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2021
Charging Oxygen Gas Systems Market

Charging Oxygen Gas Systems Market by Application (Respiratory, Anesthesia, Medical Imaging, and Cryosurgery), and End User (Hospital and Home Healthcare): Global Opportunity Analysis and Industry Forecast, 2021–2030

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Dec 2021 | 147 Views
   
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Rapid growth of medical industries across the emerging economies throughout the world is what the key factor that encouraging the charging oxygen gas systems market to grow. As, the modernization is growing the living standard is also growing with technological advancement which is giving a hike to charging oxygen gas systems market.
It is anticipated that Europe and North America together holds the maximum share in the sales of charging oxygen gas systems. It is anticipated that in near future the demand of charging nitrogen gas systems market will grow in the region of Middle-East & Asia-Pacific. The growth enable factor of the market is technological advancement in the field of medical and home health care sectors.

Market Scope and Structure Analysis
Charging oxygen gas cylinder is very important as it is the daily need by medical care staff for therapy and diagnostic purpose. In home-care systems oxygen concentrators and compressed oxygen gas cylinders are significantly utilized.

Some basic chronic medical conditions like chronic obstructive pulmonary diseases (COPD), emphysema, chronic bronchitis, a typical long-term impact of smoking require oxygen treatment or supplemental oxygen to get the enough oxygen.

The market growth for charging nitrogen gas systems is going to experience a positive response in the upcoming days because the healthcare industry is growing in infinite level as it is the most important infrastructure needed in this pandemic.

Report Metric

Details

  Market Size Available for Years

   2020–2030

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Unit

  Million(USD)

  Segments Covered

  Application, End User Type and Region

  Regions Covered

  North America, Europe, Asia-Pacific, LAMEA

  Companies Covered

Air Products and Chemicals, Inc. (US), Linde Group (Germany), Air Liquide (France), Praxair, Inc. (US), Taiyo Nippon Sanso Corp. (Japan), SOL SpA (Italy), Atlas Copco (Sweden), Messer Group GmbH (Germany) and GCE Holding AB (Sweden).

 

COVID-19 Impact analysis

  • COVID-19 pandemic has shut-down large number power plants, technology advancement companies and others. This has hampered the growth of charging oxygen gas systems market from the last few months and is likely to continue during 2021.
  • COVID-19 has already affected the sales of charging oxygen gas systems. In the first quarter of 2021 and is anticipated to cause a negative impact on the market growth throughout the year.
  • The major demand for charging oxygen gas systems was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, UK, and China, which are negatively affected by the spread of the coronavirus, thereby declining the demand of services for charging oxygen gas systems.
  • Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Key players of charging oxygen gas systems market are expected to afford a full lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their service activities for several weeks to reduce the expenses. Whereas few players also adopted employee lay-offs to sustain during the COVID-19 health crisis
  • Charging oxygen gas systems market are expected to focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as well as ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce. 

Top Impacting Factors
The top impact on positive market growth for charging oxygen gas systems is the change in lifestyle and eating habits. Number of people suffering from obesity and related disorders across the world. According to the WHO, in 2016, more than 1.9 billion adults (18 years and older) were reportedly overweight, globally.
Technological advancements have provided a growing range of functionality options for various medical gases handling equipment used in hospital care and home care.
The most important restraints factor for charging oxygen gas system is the workforce, because of this the pandemic of COVID-19 the workforce cannot be put together and thus after the huge demand for the oxygen it cannot be supplied up to the mark. 
Market Trends

  • In 2017, Atlas Copco opened a manufacturing plant in the US to manufacture portable compressors and generators for the construction market as well as medical gas products for hospital.
  • In 2016, GCE Healthcare launched the GCE Healthcare range of respiratory care products, including GCE Portable Oxygen Concentrators, Oxygen Conserving Devices, Oxygen Regulators, and High Purity Gas Control products, in the US and Canada. 
  • The key players such as Air Products and Chemicals, Inc. (US), Linde Group (Germany), Air Liquide (France), Praxair, Inc. (US), Taiyo Nippon Sanso Corp. (Japan), SOL SpA (Italy), Atlas Copco (Sweden), Messer Group GmbH (Germany) and GCE Holding AB (Sweden) are arranging workshops for the workforce to educate them about charging oxygen gas systems.

Key Segments Covered    
Application Type    

  • Respiratory
  • Anesthesia
  • Medical Imaging
  • Cryosurgery

End Users Type:

  • Hospital
  • Home Healthcare

Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific 
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Benefits of the Report

  • This study presents the analytical depiction of the charging oxygen gas systems market making industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the charging oxygen gas systems market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the charging oxygen gas systems market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed charging oxygen gas systems market analysis based on competitive intensity and how the competition will take shape in coming years
 
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