Worldwide Demand for High Flow Oxygen Concentrators Driving Market Growth: Research Estimates $527.4 Mn Value till 2023

Without proper oxygen, cell metabolism and tissue regeneration are not optimal. Some illnesses require that people have some assistance with oxygenating their bodies, and this is where oxygen concentrators play a dynamic role. According to recent study findings, high flow oxygen concentrators perform a strong function of caring for patients with serious respiratory disease, thus are in huge demand. The worldwide aging population creates demand for high flow medical oxygen, which as a result bolstering market growth rapidly. Considering this fact, Market Research Hub (MRH) has broadcasted a latest study, which is titled as “High Flow Oxygen Concentrators: Market Shares, Strategies, and Forecasts, Worldwide, 2017 to 2023”. This 224 pages research study provides a comprehensive analysis of the current as well as future growth prospects for the market. Moreover, the primary regions are analyzed in order to evaluate the impact of the different factors mentioned in the research report.

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Market Overview and Growth Evaluation

Sometimes an oxygen concentrator with a high flow is obligatory to meet a patient's oxygen necessities. "High flow" Units have settings that go as high as 10 LPM (liters per minute) of continuous flow. Also, high flow 6LPM to 15LPM oxygen concentrators can provide more pure oxygen during the night than regular 5LPM units do. As per the research key findings, high flow oxygen concentrator markets was worth $148 million in 2016, and are set to become a $527.4 million market in 2023. This sound growth is anticipated because the high flow units are the only device that helps severely ill patients with respiratory disease with supplemental oxygen throughout the forecast period. The tremendous rise in chronic pulmonary and respiratory disorder prevalence should also drive global oxygen concentrators market over the coming years.

Market Dynamics

The main aim of the study is to examine the future growth projections of the market by covering its present market landscape. In the first part, the report includes a market overview section, in which a detailed qualitative assessment of the driving forces, limiting factors, opportunities, and challenges has been provided. Key topics covered in the study are High Flow Oxygen Concentrators, Oxygen Concentrator, Home Oxygen Equipment, Consumer Oxygen, Severely Ill Oxygen, Oxygen and Nusing Home Oxygen. Analysts have also studied advantages of these concentrator devices, such as they are more reliable and are generally affordable. In addition, increasing prevalence of respiratory diseases along with growing home healthcare adoption coupled with favorable reimbursement will subsequently boost the product demand over the forecast timeframe.

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Moreover, the research presents high flow oxygen concentrator regional market forecast, which highlights major regions such as North America, Europe, Japan, China and Germany. In the further section, reimbursement, research and technology are detailed.The next section of the report provides a detailed competitive scenario of the market by highlighting the leading vendors in the market, which include Respironics, Invacare, AirSep and Nidek.

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