Expanding Application of Hyperbaric Oxygen Therapy in Various Treatment Strategy is Driving the Demand for Europe and Middle East and Africa Medical Oxygen Cylinder Market

Hyperbaric Oxygen Therapy (HBOT) has gained significant popularity in recent years as a versatile treatment strategy for various medical conditions. This therapeutic approach involves administering pure oxygen at higher-than-normal atmospheric pressures, creating a unique healing environment. The growing recognition of HBOT's effectiveness across diverse medical applications is emerging as a key driver for the market growth. HBOT has demonstrated remarkable efficacy in promoting wound healing and tissue repair. It enhances oxygen delivery to tissues, accelerates collagen synthesis, and supports angiogenesis, making it a valuable adjunct to conventional wound care strategies. Ongoing research suggests the potential benefits of HBOT in treating neurological disorders such as stroke, traumatic brain injury, and neurodegenerative diseases. The increased oxygen levels in the brain have shown promise in mitigating damage and fostering neural regeneration.

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Data Bridge Market Research analyzes that the Europe and Middle East and Africa Medical Oxygen Cylinder Market is expected to reach a value of USD 8,389,039.60 thousand by 2031, from USD 5,579,072.01 thousand in 2023, growing at a CAGR of 5.3% during the forecast period of 2024 to 2031.

Key Findings of the Study

• Expanding Healthcare Infrastructure

A robust healthcare infrastructure stands as a fundamental pillar in advancing the core objective of enhancing standards of care and well-being for all patients, ensuring a positive experience within the healthcare system. The synergy between a well-established healthcare system and dedicated staff plays a vital role in fostering the goals of improved patient outcomes and accessibility within the medical oxygen cylinder market.

Public sector investments in healthcare infrastructure for construction and expansion of hospitals, clinics, and medical centers, equipped with state-of-the-art facilities. Governments across the region are not only focusing on increasing the number of healthcare facilities but also on upgrading existing ones to meet international standards. This proactive approach has led to a surge in the demand for medical oxygen cylinders, essential for respiratory support in diverse healthcare settings.

Report Scope and Market Segmentation

Segment Analysis                                                           

 The Europe and Middle East and Africa medical oxygen cylinder market is segmented into six notable segments based on product, technology, application, usability, end-user, and distribution channel.

• On the basis of product, the Europe and Middle East and Africa medical oxygen cylinder market is segmented into portable oxygen cylinder and stationary oxygen cylinder

In 2024, the portable oxygen cylinder segment is expected to dominate the Europe and Middle East and Africa medical oxygen cylinder market

In 2024, the portable oxygen cylinder segment is expected to dominate the Europe and Middle East and Africa medical oxygen cylinder market with a market share of 63.23% in Europe and 61.12% in Middle East and Africa due to growing demand for oxygen owing to rising respiratory illnesses and aging population.

• On the basis of technology, the Europe and Middle East and Africa medical oxygen cylinder market is segmented into continuous flow and pulse flow

In 2024, continuous flow is expected to dominate the Europe and Middle East and Africa medical oxygen cylinder market

In 2024, the continuous flow segment is expected to dominate the Europe and Middle East and Africa medical oxygen cylinder market with a market share of 53.07% in Europe and 54.17% in Middle East and Africa due to its consistent and uninterrupted oxygen supply, making it a preferred choice for patients with chronic respiratory conditions.

• On the basis of application, the Europe and Middle East and Africa medical oxygen cylinder market is segmented into Chronic Obstructive Pulmonary Disease (COPD), pneumonia, lung cancer, asthma, respiratory distress syndrome, sleep apnea, anesthesia, and others. In 2024, the Chronic Obstructive Pulmonary Disease (COPD) segment is expected to dominate the market with a market share of  27.91% in Europe and 29.51% in Middle East and Africa
• On the basis of usability, the Europe and Middle East and Africa medical oxygen cylinder market is segmented into non-home care and home-care. In 2024, the non-home care segment is expected to dominate the market with a market share of 79.81% in Europe and 80.17% in Middle East and Africa
• On the basis of end-user, the Europe and Middle East and Africa medical oxygen cylinder market is segmented into hospitals, standalone ambulance services, home-care settings, and others. In 2024, the hospitals segment is expected to dominate the market with a market share of 42.75% in Europe and 40.48% in Middle East and Africa
• On the basis of distribution channel, the Europe and Middle East and Africa medical oxygen cylinder market is segmented into third party distributors, direct tender, and others. In 2024, the third party distributors segment is expected to dominate the market with a market share of 53.13% in Europe and  54.45% in Middle East and Africa

