Medical Oxygen Concentrators Market 2018: Study on Eminent Players | Philips Respironics, Inogen, O2 Concepts, Covidien, AirSep, Nidek Medical, DeVilbiss Healthcare and Invacare

Medical Oxygen Concentrators Market will reach USD 2.32 billion by 2023 as per a new research report.

Increasing prevalence of chronic obstructive pulmonary disease (COPD) and rising incidence of respiratory diseases should drive medical oxygen concentrators market over the forecast period. Government initiatives coupled with reimbursement for the portable oxygen concentrators should further fuel medical oxygen concentrators market share.

The increased rate of interrelated activities such as, smoking prevalence further trigger the COPD conditions and increase adoption of medical oxygen concentrators products for treatment. Demand for home oxygen filling devices is growing due to filling options available as per requirement and portability as well as decrease in high recurrence of operational cost associated with provisions of dependent ambulatory cylinder oxygen home delivery systems.

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The regulatory approvals associated with high cost of devices are hindering medical oxygen concentrators market growth.

Portable medical oxygen concentrators are growing at lucrative rate due to benefits associated such as, portability, lightweight, compact, mobility and independent lifestyle is obtained due to portability.

Home care medical oxygen concentrators accounted for largest revenue share due to wide range of advantages offered by home care as it is more cost-effective, provides required amount of oxygen filling according to needs, small and flexibility along with power sources. Moreover, rising prevalence of chronic conditions such as, sarcoidosis, pleural effusion, fibrosis and alveolar damage boost demand for home care medical oxygen concentrators products.

Pulse dose technology is experiencing substantial growth rate owing to the advancements and greater benefits compared to continuous flow technology where continue oxygen flow is not wasted. Furthermore, it delivers fixed increments of oxygen that corresponds to inhalation of patient’s cycle of breathing.

Canada medical oxygen concentrators held largest revenue share owing to increasing prevalence of COPD coupled with favorable reimbursement policies that are aided to ensure wellbeing of patients. As per Canada government, Canadian citizens aged between 35 to 79 has airflow obstructions with severity such incidences propel medical oxygen concentrators market share and increase adoption of products such as, portable and fixed oxygen concentrators.

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Germany medical oxygen concentrators should grow at lucrative rate due to advancement in technology for portable oxygen concentrators and rising demand for light weight and enhanced products as well as prevalence of emphysema and chronic bronchitis is growing. The chronic respiratory diseases should fuel demand and increase adoption of medical oxygen concentrators over the forecast period.

Companies operating in medical oxygen concentrators includes Philips Respironics, Inogen, O2 Concepts, Covidien, AirSep, Nidek Medical, DeVilbiss Healthcare and Invacare.

Companies are consolidating their market position by growing their emphasis on R&D activities for enhanced products that includes portable oxygen concentrators along with advanced technology such as pulse dose flow.

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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