At room temperature, oxygen is a non-metal element that exists as a gas. It has two oxygen atoms in each of its molecules. Respiration, the process of transferring energy from glucose to cells, requires oxygen. Burning requires the presence of oxygen. However, burning occurs only when the mixture of fuel and oxygen is sufficiently heated. Many common chemical compounds contain oxygen atoms, including water (H2O), carbon dioxide (CO2), carbon monoxide (CO), sulphur oxides (SO2 and SO3), and nitrogen oxides (NOx) (NO and NO2).
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Hypoxemia, or a lack of oxygen in the blood, necessitates oxygen therapy. Numerous situations can be blamed for a lack of access to oxygen and pulse oximeters for hypoxemia screening, which this guideline aims to solve. The lack of defined norms and guidelines, as well as fragmented oxygen supply and distribution infrastructures, exacerbates patient access to oxygen. High altitude and for oxygentents in hospitals is a more recent development. Oxygen gas in the breathing apparatus for a visitor at high altitudes and for oxygentents in hospitals is a more recent development.
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Benefits of Medical Oxygen Gas:
Because the body needs oxygen to 'burn' food molecules, it is necessary for respiration. When animals breathe, they take in oxygen and exhale carbon dioxide. Chronic asthma, cystic fibrosis, pulmonary hypertension, obstructive sleep apnea, heart failure, anaphylaxis, and significant trismus are just a few of the chronic and acute health disorders for which oxygen treatment is commonly utilised.
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Medical oxygen is used in many different situations. Medical oxygen is commonly supplied in medical settings such as hospitals and clinics. It is used in anaesthesia, emergency resuscitation, life support for patients who are unable to breathe on their own, and oxygen treatment. During oxidative phosphorylation, oxygen is utilised in mitochondria to help create adenosine triphosphate (ATP).
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In value terms, the global medical oxygen market was valued at USD4572.39 million in 2020, and it is expected to increase at a CAGR of 7.02 percent to USD6712.32 million by 2026. The rising frequency of respiratory illnesses among the population is driving the global medical oxygen market. Furthermore, significant elderly population rise is expected to boost market growth during the predicted period.
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Furthermore, the growing demand for home healthcare facilities is likely to boost the market's growth in the coming years. The market is projected to be restrained by increased knowledge and adoption of alternative products such as oxygen concentrators. Technological improvements are allowing the introduction of unique oxygen supply items, which will act as a restraint on the oxygen gas industry.
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Rising Demand of Oxygen Gas in COVID-19 Pandemic:
The world has been hammered severely by the second wave of coronavirus infections. The new surge in COVID-19 cases has increased demand for medical oxygen, a vital commodity in treating the respiratory condition, putting significant strain on the nation's medical infrastructure. Over the last six months, the demand for oxygen in hospitals has reportedly increased by 600-800 percent. From treating heart failure and pneumonia to asthma and COVID-19, oxygen therapy has the potential to save millions of lives. Covid-19 has had a favourable impact on the worldwide medical gas oxygen market's growth.
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The increased number of COVID-19 cases has fundamentally driven the demand for medical oxygen gas for intensive care during the Covid-19 pandemic. Because of the rising number of COVID-19 patients, the demand for oxygen has increased to 1.1 million cylinders in low to middle income nations alone. Preventive steps are being taken in a number of nations to ensure a sufficient supply of oxygen for COVID-19 patients.
Major Key Players:
1. Air Liquide India Holding Pvt. Ltd.
2. Arrow Oxygen Ltd.
3. Bellary Oxygen Co. Pvt. Ltd.
4. Bhagawati Oxygen Ltd.
5. Bhilai Oxygen Ltd.
6. Govind Poy Oxygen Ltd.
7. Howrah Gases Ltd.
8. Linde India Ltd.
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