Oxygen Concentrators Market Trends, Growth Analysis and Forecasts
Research Report on Global Oxygen Concentrators Market added by DecisionDatabases.com studies the current and upcoming Market Size, Share, Demand, Growth Trend and Forecast.
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.
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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.
Best Region Of Markets :
Some of the well-known players in the global oxygen concentrator market are AirSep, Aeromedical Inc., Inogen, Invacare, Inova Labs, Philips Healthcare, Longfian Scitech, Nidek Medicals, Smith Medicals and Teijin Ltd.
Market Report Analysis By :
Decision Databases is involved in providing research reports and company profiles in the global oxygen concentrator market in terms of revenue and output/volume. Market drivers, opportunities and restraints are thoroughly studied which influences the market. This study is further utilized for the overall analysis of the market. The oxygen concentrator market is segmented based on the global applications, geographic presence, by products and ingredients.
Few Major Table Of Contents :
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
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