Packaged Oxygen Market - 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$2.03 trillion in 2030 from US$1.57 trillion 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.

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.

Global Packaged Oxygen Market geographical outlook

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.

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Report Coverage:

• Historical data & forecasts from 2022 to 2030
• Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
• Competitive Positioning, Strategies, and Market Share Analysis
• Revenue Growth and Forecast Assessment of segments and regions including countries
• Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

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
• South America
• Europe
• Middle East and Africa
• Asia-Pacific