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text 2019-12-20 10:53
Medical Oxygen Concentrators Market Booming With Top Key Players Like-Philips Healthcare, Invacare Corporation, AirSep Corporation, Drive DeVilbiss Healthcare, Medtronic plc, ResMed

Medical Oxygen Concentrators Market Highlights

The Global Medical Oxygen Concentrators Market held a market value of USD 1,755.8 Million in 2018 and is Projected to Grow at a CAGR of 7.8% Over the Forecast Period. Oxygen concentrator, also called as oxygen generator is a medical device used to deliver oxygen to the patient. This device concentrates the oxygen from a gas supply by removing nitrogen to supply an oxygen-enriched product gas stream. Stationary oxygen concentrators are used as stationary sources to provide long-term oxygen therapy (LTOT) to patients at home.

Oxygen concentrators provide supplementary oxygen for patients suffering from a chronic obstructive pulmonary disease (COPD) and in higher concentrations for pulmonary edema and severe chronic hypoxemia. In addition, this device is also used as an adjunct treatment for severe sleep apnea. Factors driving the market growth are worldwide increasing the number of patients requiring long-term oxygen therapy, rising prevalence of the chronic obstructive pulmonary disease, sleep apnea, and asthma, growth in healthcare spending, growing demand for portable oxygen concentrators, and the presence of favorable government initiatives. For instance, according to the data published by World Bank, in 2010, world’s current healthcare expenditure (% of gross domestic product — GDP) was 9.57% that was soared to 10.02% in 2016. In contrast, the high cost of oxygen concentrators and huge loss of oxygen and energy when continuous flow technology is used are anticipated to impede the market growth over the forecast period. Price range varies from USD 1,100 to 4,000 (2,300 typical) for stationary units and 3,995 to 5,700 (5,000 typical) for portable units.

Portable oxygen concentrators are oxygen machines that draw in oxygen with the use of a battery, electricity or DC power. These oxygen concentrators offer advantages such as compact in size, lightweight, improved efficiency, cost economic price, and mobility that enables patients to travel hassle-free. Technological advancements in the portable oxygen concentrators include pressure swing adsorption (PSA), and membrane technology is helping in the swift adoption of portable medical oxygen concentrators.

Medical Oxygen Concentrators Market Segmentation

The global medical oxygen concentrators market has been segmented into product, technology, indication, end user, and region.

By product, the market has been segmented into portable oxygen concentrators and stationary oxygen concentrators.

On the basis of technology, the market has been divided into the continuous flow and pulse dose.

Based on indication, the market has been categorized into chronic obstructive pulmonary disease, asthma, sleep apnea, and others.

By end user, the market has been classified into homecare, travel, hospitals and clinics, and others. Home oxygen concentrators facilitate convenience and make it easier and safer for the patient to complete their day-to-day activities, which is supporting the dominance of the homecare segment during the next six years.

Medical Oxygen Concentrators Market Key Players

Few of the prominent players in the global medical oxygen concentrators market are Philips Healthcare, AirSep Corporation, Invacare Corporation, Drive DeVilbiss Healthcare, Medtronic plc, ResMed, Chart Industries, Inc., Nidek Medical Products, Inc., Inogen, Precision Medical, Inc., GCE Group, Besco Medical Limited, O2 Concepts, LLC, Teijin Limited, and OSI - Oxygen Solutions Inc.

Regional Analysis

The global medical oxygen concentrators market has been categorized on the basis of region into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. Based on region, the Americas is expected to dominate the market over the forecast period due to the presence of favorable government initiatives, reimbursement policies, and major market participants developed home healthcare care services and higher adoption of portable oxygen concentrators for homecare needs. Higher value contributors based in the US are Philips Healthcare, Invacare Corporation, AirSep Corporation, ResMed, and Precision Medical, Inc. In addition, government initiatives including the presence of the Federal Aviation Administration (FAA), which authorize the use of portable concentrators during air travel are promoting the dominance of the Americas.

