Global Packaged Oxygen Market Size, Share, Opportunities, And Trends By Oxygen Type (Medical Oxygen, Industrial Oxygen), By End-User (Hospitals, Industries, Others), And By Geography - Forecasts From 2025 To 2030

The global packaged oxygen market is expected to grow at a CAGR of 5.25%, reaching a market size of US$2,031.09 billion in 2030 from US$1,572.85 billion in 2025.

Packaged oxygen can be defined as oxygen in the liquid, gas, or solid state. Compressed oxygen in the health sector was its initial market driving force; afterward, it was used in many industrial processes. All living things require oxygen, the non-metallic, odourless gas that forms a significant part of the ecosystem and finds application in various industries, medicines, and sciences. Packaged oxygen demands increased over time as more requirements were given for using oxygen for industrial applications. With rising concern over air pollution, more people are demanding packaged oxygen for their home care.

Moreover, every possible industry that uses packaged oxygen underwent an increase in demand. Major respiratory diseases mentioned in the WHO report are lung cancer, COPD, asthma, acute lower respiratory tract infections, and tuberculosis. Due to the increased demand in the healthcare sector, the market exploded. The alarming increase in air pollution contributes to the increase.

What are the Global Packaged Oxygen Market Drivers?

• Increased technological advancement is contributing to the global packaged oxygen market growth

The packaged oxygen market has been fostering technological advancements and innovations to keep pace with changes as they arise. New technologies often result in new products, efficiencies, and experiences, leading to increased demand and subsequent market growth.

Moreover, the major part of the market comes from growing consumer awareness of oxygen-packaged products and services. The businesses are innovating their product lines to meet consumer demands for more advanced, efficient, or sustainable options.

• Regulatory support and initiatives are anticipated to boost the global packaged oxygen market.

Government initiatives and regulatory frameworks can boost the market's growth by motivating investments, lowering entry barriers, and stimulating innovation in the putting-away packaged oxygen industry. Further injections can be made into the packaged oxygen industry through new geographical markets or some emerging industries. Identifying these novel trends, capturing their nuances, and defining market presence will help businesses gain a competitive advantage. Collaborations among technology suppliers, research institutes, and industry participants may spur innovation and hasten market expansion. Through these collaborations, companies can build new products or enter unexplored markets with the added benefit of stronger resources and capabilities.

• Growing demand for industrial oxygen is anticipated to boost the global packaged oxygen market.

The demand for industrial oxygen is directly correlated with overall industrial growth. As industries expand, particularly in manufacturing, chemicals, and healthcare, more oxygen is required for various tasks.  Strict environmental regulations aimed at reducing emissions and enhancing air quality can positively influence the use of oxygen in pollution control systems. For instance, processes like incineration and wastewater treatment plants use oxygen to lower pollution emissions. New advancements in oxygen production and delivery techniques will propel the market expansion. By making oxygen more accessible to a wider range of businesses, technological advancements such as developing more cost-effective and energy-efficient methods for producing oxygen can boost market share.

• Growing demand from the healthcare industry is increasing the market demand

The healthcare industry saw a sharp increase in demand for packaged oxygen due to the rise in medical cases worldwide. Packaged oxygen was recommended because the disease first affects the respiratory organs, making breathing difficult for patients. Patients were permitted to quarantine themselves at home and receive remote medical consultations when the disease's case count began to rise daily. They were directed to packaged oxygen, which is far safer, to avoid breathing the contaminated air, which would negatively impact the patient's health.

Global Packaged Oxygen Market Restraints:

• High transportation cost is anticipated to hamper the market growth

Pure oxygen production involves advanced technology, which ultimately is very expensive. Transporting packaged oxygen cylinders requires strict safety precautions, thus increasing logistics costs. Packaged oxygen cylinders occupy great volume, requiring specialized storage units. Poor handling or storage results in safety hazards such as leaks and explosions. Thus, the high cost of transporting can hinder this market’s growth.

Geographical Outlook of the Global Packaged Oxygen Market:

• Asia Pacific is witnessing exponential growth during the forecast period.

There is a surge in demand for packaged oxygen across several industries in the Asia-Pacific region. This rise in demand may be attributed to several factors affecting several industries, such as hospitals, healthcare settings, and home care use, due to increased investment in health systems and rapid urbanization.

Geriatric populations are growing, leading to a rise in demand for medical oxygen, which is especially needed in Japan. Most of the oxygen is being consumed by the steel, welding, and cutting industries, which are thriving in Asia-Pacific because of industrialization and infrastructure-related projects. Demand is fueled by the growing petrochemical and chemical industries in China and India that need oxygen for different processes.

