Homecare Oxygen Concentrators Market Research Report Scope, Industry Share, Growth Trends, Competitive Landscape, Upcoming Opportunities, Promising Business Strategies Forecast-2025 | With Major key players: AirSep, Yuwell, BOC Healthcare, Covidien, Teiji

Homecare oxygen concentrators market is projected to be around $1.6 billion by 2025. Increasing aging population is one of the major factors responsible for the market growth. According to UN, geriatric population is expected to reach more than 2 billion by 2050. Aging populations is at more risk of developing respiratory infections such as asthma, pulmonary hypertension, and COPD that will boost demand for oxygen concentrators leading to increase in market growth. Increasing spending of people, various government initiatives to spread awareness about disease and increasing geriatric population will stimulate industry growth. Rise in consumption of cigarettes and continuous exposure to dust and other pollutants will shoot up demand for oxygen concentrators as it increases prevalence of COPD. However, presence of strict approval guidelines by U.S. FDA and time consuming process for approval and strict government guidelines for use and disposing of such products will slow down the market growth.

Competitive Insights:
Companies such as Invacare, AirSep, Yuwell, BOC Healthcare, Covidien, Teijin, Precision Medical, Nidek Medical, Drive DeVilbiss Healthcare, and Philips Healthcare dominated the overall market. This market is witnessing entries of many new entrants in each segment, due to introduction of 2012 U.S. FDA Safety and Innovation Act.

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Technology Outlook and Trend Analysis:
Pulse dose technology dominated the overall market in 2016 and is projected to continue its lead over the forecast period. It is the most preferred technology for portable home oxygen concentrators as it is more reliable and safe compared to other technologies. Moreover, the adoption of these concentrators is growing rapidly in homecare settings due to high patient base coupled with rapidly aging population worldwide.

Product Outlook and Trend Analysis:
Portable home oxygen concentrators dominated the global market in 2016. This large share of portable oxygen concentrators can be attributed to various benefits offered such as convenience of usage, light weight as compared to other concentrators, and ability to offer effective care for COPD patients at home. Liquid oxygen concentrators market is projected to be fastest growing segment, as it requires less space to store and is light weight and cost effective. Compressed oxygen cylinders will witness significant growth due to availability of devices in many sizes based on oxygen requirement. However, risk of explosion and heavy weight will cause people to shift towards portable cylinders thereby decreasing the market for compressed cylinders.

Regional Outlook and Trend Analysis:
U.S. dominated the global market in 2016, due to sedentary lifestyle and growing aging population with increasing incidence of respiratory diseases and favorable reimbursement policies in the U.S. Asia-Pacific market is poised to grow at the highest CAGR during the forecast period, due to growing standard of living, more disposable income of individuals and rise in demand better health care services.

Market opportunities:
Global homecare oxygen concentrators market is driven by strategic developments and innovations. This segment has undergone many changes and improvement with the introduction of portable devices. The approval from Federal Aviation Administration for onboard use of portable cylinders opened up many opportunities for key players.

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List of Tables:-
Table 1.Global Homecare Oxygen Concentrators Market, By Product, 2016-2025($Million)
Table 2.Portable Home Oxygen Concentrators Market, By Region 2016-2025($Million)
Table 3.Compressed Gas Oxygen Cylinders Market, By Region, 2016-2025($Million)
Table 3.Liquid Oxygen Concentrators Market, By Region, 2016-2025($Million)
Table 4.Global Homecare Oxygen Concentrators Market, By Technology, 2016-2025($Million)
Table 5.Pulse Dose, By Region, 2016-2025($Million)
Table 6.Continous Flow Market, By Region, 2016-2025($Million)
Table 7.Global Homecare Oxygen Concentrators Market, By Application, 2016-2025($Million)
Table 8.Homecare Settings Market, By Region, 2016-2025($Million)
Table 9.Non-Homecare Settings Market, By Region, 2016-2025($Million)
Table11.NorthAmerica Homecare Oxygen Concentrators Market, By Country, 2016-2025 ($Million)
Table12.North America Homecare Oxygen Concentrators Market, By Product, 2016-2025 ($Million)
Table13.North America Homecare Oxygen Concentrators Market, By Technology, 2016-2025 ($Million)
Table14.North America Homecare Oxygen Concentrators Market, By Application, 2016-2025 ($Million)
Table15.U.S. Homecare Oxygen Concentrators Market, By Product, 2016-2025 ($Million)
Table16.U.S. Homecare Oxygen Concentrators Market, By Technology, 2016-2025 ($Million)
Table17.U.S. Homecare Oxygen Concentrators Market, By Application, 2016-2025 ($Million)
Table 18.Canada Homecare Oxygen Concentrators Market, By Product, 2016-2025 ($Million)
Table 19.Canada Homecare Oxygen Concentrators Market, By Technology, 2016-2025 ($Million)
Table20.Canada Homecare Oxygen Concentrators Market, By Application, 2016-2025 ($Million)

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Data Mining:
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.

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