Medical Oxygen Cylinders Market size is expected to reach USD 5.9 billion by 2030
Medical Oxygen Cylinders Industry Overview The global medical oxygen cylinders market size was valued at USD 4.0 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 4.40% from 2023 to 2030. The increasing prevalence of chronic respiratory diseases and the severe impact of the COVID-19 pandemic have both been key factors in driving market growth. The increase in industrialization across the globe has adversely affected the overall quality of breathable air. The air quality index (AQI) has been high due to rapid development and increasing pollution, which has resulted in an increase in the prevalence of respiratory diseases. Patients suffering from chronic respiratory diseases (CRDs) such as COPD require oxygen supplementation to ease breathing, which can greatly enhance life quality. CRDs are caused due to pollution, tobacco smoke, occupational chemicals, and dust, etc. Gather more insights about the market drivers, restrains and growt...