Press release
Oxygen Concentrators Global Market Report: Market Developments and Key Insights | 2024 To 2033 Key Players Inogen Inc, Koninklijke Philips N.V, Teijin Limited, Invacare Corporation, CAIRE Inc, O2 Concepts LLC.
Oxygen Concentrators Global Market Share
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=5348&type=smp
According to The Business Research Company's, The oxygen concentrators market size has grown strongly in recent years. It will grow from $2.25 billion in 2023 to $2.43 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to emerging markets growth, low interest rate environment, increased prevalence of respiratory diseases, increased elderly population, rising pollution levels, covid-19 pandemic and escalating numbers of smokers in developing nations.
The oxygen concentrators market size is expected to see strong growth in the next few years. It will grow to $3.33 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to increasing elderly population, increasing focus on home healthcare, increasing healthcare access, and technological advancements. Major trends in the forecast period include evelopment of smart oxygen concentrators, portable oxygen concentrators, rise in partnerships & acquisitions, technological advancements, new payment plans, and increasing number of patent filings.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/oxygen-concentrators-global-market-report
Market Drivers and Trends:
The increase in the prevalence of respiratory disorders across the globe contributes to the growth of the oxygen concentrators market. Globally, asthma and chronic obstructive pulmonary disease (COPD) are the most common chronic respiratory diseases. For instance, in February 2023, according to the report published by the American Lung Association, a US-based voluntary lung health and preventing lung disease, a chronic lung illness, such as asthma or COPD, which also includes emphysema and chronic bronchitis, affects more than 34 million Americans. Additionally, more than 25 million Americans, including more than 4 million children, have breathing difficulties due to asthma. Therefore, the increase in the prevalence of respiratory disorders is driving the growth of the oxygen concentrators market.
Companies in the oxygen concentrators market are increasingly investing in technologies such as artificial intelligence and low-cost portable devices to improve the functionality of these oxygen concentrators. There has been a growing demand for portable, low-cost concentrators owing to the pandemic. For instance, in March 2021, a team of researchers at MIT's Electrochemical Energy Lab (EEL) launched a low-cost portable concentrator that can be adopted in places with limited infrastructure and high demand. The companies such as Servotech Power Systems, an India-based manufacturer of LED lights and solar products is manufacturing the noiseless, lightweight, and portable oxygen concentrator equipment that provides a constant flow of oxygen and can be easily adjusted to meet the needs of the patient.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Peloton, Les Mills International Ltd., Fitness First, ClassPass Inc., Core Health & Fitness, Econofitness, Sworkit Company, Daily Burn, Viva Leisure, Reh-Fit Centre, Cult.fit, StepSetGo, Move Technologies Group Ltd., MoveGB, VIXY BV, Wexer Virtual, ClassPass, Fitbit Inc., Planet Fitness Franchising LLC, GOLD'S GYM, Anytime Fitness LLC, OX Fitness Club, AYO Fitness Club, Academia Bio Ritmo, Bodytech Sports Medicine, Erada Center, Vogue Fitness, Dr. Amina Al Amiri Clinic, Sporter.com, Body and Soul Health Club, Lifeline Wellness, FitRepublik, Life Diagnostics, esadore international, Planet Fitness, Nutreats, Karien CSN Diet, Express Fitness, Matrix Fitness South Africa, MAKROSAFE Holdings (Pty) Ltd, IPS: Health and Wellness, Camelot Spa Group
Oxygen Concentrators Market 2024 Key Insights:
• The oxygen concentrators market size is expected to see strong growth in the next few years. It will grow to $3.33 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%.
• Global Surge In Respiratory Disorders Propels Growth Of The Oxygen Concentrators Market
• Technological Advancements Drive Oxygen Concentrator Market With AI Integration And Portable Innovations
• North America was the largest region in the oxygen concentrators market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=5348&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company ([www.thebusinessresearchcompany.com](http://www.thebusinessresearchcompany.com/)) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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 Oxygen Concentrators Global Market Report: Market Developments and Key Insights | 2024 To 2033 Key Players Inogen Inc, Koninklijke Philips N.V, Teijin Limited, Invacare Corporation, CAIRE Inc, O2 Concepts LLC. here
News-ID: 3778425 • Views: …
More Releases from The Business Research Company
Leading Companies Reinforce Their Presence in the Blanket Market
The blanket market is steadily gaining traction as consumers increasingly seek comfort and style in their home essentials. With evolving preferences and technological advancements, this sector is set to experience consistent growth. Let's explore the current market value, key players, emerging trends, and the main segments fueling this expansion.
