Global Medical Oxygen Concentrators Market Trajectory & Analytics and Growth by 2029

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.

Medical Oxygen Concentrators Market Size – USD 1717.0 Million in 2018, Market Growth - CAGR of 7.6%, Market Trends – Product launches and research for medical oxygen concentrates Industry Analysis of Medical Oxygen Concentrators Market 2019The Global Medical Oxygen Concentrators Market report evaluates the market size, share, revenue generation, and commercialization aspects to project the same for the forecast years by 2026.

Furthermore, it also examines the existing competitive scenario with the individual standing of leading companies to project their growth in the coming years based on extensive company profiles and statistical approaches of the companies to realize their desired expansion objectives in the regional markets.To view a Sample copy of the Medical Oxygen Concentrators Market Report with a detailed TOC, visit @ https://www.reportsanddata.com/sample-enquiry-form/2170Scope of the Report:The research study draws focus on the strengths and weaknesses of the leading companies through an elaborate SWOT analysis and also inspects their evolution through an exhaustive historical analysis.

Additionally, the global Medical Oxygen Concentrators market report segments the industry based on products, applications, and regions.

The investigation, supported by extensive research, performs a Porter’s Five Forces Analysis to predict the growth of the market.

The study assesses the global sector in terms of size, share, and revenue.

Furthermore, the report also scrutinizes the global Medical Oxygen Concentrators market based on market share and consumer base in major geographies.

The global medical oxygen concentrators & oxygen cylinders market size is expected to reach USD 4.62 billion by 2028 according to a new study by Polaris Market Research.

The report “Medical Oxygen Concentrators & Oxygen Cylinders Market Share, Size, Trends, Industry Analysis Report, By Product (Portable Concentrator, Stationary Concentrator, Cylinders); By Technology (Continuous Flow, Pulse Flow); By End-users (Homecare, Non-homecare); By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Medical concentrators and cylinders are medical oxygen systems that are used to treat respiratory ailments and are commonly preferred by older patients who have limited mobility and rely on a consistent market supply.

A few common chronic health conditions, such as chronic obstructive pulmonary disease (COPD), emphysema, and chronic bronchitis, necessitate oxygen therapy or supplementary oxygen.

India is facing a huge supply crisis as a result of the flaming COVID-19 pandemic, and in April 2021, the central government has agreed to import concentrators and cylinders from the United States and has placed an order for ten thousand concentrators, which is expected to start import within a week.

Request a sample this report by clicking the link below: https://www.polarismarketresearch.com/industry-analysis/medical-oxygen-concentrators-market/request-for-sample The need for these concentrators and cylinders has also increased in the market in recent years due to the increased prevalence of chronic obstructive pulmonary disease (COPD), and other respiratory illnesses.

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.