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Lucintel Analysis: Medical Reforms and Aging Population to Offer Significant Growth Opportunities to China Oxygen Cylinders' Industry Players
Date:11/27/2013

IRVING, Texas, Nov. 27, 2013 /PRNewswire-iReach/ -- China Oxygen Cylinders market witnessed significant growth during the past five years and is expected to continue its growth momentum and reach an estimated $161 million by 2018. China is leading the global Oxygen Cylinders market. The Oxygen Cylinders market saw significant growth rate due to governmental support, healthcare infrastructural development, growing aging population and their proneness to respiratory diseases, growth in industrial manufacturing and construction market, and increasing demand of aircraft for domestic airlines and military purpose.

(Photo: http://photos.prnewswire.com/prnh/20131127/MN24038)

Lucintel, a leading global management consulting and market research firm, has conducted a detailed analysis on the Oxygen Cylinder market for China and presents its findings in "China Oxygen Cylinders Market 2013-2018: Trends, Forecast, and Opportunity Analysis." Oxygen Cylinders are used in a variety of markets including medical, industrial, Self-Contained Breathing Apparatus (SCBA), aviation and space, and Self-Contained Underwater Breathing Apparatus (SCUBA).

The medical segment is the largest segment in oxygen cylinders market in terms of value shipment and represents huge growth potential. The industrial segment is the second largest user of Oxygen Cylinders in China, followed by self-contained breathing apparatus (SCBA), and aviation and space. Although the composite Oxygen Cylinders are costlier than steel and aluminium Oxygen Cylinders, composite cylinders had driven th
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SOURCE Lucintel
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