The global medical oxygen concentrators market size is expected to enlarge during the forecast period, 2019 – 2026. Rise in pulmonary and respiratory diseases arising out of smoking habits and increase in pollution have resulted in a huge market growth. Trends such as growing medical assistance to elderly population and neonatal suffering from respiratory diseases, and availability of oxygen concentrator on a commercial scale is highly witnessed.
Oxygen concentrators enable supplementary oxygen for patients suffering from the chronic obstructive respiratory disorders (COPD) and in certain cases, pulmonary edema. Oxygen concentrators are basically used as stationary sources to enable a long-term oxygen therapy to indoor patients. The concentrators comprise a cabinet house with compressors and filters, nasal canula, tubing and face mask. Portable units additionally incur AC and DC charger and a battery.
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The concentrator draws fresh air in the room through a series of filters that help in removing dust, bacteria and other particulates. In the initial step of concentration process, compressor pushes the air in one of the cylinders which absorbs the nitrogen and exhausting concentrated oxygen into outer atmosphere. Moreover, the cylinders are functioned to work under a timing cycle to provide a continuous flow of oxygen to the patient.
The global Medical Oxygen Concentrators market was valued at USD 1717.0 Million in 2018 and is expected to reach USD 3078.3 Million by the year 2026, at a CAGR of 7.6%.
The main cause of this is the high level of air pollution and the growing number of smokers.
The growing awareness regarding the use of these products in order to significantly enhance the quality of life provides favorable growth opportunities for the market.
The Inogen One G5 is superior to other portable products presently available in the US homecare market, which is designed for use within the homecare setting.The products in this industry provide a sustainable and cost-effective source of medical O2 to health facilities with reliable power.
They are devices that draw in air from the environment and pass it through molecular sieve beds to concentrate room O2 to therapeutic levels for delivery to the patient.
The growing demand for lightweight and portable concentrators, growing geriatric population, and increasing incidences of COPD in the young population are the key factors driving the demand for portable medical oxygen concentrators.Homecare was the dominant application segment in 2018 owing to the increased geriatric population, the prevalence of COPD, and the need for homecare O2 therapiesO2 concentrators provide a sustainable and cost-effective source of medical oxygen to health facilities with reliable power.
