Press release
Medical Oxygen Concentrators Market Is Predicted to Be Valued at US$2.41 Bn by 2024
The global market for medical oxygen concentrators is mainly fuelled by the growing prevalence of COPD globally. The swift rise in the patient pool ailing from other lung diseases such as smoking-related lung conditions, asthma, and lung cancer is leading to an increasing demand for oxygen supply units. Oxygen supply units such as medical oxygen concentrators display widespread demand due to advantages of portability and uninterrupted oxygen supply. In addition, favorable government policies area also boosting the uptake of medical oxygen concentrators.
On the other hand, however, a large number of oxygen concentrators that have continuous flow technology mechanism account for huge wastage of energy and oxygen even when not in use. Furthermore, the high cost of portable oxygen concentrators is limiting their adoption in emerging economies.
Request Brochure Copy of the Report @
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3998
The global market for medical oxygen concentrators is predicted to be valued at US$2.41 bn by 2024, expanding at a CAGR of 8.5% between 2016 and 2024. The market was valued at US$1.25 bn in 2016.
Portable Medical Oxygen Concentrators to Continue to Remain Attractive
The report studies the medical oxygen concentrators market based on a few parameters, viz. modality, technology, end-user, and geography. Depending on modality, this market is bifurcated into portable and stationary. In 2015, portable oxygen concentrators displayed the leading demand due to attributes of easy to carry, light weight, small size, and function on rechargeable lithium batteries. Portable oxygen concentrators can be used for individuals of any age without disrupting their everyday activities. Due to several advantages of portable oxygen concentrators, they are likely to acquire the leading market share over the forecast period. Stationary oxygen concentrators, on the other hand, operate on alternating current and are suitable to be used while at home.
Request Sample Copy of the Report @
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3998
By technology, continuous flow technology and pulse flow technology are the segments into which the medical oxygen concentrators market is divided. Vis-à-vis growth rate, pulse flow technology currently leads the medical oxygen concentrators market. This is because pulse flow technology discharges concentrated oxygen only during inhalation. As such, continuous working of oxygen concentrators is not required which helps save considerable power. By end user, home care, hospitals, and ambulatory surgical centers are the key segments into which the medical oxygen concentrators market is divided. Among them, the home care segment currently accounts for the leading revenue contribution to the overall market.
Ultra-modern Healthcare Facilities and High Awareness among Patients Make North America Dominant
Geography-wise, the global market for medical oxygen concentrators could be segmented into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America. Vis-à-vis volume, North America displayed the leading demand for medical oxygen concentrators in 2015 due to significant use of portable oxygen concentrators for home care needs. In the years ahead too, the region is likely to continue to hold dominance. Europe is the second-leading market owing to substantial awareness among consumers regarding advantages of oxygen concentrators over their conventional counterparts.
Asia Pacific and Latin America collectively held 31.4% share in the global medical oxygen concentrators market in 2015, and are perceived as high potential regions due to unmet medical demand.
Request For Discount On This Report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=3998
Leading players in the global medical oxygen concentrators market include Chart Industries Inc., Invacare Corporation, Resmed Inc., Precision Medical Inc., O2 Concepts LLC, Inogen Inc., Koninklijke Philips N.V., Drive DeVilbiss Healthcare LLC, Besco Medical Co.Ltd., and GCE Group.
More Trending Reports by Transparency Market Research:
Human Growth Hormone Market:
https://www.prnewswire.com/news-releases/human-growth-hormone-market-to-reach-us-52615-million-by-2026-globally-transparency-market-research-670658093.html
Topical Pain Management Therapeutics in Sports Medicine Market:
https://www.prnewswire.com/news-releases/topical-pain-management-therapeutics-in-sports-medicine-market-to-reach-us297-bn-by-2025-globally-transparency-market-research-670500703.html
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Medical Oxygen Concentrators Market Is Predicted to Be Valued at US$2.41 Bn by 2024 here
News-ID: 1008424 • Views: …
More Releases from Transparency Market Research
Global SiC Ceramics Market Poised for Robust Growth, Projected to Reach USD 3.1 …
The global silicon carbide (SiC) ceramics market continues to demonstrate strong growth potential, underpinned by accelerating demand from advanced industrial and electronic applications. Valued at US$ 1.8 Billion in 2024, the market is projected to reach US$ 3.1 Billion by 2035, expanding at a compound annual growth rate (CAGR) of 5.2% during the forecast period from 2025 to 2035. This steady expansion reflects the increasing importance of SiC ceramics as…
Furfuryl Alcohol Market to Reach USD 1.34 Billion by 2035, Supported by Rising D …
The global Furfuryl Alcohol Market was valued at US$ 624.3 million in 2024 and is projected to reach US$ 1,341.2 million by 2035, expanding at a compound annual growth rate (CAGR) of 7.2% from 2025 to 2035.
