openPR Logo
Press release

Medical Oxygen Concentrators Market Expected to Behold a CAGR of 8.5%by the end of 2024

12-08-2017 12:17 PM CET | Health & Medicine

Press release from: Transparency Market Research

Medical Oxygen Concentrators Market Expected to Behold a CAGR

Inogen, Inc., Koninklijke Philips N.V., Chart Industries, Inc., and Invacare Corporation had collectively taken up 65.5% of the global medical oxygen concentrators market in 2015, pointing towards a highly consolidated market. Each of the above key players hold a considerable hold over the global medical oxygen concentrators market through a consistent rate of introduction of newer technologies.

Transparency Market Research states in a research report that the leaders in the global medical oxygen concentrators market take a sizeable portion of the market in terms of value. Their strongly established brand image helps keep their client pool intact and allows them to progress much faster in terms of research and development. Leaders in the global medical oxygen concentrators market also hold solid distribution networks within their core areas, making it even harder for new entrants to generate traction. The global medical oxygen concentrators market does face a moderate level of threat from substitutes such as oxygen therapy devices and liquid and gaseous oxygen cylinders, further creating a measurable barrier for players to climb. The global medical oxygen concentrators market is projected to reach US$2.41 bn by the end of 2024, after expanding at a CAGR of 8.5% within a forecast period from 2016 to 2024. The market was calculated to reach US$1.25 bn by the end of 2016.

Read Report overview @ https://www.transparencymarketresearch.com/medical-oxygen-concentrators-market.html

Demand for Medical Oxygen Concentrators Ramped with COPD Patient Numbers on the Rise

“Chronic obstructive pulmonary disease, according to the WHO, is currently the fourth-leading cause of death, with close to 2.75 mn patients dying every year. COPD is further estimated to become the third-leading cause of death globally by 2030. The CDC adds that more than 16 mn U.S. citizens are currently living with lung cancer, COPD, smoking-related heart diseases, and other respiratory disorders. These numbers are vital to the global medical oxygen concentrators market, as these patients are the core consumers of concentrated oxygen. Their difficulty in breathing compels them to inhale larger volumes of oxygen per breath, thereby giving rise to a greater demand for oxygen suppliers such as medical oxygen concentrators,” states a TMR analyst.

The growing geriatric population is similarly providing a heavy demand for medical oxygen concentrators across the world and especially in the developed economies from North America and Europe. The elderly population in emerging economies is expected to rise at an extremely fast pace over the coming years, further fuelling the demand taken up by players from the global medical oxygen concentrators market. The market is also being driven by the overall advantages that these units provide over conventional oxygen units in terms of portability and their ability to constantly filter oxygen through the surrounding air. Additionally, governments are growing highly aware of the massive demand for oxygen supply units and are coming forward with increasingly favorable reimbursement policies for patients, further increasing the overall target audience that can afford medical oxygen concentrators.

High Cost and Oxygen Wastage Hamper Global Medical Oxygen Concentrators Market

The global medical oxygen concentrators market does not face too many complications in terms of adoption rate and gaining favor in all regions. However, the high cost of medical oxygen concentrators is currently making it difficult to introduce these units into emerging economies. Statistics show that Asia Pacific and Latin America are bound to become high potential regions for the adoption of medical oxygen concentrators owing to their high population densities, swiftly evolving healthcare infrastructure, and the presence of large rural populations often too far away from healthcare support. The reduction of costs of these units could massively benefit players trying to penetrate emerging economies in the long run. The global medical oxygen concentrators market is also facing a certain amount of negativity due to the fact that the units that function on continuous flow technology are in operation even when the patient does not need oxygen, thereby wasting it as well as over-consuming electricity.

Request Sample Report@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3998

“Smaller players are expected to show a significant level of foray into the global medical oxygen concentrators market over the coming years, due to the favorable nature of investments into the section of portable oxygen concentrators. The scope of development in medical oxygen concentrators is extremely high and new entrants could crack the niche egg successfully with the right type of investment in research and development, creating better opportunities for themselves,” adds the analyst.

The information presented in this review is based on a Transparency Market Research report, titled, “Medical Oxygen Concentrators Market - Global Industry Analysis, Size, Share, Volume, Growth, Trends, and Forecast, 2016 - 2024.”

