Global Medical Oxygen Systems Market Overview:
Medical oxygen systems are also known as oxygen concentrators and compressed oxygen cylinders which are majorly used in homecare settings, and is mostly preferred by elderly patients who have difficulty in mobility, and depend on reliable oxygen supply. Some common chronic medical conditions such as chronic obstructive pulmonary disease (COPD), chronic bronchitis, emphysema, a common long-term effect of smoking requires oxygen therapy or supplemental oxygen in order to get enough oxygen.
- Increasing Product Launches for Medical Oxygen System for Homecare Settings and Hospitals
- Rising Urbanisation and Industrialisation
- Rising Initiatives by Key Players in Development of Medical Oxygen Systems for Various Purposes
- Lack of Awareness among Customers
- High Cost Associated with Medical Oxygen Systems
- Growing Technological Advancements and Innovation of Oxygen Therapies
- Rising Approvals from the Regulatory Authorities
- Stiff Competition Between Major Players
Some of the key players profiled in the report are Koninklijke Philips N.V (The Netherlands), Inogen, Inc. (United States), BOC Healthcare (United Kingdom), Precision Medical, Inc. (United States), Luxfer Group (United Kingdom), Cryofab, Inc. (United States), Responsive Respiratory, Inc. (United States), Atlas Copco (Sweden), GCE group (Sweden) and High Vacuum Maintenance (HVM) S.R.L. (Italy). Considering Market by Components, the sub-segment i.e. Compressor will boost the Medical Oxygen Systems market. Considering Market by Modality, the sub-segment i.e. Portable Oxygen System will boost the Medical Oxygen Systems market.
In October 2018, NGK Spark Plug Co. acquired oxygen-related products business of Chart Industries Inc. This acquisition will beneficial in providing core technology cultivated in existing automobile and technical ceramics related businesses and invests resources in product development.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Medical Oxygen Systems market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Medical Oxygen Systems market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Medical Oxygen Systems Manufacturers, End-Use Market Participants of Different Segments of Medical Oxygen Systems, Government and Research Organizations, R&D Institutions and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.