Medical Oxygen Concentrators Market is valued at USD 1754.6 Million in 2018 and is estimated to reach at USD 3040.4 Million by 2025 registering a CAGR of 8.17% within the forecast period. Increasing prevalence of respiratory disorders is the key driving factor of Global Medical Oxygen Concentrators Market.
An oxygen concentrator is a gadget that concentrates the oxygen from a gas supply (by and large surrounding air) by specifically evacuating nitrogen to supply an oxygen-enhanced item gas stream. An oxygen concentrator takes in air and expels nitrogen from it, leaving an oxygen enhanced gas for use by individuals requiring restorative oxygen because of low oxygen levels in their blood. Oxygen concentrators are utilized by patients requiring supplemental oxygen for aspiratory issue, for example, bronchitis, emphysema, lung malignancy, and intense pneumonia. Oxygen concentrators can be proficiently utilized at home just as clinical settings to help the client’s oxygen needs. An oxygen concentrator has an air blower, two chambers loaded up with zeolite pellets, a weight adjusting supply, and a few valves and cylinders. In the principal half-cycle, the main chamber gets air from the blower, which keeps going around 3 seconds.
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Medical oxygen concentrators market report is segmented on the basis of products, application, technology and region & country level. Based upon product, medical oxygen concentrators market segmented into portable and fixed. Based upon application, medical oxygen concentrators market segmented into home care and non-home care. Based upon technology, medical oxygen concentrators market segmented into pulse dose and continuous flow.
The regions covered in this Global Medical Oxygen Concentrators Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of medical oxygen concentrators market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players for Medical Oxygen Concentrators Market Reports
Key market players of global medical oxygen concentrators market are like Chart Industries, Inc. (AirSep), Koninklijke Philips N.V., Invacare Corporation, DeVilbiss Healthcare LLC, Nidek Medical, Inogen, O2 Concepts, Teijin Limited, Supera Anesthesia Innovations, and GCE Group.
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Inogen (INGN) Launched One G5 Portable Oxygen Concentrator
4 April 2019. Inogen, Inc. recently announced the launch of its Inogen One G5 portable oxygen concentrator. The product is now available for sale through the company’s domestic direct-to-consumer sales channel for patients suffering from respiratory disorders. Through a controlled roll-out process in the upcoming months, the company plans to release it through domestic and global business-to-business channels as well.
Increased Tobacco Consumption
In 2015, over 1.1 billion individuals smoked tobacco. Unquestionably a greater number of guys than females smoked tobacco. Despite the fact that it is declining worldwide and in numerous nations, the commonness of tobacco smoking has all the earmarks of being expanding in the WHO Eastern Mediterranean Region and the African Region. There are 1.1 billion tobacco clients on the planet. This number is relied upon to increment to 1.6 billion throughout the following two decades. The WHO Framework Convention on Tobacco Control, the world’s first general wellbeing arrangement, is a standout amongst the most widespread settlements in presence, with 176 Parties speaking to over 87% of worldwide populace. The United States has not approved the FCTC. However, the availability of low-cost alternatives by local manufacturers, stringent regulatory guidelines causing delays in product approvals, and Medicare reimbursement rate cuts for home oxygen therapy are restraining the growth of this market to a certain extent. Moreover, increasing pollution and changing lifestyle habits such as cigarette smoking is further anticipated to contribute in growing prevalence of respiratory diseases thus propelling industry growth.
North America is Expected to Dominate the Medical Oxygen Concentrators Market:
North America was the biggest market in terms of revenue share in 2018 owing to the high prevalence of respiratory issue, and ideal repayment arrangements in U.S. In addition, increasing geriatric population in this region is also supplementing the market growth. Asia Pacific is expected to witness a fastest growth in this market owing to the expanding pervasiveness of COPDs and other respiratory diseases. Moreover, expanding medicinal services use, mindfulness with respect to the mechanical headways utilized in determination, and interest for versatile concentrators are projected to drive the market growth.
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Key Benefits for Medical Oxygen Concentrators Market Reports –
- Global Medical Oxygen Concentrators Market report covers in-depth historical and forecast analysis.
- Global Medical Oxygen Concentrators Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
- Global Medical Oxygen Concentrators Market report helps to identify opportunities in marketplace.
- Global Medical Oxygen Concentrators Market report covers extensive analysis of emerging trends and competitive landscape.
Medical Oxygen Concentrators Market Segmentation:
By Product (Product, Fixed), By Technology (Continuous Flow, Pulse Dose), By Application (Home Care, Non-Home Care)
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