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

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

Status : October, 2020 | Medical Devices | PPT format

Report Digest


Global Medical Oxygen Concentrators market: Overview

An oxygen concentrator refers to a gadget that is tasked with the job of concentrating oxygen from a gas supply. It is done through the process of particularly evacuating nitrogen to make a supply of oxygen-enhanced substance in the stream of gas. An oxygen concentrator absorbs air and gives out nitrogen out of it, which leaves a gas stream laden with oxygen. This product is then utilized by people needing restorative oxygen due to low level of oxygen in their blood. The growth of the global medical oxygen concentrators market is likely to be influenced by increased prevalence of respiratory diseases.  

Patients suffering from various types respiratory diseases, such as intense pneumonia, lung malignancy, emphysema, and bronchitis require the services of oxygen concentrators. These patients are likely to drive the demand for oxygen concentrators in the years to come. These concentrators find use both at clinical settings and home to cater to the need of clients’ oxygen. An oxygen concentrator comes with some valves and cylinders, a weight adjusting supply, two chambers filled with pellets of zeolite, and an air blower.

The global medical oxygen concentrators market has been segmented based on technology, application, and region. The main objective of providing such a comprehensive report is to provide a deep insight into the market.

Global Medical Oxygen Concentrators Market: Notable Developments

In the last few years, the global medical oxygen concentrators market has witnessed quite a few path-breaking developments. One such development of the market is mentioned below:

  • In August 2019, Leader in health technology, Philips completed acquisition of Healthcare Information Systems (HCIS) business of Carestream Health Inc. This move is estimated to expand the business of Philips and diversify its product portfolio in the forthcoming years.

Some of the key market players of the global medical oxygen concentrators market are

  • Koninklijke Philips N.V.
  • DeVilbiss Healthcare GmbH
  • Jiangsu Yuyue Medical Equipment & Supply Co. Ltd.
  • Inova Labs Inc.
  • NIDEK Medical Products, Inc.
  • Teijin Limited

Global Medical Oxygen Concentrators Market: Growth Drivers

Growing Prevalence of Respiratory Disorders to Spell Growth for the Market

The global medical oxygen concentrators market is estimated to be influenced by the augmented prevalence of chronic obstructive pulmonary disease (COPD). In addition there has been a surge in the number of people taking up cigarette smoking from both the sexes, which is likely to cause respiratory system related sickness. As such, the rise in the number of smokers is expected to bolster growth of the global medical oxygen concentrators market over the period of analysis.

A rise in the generation of smoke and dust in different industrial and occupational sectors is likely to work in favor of the development of the global medical oxygen concentrators market in the years to come. A rise in the number of elderly population who are vulnerable to various types of respiratory issues is likely to drive the demand for medical oxygen concentrators in the forthcoming years.

In addition, a rising number neonatal patients suffering from various types of respiratory anomalies is likely to play an important role in developing the global medical oxygen concentrators market over the tenure of analysis.

Several public and private organizations have put into use various programs to track, diagnose, and offer effective solutions for sufferings of patients with respiratory disorders. Such moves by private and public enterprises are like to amplify growth opportunities for the global medical oxygen concentrators market over the period of assessment.

Global Medical Oxygen Concentrators Market: Regional Outlook

In the global oxygen concentrators market, North America is estimated to rise as one of the leading regions and is likely to retain its regional dominance in the years to come. A rise in the geriatric population together with increased prevalence of respiratory diseases is likely to offer ample scope of growth for the medical oxygen concentrators market in North America.

Asia Pacific is likely to emerge as an immensely promising region with the growing prevalence of lung disorders and expanding geriatric population, Furthermore, as more people take up smoking in the region, the oxygen concentrators market in Asia Pacific is likely to observe growth in the years to come..

The global medical oxygen concentrators market is segmented as:

Technology

  • Continuous Flow
  • Pulse Dose

Application

  • Home Care
  • Non-home care

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?