15 October 2019
Visiongain has launched a new pharma report ‘’Medical Oxygen Concentrators Market Report 2020-2030’’ Prospects by Product (Portable Oxygen Concentrators, Stationary Oxygen Concentrators), Technology (Continuous Flow, Pulse Dose), Application (Homecare, Non-Homecare), and Geography
Global medical oxygen concentrators market is anticipated to grow on account of the increasing incidence of chronic obstructive pulmonary disease (COPD). The global medical oxygen concentrators market is anticipated to grow at a lucrative CAGR of 8.4% and anticipated to surpass USD 4 Billion by 2030.
The increasing incidence of chronic obstructive pulmonary disease (COPD) combined with the increasing number of smokers will drive the global medical oxygen concentrators market. Increasing smoke and dust manufacturing in multiple industrial sectors will be the main influencing factor in the medical oxygen concentrations industry. Moreover, the growing elderly population, susceptible to multiple respiratory disorders, will further boost the development of businesses for medical oxygen concentrations across the globe.
For patients with COPD, serious chronic hypoxemia and pulmonary edema, medical oxygen concentrators provide additional oxygen. They can be used in combination with a continuous positive airway pressure device as an additional therapy for serious sleep apnea. Typically, oxygen concentrators are used as stationary sources to provide patients at home with long-term oxygen therapy (LTOT).
Based on type, portable oxygen concentrators dominated the general industry in 2018 and accounted for over 40% of the global revenue due to factors such as growing geriatric population, increased COPD incidence, and growing demand for home health oxygen therapy.
The medical oxygen concentrator market was dominated by North America in 2018 and the trend is the same over the forecast period. Well-established health infrastructure; the existence of major players; increasing awareness of sophisticated techniques of therapy are the main driving factors in the region for this industry. During the forecast period, the Asian medical oxygen concentrator market is anticipated to grow with the highest CAGR due to improved healthcare industry; increased COPD and asthma incidence; and the existence of emerging countries such as China and India.
Currently, key players are forming various strategies such as acquisitions, mergers, partnerships, collaborations and launching new products to strengthen their position in the global medical oxygen concentrators market. Companies are also expanding their R&D, distribution, and management facilities to expand their business and to hold a competitive edge in the market.
The comprehensive market report features companies such as AirSep, Besco Medical Co. Ltd.,
Chart Industries, Covidien, DeVilbiss Healthcare, GCE Group, Inogen, Inova Labs, Invacare, Koninklijke Philips N.V., Nidek Medical, O2 Concepts, Philips Respironics, Precision Medical, Inc., Teijen among other prominent players. Also the research study offers market estimation and forecast for the period ranging 2020–2030 for global markets such as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific and MEA along with regional sub-markets as U.S., Canada, Brazil, Mexico, Germany, UK, France, Italy, Spain, Nordic, Benelux, Russia, Poland, India, Japan, China, Australia, ASEAN, GCC, South Africa and North Africa.
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