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Oxygen Cylinders and Concentrators Market to grow at 9.8% CAGR from 2017 to 2024

Get more details @ http://bit.ly/2h7EVFX <br>Some of the prominent industry participants in oxygen cylinders and concentrators market include Chart Industries, Inogen, Invacare, Koninklijke Philips N.V., Catalina Cylinders, Air Liquide, MeBer, HERSILL, Tecno Gaz and Cramer Decker. The industry players resort to various strategies such as acquisitions, new product launch and partnerships for strengthening their market position.

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Oxygen Cylinders and Concentrators Market to grow at 9.8% CAGR from 2017 to 2024

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  1. Oxygen Cylinders and Concentrators Market to reach $4.5 bn by 2024: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024

  2. Key Insights from Oxygen Cylinders and ConcentratorsMarket: • Global Market Insights, Inc. says, Oxygen Cylinders and Concentrators Market size is set to exceed USD 4.5 billion by 2024. • Increasing prevalence of COPD, asthma and other respiratory disorders will drive market growth over the forecast years. • Excessive smoking and exposure to industrial dust will deteriorate the air quality leading to respiratory illness. • Climate change further poses a massive threat to respiratory health as it increases risk factors such as amounts of pollens, allergens and particulate matter. • Oxygen is non-flammable but it supports combustion and its improper or unsafe use or storage may lead to serious injuries. • Portable devices dominated the oxygen cylinders and concentrators market in 2016. The compact nature and light weight of these devices provides increased mobility and ease of use.

  3. Continued... • Pharmaceutical and biotechnology is slated to grow at a rapid pace over the forecast period. Oxygen is critical for cell growth applications and is routinely used in fermenters and bioreactors. • U.S. oxygen cylinder and concentrators market held significant industry share. Increasing proportion of elderly population along with increased occurrence of respiratory disorders should drive industry growth. • China oxygen cylinder and concentrators market is slated to witness robust growth over the forecast period. The economic boom and drastic rise in GDP has resulted in a surge in motorized vehicles as more number of individuals are now capable of buying them. • Exposure to the increasing pollution and dust has escalated incidence of various respiratory disorders in the region which will fuel industry growth. • Prominent industry participants include Inogen, Tecno Gaz, Koninklijke Philips N.V., Cramer Decker, Air Liquide, Chart Industries, HERSILL, Catalina Cylinders, MeBer, and Invacare.

  4. U.S. Oxygen Cylinders and Concentrators Market size, By Product, 2013-2024 (USD Million)

  5. Browse Full Market Research Report On Oxygen Cylinders and Concentrators Market @ http://bit.ly/2hHVgBz Request for a Sample of this Research Report @ https://www.gminsights.com/request-sample/detail/2097https://www.gminsights.com/request-sample/detail/49

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