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Medical Oxygen Market to 2025 - by Usage of Home, Hospital and Traveling - Key Players, Overview, Demand, Forecast, Analysis, Growth Factors and Company Profiles
Medical Oxygen Market
In terms of technology, Medical Oxygen Market pulse flow technology is the most used technology and leads the global market. The pulse flow technology discharges concentrated oxygen only during inhalation that has led its demand. Based on geography, North America led the global market in 2015 and was followed by Europe. The demand for medical oxygen concentrators was high in North America as it can be used for home care needs
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Portable medical oxygen market segment held largest market share of over 51.0% in 2018 and is forecasted to grow at robust pace over the coming years. High revenue share is attributable to increasing demand for portable solutions owing to ease of carrying. Technological advancements such as pressure swing adsorption (PSA) and membrane technology further aids in rapid adoption of portable medical oxygen concentrators.
Additionally, escalating occurrence of COPD and Federal Aviation Administration (FAA) approved advanced portable oxygen concentrators will boost portable medical oxygen concentrators segment growth over the coming years. In the coming years, this region is likely to maintain its dominance in the global market.
Market by Type
- Portable medical oxygen concentrator
- Stationary medical oxygen concentrator
Market by Application
- Home
- Hospital
- Traveling
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Technological innovations in concentrators are further propelling medical oxygen market growth. Key players are developing or modifying products thereby intensifying the competition. Inogen, one of the leading players, has developed oxygen concentrator, Inogen at Home, for enabling ease in breathing for the patients with COPD using stationary concentrators, bronchitis, and other respiratory disorders.
Key Content of Chapters as follows (Including and can be customized)
Part 1: Market Overview, Development, and Segment by Type, Application & Region
Part 2: Global Market by company, Type, Application & Geography
Part 3-4: Asia-Pacific Market by company, Type, Application & Geography
Part 5-6: Europe Market by company, Type, Application & Geography
Part 7-8: North America Market by company, Type, Application & Geography
Part 9-10: South America Market by company, Type, Application & Geography
Part 11-12: Middle East & Africa Market by company, Type, Application & Geography
Part 13: Company information, Sales, Cost, Margin etc.
Part 14: Conclusion
Growing concentration of carbon dioxide, pollution, and other harmful gases in the environment has resulted in high prevalence of asthma and several other respiratory disorders. Large number of geriatric population is also expected to drive the demand in the medical oxygen concentrators market. Rising incidence of respiratory diseases has drawn attention of various companies that are now working on developing advanced and innovative solutions to treat these diseases.
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Some of the other restraining factors are strict regulatory policies in healthcare across the global has also limited the growth prospects for the players. This in turn, has limited the growth opportunity for the market as well. However, growing presence of several diseases such as lung diseases, asthma, fibroses, and allergies and several other respiratory disorders are likely to keep up the demand for oxygen concentrators.
Medical oxygen market type, segments are endoscopy cameras, surgery microscopy cameras, dermatology cameras, ophthalmology oxygen, and dental. The surgery microscopy oxygen segment is expected to grow at highest CAGR during forecast period primarily due to the increasing number of surgeries around the world.
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