Homecare Oxygen Concentrators Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2029

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Homecare Oxygen Concentrators Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2029

Status : March, 2023 | Medical Devices

Report Digest

Homecare Oxygen Concentrators Market: Overview

Homecare oxygen concentrators are usually used in providing supplemental oxygen to wide range of patients with respiratory problems. Their demand stemmed from the role they have in enhancing the survival rates 24 by 7 in patients suffering from pulmonary hypertension, COPD, fibrosis, and chronic respiratory disorders. These patients need homecare oxygen concentrators for providing supplemental oxygen. Other key cohort driving revenues in the homecare oxygen concentrators market in daily use are those having some aspirational problems.

Rapid advances have been witnessed in the design and homecare oxygen concentrators, with portable ones having gathered wide traction among target users. Some of the key product types in the market are portable home oxygen concentrators, compressed gas oxygen cylinders, and liquid oxygen ones.

The study on the homecare oxygen concentrators market presents a detailed assessment of the growth dynamics of the market, value-grab opportunities in different segments and regions, and the competitive dynamics. The report also presents an all-rounded insight into the major research and development avenues.

Homecare Oxygen Concentrators Market: Key Trends

The growing incidence of respiratory disorders and COPD is one of the key drivers for growth. Over the years, pollution and smoking has led to high prevalence of pulmonary disorders. Growing demand for supplemental oxygen in people suffering from dyspnea is also boosting the demand. The preference of these over oxygen tanks in homecare settings is reinforcing the avenues in the homecare oxygen concentrators market. People who need to travel has been one of the key target consumers in the market. The user-friendliness has attracted different cohorts of consumers.

The role of homecare oxygen concentrators in improving the patients’ life is also a key business proposition. Growing understanding of the morbidity associated with COPD especially in male adults has also encouraged the growth of the market. In developed nations, the prevalence of chronic bronchitis is also significant, thus boosting the demand.

Homecare Oxygen Concentrators Market: Competitive Assessment

Numerous manufacturers and vendors focusing on reducing the maintenance cost and improving the capacities so that they are well embraced by patient populations. Aspiring manufacturers are also emphasizing on improving other key performance parameters before making any product launches. Top players in the homecare oxygen concentrators market have gained stronghold by offering portable and multipurpose oxygen concentrators, including those meant for homecare. A growing number of players are striving to consolidate their raw material supply chain and attain resiliency in manufacturing to overcome any macroeconomic disruptions.

Some of the key players in the homecare oxygen concentrators market are Teijin Ltd., ResMed Inc., Precision Medical Inc., Nidek Medical Products Inc., Invacare Corp., Inogen Inc., and GCE Holding AB.

Homecare Oxygen Concentrators Market: Regional Assessment

A large chunk of the revenues in the homecare oxygen concentrators market has come from North America in the recent years. The presence of advanced healthcare infrastructure and the high prevalence of chronic respiratory disorders are key trends driving avenues in the region. A large revenue stream has come from the U.S. Other key regions are Asia Pacific and Europe. In the coming few years, vendors will try to tap into the rising revenue potential in several parts of the regions. Further, these regions will also gain from the focus of healthcare institutes to improve the lives of patients suffering from chronic respiratory disorders.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?