Forecasted Blanket Market Size and Growth Trajectory
The blanket market has seen consistent growth over recent years. From a market size…
Global Trends Review: The Rapid Evolution of the Sporting and Athletic Goods Mar …
The sporting and athletic goods market is experiencing steady growth, driven by evolving consumer preferences and technological advancements. As health and wellness continue to gain importance globally, this market is set for notable expansion in the coming years. Let's explore the current market size, key factors fueling its growth, leading companies, major trends, and segmentation details.
Forecast for Sporting and Athletic Goods Market Size Through 2029
The sporting and athletic…
Train Seat Market Overview, Key Growth Factors, and Insights on Top Players
The train seat industry is experiencing notable growth, driven by advancements in technology and increasing demand for improved passenger comfort. As rail travel evolves, so does the need for innovative, efficient, and adaptable seating solutions that cater to modern requirements. Let's explore the current market status, key players, trends, and segments shaping the future of train seating.
Train Seat Market Size and Growth Expectations
The train seat market has seen…
Leading Companies Solidifying Their Presence in the Spunbond Nonwovens Market
The spunbond nonwovens industry has been experiencing notable growth and shows promising prospects for the coming years. This expanding market is being driven by several innovations and increasing demand across diverse sectors, signaling a robust future.
Projected Growth and Market Size of the Spunbond Nonwovens Market
The spunbond nonwovens market has demonstrated solid expansion recently, with its size expected to rise from $15.57 billion in 2024 to $16.59 billion in…
More Releases for Fitness
Fitness and Recreational Sports Centers Market Is in Huge Demand : NYC Fitness C …
A Latest intelligence report published by AMA Research with title "Global Fitness and Recreational Sports Centers Market Outlook to 2028. A detailed study accumulated to offer Latest insights about acute features of the Fitness and Recreational Sports Centers market. This report provides a detailed overview of key factors in the Global Fitness and Recreational Sports Centers Market and factors such as driver, restraint, past and current trends, regulatory scenarios and…
Fitness Equipment and Indoor Sports Centers Market Growth and Outlook 2023-2030 …
Fitness Equipment and Indoor Sports Centers Industry Overview and Market Scope
The report looks at other market segments including growth rate, product pricing, product classification, and product updates. The essential data and market expansion form the basis of the market research report. The global market size and share, current trends, unexplored business potential, sales, and competitive landscape analysis are just a few of the topics covered in the Fitness Equipment and…
Fitness Equipment and Indoor Sports Centers Market Upcoming Trends, Segmented by …
New Jersey, United States - The Fitness Equipment and Indoor Sports Centers Market report includes the upcoming challenges and opportunities in the market. It ensures a strengthened position in the market and a growing product portfolio by providing all the important details related to the market growth. It reveals some of the key insights and focuses on the impact of the COVID-19 crisis on different sectors of the economy. Identifying…
Personal Fitness Equipment Or Accessories Market to See Booming Growth | Matrix …
Personal Fitness Equipment Or Accessories Market Report research report is a wide-ranging analysis and Impact of COVID19 in the global market and the in-detail information with segmentation has been added in this intelligence report. In this report a comprehensive analysis of current global Global Personal Fitness Equipment Or Accessories Market market in terms of demand and supply environment is provided, as well as price trend currently and in the next…
Online Fitness Trainer - Rejuvenation Fitness Group
The role of a personal fitness trainer hasn't changed, the methods and delivery systems by which a Personal Trainer reaches his clients and helps them to achieve their goals certainly has. The dedicated studio or a Working out of a gym is still the preferred choice of most clients and Personal Trainers, but there is a movement to more online programming.
Visit Now : https://www.rejuvenationfitness.in/
Those clients who have no time…
Fitness Equipment Market 2018 – 2025| Core Health and Fitness LLC., True Fitne …
A Comprehensive research study conducted by KD Market Insights on " Fitness Equipment Market by Type (Cardiovascular Training Equipment, Strength Training Equipment, and Other Equipment), and User (Home Consumer, Health Club/Gym, and Other Commercial User): Global Opportunity Analysis and Industry Forecasts, 2018 - 2025" report offers extensive and highly detailed historical, current and future market trends in the Global and regional/market. The Fitness Equipment Market report includes market size, growth drivers, barriers, opportunities, trends and…