Moreover, the rising populations of countries such as China and India have increased the necessary packaged oxygen demand for healthcare. However, due to the rapid urbanization in Southeast Asia, there is now a higher indirect demand for packaged oxygen caused by increased industrial activity. Medical and industrial oxygen uses are championed by certain supportive policies and subsidies for the health and industrial sectors in countries like China and India, resulting in a huge market for packaged oxygen.

Key Launches in the Global Packaged Oxygen Market:

• In July 2024, Air Liquide India invested INR 3500 million (roughly USD 41.79 million) to open a new manufacturing facility in Mathura, Uttar Pradesh. The purpose of this air separation unit is to support Kosi, Mathura's industrial and healthcare operations. The unit produces liquid and medical oxygen, with a daily production capacity of more than 300 tonnes.
• In April 2024, the Oxygen Equipment Supplier Certification Program was launched by WHA. To make sure that processes related to oxygen service and fire risk reduction adhere to industry best practices, WHA established a new Oxygen Equipment Supplier Certification Program. This new product can potentially support the safe and secure expansion of the oxygen industry for both suppliers and their clients.
• In August 2023, Bhutan inaugurated two oxygen generator plants intending to bolster the nation's health systems and enhance its capacity for emergency preparedness and response. Jigme Dorji Wangchuk National Referral Hospital and Mongar Regional Referral Hospital are the locations of these Pressure Swing Adsorption (PSA) plants. The inauguration is anticipated to support the packaged oxygen market’s expansion over the forecast period, given their ability to manufacture and refill 100 medical oxygen cylinders per day.

The global packaged oxygen market is segmented and analyzed as follows:

• By Oxygen Type
  • Medical Oxygen
  • Industrial Oxygen
• By End-user
  • Hospitals
  • Industries
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key Benefits to the Stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. CXO Perspective

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View 

5. GLOBAL PACKAGED OXYGEN MARKET BY OXYGEN TYPE

5.1. Introduction

5.2. Medical Oxygen

5.3. Industrial Oxygen

6. GLOBAL PACKAGED OXYGEN MARKET BY END-USER

6.1. Introduction

6.2. Hospitals

6.3. Industries

6.4. Others 

7. GLOBAL PACKAGED OXYGEN MARKET BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. By Oxygen Type

7.2.2. By End-User

7.2.3. By Country

7.2.3.1. USA

7.2.3.2. Canada

7.2.3.3. Mexico

7.3. South America

7.3.1. By Oxygen Type

7.3.2. By End-User

7.3.3. By Country 

7.3.3.1. Brazil

7.3.3.2. Argentina

7.3.3.3. Others

7.4. Europe

7.4.1. By Oxygen Type

7.4.2. By End-User

7.4.3. By Country

7.4.3.1. United Kingdom

7.4.3.2. Germany

7.4.3.3. France

7.4.3.4. Italy

7.4.3.5. Spain

7.4.3.6. Others

7.5. Middle East and Africa

7.5.1. By Oxygen Type

7.5.2. By End-User

7.5.3. By Country

7.5.3.1. Saudi Arabia

7.5.3.2. UAE

7.5.3.3. Others

7.6. Asia Pacific

7.6.1. By Oxygen Type

7.6.2. By End-User

7.6.3. By Country

7.6.3.1. China

7.6.3.2. Japan

7.6.3.3. India

7.6.3.4. South Korea

7.6.3.5. Indonesia

7.6.3.6. Taiwan

7.6.3.7. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. Oxy99.in

9.2. Messer Group GmbH

9.3. Leeden National Oxygen Ltd.

9.4. Vitality Air

9.5. The Linde Group

9.6. Gupta Oxygen Pvt Ltd.

9.7. Oxygen Plus. Inc.

9.8. Boost Oxygen, LLC

9.9. Wild Goose Filling

9.10. Gaztron Engineering

9.11. Gulf Cryo

9.12. Matheson

9.13. GENERON

9.14. JSC Grasys

9.15. Air Liquide

Oxy99.in

Messer Group GmbH

Leeden National Oxygen Ltd.

Vitality Air

The Linde Group

Gupta Oxygen Pvt Ltd.

Oxygen Plus. Inc.

Boost Oxygen, LLC

Wild Goose Filling

Gaztron Engineering

Gulf Cryo

Matheson

GENERON

JSC Grasys

Air Liquide