MEDICAL OXYGEN SYSTEMS MARKET ANALYSIS

Regional Analysis

Global Medical Oxygen System Market- Regional Analysis

Regional segmentation of the global medical oxygen systems market comprises North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

North America is expected to witness lucrative growth in the global medical oxygen system market, owing to presence of leading manufactures for medical oxygen systems and increasing product launches these players in this region. Leading manufacturers such as Imogen, Invacare Corporation, CAIRE, Inc., and O2 Concepts, LLC, that offer innovative oxygen concentrators, have high presence in the U.S. market. Furthermore, key players in the market are focusing on launching new products. For instance, in April 2019, Imogen, Inc. INGN launched its Imogen One G5 in the U.S. market

Moreover, oxygen system providers are engaged in expansion of their oxygen filling plants in Asia Pacific region, which is contributing to Asia Pacific medical oxygen system market growth. For instance, in February 2019, Kitajima Sanso, a distributor of medical gas, built medical oxygen filling plant in Myanmar. The new plant is equipped with two cryogenic gas storage tanks of 20 and 10 tons.

Europe is expected to show significant market share, owing to rising initiatives by key players in development of medical oxygen systems for various purposes. Increasing initiatives by regional key players and emergency medical service providers is expected to aid in growth of Europe medical oxygen system market. For instance, in June 2017, Medical Gas Solutions (MGS) was awarded with a contract to supply vital medical gases, including oxygen (O2) and analgesic gases to over one thousand emergency vehicles included in the North West Ambulance Service (NWAS) NHS Trust, across the North West of the U.K.