Press release
Medical Oxygen Concentrators Market Predicted to Reach USD 4.80 billion By 2030, Growing at a CAGR of 5.90% | Invacare Corporation, Inogen, Inc., Charted Industries, Inc.
Medical Oxygen Concentrators Market
The Medical Oxygen Concentrators Market is experiencing rapid growth driven by the increasing prevalence of respiratory diseases and the rising demand for home healthcare solutions. Medical oxygen concentrators are essential devices that extract oxygen from ambient air, concentrating it for therapeutic use by patients with respiratory conditions such as chronic obstructive pulmonary disease (COPD), asthma, and pneumonia. These devices offer a convenient and cost-effective alternative to traditional oxygen cylinders, providing continuous oxygen therapy to patients in various settings, including hospitals, clinics, and home environments. With advancements in technology, modern oxygen concentrators are becoming more portable, lightweight, and energy-efficient, enhancing patient mobility and comfort.
The medical oxygen concentrators market was valued at USD 1.15 billion in 2021 and is expected to rise from USD 1.37 billion in 2022 to USD 4.80 billion by 2030, with a compound annual growth rate (CAGR) of 5.90% during the forecast period (2022- 2030).
Get Free Sample PDF Brochure:
https://www.marketresearchfuture.com/sample_request/7876
Moreover, the COVID-19 pandemic has further underscored the importance of medical oxygen concentrators in supporting patients with severe respiratory complications, driving unprecedented demand for these devices worldwide. As healthcare systems focus on improving access to respiratory care and reducing hospital readmissions, the Medical Oxygen Concentrators Market is poised for sustained growth, offering reliable and scalable solutions to meet the evolving needs of patients and healthcare providers in the management of respiratory disorders.
Market Players:
Key players in the Medical Oxygen Concentrator Market are:
Invacare Corporation (US)
Inogen, Inc. (US)
Charted Industries, Inc. (US)
Koninklijke Philips N.V. (Netherlands)
Drive DeVilbiss Healthcare (US)
Medtronic plc (Ireland)
GCE Group (Sweden)
Nidek Medical Products, Inc. (US)
ResMed (US)
Teijin Limited (Japan), among others
Medical Oxygen Concentrators Market Segmentation
The global medical oxygen concentrators market is divided into five segments: product, technology, indication, end user, and region.
The market is divided into two product segments: portable oxygen concentrators and stationary oxygen concentrators.
The market is segmented into two segments based on technology: continuous flow and pulse dose.
The market has been classified by indication, including chronic obstructive pulmonary disease, asthma, sleep apnea, and others.
The market has been divided into four end user categories: homecare, travel, hospitals and clinics, and others. Home oxygen concentrators provide convenience and make it easier and safer for patients to accomplish their daily activities, contributing to the homecare segment's domination over the next six years.
Buy Now Premium Research Report:
https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=7876
Medical Oxygen Concentrators Market Regional Insights
The Global Medical Oxygen Concentrators Market is divided into four regions: the Americas, Europe, Asia-Pacific, and the Middle East and Africa. Based on region, the Americas is expected to dominate the market during the forecast period due to the presence of favorable government initiatives, reimbursement policies, and major market participants developing home healthcare care services, as well as increased adoption of portable oxygen concentrators for homecare needs. Higher value contributors headquartered in the US include Philips Healthcare, Invacare Corporation, AirSep Corporation, ResMed, and Precision Medical, Inc. Furthermore, government measures, such as the presence of the Federal Aviation Administration (FAA), which allows the use of portable concentrators during air travel, contribute to the Americas' dominant position.
Europe would follow the Americas in terms of revenue over the predicted period, as the German government has launched a number of programs to reduce pollution and enhance public health. In November 2018, the German government announced a five-point plan to decrease plastic waste.
Browse In-depth Market Research Report (90 Pages) on Medical Oxygen Concentrators Market:
https://www.marketresearchfuture.com/reports/medical-oxygen-concentrators-market-7876
During the forecast period, the Asia-Pacific market would grow at a faster rate. This is due to rising COPD and asthma prevalence, increased healthcare spending, increased awareness of cutting-edge oxygen concentrator technologies, rising adoption of portable units, increased disposable income, and changing diet patterns and lifestyles that lead to disease development. In 2016, The Lancet journal reported that the prevalence of COPD in India was 4.2% and asthma was 2.9%. COPD prevalence in India is greater than the global norm, as are disability-adjusted life-years (DALYs) per person with COPD or asthma.
The Middle East and Africa have the smallest share of the worldwide medical oxygen concentrator market. Furthermore, the Middle Eastern area would hold the majority of the market share due to the development of the Arab countries' healthcare systems and medical infrastructure.