This growth is primarily driven by the rising demand for bio-based and sustainable chemicals, along with the steady expansion of the foundry and metal casting industry, particularly across emerging economies in Asia Pacific.
Gain a…
Air-Entraining Agents Market Outlook 2035: Forecast to Reach US$ 2.48 Billion by …
The global Air-Entraining Agents (AEAs) Market was valued at US$ 1.70 billion in 2024 and is projected to reach US$ 2.48 billion by 2035, expanding at a compound annual growth rate (CAGR) of 3.5% from 2025 to 2035. This steady growth trajectory reflects the essential role AEAs play in modern concrete formulations, particularly in infrastructure projects that demand long-term durability, freeze-thaw resistance, and improved workability.
Despite being a mature segment within…
A2P SMS Market Outlook 2035: Expanding from US$ 71.2 Bn in 2024 to US$ 117.0 Bn …
The global Application-to-Person (A2P) SMS market is entering a phase of steady and resilient expansion, driven by the growing need for secure, reliable, and real-time communication between enterprises and consumers. Valued at US$ 71.2 Bn in 2024, the market is projected to reach US$ 117.0 Bn by 2035, expanding at a CAGR of 4.2% from 2025 to 2035. Despite the rise of internet-based messaging platforms, A2P SMS continues to maintain…
More Releases for Medical
ECG Analysis System Market Research Report 2022 - GE Medical, Medical Econet, Gr …
A recent market research report added to repository of MR Accuracy Reports is an in-depth analysis of global ECG Analysis System. On the basis of historic growth analysis and current scenario of ECG Analysis System place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent…
ECG Analysis System Market Outlook: 2020 The Year On A Positive Note | GE Medica …
DataIntelo report titled Global ECG Analysis System Market provides detailed information and overview about the key influential factors required to make well informed business decision. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of…
Medical Tracheostomy Tube Market Overall Study Report 2020-2027 | Players Medtro …
The latest report added by Stratagem Market Insights gives deep insights into the drivers and restraints in the Worldwide Medical Tracheostomy Tube Market. The research report "Global Medical Tracheostomy Tube Market Size and Growth Forecast to 2027" provide a comprehensive take on the overall market. Analysts have carefully evaluated the milestones achieved by the global Medical Tracheostomy Tube market and the current trends that are likely to shape its future.…
Global Embolization Particle Market 2019 - Sirtex Medical, Merit Medical, Cook M …
The global "Embolization Particle Market" report delivers a comprehensive and systematic framework of the Embolization Particle market at a global level that includes all the key aspects related to it. The data is collected from different sources allied to the global Embolization Particle market and the research team meticulously analyze the gathered data with the help of various analytical tools and present their opinion based on analysis and calculations. The…
Medical Casting & Splinting Market 2019: Top Key players are 3M, DJO Global, BSN …
Medical Casting & Splinting Market 2019 Report analyses the industry status, size, share, trends, growth opportunity, competition landscape and forecast to 2025. This report also provides data on patterns, improvements, target business sectors, limits and advancements. Furthermore, this research report categorizes the market by companies, region, type and end-use industry.
Get Sample Copy of this Report@ https://www.researchreportsworld.com/enquiry/request-sample/13718924
Global Medical Casting & Splinting market 2019 research provides a basic overview of…
Global Oxygen Pressure Regulator Market 2017 : Precision Medical, Smiths Medical …
Oxygen Pressure Regulator
A market study based on the " Oxygen Pressure Regulator Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Oxygen Pressure Regulator Market 2017’. The research report analyses the historical as well as present performance of the worldwide Oxygen Pressure Regulator industry, and makes predictions on the future status of Oxygen Pressure Regulator market on the basis of this analysis.
Get Free…
