Comprehensive analysis on Medical Oxygen Concentrators Market| Key Players are Chart Industries (AirSep), DeVilbiss Healthcare GmbH, Inogen, Inova Labs (ResMed), Invacare, Koninklijke Philips N.V. Philips Healthcare, NIDEK Medical Products

Market Study Report adds global Medical Oxygen Concentrators market report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, companies active in the industry and forecasts for the coming years.

Prominent industry players are Chart Industries (AirSep), DeVilbiss Healthcare GmbH (Drive DeVilbiss International), Inogen, Inova Labs (ResMed), Invacare, Koninklijke Philips N.V. Philips Healthcare, NIDEK Medical Products, O2 Concepts, Teijin Limited, Yuwell (Jiangsu Yuyue Medical Equipment & Supply).

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U.S. medical oxygen concentrators size was USD 464 million in 2017 and is anticipated to exhibit similar trend in forthcoming years due to increasing elderly population susceptible to chronic conditions such as, asthma and COPD coupled with favorable reimbursement policy structure. Moreover, increasing pollution and changing lifestyle habits such as cigarette smoking is further anticipated to contribute in growing prevalence of respiratory diseases thus propelling industry growth.

Medical Oxygen Concentrators market will reach USD 2.4 billion by 2024; as per a new research report.

Surging number of cigarette smokers coupled with increasing elderly population base prone to chronic obstructive pulmonary disease (COPD) and supportive initiatives by private institutions and government are factors driving medical oxygen concentrators market growth. Escalating incidence of COPD and technological advancements that aid to provide enhanced oxygen concentrators further propels industry growth.

Emphasizing on enhancing patient?s quality of life coupled with increasing healthcare expenditure and rising levels of air pollution are factors rendering positive impact on medical oxygen concentrators market. Air pollution and high exposure to dust particles increases the risk of acquiring COPD; such factors are anticipated to boost business growth over the forecast timeline.
Presence of favorable reimbursement policy structure providing coverage for oxygen concentrators and funding for R&D activities focusing on oxygen concentrators are factors paving growth path for medical oxygen concentrators. Stringent regulatory scenario and associated guidelines is projected to impede industry growth.

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Fixed medical oxygen concentrators will grow at 8% owing to higher oxygen output provided and availability at low cost. Whereas, portable segment accounted for largest revenue share in 2017, due to associated advantages that consists of compact size, more convenience offered and easy to carry.
Growing prevalence of COPD along with changing lifestyle that include surging adoption of unhealthy food intake are factors driving Germany?s oxygen concentrators market growth. increasing number of tobacco smokers? that upsurges risk of respiratory diseases fuels demand for oxygen concentrators in Germany.

Japan held more than 40% of regional market share in 2017 owing to rising prevalence of chronic diseases and growing elderly population. Furthermore, presence of robust healthcare insurance system as well as developed healthcare infrastructure are aspects boosting business growth in Japan.
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.

Table of Content:

Chapter 1. Methodology

Chapter 2. Executive Summary

Chapter 3. Medical Oxygen Concentrators Industry Insights

Chapter 4. Medical Oxygen Concentrators Market, By Product

Chapter 5. Medical Oxygen Concentrators Market, By Application

Chapter 6. Medical Oxygen Concentrators Market, By Technology

Chapter 7. Medical Oxygen Concentrators Market, By Region

Chapter 8. Company Profiles

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