Medical Oxygen Systems Market 2018 - Cryofab Inc, Respironics, Inc., Medtronic, Atlas Copco, Terumo Medical Corporation, Keen Compressed Gas Co, Inogen Inc, GF Health Products

The growing consumer awareness for oxygen therapy devices, investments by manufacturers for the production of homecare products and adoption of innovative technologies is expected to rise the global medical oxygen systems market. According to the Centers of Disease Control and Prevention statistics in 2017, around 1.9 million physician office and outpatient visits are recorded with the people suffering from heart disease in the U.S. North America is expected to dominate the global medical oxygen systems market owing to increasing prevalence of COPD, changing consumer lifestyles, increased government expenditures for research and development on cost-effective oxygen devices. The innovative portable and ultra-light oxygen concentrator separates nitrogen and oxygen from the environmental air providing 95% pure oxygen to patients. Portable oxygen concentrators are largely used by travelers and mountaineers in regions of inadequate oxygen supply, thereby fueling growth of the medical oxygen systems market.

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Manufacturers are working hard to build compact, lighter cost effective devices that provide greater patient mobility like rolling two wheel oxygen tank cylinder. For instance, Inogen offers oxygen concentrator designed for the use of patients at home which provides ideal flow settings and energy efficient systems providing less energy than the standard market stationary concentrators. Also, Ceodeux Meditec innovation focuses on improving patient outcomes by collaborating with university partners, thereby providing custom medical gas solutions, and revolutionary cartridge technology offering low-level maintenance. For instance, the launch of compact and ultra-precise medical gas regulator MINIOX in 2017, ideal for hospital and homecare respiratory therapy.

According to the World Health Organization estimates in 2016, an expected 3 million deaths were caused by chronic obstructive pulmonary disease in 2015 contributing a total 5% of all deaths globally in the given year. The study by WHO also states that around 65 million people have moderate to severe chronic obstructive pulmonary disease (COPD) characterized by persistent reduction of air flow leading to breathlessness, mainly caused due to frequent respiratory infections from childhood, outdoor air pollution and presence of occupational chemicals like irritants, fumes and vapors.

The rising birth defects results in abnormal development of fetus, growth retardation and functional disorders. According to the Centers of Disease Control and Prevention statistics, approximately 1.5 million babies were born with birth defects, with about one quarter primary consultations related to respiratory complaints. Artificial ventilation or breathing strategy through medical oxygen systems increases the chances of survival for the babies suffering from newborn respiratory distress syndrome, cyanosis and broncho-pulmonary dysplasia.

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Detailed Segmentation:

Global Medical Oxygen Systems Market, By Product Type:
Compressed Oxygen Cylinder
Oxygen Concentrator
Liquid Oxygen System
Global Medical Oxygen Systems Market, By Modality:
Portable Oxygen Cylinder
Stationary/ Standalone Oxygen System
Global Medical Oxygen Systems Market, By End User:
Hospitals
Emergency Medical Centers
Ambulatory Surgical Centers
Home Care Settings
Others

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