Homecare Oxygen Concentrators Market : 2018 Prominent Players | Precision Medical, Inc, Besco Medical Co, Air Water Inc., Yuwell, Longifian Scitech Co, BOC Healthcare, Chart Industries, Drive DeVilbiss Healthcare Inc., Inogen Inc, Inova Labs, Invacare Cor

Homecare Oxygen Concentrators Market to exceed USD 1.5 billion by 2023 as per a new research report.
Government initiatives to reduce global respiratory disease burden and encouragement for increasing usage of oxygen concentrators will drive industry growth over the forecast timeframe. Increased healthcare expenditure should fuel global homecare oxygen concentrators market growth.

Increasing adoption of unhealthy habits such as cigarette smoking and rising pollution lead to several respiratory ailments. Thus, stimulating market growth. However, stringent regulations along with time consuming approval process will hinder industry growth over the forecast period.

Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/1205

Soaring number of geriatric population, who are more prone to suffer from respiratory diseases such as COPD will fuel market growth over the forecast period. Favorable reimbursement policies such as Medicare should propel market growth
Portable home oxygen concentrators market held largest revenue share in 2015 due to availability of easy operative and portable home oxygen cylinders. Being cost effective home oxygen concentrators offer complete independence from hospital environment. Growing demand for home healthcare medical devices should propel growth of market over the coming years.

Liquid oxygen market will grow significantly during the forecast period owing to low cost associated with liquid oxygen systems and reduced consumption of electricity. Furthermore, high oxygen carrying capacity of this system and lighter weight should propel market growth . Increasing adoption of liquid oxygen system in homecare setting will stimulate market growth over the forecast timeline.

U.S. homecare oxygen concentrators market dominated the industry in 2015 due to increasing geriatric base in the country along with growth of home healthcare sector. Adoption of cutting-edge technologies, increasing prevalence of respiratory disease coupled with favorable reimbursement policies will boost the market.

Presence of organizations such as The British Thoracic Society (BTS) and rapid new product developments will drive UK homecare oxygen concentrators market. Advancements in healthcare infrastructure and increasing number of people suffering from respiratory ailments will foster market growth.

Make Inquiry about this report @ https://www.gminsights.com/inquiry-before-buying/1205

China homecare oxygen concentrators market should grow at robust CAGR due to increasing incidences of COPD and high unmet medical needs prevailing in the country. Use of biomass fuels and unhealthy habits such as tobacco smoking are leading to growth of respiratory disease burden. Increasing geriatric population base in China, developing healthcare infrastructure and increasing healthcare spending should propel market.

Some industry players are Besco Medical, Yuwell, BOC Healthcare, Drive DeVilbiss Healthcare, Inova Labs, NIDEK Medical Products, Philips Healthcare, Precision Medical, Air Water, Longfian Scitech, Chart Industries, Inogen, Invacare Corporation, O2 Concepts and Teijin.

Key industry players are consolidating their market position by increasing their focus on research activities to develop new innovative and advanced oxygen concentrators. Initiation of U.S. FDA Safety & Innovation Act has stimulated entry of new entrants with advanced products. Thus, up surging industry rivalry.

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.

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

This release was published on openPR.