Innovative Report on Medical Oxygen Concentrators Market with Global Innovations, Competitive Analysis, New Business Developments and Top Companies – Global Forecast to 2026

An oxygen concentrator is a medical device utilized for supplying oxygen to individuals with disorders related to breathing. A physician prescribes a flow or setting to address the patient's respiratory condition. An increasing number of people suffer from various heart, lung, and other respiratory diseases who require supplemental oxygen therapy at home when traveling or while participating in daily activities away from home. Therefore, there is a high demand for these devices. Thus, the medical oxygen concentrators market is predicted to grow with a CAGR of 8.9% during the forecast period.

The global medical oxygen concentrators market is primarily driven by soaring respiratory diseases such as asthma, COPD, and cystic fibrosis. The major reason for the upsurge in these diseases is the polluted air typically caused by smoking tobacco, toxic particles, fumes, and allergens. According to the WHO, each year, globally, more than 65 million people suffer from Chronic Obstructive Pulmonary Diseases (COPD), and more than 3 million people die from it. Moreover, Asthma is the most widespread chronic disease among children worldwide. More than 339 million people live with asthma, and over 80% of asthma-related deaths occur in low-and lower-middle-income countries.

The Centers for Disease Control and Prevention (CDC) also encourages the 36 health departments in the National Asthma Control Program (NACP) to implement school-based asthma interventions on a larger scale. The program has enhanced asthma treatment, management, and control in the U.S. CDC's funded programs have upgraded the quality of asthma care, advanced asthma management in schools, and fostered policies to reduce air pollution.

Asia-Pacific is estimated to be the fast-growing region due to the high prevalence of COPD and the increasing number of asthmatic & allergic rhinitis patients. R&D activities by key market players to develop novel respiratory devices are also expected to facilitate the Asia-Pacific region's growth. Moreover, favorable government reimbursement plans and growing healthcare awareness levels are also key growth contributors across this region.

In the challenging situation of the COVID-19 pandemic, the APAAACI team also participated in providing education and awareness to keep the people up to date about the disease's know-how. Such initiatives are expected to boost the market demand for respiratory drug delivery devices in developing regions, thereby raising the overall market growth.

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The Major Players Covered in this Report:
Koninklijke Philips N.V. (Netherlands)
Chart Industries, Inc. (US)
Invacare Corporation (US)
DeVilbiss Healthcare LLC (US)
Nidek Medical (India)
Inogen (US)
O2 Concepts (US)
Teijin Limited (Japan)
Supera Anesthesia Innovations (US)
GCE Group (Sweden), & More...

By Product
Portable
Stationary

By Technology
Continuous Flow
Pulse Flow

By End-User
Home Care Settings
Hospitals
Ambulatory Surgical Centers
Others

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Medical Oxygen Concentrators in the APAC Region:
Asia-Pacific region is anticipated to hold the largest market share in the global Medical Oxygen Concentrators market during the forecast period 2019-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Medical Oxygen Concentrators and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Medical Oxygen Concentrators. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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Impact of COVID-19:
With the rapid spread of the COVID-19 virus across the globe, the need for essential medical devices/equipment is also increasing. The COVID-19 infection is measured based on oxygen levels in the bloodstream and is characterized as normal to severe and even life-threatening. So, the need for oxygen support devices like ventilators, oxygen concentrators, etc., is rising day by day with the increasing number of cases of COVID-19 patients across the globe. Breathlessness is a major issue with the patients suffering from COVID-19, thus requiring an oxygen concentrator device.

As per the American Journal of Tropical Medicine and Hygiene (ASTMH), the symptoms start arising within 7-10 days of illness. The current treatment for severe COVID-19 depends majorly on providing the best possible oxygen supportive care. Patients infected with the COVID-19 virus may suffer from mild to severe symptoms.

With hospitals being overcrowded and the lack of ventilators' availability in underprivileged settings is a challenge, oxygen concentrators are proving to be helpful in such situations. As most cases are patients with mild symptoms who don't require ventilator support, breathing therapy by oxygen concentrator helps stabilize the health of the patient. Thus, it is contributing to the growth of the medical oxygen concentrators market.

The report covers exhaustive analysis on:
Overview of the parent market
Global Medical Oxygen Concentrators Market Segments, Dynamics, Market Size, Share, Price, Volume, and Cost
Historical, current and projected market size in terms of volume and value
Global Medical Oxygen Concentrators Market Forecast 2019 to 2026
Supply & Demand Value Chain
Global Medical Oxygen Concentrators Market dynamics, including the current trends/drivers/threats/restraints/challenges
Potential and niche segments/regions exhibiting promising growth
Market landscape, competition, and leading companies involved
Strategies of leading companies and product offerings
Technological advancements

Key Questions Answered in the Report:
What is the current scenario of the Global Medical Oxygen Concentrators market? How is the market going to prosper throughout the forecast period?
What are the emerging technologies and related tools that are going to profit the market?
What is the current size of the Global Medical Oxygen Concentrators Market?
Which segments are the fastest growing and the largest in the market? What is their market potential?
What are the driving factors contributing to market growth during the short, medium, and long term?

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