Medical Device

Large Requirement Of Medical Oxygen Gas Cylinders in 2020

Medical Oxygen Gas Cylinders Market is valued at USD 8.46 Billion in 2020 and expected to reach USD 14.41 Billion by 2025 with the CAGR of 6.4% over the forecast period.

    Medical oxygen gas cylinders consist of compressed oxygen gas used for medical purpose. The medical oxygen gas cylinders have significant use for the patients suffering from various diseases like asthma, cancer, etc. The primary aim of oxygen cylinder is to maintain the supply of the pure oxygen in the body. Medical oxygen gas cylinders are present in different sizes depending upon the requirement. 

     Major Players in the market ROYAX, AirGenics, Air Products, Praxair Inc., Attucho, Allied Healthcare Products, Atlas Copco, TECNO-GAZ, FARUM, Airgas Inc., BER, OrientMEd International FZE, PVS, Meditech and Taiyo Nippon Sanso.

     Sept 2020-National Pharmaceutical Pricing Authority (NPPA) has capped the prices of medical oxygen and oxygen cylinders amid an increasing demand for them for coronavirus patients.

     The Ministry of Health and Family Welfare (MOH&FW) has directed the NPPA to take all necessary measures to immediately regulate the availability and pricing of LMO and medical oxygen in cylinder.

    7 October 2020 relating to the approval by the Board of Directors of a longterm financing by way of issuing a non-convertible bond for an aggregate nominal amount up to Euro 70 million, SOL S.p.A. informs that on the date hereof has completed the private placement of non-convertible bonds on the American market (U.S. Private Placement), fully subscribed by two institutional investors (The Prudential Insurance Company of America and Prudential Legacy Insurance Company of New Jersey).

     The global medical oxygen gas cylinders market is segmented on the basis of size, type of cylinder, application type, and region. On the basis of size, global medical oxygen gas cylinders market is divided into 10 ML, 40 ML, 50 ML, 100 ML and others. On the basis of type of cylinder, the global medical oxygen cylinder market is divided into fixed and portable. On the basis of application type global Medical Oxygen Gas Cylinders market is divided into Emergency Room, Operating Room, Respiratory Department, Household and others. The regions covered in global medical oxygen gas cylinders market report are North America, Europe, Asia-Pacific and Rest of the World. 

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