Oxygen cylinders are used in variety of markets including medical, SCBA, industrial, aviation and aircraft, and SCUBA. The US oxygen cylinder market saw an average growth rate due to an increasingly aging population. The US oxygen cylinder market is expected to reach $535 million by 2018.
Lucintel, a leading global
Management Consulting and market research firm, has conducted a competitive analysis on the US oxygen cylinder market and presents its findings in “
Opportunities in US Oxygen Cylinder Market 2013-2018: Customers, Competitors and Market Analysis.” The report reflects on the growth opportunities of the end market applications in the US market. Without proper understanding of the dynamics of the market, reaping the benefits would be difficult.
The report highlights that the major challenge for the medical market is to sustain and compete with the substitutes available. Oxygen concentrators are the closest substitutes for the oxygen cylinders. Another challenge is the continuous increase in the price of raw materials. The prices of steel and aluminum are increasing frequently which is reflected in the end product.
The study briefly discusses that the market is driven by the growing demand of oxygen cylinders for home care and long term oxygen therapy from growing aging population in the US. The manufacturers have started to produce light weight, compact and portable oxygen cylinders for the convenience of mobility and to address the changing lifestyle.
The report will be beneficial for all those who are related to the industry where Oxygen Cylinders are used, along with the ones who plan to participate in the industry in near future. The report will provide advantage to the existing players as well as the new entrants, and the raw material suppliers.
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