Medical Oxygen Concentrators Market is Moving Fast! | Major Key Companies are Corporation, Inogen, Philips Healthcare, ResMed, Invacare, Teijin, Nidek Medical

An analysis of medical oxygen concentrators market has been provided in the latest report introduced by Graphical Research that primarily focuses on the market trends, demand spectrum, and prospects of this industry over the forecast period. Furthermore, the report provides a detailed statistical overview in terms of trends outlining the geographical opportunities and contributions by prominent industry share contenders.

Evidence suggests that oxygen concentrators are not only a cost-effective solution but also a feasible strategy for the administration of oxygen therapy, which can improve the outcomes of multiple patients when used appropriately. These devices can be successfully deployed to reduce the rate of mortality associated with hypoxaemia, especially across resource-limited settings.

The following six trend shave been functioning as major influencers of the medical oxygen concentrators industry outlook:

North America sees growing adoption of fixed medical oxygen concentrators

The North American market for medical oxygen concentrators has been expanding continuously as the adoption rate of fixed medical oxygen concentrators in the region has been escalating. During 2017, the segment was estimated at $257 million and is likely to present a considerable growth in terms of revenue generation.

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Fixed medical oxygen concentrators can ensure higher oxygen output, which is essential in the wake of the rising incidence of chronic diseases and viral infections. These products are also cost-efficient when compared with portable medical oxygen concentrators. As a result, they are being leveraged for managing and treating serious conditions including heart failure, trauma, pneumonia, asthma, and for maternal & childcare in the North America medical oxygen concentrators market.

Growing approval of continuous flow medical oxygen concentrators

The continuous flow medical oxygen concentrators have been gaining momentum of late, thanks to the higher availability of these devices across hospitals. Emergency departments of hospitals find these medical oxygen concentrators highly convenient as they are light weight and efficient.

During 2017, the segment held a share of nearly 52% of the total North America medical oxygen concentrators industry forecast. As these medical oxygen concentrators can offer an uninterrupted supply of oxygen for as up to an hour, the demand for the latest two-battery designs has been rising.

Increased prevalence of chronic conditions in the U.S.

The U.S. market for medical oxygen concentrators appears to be ripe with considerable opportunities for expansion over the next few years. Due to the COVID-19 pandemic, a considerable chunk of the U.S. residents is being hospitalized and have been requiring respiratory support.

The growing incidence of chronic conditions such as pulmonary heart disease, hypertension, asthma, chronic obstructive pulmonary disorder (COPD), and respiratory ailments in the U.S. has led to a higher necessity for reliable oxygen supply for patients across healthcare facilities. This will fuel the North America medical oxygen concentrators market size.

Homecare medical oxygen concentrators use in Europe

The higher level of comfort accompanying the usage of homecare medical oxygen concentrators has been eliciting more demand for these devices. The revenue from the segment in Europe market is expected to rise at an 8.7% CAGR through the forecast timeframe, thanks to the possibility of a faster recovery.

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The Europe medical oxygen concentrators market is set to amass a considerable revenue, supported by the requirement to stay at home to avoid the risk of COVIDS-19 contagion. Numerous elderly patients, pregnant mothers, and parents to pediatric patients have been seeking home care facilities due to the benefits associated with them.

Surging use of portable medical oxygen concentrators in Asia Pacific

The portable medical oxygen concentrators segment in Asia Pacific industry generated over $145 million during 2017 and has been making a significant headway in terms of demand in the COVID times. The compact sizes, improved battery lives, and enhanced affordability of the latest range of products introduced by the leading market players have been resulting in higher use of these devices in Asian countries.

Portable medical oxygen concentrators are handy tools in times of patient emergencies. They can provide long term support to patients who do not require consistent and deliberate medical monitoring and assistance. The APAC medical oxygen concentrators market size is slated to expand with the launch of innovative products. For instance, the portable ventilator and air purifier that doubles as an oxygen concentrator launched by the New Delhi, India-based company Exalta in October 2020.

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Intensifying degree of air pollution in India

The intensified degree of air pollution across the major metropolitan cities in Asia has been resulting in higher incidence of respiratory diseases. The high paced urbanization across countries such as India has proved to be detrimental to the health of the citizens.

As per the findings of a survey by Ipsos, air pollution was found to be the leading environmental concern in the region. Poor air quality can have negative impact on an individual’s health, resulting in respiratory illnesses, increased morbidity, and shortened life expectancy.

Moreover, the recent outbreak of the coronavirus has raised numerous concerns pertaining to air quality and respiratory issues. The number of patients suffering from bronchitis, asthma, COPD, heart attacks, and other cardiovascular disorders has been surging throughout the region, fostering the demand for these medical devices.

Some leading manufacturers of medical oxygen concentrators in the global market are Inogen, Philips, Nidek Medical, Invacare, GCE Group, Drive Devilbiss, and ResMed.

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