Major Players

Data Bridge Market Research analyzes Linde plc (Germany), Koninklijke Philips N.V. (Netherlands), Niterra Co., Ltd (Japan), Inogen, Inc. (U.S.), and Drive DeVilbiss (U.S.) as the major players in the Europe medical oxygen cylinder market.

Data Bridge Market Research analyzes Linde plc (Germany), Al-Barrak Group (Saudi Arabia), Gulf Cryo (Kuwait), Koninklijke Philips N.V. (Netherlands), and Inogen, Inc. (U.S.) as the major players in the Middle East and Africa medical oxygen cylinder market.

Market Developments

• In October 2023, Forbes Healthcare named Nidek Medical Products' NUVO Lite Oxygen Concentrator the "Best Quiet Operation" Oxygen Concentrator for 2023. It is recognized for its low-power consumption, lightweight design, compact size and wide range of outlet flow volume options. The NUVO Lite underscores the company's dedication to delivering high-quality, cost-effective and user-friendly medical devices. This recognition further solidifies Nidek's position as an industry leader and enhances its image in the healthcare sector
• In May 2023, Drive DeVilbiss International unveiled the 1060AW, an energy-efficient 10-liter oxygen concentrator, designed specifically for challenging environments. This innovative device addresses the unique requirements of rural and semi-urban areas, marking a significant advancement in oxygen therapy at both primary and secondary health levels. This benefited the company by expanding its product portfolio result in more product offering ultimately increase revenue
• In April 2023, Czech Republic-based medical equipment company Royax have expanded its operations to Gothenburg, Sweden with a focus on growing in Sweden, northern Europe and beyond. Headed by entrepreneur Abbas Bafkar, the Swedish subsidiary benefits from the country's high-quality standards of life and global credibility. Royax, known for its innovative patient transport equipment and ambulances received support from life science investment advisor Iris Öhrn, aiding in building a strong business case and integrating into the local innovation ecosystem
• In February 2022, Everest Kanto Cylinder Limited (EKC) unveiled plans for substantial capacity expansion in India and Europe, reflecting a positive outlook with a Rs. 215 crore investment during FY23-24, EKC anticipates a combined revenue potential of Rs. 712 crore from expansion. The company has successfully completed Phase I of its Rs. 35 crore brownfield expansion project, enhancing production lines and output. The ongoing initiatives position EKC for robust growth, aiming to complete Phase II by the second quarter of FY23
• In November 2020, Chart Industries successfully acquired BlueInGreen, LLC, a prominent water cleantech company specializing in dissolved-gas solutions for water treatment and industrial processes. The stock purchase, completed for USD 20 million in cash at closing, with a potential earn-out not exceeding USD 6 million, enhances Chart Industries' capabilities in delivering economic, social, and environmental value. This benefited company to expand its product portfolio

Regional Analysis

Geographically, the countries covered in the Europe and Middle East and Africa medical oxygen cylinder market report are Germany, U.K., France, Italy, Spain, Russia, Switzerland, Turkey, Belgium, Netherlands, Norway, Finland, Denmark, Sweden, Poland, Hungary, Lithuania, Austria, Ireland, Czechia, Greece, Portugal, Romania, Bulgaria, Ukraine, Rest of Europe, GCC, South Africa, Israel, Egypt, Nigeria, Iran, Iraq, Kenya, Ethiopia, and Rest of Middle East and Africa.

As per Data Bridge Market Research analysis:

Europe is the dominant and fastest growing region in Europe and Middle East and Africa oxygen cylinder market

Europe is expected to dominate the Europe and Middle East and Africa medical oxygen cylinder market due to the region boasts a well-established healthcare infrastructure, stringent safety standards, and a high prevalence of chronic respiratory conditions. In addition, technological advancements and the presence of key market players contribute to Europe's leadership in the oxygen cylinder market, ensuring the availability of advanced and reliable solutions for medical gas storage and distribution.

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