV - Key offerings
  • Exhibit 150: Koninklijke Philips NV - Segment focus

• 12.12 Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd.
  • Exhibit 151: Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd. - Overview
  • Exhibit 152: Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd. - Product / Service
  • Exhibit 153: Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd. - Key offerings

• 12.13 Linde Plc
  • Exhibit 154: Linde Plc - Overview
  • Exhibit 155: Linde Plc - Business segments
  • Exhibit 156: Linde Plc - Key news
  • Exhibit 157: Linde Plc - Key offerings
  • Exhibit 158: Linde Plc - Segment focus

• 12.14 Luxfer Holdings Plc
  • Exhibit 159: Luxfer Holdings Plc - Overview
  • Exhibit 160: Luxfer Holdings Plc - Business segments
  • Exhibit 161: Luxfer Holdings Plc - Key offerings
  • Exhibit 162: Luxfer Holdings Plc - Segment focus

• 12.15 Rama Cylinders Pvt. Ltd.
  • Exhibit 163: Rama Cylinders Pvt. Ltd. - Overview
  • Exhibit 164: Rama Cylinders Pvt. Ltd. - Product / Service
  • Exhibit 165: Rama Cylinders Pvt. Ltd. - Key offerings

• 12.16 Sinoma Science and Technology Co. Ltd.
  • Exhibit 166: Sinoma Science and Technology Co. Ltd. - Overview
  • Exhibit 167: Sinoma Science and Technology Co. Ltd. - Product / Service
  • Exhibit 168: Sinoma Science and Technology Co. Ltd. - Key offerings

• 12.17 Worthington Industries Inc.
  • Exhibit 169: Worthington Industries Inc. - Overview
  • Exhibit 170: Worthington Industries Inc. - Business segments
  • Exhibit 171: Worthington Industries Inc. - Key offerings
  • Exhibit 172: Worthington Industries Inc. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist
  • Exhibit 173: Inclusions checklist
  • Exhibit 174: Exclusions checklist

• 13.3 Currency conversion rates for US$
  • Exhibit 175: Currency conversion rates for US$

• 13.4 Research methodology
  • Exhibit 176: Research methodology
  • Exhibit 177: Validation techniques employed for market sizing
  • Exhibit 178: Information sources

• 13.5 List of abbreviations
  • Exhibit 179: List of abbreviations

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Contact

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