Oxygen Regulator Market Size, Share, Growth, and Industry Analysis, By Type (Piston Type, Diaphragm Type, Click Style, Others), By Application (Hospital, Home Care, Others), Regional Forecast By 2031

Oxygen Regulator Market Report Overview

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The global oxygen regulator market size was USD 245.48 million in 2021 & the market is expected to reach USD 500.47 million in 2031, exhibiting a CAGR of 7.37% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the oxygen regulators market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The oxygen regulator is a device used with oxygen-supplying equipment, such as an oxygen cylinder or a medical gas supply outlet, to conserve oxygen. Oxygen regulators adjust the oxygen cylinder's flow rate. Simply using an oxygen regulator, you can alter the rate of continuous oxygen flow. Oxygen regulators are used for administrating oxygen to patients who, in the opinion of their doctor, require higher oxygen levels in order to improve or stabilize their breathing conditions. It is a pressure-reducing tool that lowers the oxygen pressure in a cylinder to a level at which it can be used safely.

The motion needs to be slow when the medical oxygen regulator device is opened or the oxygen cylinder is vented. The medical oxygen regulator may fully burn out if the valve is opened too quickly, which will cause the temperature of the gas in the working component to rise significantly owing to adiabatic compression. This might cause the rubber packing and rubber film fibre gasket to catch fire and burn out. Additionally, it will start a fire and damage the components of the medical oxygen pressure regulator due to the discharge of an electrical spark that was generated too quickly and the oil used in the regulator.

COVID-19 Impact: Pandemic Increased the Market Demand

Nearly every business has been impacted by the unmatched worldwide public health emergency known as COVID-19, and the long-term impacts are expected to have an influence on industry growth throughout the course of the forecast period. During the COVID-19 period, there were major changes to consumer demand, buying habits, supply chain rerouting, dynamics of contemporary market forces, and government involvement. As a result of widespread usage of oxygen cylinders and widespread manual management of oxygen, the market for oxygen regulators experienced a boom during the pandemic. This need increased the demand for oxygen regulators.

Latest Trends

"Regulation Of Litre Flow To Create Ease Of Usage"

The newest trend in the oxygen regulator market is about changing or regulating the litre flow

Depending on the brand of regulator you are using and the required litre flow, oxygen regulators let you change your litre flow from 1 to 25 per minute. For those who require a flow rate of 1/32 litres or less, there are paediatric oxygen regulators available. An oxygen regulator does exactly what its name implies; it controls the oxygen flow from the tank in order to provide the patient with the right dosage.

Oxygen Regulator Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into, Piston Type, Diaphragm Type, Click Style, Others

• By Application Analysis

Based on application, the market can be divided into, Hospital, Home Care, Others

Driving Factors

"At-home care of elderly patients to stimulate market demand"

According to the WHO, non-communicable illnesses already make up 87% of the disease burden for people over 60, which translates to more hospitalisations and a larger reliance on life-support systems. Medical oxygen regulator sales have increased as a result of the rise in at-home care for elderly patients who require ongoing respiratory support and the market players' development of new technologies and equipment for better management of these situations. Key market players have been compelled to create new and improved technologies as a result of a rise in the demand for medical oxygen cylinders, which is expected to fuel market expansion. The need for medical oxygen was driving hospitals and clinics to expand their capacity, which also led to the expansion of this market. This is anticipated to boost the oxygen regulator market growth.

Oxygen Regulator Market Regional Insights

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"Growing Demand in Asia Pacific Anticipated to Boost Market Expansion"

The market was dominated by the Asia Pacific region. This can be ascribed to the fast growing population, rising disease rates, and rapid urbanisation of the area, all of which are contributing reasons to the rise in demand for medical oxygen regulators in the APAC region. The COVID-19 pandemic had a significant impact on the APAC nations. This reason raises the need for oxygen regulator market share in the Asia-Pacific region. The outbreak caused a shortage of medical oxygen due to inadequate medical facilities and infrastructure, which compelled governments to increase its supply. The market has expanded in part due to the high prevalence of respiratory illnesses and the rising elderly population. During the projection period, Europe is anticipated to experience the fastest growth. The alarming rate of elderly population growth has been a major factor in the rise in demand for medical oxygen cylinders. According to Eurostat estimates, more than 20.6% of the EU's population would be 65 years of age or older in 2020. The regional market is expanding due to the rising demand for supplements brought on by the rising frequency of chronic disorders among the senior population.

Key Industry Players

Due to the presence of both major firms and smaller regional businesses, the market is highly fragmented. Governments from all over the world have been working with the healthcare sector to increase the capacity of healthcare systems to provide medical oxygen, which includes greater oxygen production by local governments and small private businesses. Large hospitals have also been recommended to keep a capability for producing oxygen in case demand for medical oxygen cylinders increases.

LIST OF TOP OXYGEN REGULATOR COMPANIES

• Yuwell
• Western (Scott Fetzer)
• O-Two Medical Technologies
• Ohio Medical
• Air Liquide
• Greggersen
• WEINMANN Emergency Medical Technology
• MATHESON
• MS Group
• Yuyao Jiahua Medical Appliance
• B.N.O.S. Meditech
• Linde
• Harris
• Essex Industries
• Allied Healthcare
• Emerson
• Amico
• Precision Medical
• GCE Group
• Rotarex
• Genstar Technologies
• Mada Medical

Report Coverage

This report examines an understanding of the oxygen regulators market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.