Medical Oxygen Concentrators Market trends research and projections for 2019-2025
Category: #health  By Rahul Varpe  Date: 2020-04-24
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 Medical Oxygen Concentrators Market trends research and projections for 2019-2025

Medical Oxygen Concentrators Market will reach USD 2.6 billion by 2025; as per a new research report.

Growing emphasis on enhancing patient's quality of life coupled with increasing healthcare expenditure in emerging countries will positively impact medical oxygen concentrators business growth. In addition, numerous developed and developing countries are facing rising levels of air pollution. Air pollution and high exposure to dust particles increases the risk of acquiring COPD. Thus, such factors are will increase the adoption of medical oxygen concentrators over the forecast timeframe.

Availability of favorable reimbursement policy structure providing coverage for medical oxygen concentrators will augment the demand for medical oxygen concentrators. Additionally, growing funding for R&D activities for advancing medical oxygen concentrators will offer lucrative market growth potential over the coming period. However, stringent regulatory scenario and associated guidelines may impede medical oxygen concentrators industry growth.

Fixed medical oxygen concentrators market will grow at more than 5.5% CAGR during the projected timeframe. High growth is attributed to high oxygen output along with higher affordability of the product. Portable segment accounted for significant revenue share in 2018, due to associated advantages such as compact size, more convenience and ease of handling that will augment portable medical oxygen concentrators market throughout the forthcoming years.

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Non-home care medical oxygen concentrators segment accounted for USD 520.0 million revenue size in 2018. Increasing demand by elderly care centers, nursing homes and hospitals will stimulate increase in segmental share. Moreover, growing geriatric patient pool in countries such as U.S., China and India will boost non-home care medical oxygen concentrators market growth in the foreseeable future.

Continuous flow technology segment held over 51% of medical oxygen concentrators industry revenue share in 2018. High segmental share is due to greater adoption continuous flow technological products in emergency situations. Furthermore, growing demand and continuous advancements in continuous flow medical oxygen concentrators will impel the segmental growth over the forecast years.

U.S. medical oxygen concentrators market was valued at USD 519.7 million in 2018 and is forecasted to witness similar trend throughout the forthcoming years owing to increasing elderly population susceptible to chronic conditions such as, asthma and COPD. As per Population Reference Bureau, the number of American aged 65 years and above is estimated to double by 2060 with more than 98 million elderly people in the country. In addition, presence of favorable reimbursements and rapid adoption of technologically advanced products will spur U.S. medical oxygen concentrators industry growth.

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Japan medical oxygen concentrators business held more than 39% of Asia Pacific medical oxygen concentrators market share in 2018. Rising prevalence of chronic diseases owing to increasing air pollution levels will highly impact demand for medical oxygen concentrators in the country. Also, presence of robust healthcare insurance system as well as developed healthcare infrastructure will offer attractive opportunity for Japan medical oxygen concentrators industry growth in the upcoming years.

Few of the major industry players involved in global medical oxygen concentrators market are Chart Industries (AirSep), DeVilbiss Healthcare GmbH (Drive DeVilbiss International), Inogen among other market players. Key business players are increasing their focus on R&D activities to launch enhanced oxygen concentrators. Additionally, these business players emphasize more on strategic acquisitions as well as implementing advanced technology in oxygen concentrators for delivering effective solutions to patients with respiratory diseases to enhance their revenue share in the medical oxygen concentrators market.



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Rahul Varpe

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Rahul Varpe

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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