Singapore Medical Oxygen Cylinders Market Insights Forecasts to 2033

• The Singapore Medical Oxygen Cylinders Market Size was valued at USD 139.5 Million in 2023.
• The Market is growing at a CAGR of 5.51% from 2023 to 2033
• The Singapore Medical Oxygen Cylinders Market Size is expected to reach USD 238.5 Million by 2033

The Singapore Medical Oxygen Cylinders Market is anticipated to exceed USD 238.5 Million by 2033, growing at a CAGR of 5.51% from 2023 to 2033. The increasing incidence of chronic respiratory diseases, demand for emergency medical services, and product launches for homecare settings are driving the growth of the medical oxygen cylinders market in the Singapore.     

Market Overview

Medical oxygen cylinders are large metal tanks that store oxygen under pressure (compressed oxygen), used in oxygen therapy, thereby helping the body get the oxygen it needs to function. In healthcare settings, medical oxygen cylinders are frequently used to provide supplemental oxygen to patients who are having respiratory problems or who are afflicted with respiratory ailments like pneumonia, asthma, chronic obstructive pulmonary disease (COPD), and others. Further, they are required during certain procedures in dental clinics and veterinary surgeries. There is an increasing number of patients particularly older and disabled people with respiratory diseases like asthma and COPD who rely on home oxygen cylinders for their oxygen therapy. This factors leads to the growing need for medical oxygen cylinders, especially lightweight cylinders. Further, the introduction of integrated valve systems for improved administration of medical gases, digital pressure gauges for providing accuracy and high precision, and the ergonomic designs of this cylinder are bolstering the market growth opportunities.    

Report Coverage

This research report categorizes the market for the Singapore medical oxygen cylinders market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Singapore medical oxygen cylinders market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Singapore medical oxygen cylinders market.

Driving Factors

In Singapore, the chronic obstructive pulmonary disease is the tenth leading cause of death affecting approximately 5.9% of general population while 26% affected population is 55 years and above aged. The increasing number of deaths caused by respiratory ailment including COPD is responsible for driving market demand. Further, the development of medical oxygen cylinders for homecare settings to improve the quality of life and care of people suffering from chronic respiratory illness is propelling the market growth. Further, the application of medical oxygen cylinders for providing life-saving oxygen therapy in emergency medical services is significantly contributing to driving the market demand.

Restraining Factors

The stringent regulations associated with the production, storage, transportation, and usage of medical oxygen gases are challenging the medical oxygen cylinders market. Further, the higher cost and technical precautions associated with the use of oxygen cylinders are challenging the market.

Market Segmentation

The Singapore Medical Oxygen Cylinders Market share is classified into product type, technology, and application.

• The fixed segment dominated the Singapore medical oxygen cylinders market with the largest market share in 2023.       

Based on the product type, the Singapore medical oxygen cylinders market is divided into fixed and portable. Among these, the fixed segment dominated the Singapore medical oxygen cylinders market with the largest market share in 2023. Fixed oxygen cylinders are typically 10-40 liters used in fixed system installations in hospitals. The rising need for oxygen cylinders along with the growing geriatric population, requiring at-home care are driving the market demand. 

• The continuous flow segment dominated the market with the largest revenue share during the forecast period.

The Singapore medical oxygen cylinders market is segmented by technology into continuous flow and pulse flow. Among these, the continuous flow segment dominated the market with the largest revenue share during the forecast period. Patients with COPD have been using continuous flow technology, and as the disease becomes more common, demand for it rises. Further, the increasing use of this cylinder among elderly and immobile patients is driving the market.

• The non home-care segment accounted for the largest market share during the forecast period.

The Singapore medical oxygen cylinders market is segmented by application into home-care and non home-care. Among these, the non home-care segment accounted for the largest market share during the forecast period. In emergency response and other critical situations, medical oxygen cylinders can provide instant medical support in non home-care settings. The significant number of persons who needed oxygen supplementation during the epidemic is majorly responsible for market growth.  

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Singapore medical oxygen cylinders market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Koninklijke Philips NV
• Invacare
• Linde PLC
• Air Liquide SA
• Nidek Medical
• AirSep Corp
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at Singapore, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Singapore Medical Oxygen Cylinders Market based on the below-mentioned segments:

Singapore Medical Oxygen Cylinders Market, By Product Type

• Fixed
• Portable

Singapore Medical Oxygen Cylinders Market, By Technology

• Continuous Flow
• Pulse Flow

Singapore Medical Oxygen Cylinders Market, By Application

• Home-care
• Non Home-care