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Contact

Transparency Market Research
State Tower
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
TMR Blog: http://www.theglobalhealthnews.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 Expected to Behold a CAGR of 8.5%by the end of 2024 here

News-ID: 852016 • Views: 115

More Releases from Transparency Market Research

Latest TMR Report Explores Impact of COVID-19 Outbreak on Industrial Air Compres …
Industrial Air Compressor Market: Introduction The global industrial air compressor market is anticipated to reach US$ 26.6 Bn by 2030. The industrial air compressor market is projected to expand at a CAGR of ~4% from 2020 to 2030 based on revenue. According to the report, Asia Pacific was a significant contributor to the industrial air compressor market in terms of revenue in 2019. The prominent market share of the region is
Automotive Head-up Display (HUD) Market is projected to surpass US$ 4.7 Bn by 20 …
Automotive Head-up Display (HUD) Market: Introduction According to the report, the global automotive head-up display (HUD) market is projected to surpass US$ 4.7 Bn by 2030, expanding at a CAGR of ~22% during the forecast period. Rise in demand for comfort and safety features in vehicles is likely to boost the automotive head-up display (HUD) market across the globe. Increase in preference for utility vehicles and luxury vehicles, in conjunction with
Understanding Impact of COVID-19 on Retail Clinics Market
Global Retail Clinics Market – Overview Retail clinics are the ones that provide primary healthcare services across departmental stores, supermarkets, and retail stores. These clinics have a registration desk, a waiting area, washroom, a couple of examination rooms, and a small desk for reception. These retail clinics are gaining immense popularity as they are highly beneficial for public health, easily accessible, and also help in reducing the pressure on public healthcare
Potential Impact of COVID-19 on Self-tanning Products Market
Self-tanning Products Market: Introduction Transparency Market Research delivers key insights on the global self-tanning products market. In terms of revenue, the global self-tanning products market is estimated to expand at a CAGR of ~6% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global self-tanning products market report. Obtain Report Details @ https://www.transparencymarketresearch.com/self-tanning-products-market.html In terms of type, the self-tanning products market has been segmented

All 5 Releases


More Releases for Oxygen

Oxygen Conservation Devices Market, By Product Type (Pneumatic Oxygen Conserver …
Oxygen conservation devices are mainly of two types – pneumatic oxygen conservation devices and electronic oxygen conservation devices. Pneumatic oxygen conservation devices use high pressure of oxygen gas and do not require any external power source such as battery, whereas electronic oxygen conservation devices are battery supported. For instance, Invacare’s Invacare Pneumatic Oxygen Conserver is a pneumatic oxygen conservation device, which has an on and off selector knob coupled with
Supplemental Oxygen White Paper
Publisher Research announces that it has published a new study Supplemental Oxygen Can Remedy both Low and High Carbon Dioxide Blood Levels to Improve Endurance: White Paper. The 2017 White Paper has 14 pages. Supplemental oxygen used before and after exercise provides a key benefit of increasing endurance. Request Sample Copy at http://www.reportsweb.com/inquiry&RW00011308039/sample The conventional wisdom that we have all heard “exercise more and lose weight” is quite well established in
Global Consumer Oxygen Equipment Market Outlook 2017 Boost Oxygen, Oxygen Plus, …
Consumer Oxygen Equipment Industry Research Report 2017 A market study ” Consumer Oxygen Equipment Market ” will help you understand, formulate and implement strategic decisions by offering critical data, insights and analysis from technology as well as commercial perspective on the Consumer Oxygen Equipment market. It encloses an in-depth Research of the Consumer Oxygen Equipment market state and the competitive landscape globally. This report consist of comprehensive market data, on a
Exercise Oxygen Equipment Market 2017 - Boost Oxygen, Oxygen Plus, SeQual, Phili …
Apex Research announces that it has published a new study Exercise Oxygen Equipment: Market Shares, Strategy, and Forecasts, Worldwide, 2016 to 2022. The 2016 study has 360 pages, 145 tables and figures. Worldwide Exercise Oxygen Equipment markets are poised to achieve significant growth as consumer oxygen markets emerge from the trial phase to be used in sports clubs, by athletic teams, and in corporate gyms to increase the
Urbane Living: Oxygen Printed Wallcoverings
London – January 18 2017. Relax in a tropical paradise from the comfort of your own home with Urbane Living’s stunning Oxygen wallcovering collection. With a wide range of different designs taking inspiration from stylish botanical prints, the Oxygen collection provides a plethora of options for trying out the trend, whether you prefer a bold design or something more subtle. Palm fronds and tropical foliage have been popular design motifs in recent
New Release of Oxygen XML Editor, Oxygen XML Author and Oxygen XML Developer, ve …
Syncro Soft SRL, the producer of Oxygen XML Editor, has announced the immediate availability of version 13.2 of its XML Editor containing a comprehensive set of tools supporting all the XML related technologies. Oxygen combines content author features like the CSS driven Visual XML editor with a fully featured XML development environment. It has ready-to-use support for the main document frameworks DITA, DocBook, TEI and XHTML and also includes support