Global Medical Oxygen Concentrators Market: Overview
Medical oxygen concentrators are used by patients suffering from COPD and other respiratory diseases. Patients having low level of oxygen in their blood are prescribed to use oxygen concentrators. Oxygen concentrators are to be used only with prescription and cannot be purchased over the counter. Medical oxygen concentrators work either on rechargeable lithium batteries or by continuous electric supply. The medical oxygen concentrators are produces oxygen from the surrounding air. It works on the principle of compression of air by which the concentrators are prevented from overheating. After taking the air from the surrounding nitrogen is removed through the air filters and with adjusted delivery rate purifies oxygen is delivered to the patients with the help of nasal cannula or mask. The global medical oxygen concentrators market is segmented by modality, technology, end users and geography. By modality the global medical oxygen concentrator market is further segmented into portable oxygen concentrators and stationary oxygen concentrators. According to technology the market is segmented further by pulse flow technology and continuous flow technology. By end users the market is segmented into hospitals, home care and ambulatory surgical centers. In terms of geography the global medical oxygen concentrators market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Request For Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3998
Global Medical Oxygen Concentrators Market: Research Methodologies
The research is a combination of primary and secondary research, conducted for understanding and arriving at trends, used to forecast the expected revenue of the medical oxygen concentrator market in the near future. Primary research formed the bulk of our research efforts with information collected from in-depth interviews and discussions with a number of key industry experts and opinion leaders. Secondary research involved study of company websites, annual reports, press releases, investor presentations, analyst presentation and various international and national databases. The report provides estimated market size in terms of US$ Mn for each by modality, technology, end user, and geography for the period 2014 to 2024, considering the macro and micro environmental factors. The revenue generated from each product was calculated by considering number of products used in the procedures and their market demand as per their use, prevalence rate of disease, number of product launched, annual revenue generated by products of each sub segment, trends in industry, end user trend, and adoption rate across all the geographies.
Enquiry Before Buying – https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=3998
Global Medical Oxygen Concentrators Market: Scope of the Study
The market report comprises an elaborated executive summary, which includes market snapshot that provides information about various segments of the market. It also provides information and data analysis of the market with respect to market segments based on modality, technology, end-user, and geography. The market overview section of the report analyzes market dynamics such as drivers, restraints and opportunities that influences the medical oxygen concentrators market in the current and future scenario.
Market share analysis among the market players is analyzed to signify the contribution of these players in the market in terms of percentage share. All these factors will help the market players to decide about the business strategies and plans to strengthen their positions in the global market. Based on geography, the market has been analyzed for major regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The study also covers detailed country analysis contributing majorly in the monoclonal antibody therapeutics market.
Purchase Global Medical Oxygen Concentrators Market Report @ https://www.transparencymarketresearch.com/checkout.php?rep_id=3998<ype=S
Global Medical Oxygen Concentrators Market: Competitive Landscape
The report also profiles the major players in the market and provides various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Major companies profiled in the monoclonal antibody therapeutics market are Chart Industries, Inc., Inogen, Inc., Invacare Corporation, Koninklijke Philips N.V., Resmed Inc., Drive DeVilbiss Healthcare LLC., Precision Medical, Inc., Besco Medical Co. Ltd., O2 Concepts LLC, GCE Group and others.
More Trending Reports by Transparency Market Research
- https://www.prnewswire.co.uk/news-releases/fiber-laser-emerging-as-promising-tool-in-medical-laser-systems-market-during-2020-2030-valuation-to-touch-us-8-5-bn-by-2030-finds-tmr-825178349.html
- https://www.prnewswire.com/news-releases/hipaa-complaint-video-consultations-gain-patient-acceptance-video-telemedicine-market-to-garner-cagr-of-13-during-2020--2030-finds-tmr-301072555.html
About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants, uses proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
Transparency Market Research,
90 State Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: [email protected]
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.
June 11, 2019: The global medical oxygen concentrators market size is projected to reach at USD 2.88 billion expanding at a CAGR of 7.4.
Key factors boosting the market include rising prevalence of Chronic Obstructive Pulmonary Disease (COPD) and other respiratory diseases and increasing geriatric population, which is highly susceptible to chronic diseases.
In addition, constant technological advancements in the field is likely to drive the market further.According to data published by the United Nations, global geriatric population is expected to increase from 962 million in 2017 to 2.1 billion by 2050.
Based on product type, the market is classified into portable and stationary oxygen concentrators.
The portable product segment is expected to register the highest CAGR over the forecast period on account of increasing target population base, rising cases of COPD, and demand for lightweight and portable concentrators.
Advantages offered by these produces, such as smaller size and improved portability, are also likely to augment their demand over stationary devices.Request a Free Sample Copy of Medical Oxygen Concentrators Market Report @ https://www.radiantinsights.com/research/medical-oxygen-concentrators-market/request-sampleOn the basis of application, the market is classified into homecare and non-homecare.
