Investment Opportunities and Strategies in Startup of Oxygen Gas Plant.
Oxygen (O) is a nonmetallic chemical element in Periodic Table Group 16 (VIa, or the oxygen group). Oxygen is a colourless, odourless, and tasteless gas that is taken up by animals, who then convert it to carbon dioxide; plants, on the other hand, use carbon dioxide as a carbon source and return oxygen to the environment. Oxygen produces compounds when it reacts with nearly every other element, as well as when it reacts with other elements to displace them from their combinations; in many circumstances, these reactions are accompanied by the evolution of heat and light, and are referred to as combustions. Water is the most crucial component.
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Medical oxygen is a high-purity oxygen that is developed for use in the human body and is utilised for medical treatments. To avoid contamination, medical oxygen cylinders only contain high-purity oxygen gas; no other gases are permitted in the cylinder. An oxygen concentrator should have a medical grade oxygen content of no less than 90.0 percent and no more than 96.0 percent. When looking at appropriate oxygen saturation levels, it’s also necessary to consider altitude. Because it is classified as a drug, it must meet FDA regulations for compressed medical gas. One of the requirements is that oxygen cylinders be thoroughly emptied at all times to reduce the danger of contamination. One of the requirements is that oxygen cylinders be thoroughly emptied at all times to reduce the danger of contamination.
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Benefits of Medical Oxygen Gas:
Oxygen is utilized as a medical treatment in both chronic and acute instances, and it can be administered in a hospital, a pre-hospital setting, or completely outside of a hospital setting. It is used for emergency resuscitation, anesthetic, life support for patients who are unable to breathe on their own, and oxygen treatment. Athletes also take medicinal oxygen during training or at high elevations. Medical oxygen is used for the following purposes:
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- Serve as a foundation for almost all modern anesthetic procedures.
- Improve oxygen availability to restore tissue oxygen tension in a variety of diseases, including COPD, cyanosis, shock, severe bleeding, carbon monoxide poisoning, serious trauma, and cardiac/respiratory arrest.
- Assist with resuscitation.
- Provide artificially ventilated patients with life support.
- Support cardiovascular health.
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Market Outlook:
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 favorable 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:
- Air Liquide India Holding Pvt. Ltd.
- Arrow Oxygen Ltd.
- Bellary Oxygen Co. Pvt. Ltd.
- Bhagawati Oxygen Ltd.
- Bhilai Oxygen Ltd.
- Govind Poy Oxygen Ltd.
- Howrah Gases Ltd.
- Linde India Ltd.
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