Global Portable E Tanks Market, By Size (Small, Medium, Large), Application (Healthcare, Pharmaceutical and Biotechnology, Manufacturing, Aerospace and Automotive, Others, Homecare) – Industry Trends and Forecast to 2029.
Portable E Tanks Market Analysis and Size
Gas cylinders and portable oxygen tanks are still widely used in hospitals and outpatient clinics. While portable oxygen concentrators are becoming more practical for long-term oxygen therapy, portable tanks remain useful. E-tanks are also suitable for emergency backup, because of the amount of oxygen available in them. In general, the volume in them lasts long enough to provide oxygen during a brief power outage caused by a storm, when a concentrator may not function.
Data Bridge Market Research analyses that the portable E tanks market which is expected to reach at a healthy CAGR of 6.50% during the forecast period 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Portable E Tanks Market Scope and Segmentation
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Report Metric |
Details |
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Forecast Period |
2022 to 2029 |
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Base Year |
2021 |
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Historic Years |
2020 (Customizable to 2014 - 2019) |
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Quantitative Units |
Revenue in USD Million, Volumes in Units, Pricing in USD |
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Segments Covered |
Size (Small, Medium, Large), Application (Healthcare, Pharmaceutical and Biotechnology, Manufacturing, Aerospace and Automotive, Others, Homecare) |
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Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
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Market Players Covered |
Linde plc (Ireland), Invacare Corporation (U.S.), Koninklijke Philips N.V. (Netherlands), Chart Industries, Inc. (U.S.), Bd (U.S.), Teleflex Incorporated (U.S.), ICU Medical, Inc. (U.S.), Fisher & Paykel Healthcare Limited (New Zealand), Drägerwerk AG & Co. KGaA (Germany), Inogen, Inc. (U.S.), Messer Medical (Germany), HERSILL (Spain), GCE (Sweden), Allied Healthcare Products Inc. (U.S.), Respan Products (Canada) and Drive DeVilbiss International (U.S.) |
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Market Opportunities |
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Market Definition
A portable tank is a bulk packaging (except a cylinder with a water capacity of 1000 pounds or less) that is designed primarily to be loaded onto, or attached to, a transport vehicle or ship and is equipped with skids, mountings, or accessories to facilitate mechanical handling of the tank.
Global Portable E Tanks Market Dynamics
Drivers
- Increase in the prevalence of diseases
The market for portable E tanks is being driven by an increase in the prevalence of diseases caused by obesity and its associated complications such as cardiac arrest and diabetes.
Furthermore, increased hospital administration cases developed health care infrastructure, awareness of sleep apnea, emergency medical aid facilities in small establishments, and expanded insurance coverage globally boost the market.
- Surging volume of patients suffering from obesity issues
Obesity can cause hypoxemia by reducing lung volumes to the point where lung units close during normal breathing. Fluid overload is common in heart failure (HF) patients and obesity. However, the relationship between the extent of intravascular volume expansion and indices such as body mass index (BMI) in obese and non-obese patients with HF has not been defined in order to address the issue of an HF obesity phenotype. These are the factors which propel the growth of market.
Opportunities
- Surging prevalence of respiratory disorders
The most significant factors driving this market's growth are the increasing prevalence of chronic obstructive pulmonary disease (COPD) and other respiratory disorders such as sleep apnea, acute lung injury, and hypoxemia. The increasing number of preterm births and rapid growth in the geriatric population are also expected to accelerate the market's overall growth. Moreover, the high prevalence of tobacco smoking which leads to respiratory disease will bolster the growth of the market.
Restraints/Challenges
- Stringent government regulations
Stringent government regulations along with slow penetration rate of advanced medical system are acting as market restraints for the growth of the portable E tanks during the forecast period.
- High Cost
Portable oxygen concentrators are generally more exclusive up front, but portable tanks will continue to cost money until you stop using oxygen. If you need continuous oxygen, the cost to use tanks could end being much higher in the long run.
This portable E tanks market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the portable E tanks market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Portable E Tanks Market Scope
The portable E tanks market is segmented on the basis of size and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Size
- Small
- Medium
- Large
Application
- Healthcare
- Pharmaceutical and Biotechnology
- Manufacturing
- Aerospace and Automotive
- Homecare
- Others
Portable E Tanks Market Regional Analysis/Insights
The portable E tanks market is analyzed and market size insights and trends are provided by country, size and application as referenced above.
The countries covered in the portable E tanks market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the portable E tanks market due to weaker immunity system and low oxygen intake capacity.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 owing to the rising prevalence of diseases caused by obesity.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The portable E tanks market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for portable E tanks market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the portable E tanks market. The data is available for historic period 2010-2020.
Competitive Landscape and Portable E Tanks Market Share Analysis
The portable E tanks market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to portable E tanks market.
Some of the major players operating in the portable E tanks market are:
- Linde plc (Ireland)
- Invacare Corporation (U.S.)
- Koninklijke Philips N.V. (Netherlands)
- Chart Industries, Inc. (U.S.)
- BD (U.S.)
- Teleflex Incorporated (U.S.)
- ICU Medical, Inc. (U.S.)
- Fisher & Paykel Healthcare Limited (New Zealand)
- Drägerwerk AG & Co. KGaA (Germany)
- Inogen, Inc. (U.S.)
- Messer Medical (Germany)
- HERSILL (Spain)
- GCE (Sweden)
- Allied Healthcare Products Inc. (U.S.)
- Respan Products (Canada)
- Drive DeVilbiss International (U.S.)
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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