Oxygen Cylinders and Concentrators Market Forecast | Key Players: Chart Industries, Inc., Drive DeVilbiss Healthcare, Inogen, Inova Labs, Invacare Corporation, O2 Concepts, Koninklijke Philips Electronics N.V. Philips

Oxygen cylinders and concentrators market is poised to witness robust growth over the forecast period. Increasing geriatric population base will serve as a high impact rendering factor. The elderly population is at a greater risk of acquiring respiratory disorders such as COPD. Aging leads to decline in effectiveness of defense mechanism of the lung along with weakening of respiratory muscles. Moreover, there is a decrease in peak airflow and the maximum amount of air that can be breathed out after a maximum inhalation.

Rising number of smokers and growing exposure to dust particles will further fuel business growth. Cigarette smoke releases chemicals which are absorbed by lungs leading to tissue and cell damage. Inhalation of dust particles and their consequent settling in the airways may lead to inflammation of the trachea or bronchitis. These factors increase the risk of acquiring respiratory diseases.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2097

Lack of availability of these devices in developing regions hampers industry expansion. Low product availability is often related to cost and lack of infrastructure. Risk of operational hazards due to unsafe or improper storage practices which may result in serious injuries hampering the industry expansion.

Portable devices held significant revenue share in 2016. Increased mobility and independence attributed to its light weight and ease of usage will boost segment growth of oxygen cylinders and concentrators market. Patients prefer cylinders and concentrators which are easy to carry and enable them to perform routine activities easily.

Fixed devices of oxygen cylinders and concentrators market are poised to grow at a lucrative pace over the forecast years. Large and heavy oxygen cylinders are usually used to supply gas through pipeline systems at high pressure for equipment such as anesthetic machines and ventilators. Furthermore, these devices also find applications in industrial settings requiring large amount of gas for various processes.

Browse Full Report Details @ https://www.gminsights.com/toc/detail/oxygen-cylinders-and-concentrators-market

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

 Chart Industries, Inc.
 Drive DeVilbiss Healthcare
 Inogen
 Inova Labs
 Invacare Corporation
 O2 Concepts
 Koninklijke Philips Electronics N.V.
 Philips

Healthcare segment of oxygen cylinders and concentrators market accounted for the largest revenue share in 2016 owing to the large number of patients’ dependent on oxygen. Increasing incidence of respiratory disorders such as COPD, asthma will fuel industry growth over the forecast years. Oxygen concentrators are used to deliver supplementary oxygen to individuals suffering from COPD, chronic hypoxemia and pulmonary edema. They are also used in adjunct treatment for severe sleep apnea. Moreover, oxygen is also required during surgery and intensive care treatment. Increasing number of accidents and fatalities requiring immediate hospitalization and operation along with rising number of surgeries should further propel demand.

Manufacturing will witness significant growth in the coming years. Soaring number of manufacturing units such as metals and metals processing, pulp and paper production, glass making and welding and metal fabrication will stimulate industry expansion.

Increasing number of people opting for sports such as mountaineering and scuba will also augment industry growth. These sports require a steady source of oxygen due to lack of availability of the gas in the environment in which they are performed.

U.S. oxygen cylinders and concentrators market held over 85% of regional revenue share in 2016. Increasing prevalence of respiratory diseases and early diagnosis of these diseases will drive business growth. Presence of developed healthcare infrastructure and growing per capita income of the patient’s will further stimulate industry expansion.


Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2097

India oxygen cylinders and concentrators market will exhibit robust growth over the forecast timeframe. Presence of large elderly population pool susceptible to respiratory disorders rising pollution levels and burning of biomass fuels will aggravate respiratory problems. Growth of manufacturing sector should stimulate demand due to requirement of oxygen in various manufacturing processes. Adventure sports such as scuba diving are rapidly gaining popularity. Rising number of dive centers in the recent years will surge demand for oxygen cylinders and concentrators.

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
Web: https://www.gminsights.com
Blog: http://solutionrocket.com

This release was published on openPR.