The report on the Global Oxygen Concentrators Market gives an estimation of the development of the market based on historical studies and also provides forecasts on the basis of a comprehensive research. The report gives a complete market analysis for the forecasted period from 2020 to 2026. The market is divided into various segments with an in-depth outlook of the competitors and a listing of the profiled key players. The market size in terms of revenue (USD MN) is calculated and provided for the study period along with the dynamics of the market such as the drivers and the restraints.
An oxygen concentrator is a device that comprises of a number of filters converting the normal breathing air into medicated oxygen. These oxygen concentrators are used by patients who require oxygen supply for longer time period, and hence in such cases oxygen concentrators can be used as a substitute for oxygen cylinders. Unlike oxygen cylinders, it does not store oxygen rather produces and distributes oxygen continuously. It provides oxygen by separating normal air oxygen with molecular sieve made of inorganic silicates. Oxygen Concentrator market is segmented further into fixed oxygen concentrators and portable oxygen concentrators. Oxygen concentrators are prominently used for treatment of patients at home and also in clinics.
The global oxygen concentrators market was valued at approximately $250 million in 2013 and anticipated to grow to nearly $1.8 billion by 2018. Some of the major factors driving the oxygen concentrator market are introduction of new, cost effective and reliable portable devices, and growth in the worldwide aging population which forms a major share of homecare oxygen treatment therapies. The growing elderly population around the world develops respiratory disorders and diseases such as COPD, lung cancer, acute pneumonia and emphysema.
The global oxygen concentrator market is consumer driven, as patients need user friendly equipment which fits into their day to day life. Today, equipment related to home monitoring are becoming smaller and have ease of use which helps patients to maintain their lifestyle and ultimately ensure greater patient compliance. However, at present the reimbursement for oxygen concentrators is lower than that for other home care equipment, which restricts their uptake, thereby obstructing the growth of the global oxygen concentrators market.
Other factors driving the growth of the global oxygen concentrators market are growing demand for oxygen concentrators which are small in size and are lighter than conventional oxygen devices, and shift of large number of medical manufacturers towards development of portable oxygen concentrators.
Some of the well-known players in the global oxygen concentrator market are:
- Airsep Medicals
- Aeromedical Inc.
- Inogen
- Invacare Corporation
- Inova Labs
- Longfian Scitech
- Nidek Medicals
- Philips Healthcare
- Smith Medicals
- Teijin Ltd.
SEGMENTATIONS IN REPORT:
Global Oxygen Concentrator Market,By Types:
- Fixed Oxygen Concentrators
- Portable Oxygen Concentrators
Global Oxygen Concentrators Market, By Application:
- Anesthesia
- Oxygen Therapy
- Veterinary Medicine
- Ozone Feed Gas
- Environmental Remediation
- Cosmetics
Global Oxygen Concentrators Market, by End Users:
- Hospitals
- Clinical LabsRepiratory Equipment Manufacturers
- Repiratory Equipment Manufacturers
- Home Healthcare Providers
- Others
By Geographic
- North America
- Europe
- Asia
- Rest of the World (RoW)
The Global Oxygen Concentrators Market has been exhibited in detail in the following chapters -
Chapter 1 Oxygen Concentrators Market Preface
Chapter 2 Executive Summary
Chapter 3 Oxygen Concentrators Industry Analysis
Chapter 4 Oxygen Concentrators Market Value Chain Analysis
Chapter 5 Oxygen Concentrators Market Analysis By Types
Chapter 6 Oxygen Concentrators Market Analysis By Application
Chapter 7 Oxygen Concentrators Market Analysis By End Users
Chapter 8 Oxygen Concentrators Market Analysis By Geography
Chapter 9 Competitive Landscape Of Oxygen Concentrators Companies
Chapter 10 Company Profiles Of Oxygen Concentrators Industry