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Oxygen Concentrators Market - Global Industry Analysis 2025

10-30-2017 11:37 AM CET | Health & Medicine

Press release from: Oxygen Concentrators Market

Oxygen Concentrators Market - Global Industry Analysis 2025

Oxygen concentrators are widely used to treat patients with deficient supply of oxygen or who lack adequate amount of oxygen in blood. These device can be operated by being plugged into an energy source or using batteries. Oxygen concentrators are better alternative to oxygen cylinders that are heavy to carry everywhere. Oxygen concentrators can either be fixed devices or portable. Therefore, these device can also be used at home. However, a prescription from a registered physician is required to purchase on oxygen concentrator. Patients with severe respiratory disorders (asthma, nocturnal hypoxemia, terminal malignancy and hypoxia) and cardiovascular disease are prescribed oxygen concentrators. Besides, oxygen concentrators are widely used in military or disaster situations where carrying/using oxygen tanks could be perilous, given their highly combustible nature.

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Market Dynamics

Three are defined regulatory guidelines for the prescribers to identify situations wherein they can prescribe an oxygen concentrator. The FDA, EU and Australian Government has guidelines defining the prescribing authority, prescription writing and disorders for which oxygen concentrators can be clinically used. This is to further alleviate the risk of using oxygen concentrators in noncritical conditions. Advanced functions in oxygen concentrators that enable monitoring and controlling time-flow of oxygen makes it attractive for users. Hospitals, who are the major users of this device, have an option of selecting either continuous or pulse dose oxygen concentrators. These variants serve users with different needs and budgets.

Oxygen concentrators are an intense threat for oxygen tanks or cylinders, which have been the standard oxygen delivery mode for decades. Market players are constantly focused towards introducing innovative products in the market, in order to sustain in this highly competitive market. Therefore, we see more light and compact device in the global oxygen concentrators market.

Furthermore, growing pollution leading to increasing incidence of respiratory disorders would augment growth of the global oxygen concentrators market. Also, aging is one of the major factors for respiratory problems and use of oxygen delivery devices is comparatively high in elderly patients. This coupled with growing home healthcare market would drive growth of global oxygen concentrators market during the forecast period (2016–2024).

Market Taxonomy

This report segments the global oxygen concentrators market on the basis of product type, end user, and geography. On the basis of product type, the market is categorized into portable and fixed oxygen concentrators. On the basis of end-user, the global oxygen concentrators market is categorized into hospitals, home care settings and others. For comprehensive understanding of market dynamics, the global oxygen concentrators market is analyzed across key geographical regions namely North America, Europe, Asia Pacific, Latin America, Africa, and Middle East. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

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Key features of the study:

This report provides in-depth analysis of the oxygen concentrators and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR (%)) for the forecast period: 2016 – 2024, considering 2015 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global oxygen concentrators market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, strategies and future plans
Key companies covered as a part of this study include Koninklijke Philips N.V., Oxygen to Go, LLC, Inogen, Invacare Corporation, O2 Concepts, LLC, AirSep Corporation, DeVilbiss Healthcare, Teijin Limited, Nidek Medical products, Inc., and Covidien Ltd.
Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future product launch, end user upgrades, market expansion, and marketing tactics
The global oxygen concentrators market report caters to various stakeholders in this industry, including investors, component suppliers, device manufacturers, vendors, healthcare providers, competition with alternative solutions, research and consulting firms, new entrants, and financial analysts
Various strategy matrices used in analyzing the oxygen concentrators market would provide stakeholders vital inputs to make strategic decisions accordingly

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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