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Medical Oxygen Concentrators Market to Rise at a Rapid Rate, Improved Business Agility and Forecast to 2031 | Nidek Medical, Medtronic plc, Precision Medical
Medical Oxygen Concentrators Market - insightSLICE
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The oxygen concentrators use the air in surrounding to minimize the nitrogen level and increase the oxygen concentration hence, is a reliable source of oxygen. Increased healthcare spending and enhanced standard of living is expected to drive the demand for medical oxygen concentrators globally. The outbreak of COVID-19 pandemic has surged the demand for medical oxygen concentrators. The stringent government regulations and approval for manufacturing of devices limits the growth of medical oxygen concentrators market.
The report covers key developments in the Medical Oxygen Concentrators market based on organic and inorganic strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of prominent market players.
Some of the Top companies Influencing in this Market include: AirSep Corporation, Drive DeVilbis Healthcare Inc., Invacare Corporation, Inogen,Inc., Nidek Medical, Medtronic plc, Precision Medical, Inc., GCE Group, Teijin Limited, OSI - Oxygen Solutions Inc. Philips Healthcare, ResMed.
COVID-19 Impact-Pandemic Affected the Market Growth
The product demand has experienced a drastic impact due to the coronavirus pandemic. Strict curfews and lockdowns imposed to curb the virus spread have disrupted the supply chain. The disruptions in supply chain networks and difficulty in raw material procurements have in turn affected the market growth. Additionally, labor shortages and indefinite shutdowns of manufacturing plants have negatively impacted the market growth. However, the efficacious vaccination processes are helping the market to stabilize and grow.
Segmentation Overview:
By Product type:
Portable
Stationary
By Application:
Homecare
Non-homecare
By Technology:
Continuous flow
Pulse flow
Segmentation by Region with details about Country-specific developments
- North America (U.S., Canada, Mexico)
- Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)
- Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
- South America (Brazil, Rest of South America)
- Middle East and Africa (UAE, Saudi Arabia, South Africa Rest of Middle East)
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Objectives of the Report:
• To profile leading players and estimate their market shares.
• The expected growth of the Medical Oxygen Concentrators industry in % by the end of 2031 is given in the report.
• To elaborate the prevalent trends in the industry, future estimations and opportunities for growth in the industry.
• To study and analyzes relevant data which allows the market players to turn this valuable information into actionable business plan for future.
Key Questions Answered in the Report:
- Which products of the global Medical Oxygen Concentrators market have seen increasing demand in recent years and are poised for potential market growth in the years ahead?
- What would be the global Medical Oxygen Concentrators market value chain of the future be like?
- What are the quantitative and qualitative disclosures about the Medical Oxygen Concentrators market risk?
- What are the key business segments, geographic areas, raw material scenario, competitive environment, and risk factors associated with the Industrial Medical Oxygen Concentrators industry?
- What are the risks related to the Medical Oxygen Concentrators market development and competition?
- What are the regulatory activities, strategic initiatives, market trends, economic conditions, financial state of the global Medical Oxygen Concentrators market?
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