Global Liquid Oxygen Devices Market Size To Exceed USD 9.44 Billion By 2035 | CAGR of 3.94%
Category: HealthcareGlobal Liquid Oxygen Devices Market Size To Exceed USD 9.44 Billion By 2035
According to a research report published by Spherical Insights & Consulting, the Global Liquid Oxygen Devices Market Size is Expected to Grow from USD 6.17 Billion in 2024 to USD 9.44 Billion by 2035, at a CAGR of 3.94% during the forecast period 2025-2035.
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Browse key industry insights spread across 245 pages with 110 Market data tables and figures & charts from the report on the "Global Liquid Oxygen Devices Market Size, Share, and COVID-19 Impact Analysis, By Tank Type (Vertical Storage Tanks and Horizontal Storage Tanks), By End User (Hospitals, Outpatient Facilities and Home Care), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/liquid-oxygen-devices-market
The liquid oxygen devices industry is the business engaged in the manufacturing, distribution, and use of devices delivering liquid oxygen to patients suffering from respiratory disorders who need supplemental oxygen. Moreover, the increasing incidence of chronic respiratory diseases, including COPD, asthma, and pulmonary fibrosis, is largely responsible for fueling the demand for oxygen therapy. Most of these patients need oxygen therapy for an extended period; thus, devices containing liquid oxygen have become integral both in hospitals and homecare environments. Furthermore, governments, especially in developed nations, are emphasizing enhancing healthcare infrastructure. By providing subsidies and reimbursement schemes for oxygen therapy devices, they are making liquid oxygen devices cost-effective and within reach. These efforts have been significant in broadening the application of these devices in homecare facilities, which is driving the general market growth. However, liquid oxygen devices also need frequent maintenance through cleaning, filling, and equipment and tank inspection. Such a routine can prove time-consuming and expensive for both homecare patients and healthcare facilities, making them less convenient overall and more expensive to operate.
The vertical storage tanks segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the tank type, the liquid oxygen devices market is divided into vertical storage tanks and horizontal storage tanks. Among these, the vertical storage tanks segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The segmental growth is due to vertical tanks generally possessing greater storage capacity in light of their structure, which renders them more appropriate for long-term application. The same is particularly helpful for healthcare settings such as hospitals or long-term care facilities requiring an uninterrupted supply of oxygen.
The home care segment accounted for a significant share in 2024 and is anticipated to grow at the fastest CAGR during the forecast period.
Based on the end user, the liquid oxygen devices market is divided into hospitals, outpatient facilities, and home care. Among these, the home care segment accounted for a significant share in 2024 and is anticipated to grow at the fastest CAGR during the forecast period. The growth is attributed to patients increasingly opting for home oxygen therapy since it brings comfort, privacy, and autonomy. Liquid oxygen equipment, particularly portable equipment, enables individuals to go about their daily life without being hospitalized, hence making home care a preferred choice for long-term oxygen therapy.
North America is expected to hold the majority share of the global liquid oxygen devices market during the forecast period.
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North America is expected to hold the majority share of the global liquid oxygen devices market during the forecast period. North America has a high incidence of respiratory diseases such as COPD, asthma, and pulmonary fibrosis, thereby driving strong demand for continuous oxygen therapy and liquid oxygen devices. The region is also home to industry leaders such as Invacare, OxyGo, and Chart Industries, which heavily invest in R&D and innovation. Their innovative product portfolios and extensive distribution networks account for high adoption rates, positioning North America at the top of the global liquid oxygen devices market.
Asia Pacific is anticipated to grow at the fastest pace in the global liquid oxygen devices market during the forecast period. Asia Pacific emerging nations, such as India, China, and Indonesia, are spending significantly to modernize their healthcare systems. Government-funded initiatives to modernize hospitals and expand rural access to healthcare are boosting the availability and use of liquid oxygen equipment. This expansion in infrastructure is facilitating extended patient coverage and fueling market demand.
Europe is predicted to hold a significant share of the liquid oxygen devices market throughout the estimated period. Europe boasts one of the oldest populations in the world, especially in nations such as Germany, Italy, and France. Older people are more susceptible to chronic diseases, which include respiratory diseases needing constant oxygen therapy. This demographic factor highly drives the demand for liquid oxygen devices both in institutions and at home.
Major vendors in the global liquid oxygen devices market are Air Liquide Healthcare, Air Products and Chemicals, Inc., AmcareMed, Brise Chemicals, CAIRE Inc., Chart Industries, Cryofab Inc., DEHAS Medical Systems, DFC Tank Pressure Vessel Manufacturer, Essex Industries, Krison Engineering Works, Linde Engineering, MATHESON, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In August 2023, Air Liquide S.A. introduced a new portable liquid oxygen device for patients who need supplemental oxygen therapy beyond conventional healthcare facilities. The design of the unit is intended to promote mobility and ease of use, addressing the increasing number of patients in need of long-term oxygen therapy.
- In April 2023, OxyGo HQ Florida LLC launched the OxyHome 5L Stationary Concentrator. The device provides a steady flow of oxygen at a rate of up to 5 liters per minute for domestic consumption. The most notable feature is its twin-blower cooling mechanism, which maintains consistent performance over a period of time.
Market Segment
This study forecasts revenue at the global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the liquid oxygen devices market based on the below-mentioned segments:
Global Liquid Oxygen Devices Market, By Tank Type
- Vertical Storage Tanks
- Horizontal Storage Tanks
Global Liquid Oxygen Devices Market, By End User
- Hospitals
- Outpatient Facilities
- Home Care
Global Liquid Oxygen Devices Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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