Europe would follow the Americas in terms of revenue over the forecast period as the German government has been undertaking several initiatives to reduce pollution levels in the country and promote public health. In November 2018, the German government unveiled a 5-point plan to reduce plastic waste.

The market in Asia-Pacific would showcase comparatively higher CAGR during the forecast period. This is owing to rising prevalence of COPD and asthma, increasing spending on healthcare, growing awareness about state-of-the-art technologies in an oxygen concentrator, rising adoption of portable units, growth in disposable income, and changing diet pattern and lifestyle resulting in the development of diseases. As per data published in The Lancet journal, in 2016, the prevalence of COPD in India was 4·2% and the prevalence of asthma 2·9%. India has a higher prevalence of COPD than the global average, as well as more disability-adjusted life-years (DALYs) per person with COPD or asthma than the global average.

The Middle East & Africa has the least share of the global medical oxygen concentrators market. In addition, the major market share of the region would be held by the Middle Eastern region due to developing healthcare system and medical infrastructure in the Arab countries.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/medical-oxygen-concentrators-market-7876

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url 2018-05-25 11:17
Global Medical Oxygen Concentrators Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2024

Global Medical Oxygen Concentrators Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2024

 

 

Global Medical Oxygen Concentrators Market: By Product Type (Portable Oxygen Concentrators and Stationary Oxygen Concentrators), By Technology (Pulse Dose Oxygen Concentrators and Continuous Flow Oxygen Concentrators), By Application (COPD, Asthma, Cystic Fibrosis, Pneumonia, and Others), By End User (Hospitals, Clinics, Ambulatory Surgical Centers (ASC), Homecare, and Travel Agents), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2024

 

 

Global Medical Oxygen Concentrators Market Report Description:

 

The global medical oxygen concentrators market report gives a comprehensive outlook on medical oxygen concentrators devices across the globe with special emphasis on key regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa (MEA). The report on medical oxygen concentrators market gives historical, current, and future market sizes (U      S$ Mn) on the basis of product type, technology, application, end user, and geographic regions. This report studies medical oxygen concentrators market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the medical oxygen concentrators market report includes technology advancements; regulatory scenario and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed medical oxygen concentrators market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the medical oxygen concentrators market report include suppliers, manufacturers, marketers, policymakers, and healthcare service providers engaged in manufacturing, supply and usage of medical oxygen concentrators.

 

       A sample of this report is available upon request @

https://www.precisionbusinessinsights.com/market-reports/global-medical-oxygen-concentrators-market/#ulp-4H8Z4LpNMLEuOnnx

 

 

Global Medical Oxygen Concentrators Market:

 

Global medical oxygen concentrators market estimated to be valued US$ 1014 Mn in 2017 and poised to grow at CAGR of 8.5% over 2017-2024. The market for medical oxygen concentrators projected to reach US$ 1658 Mn by 2023 owing to growing geriatric population, the incidence of various respiratory disorders, and technology advances in oxygen concentrators.

 

Technology advances in oxygen concentrators driving the market revenue growth across the geographies

 

Players in the oxygen concentrators market increasingly shifting focus from mere offering cost-effective products to value-based products to improve the usability of the devices by the consumers. In this regard, players came up with oxygen concentrators with features like compact and lighter weight devices with variable oxygen supply capacity to address the growing consumer demand. The advances in product development likely to impact oxygen concentrators market growth positively over the forecast period. Moreover, several oxygen concentrators are available with different flow rate such as continuous and pulse flow devices, which are digitally monitored to help in the improved usability in across patient groups in hospital and homecare setups, which are advancing medical oxygen concentrators market revenue growth across the globe.

