Medical Oxygen Concentrators Market Size, Status, and Precise Outlook- Canon Medical Systems Corporation, Carestream Health Inc., Esaote SpA

The Medical Oxygen Concentrators market is a comprehensive market research report which provides market analysis with a historical & futuristic perspective for the following parameters; market size, revenue, demand, and supply data (as applicable). The report offers a detailed market analysis to provide a 360-degree research study on the global Medical Oxygen Concentrators market. Some of the tools used for this are SWOT, PESTEL, and Porter's 5-forces analysis frameworks. The report includes detailed information on the key trends, market drivers, challenges, regulatory landscape, deployment models, opportunities, future roadmaps, value chains, player profiles, and strategies. The impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for Medical Oxygen Concentrators from 2021 till 2026.

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The global medical oxygen concentrators & oxygen cylinders market is segmented into portable medical oxygen concentrators, stationary medical oxygen concentrators, and oxygen cylinders. The oxygen concentrator is a medical device that concentrates the oxygen from a gas supply by selectively removing nitrogen to supply an oxygen-enriched product gas stream. Oxygen concentrator draws in air from the environment and passes it through molecular sieve beds to concentrate room oxygen to therapeutic levels for delivery to the patient.

Over the next five years, the Medical Oxygen Concentrators market will register a 4.9% CAGR in terms of revenue, the global market size will reach US$ 2871.6 million by 2026.

Top leading Manufacturers Profiled in Medical Oxygen Concentrators Market Report are:

Inogen, NGK Spark Plug, Yuyue Medical, Invacare, Teijin Pharma, Philips, Linde, DeVilbiss Healthcare, ResMed, O2 Concepts, Air Water Group, Omron, Beijing Shenlu, Nidek Medical, Shenyang Canta, GF Health Products, Precision Medical, Daikin, Longfei Group, SysMed

In 2020, North America dominated the global market with a market share of more than 35%. The U.S. signified the highest portion in the North American region largely due to large investment in medical devices research and development and the presence of skilled physicians. Asia Pacific is estimated to advance at the maximum CAGR of around 6.1% in the forecast period due to the high incidence of respiratory ailments. Europe was the next important market mainly due to a high geriatric population and high investment in research and development. The increasing requirement for home healthcare in the European region is also expected to boost the demand for medical oxygen concentrators in the projected timespan.

Market News-

-In August 2019, Inogen acquired New Aera, Inc., a manufacturer, and developer of non-invasive portable ventilators. The company aims to integrate TAV (Tidal Assist Ventilator) technology into its oxygen concentrators to maintain its market position with an advanced portfolio.

-In January 2018, ResMed introduced its branded portable oxygen concentrator, Mobi. The addition of new products will strengthen the firm’s market position and offer a competitive edge.

Global Medical Oxygen Concentrators Market Split by Product Type and Applications:

Market Research Study Focus on these Types:

Portable Medical Oxygen Concentrator
Stationary Medical Oxygen Concentrator

Market Research Study Focus on these Applications:

Home Care
Hospital Care
Outdoor Care
Others

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Regional Analysis for Medical Oxygen Concentrators Market:

For a comprehensive understanding of market dynamics, the global Medical Oxygen Concentrators market is analyzed across key geographies namely the United States, Europe, China, Japan, Southeast Asia, India, Central & South America. Each of these regions is analyzed based on market findings across major countries in these regions for a macro-level understanding of the market.

Global Medical Oxygen Concentrators Market: Competitive Landscape

The Asia Pacific is anticipated to be the most lucrative market during the forecast period. Key factors fueling the regional market growth include the rapidly increasing geriatric population and prevalence of lung disorders. It is estimated that one in every four people in the region will be over 60 years of age by 2050.

The prevalence of respiratory disorders is high in North American countries. According to the Centers for Disease Control and Prevention (CDC) 2017, 1 in every 13 people have asthma in the United States and this prevalence translates to more than 25 million US population. In 2014, 8.1% of Canadians aged 12 and older, roughly 2.4 million people, has reported that they had been diagnosed with asthma, as per Statistics Canada (Ministery of Innovation, Science and Industry). This has thus created a high demand for portable oxygen concentrators for therapies like oxygen therapy.

Frequently Asked Questions about the Medical Oxygen Concentrators market:

– What are the recent developments and government policies?
– What are the top trends in the Medical Oxygen Concentrators market?
– What is the growth rate of the market?
– Which Is the Most potential market segment?
– Which are the top industry players in the Medical Oxygen Concentrators market?
– Which region would offer high growth for vendors in the market?

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