What is Medical Oxygen Concentrators Market?
A medical oxygen concentrator refers to the oxygen therapy device which is used for people who require greater oxygen concentrations. Medical oxygen concentrator market has high growth prospects owing to the increasing number of patients with respiratory disorders, growing healthcare infrastructure in the developing economies, and increasing demand for a portable oxygen concentrator. Further, rising applications of an oxygen concentrator for home care and technological advancement expected to drive the demand for medical oxygen concentrator over the forecasted period.
The market study is being classified by Type (Portable Oxygen Concentrators and Stationary Oxygen Concentrators), by Application (Hospitals, Home Care and Ambulatory Surgical Centers) and major geographies with country level break-up. According to AMA, the Global Medical Oxygen Concentrators market is expected to see growth rate of 8.79%
AirSep Corporation (United States), ResMed (United States), Medtronic (Ireland), Koninklijke Philips N.V (Netherlands), Chart Industries, Inc. (United States), Invacare Corporation (United States), Inogen, Inc. (Unites States), Drive DeVilbiss Healthcare (United States), O2 CONCEPTS LLC. (United States) and Nidek Medical (India) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are GCE Group (Sweden) and CAIRE Inc. (United States).
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Medical Oxygen Concentrators market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Medical Oxygen Concentrators market by Type, Application and Region.
On the basis of geography, the market of Medical Oxygen Concentrators has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Prevalence of Different Respiratory Disorders
- Rising Demand for Home Healthcare Oxygen Therapies
- Increasing Number of Patients with Lung Diseases
- Technological Advancement in the Oxygen Concentrators
- Stringent Government Regulations Regarding Medical Devices
- High Cost of Medical Oxygen Concentrators
- Increasing Demand for the Portable Oxygen Concentrators
- Growing Healthcare Infrastructure in the Developing Countries
- Lack of Advanced Healthcare Infrastructure in the Low and Middle Income Group Countries
“According to the Federal Aviation Regulation No. 106 with acceptance criteria for portable oxygen concentrators to be used by passengers in air carrier operations, commercial operations and certain other operations using large aircraft. Currently, the agency assesses each portable oxygen concentrator on a case-by-case basis to determine whether it is safe for use on board aircraft. If the agency determines that a portable oxygen concentrator is safe for use on board aircraft, the specific model is identified in regulations.”
Key Target AudienceOxygen Concentrator Manufacturers, Oxygen Concentrator Distributors and Sales Firms, Healthcare Institutions (Hospitals and Outpatient Clinics), Research Institutes, Organizations, and Consulting Companies, Contract Research Organizations (CROs), Contract Manufacturing Organizations (CMOs), Business Research and Consulting Firms, Venture Capitalists and Investors and Others