 

  To view TOC of this report is available upon request @

https://www.precisionbusinessinsights.com/market-reports/global-medical-oxygen-concentrators-market/#ulp-c654SbFYO64MsOhu

 

Favorable patient dynamics likely to create favourable growth opportunities for the players

 

The growing ageing populations, who are vulnerable to several respiratory diseases, are expected to drive the market revenue growth over the forecast period. For Instance, in 2016, according to World Bank population statistics, population ages 65 and above is estimated to be around 8.5% of total population and projected to grow geriatric population over the forecast period, which in turn affect the market growth positively. Moreover, Chronic Obstructive Pulmonary Disease (COPD) patients are increasingly adopting oxygen concentrators for COPD management; this would drive the market revenue growth. For instance, in 2015, according to WHO, COPD estimated to cause three million deaths globally. In addition, growing consumptions of cigarettes, marijuana, and rising air pollution causing respiratory diseases, this, in turn, propels the adoption of oxygen concentrators across the patient groups.

 

 

 

North America market led the global medical oxygen concentrators demand

 

North America market leads the global medical oxygen concentrators market and projected to remain dominant over the forecast period owing to favourable reimbursement policies, well-developed homecare services in the region. Asia-pacific medical oxygen concentrators market projected to grow at significant CAGR over the forecast period owing to large patient population and increasing incidence of various respiratory diseases in the region.

 

Need more information about this report @

https://www.precisionbusinessinsights.com/market-reports/global-medical-oxygen-concentrators-market/#ulp-14mlyhjMGhVjZqa3

 

 

Competition Assessment

 

Key players profiles in the global Medical Oxygen Concentrators market include:

  • Chart Industries, Inc. (U.S.)
  • Medtronic plc. (U.S)
  • DeVilbiss Healthcare LLC (U.S)
  • GCE Group (Sweden)
  • Inogen (U.S)
  • Invacare Corporation (U.S)
  • Koninklijke Philips N.V. (Netherlands)
  • Linde Healthcare (Germany)
  • Nidek Medical products, Inc. (U.S)
  • O2 Concepts, LLC (U.S)
  • Oxus America (U.S)
  • Oxygen to Go, LLC (U.S)
  • Teijin Limited (Japan)

Players in the medical oxygen concentrators market are focusing on introducing technologically advanced products with improved safety features to garner larger market share. For instance, in 2016, GCE Healthcare launched Zen-O Lite, a lightweight portable oxygen concentrator that helps people with respiratory diseases to stay active.

 

 

 

 

 

Key Findings of the Report:

 

  • medical oxygen concentrators market expanding at 8.5% CAGR over 2017 to 2024 to reach market value of US$ 1658 Mn by 2024
  • Based on product type, portable oxygen concentrators accounted for larger market revenue share in 2016 owing to growing lightweight oxygen concentrators introduction in the market
  • Pulse Dose Oxygen Concentrators growing with significant growth rate owing increasing prevalence of various respiratory diseases
  • Homecare accounted larger revenue share in the global market and expected to remain attractive over the forecast period
  • Players focusing on launching technologically advanced products to retain market position in global medical oxygen concentrators market.

Key Features of the Report:

 

  • The report provides granular level information about the market size, regional market share, historic market (2012-2016) and forecast (2017-2024)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

 

 

Get access to full summary @

 https://www.precisionbusinessinsights.com/market-reports/global-medical-oxygen-concentrators-market/

About Precision Business Insights

 

Precision Business Insights is one of the leading market research and business consulting firm, the clients. We adopt and implement proven research methodologies to achieve better results. We help our clients by providing actionable insights and strategies to make better decisions. We provide consulting, syndicated and customised which follow a holistic approach to solve needs of market research services based on our client needs.

 

Precision Business Insights mission is to provide high-quality market research reports and generate key insights to our clients. PBI’s approachable strategies are to help clients to make key decisions for business growth.

 

Precision Business Insights vision is to become most valued partner to fortune 500 companies by providing agile, accurate, and actionable market insights

 

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Website @ https://www.precisionbusinessinsights.com

 

 

Source: A sample of this report is available upon request @ www.precisionbusinessinsights.com/market-reports/global-medical-oxygen-concentrators-market
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