The report gives the clear picture of current Oxygen Concentrators Market scenario and the predicted future of the industry. The report focuses on the basis of market drivers, restraints, growth, trends and forecast for the period of 2018-2025. In addition, the report also maps the market performance by value chain analysis which will help in better product differentiation along with the analysis of each segment in terms of opportunity, market attractiveness index and growth rate.
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.
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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.
Major player assessed in the report are:
– Airsep Medicals
– Aeromedical Inc.
– Inogen
– Invacare Corporation
– Inova Labs
– Longfian Scitech
– Nidek Medicals
– Philips Healthcare
– Others
Geographically, this market has been segmented into regions such as North America, Europe, Asia Pacific and Rest of the World. The study details country-level aspects based on each segment and gives estimates in terms of market size.
Major Table of Contents:
1.Introduction
2.Executive Summary
3.Market Overview
4.Global Oxygen Concentrator Market,By Types
5.Global Oxygen Concentrators Market, By Application
6.Global Oxygen Concentrators Market, By End Users
7.Geographic Analysis
8.Competitive Landscape
9.Company Profiles
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