Industrial Research World

As per a new report published by Research Dive, the  global oxygen cylinder and concentrator market  is estimated to register a revenue of  $5,737.5 million till 2026 , growing at a  CAGR of 10.7%  during the forecast time from  2019-2026.  The global market segmentation has been done on the basis of product, end use and region. This report further provides in depth overview of drivers, opportunities, restraints, segmentation analysis and prominent participants of the market.  The novel coronavirus has positively affected the global oxygen cylinder and concentrator market. According to available sources, people who are affected with COVID-19, about 15% of patients have serious sickness requires oxygen supply and about 5% patients have critically ill necessitating intensive care treatment. Also, many critically affected patients will require mechanical ventilation due to doctors observed that affected patients have extraordinarily low oxygen levels in their blood. This factor is signifi

  According to a study,  Oxygen Cylinder and Concentrator Market  by Research Dive, the market is expected to reach $5,052.1 million by 2026, registering a CAGR of 8.7% from 2019-2026. Growing utilization from different applications and increasing focus on consumption are some of the oxygen cylinder and concentrator market drivers. The oxygen cylinder and concentrator market is primarily dominated by growing utilization from different applications, for instance, healthcare, pharmaceutical & biotechnology and manufacturing industries. According to American Academy of Allergy, Asthma & Immunology (AAAAI), about 320 million people worldwide are diagnosed with Asthma, of which about 255000 are suffering from the disease. However, it is estimated that by the end of 2026, the number of asthma patients would continue to grow by more than 102 million. This factors further enhance the market in healthcare and medical segment. Additionally, rising demands for adventure sports such as mou