Oxygen Market
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032.
The Oxygen Market and Sustainable Development Goals (SDGs)
The Business Research Company’s Oxygen Global Market Report 2023 highlights the increasing prevalence of various diseases related to breathing problems as the major driver for the oxygen market’s growth in the forecast period. Diseases such as Chronic Obstructive Pulmonary Disease (COPD) are more prevalent in the geriatric population. COPD is a type of obstructive lung disease that results in long-term breathing problems. COPD requires the use of an oxygen concentrator, which is a device that improves the level of oxygen in the blood of patients and addresses their breathing problems. According to the United Nations (UN), in 2020, there were an estimated 727 million people aged 65 years or over worldwide, and that number is expected to reach 1.5 billion by 2050.
Market Growth and Impact of Russia-Ukraine War
The global passenger electric vehicles market grew from $278.75 billion in 2022 to $365.72 billion in 2023 at a compound annual growth rate (CAGR) of 31.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The passenger electric vehicles market is expected to grow from $1,083.65 billion in 2027 at a CAGR of 31.2%.
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Major competitors in the oxygen market are:
- Linde Group
- Praxair Technology Inc.
- Air Liquide
- Taiyo Nippon Sanso
- Yingde Gases
- Air Water Inc.
- Airgas Inc.
- Guangdong Haute Gas Co. Ltd.
- Baosteel Metal Co. Ltd.
Rising Need Among Patients and Innovative Solutions
A key trend in the oxygen market includes rising need among patients across healthcare services. Companies involved in the market are developing innovative ways to utilize oxygen in various industries such as medical, chemical, etc. In order to improve the oxygen delivery and to monitor the oxygen dosage of patients in respiratory care facilities, Camcon Medical introduced Binary Actuation Technology (BAT). BAT is an innovative solution that aids in providing accurate dosage and reduces wastage by providing cost-effective solutions to patients who require oxygen therapy. It is through such innovative methods that entities involved in the oxygen market are able to improve the economic benefit of the products.
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Segmentation of the Oxygen Market
The Oxygen market is segmented:
- By Product Type: Medical Oxygen, Industrial Oxygen, Other Product Types
- By Application: Cosmetics, Pharmaceutical, Automobiles, Mining, Mineral processing applications
- By End User Industry: Metallurgical Industry, Chemical Industry, Health Care Industry, Other End Use Industries
- By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the oxygen market
The Business Research Company’s Global Oxygen Market Report 2023
The Business Research Company’s “Global Oxygen Market Report 2023” provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Oxygen Market Include:
- Executive Summary
- Oxygen Market Characteristics
- Oxygen Market Trends And Strategies
- Oxygen Market – Macro Economic Scenario
- Oxygen Market Size And Growth
- …………
- Oxygen Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Oxygen Market
- Oxygen Market Future Outlook And Potential Analysis
- Appendix
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