Related Reports:
Meningitis Diagnosis and Treatment market - https://www.marketresearchfuture.com/reports/meningitis-diagnosis-and-treatment-market-5730
ECG Cables and Lead Wires market - https://www.marketresearchfuture.com/reports/ecg-cables-lead-wires-market-11102
Continuous Renal Replacement Therapy market - https://www.marketresearchfuture.com/reports/continuous-renal-replacement-therapy-market-11131
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Contact
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Medical Oxygen Concentrators Market Predicted to Reach USD 4.80 billion By 2030, Growing at a CAGR of 5.90% | Invacare Corporation, Inogen, Inc., Charted Industries, Inc. here
News-ID: 3430004 • Views: …
More Releases from Market Research Future
Gigabit Internet Market 2024-2032: Comprehensive Growth Analysis, USD 57.8 Billi …
✿➤ Market Overview
The Gigabit Internet Market Industry is expected to grow from USD 15.63 Billion in 2024 to USD 57.8 Billion by 2032. The Gigabit Internet Market CAGR growth rate is expected to be around 17.76% during the forecast period 2024 - 2032.
Gigabit Internet refers to broadband internet service that provides speeds of 1 gigabit per second (Gbps) or higher, enabling faster downloads, uploads, and smoother streaming experiences. It supports…
Pigment Black Market to Witness Robust Expansion by 2032
The pigment black market encompasses a range of black pigments used across various industries, including automotive, construction, plastics, and coatings. These pigments are essential for providing deep black coloration and enhancing the visual appeal and performance of products. The market is characterized by a variety of black pigments, including carbon black, iron oxide black, and others, each with distinct properties and applications.
Overview of Pigment Black Market
Pigment Black Market Size was…
Vegetable Fatty Acids Market Global Industry Report, 2032
The vegetable fatty acids market has been experiencing notable growth, driven by increasing consumer demand for natural and sustainable products. These fatty acids, derived from various vegetable sources such as palm oil, soybean oil, coconut oil, and sunflower oil, are essential ingredients in numerous industrial applications. Their versatility and biodegradability make them attractive alternatives to synthetic chemicals, aligning with the global trend towards sustainability and environmentally friendly products.
Vegetable Fatty Acids…
Pigment Red 166 Market to Reach $2.5 Billion, Globally, by 2032
The global market for Pigment Red 166 (PR 166), a high-performance pigment known for its excellent lightfastness, heat resistance, and color strength, is experiencing robust growth. PR 166 is widely used in various applications, including plastics, coatings, inks, and textiles, due to its vibrant red hue and superior properties. This pigment is part of the azo pigment group and is valued for its stability and versatility, making it a preferred…
More Releases for Medical
ECG Analysis System Market Outlook: 2020 The Year On A Positive Note | GE Medica …
DataIntelo report titled Global ECG Analysis System Market provides detailed information and overview about the key influential factors required to make well informed business decision. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of…
Medical Tracheostomy Tube Market Overall Study Report 2020-2027 | Players Medtro …
The latest report added by Stratagem Market Insights gives deep insights into the drivers and restraints in the Worldwide Medical Tracheostomy Tube Market. The research report "Global Medical Tracheostomy Tube Market Size and Growth Forecast to 2027" provide a comprehensive take on the overall market. Analysts have carefully evaluated the milestones achieved by the global Medical Tracheostomy Tube market and the current trends that are likely to shape its future.…
Global Embolization Particle Market 2019 - Sirtex Medical, Merit Medical, Cook M …
The global "Embolization Particle Market" report delivers a comprehensive and systematic framework of the Embolization Particle market at a global level that includes all the key aspects related to it. The data is collected from different sources allied to the global Embolization Particle market and the research team meticulously analyze the gathered data with the help of various analytical tools and present their opinion based on analysis and calculations. The…
Medical Casting & Splinting Market 2019: Top Key players are 3M, DJO Global, BSN …
Medical Casting & Splinting Market 2019 Report analyses the industry status, size, share, trends, growth opportunity, competition landscape and forecast to 2025. This report also provides data on patterns, improvements, target business sectors, limits and advancements. Furthermore, this research report categorizes the market by companies, region, type and end-use industry.
Get Sample Copy of this Report@ https://www.researchreportsworld.com/enquiry/request-sample/13718924
Global Medical Casting & Splinting market 2019 research provides a basic overview of…
Global Embolization Particle Industry 2018 - Sirtex Medical, Merit Medical, Cook …
The Global Embolization Particle Industry 2018 Market Research Report is a professional and in-depth study on the current state of the Embolization Particle industry.
Firstly, Embolization Particle Market report provides a basic overview of the Embolization Particle industry including definitions, classifications, applications and Embolization Particle industry chain structure. Global Embolization Particle Market analysis is provided for the international market including development history, Embolization Particle industry competitive landscape analysis, and major regions…
Global Oxygen Pressure Regulator Market 2017 : Precision Medical, Smiths Medical …
Oxygen Pressure Regulator
A market study based on the " Oxygen Pressure Regulator Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Oxygen Pressure Regulator Market 2017’. The research report analyses the historical as well as present performance of the worldwide Oxygen Pressure Regulator industry, and makes predictions on the future status of Oxygen Pressure Regulator market on the basis of this analysis.
Get Free…
