Press release
Medical Oxygen Concentrators Market Technology Growth, Application over Globe and Key Players Like Chart Industries (AirSep), DeVilbiss Healthcare GmbH (Drive DeVilbiss International), Inogen, Inova Labs (ResMed), Invacare, Koninklijke Philips N.V. Philip
Medical Oxygen Concentrators market will reach USD 2.4 billion by 2024; as per a new research report.
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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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.
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.
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.
Non-home care segment will witness considerable market growth in coming years owing to increasing demand by elderly care centers, nursing homes and hospitals. Home care segment held largest revenue share in 2017, on an account of rising patient preference for home care services & associated benefits offered such as, prevents hospital acquired infections and cost-effective solution. Home healthcare services are tailored to patient?s personal needs and aforementioned benefits offered by home care are factors driving patient preference for home care.
Continuous flow segment held over 52% of industry revenue share in 2017, owing to its greater usage in emergency situations coupled with increasing demand and advances in continuous flow oxygen concentrators.
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.
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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.
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).
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.
Report Content
Chapter 1. Methodology
1.1. Methodology
1.2. Market definitions
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2. Primary
Chapter 2. Executive Summary
2.1. Medical oxygen concentrators industry 360 degree synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Application trends
2.1.4. Technology trends
2.1.5. Regional trends
Chapter 3. Medical Oxygen Concentrators Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.1.1. Government and private institution initiatives worldwide
3.3.1.2. Globally increasing elderly population base prone to COPD
3.3.1.3. Increased spending on healthcare
3.3.1.4. Growing COPD prevalence worldwide
3.3.1.5. Exposure to dust particles and increasing number of cigarette smokers in U.S. and emerging economies
3.3.2. Industry pitfalls & challenges
3.3.2.1. Stringent regulatory landscape
3.4. Growth potential analysis
3.4.1. By product
3.4.2. By application
3.4.3. By technology
3.5. Regulatory landscape
3.5.1. U.S
3.5.2. Europe
3.5.3. China
3.6. Technology landscape
3.7. Porter's analysis
3.8. Competitive landscape, 2017
3.8.1. Company market share analysis
3.8.2. Strategy dashboard
3.9. PESTEL analysis
Chapter 4. Medical Oxygen Concentrators Market, By Product
4.1. Global medical oxygen concentrators market share, by product, 2017 & 2024
4.2. Portable
4.2.1. Market estimates and forecast, by region, 2013 - 2024
4.3. Fixed
4.3.1. Market estimates and forecast, by region, 2013 - 2024
Chapter 5. Medical Oxygen Concentrators Market, By Application
5.1. Global medical oxygen concentrators market share, by application, 2017 & 2024
5.2. Home care
5.2.1. Market estimates and forecast, by region, 2013 - 2024
5.3. Non-Home care
5.3.1. Market estimates and forecast, by region, 2013 - 2024
Complete report titled at https://www.marketstudyreport.com/reports/medical-oxygen-concentrators-market
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