New York, USA, Nov. 03, 2022 (GLOBE NEWSWIRE) -- The Global Medical Oxygen Concentrators Market to Surge at a CAGR of 5.63% by 2027 | DelveInsight
The medical oxygen concentrators market is anticipated to grow primarily attributed to the increased prevalence of respiratory disorders such as chronic obstructive pulmonary disorder (COPD), sleep apnea, hypoxemia, pulmonary edema, and other respiratory illness, as well as increased demand in geriatric and bedridden patients. A steep rise in demand for medical oxygen concentrators following the COVID-19 pandemic across the world is expected to bolster the medical oxygen concentrators market.
DelveInsight’s Medical Oxygen Concentrators Market Insights report provides the current and forecast market, forthcoming device innovation, individual leading companies’ market shares, challenges, medical oxygen concentrators market drivers, barriers, and trends, and key medical oxygen concentrators companies in the market.
Key Takeaways from the Medical Oxygen Concentrators Market Report
- As per DelveInsight estimates, North America is anticipated to dominate the global medical oxygen concentrators market during the forecast period.
- Notable medical oxygen concentrators companies such as Koninklijke Philips N.V., Invacare Corporation, DeVilbiss Healthcare LLC, Inogen, Inc., Nidek Medical, O2 Concepts, Teijin Limited, Supera Anesthesia Innovations, GCE Group, CAIRE, OxyGo, LLC, Precision Medical, Inc., Graham Field, Belluscura, Besco Medical Limited, OSI - Oxygen Solutions Inc, NGK Spark Plug Co Ltd, Yuwell (Jiangsu Yuyue Medical Equipment & Supply Co., Ltd.), Narang Medical Limited, Topson, and several others are currently operating in the medical oxygen concentrators market.
- In March 2022, Belluscura have signed a three-year manufacturing agreement for its X-PLO2r portable oxygen concentrator with InnoMax Medical Technology in China.
- In March 2021, Belluscura announced that the X-PLO2R pulse-flow portable oxygen concentrator manufactured by Belluscura has been granted 510(K) clearance from the U.S. Food and Drug Administration (FDA).
- In March 2021, OxyGo announced that they have acquired LIFE Corporation, a manufacturer of portable emergency oxygen and CPR administration equipment. The acquisition will allow OxyGo to further expand its expertise in the oxygen market.
To read more about the latest highlights related to the medical oxygen concentrators market, get a snapshot of the key highlights entailed in the Global Medical Oxygen Concentrators Market Report
Medical Oxygen Concentrators Overview
Medical oxygen concentrators are medical devices that provide additional oxygen to patients who have breathing problems. The device filters the ambient air before compressing it to the required density and delivering purified medical-grade oxygen. The device is outfitted with special filters and sieve beds that aid in removing nitrogen from the air and providing completely pure oxygen to the patient.
Medical oxygen gas systems, such as oxygen concentrators and compressed oxygen gas cylinders, are widely used in homecare settings and are typically chosen by elderly patients with mobility issues who rely on a consistent oxygen supply.
Learn more about portable medical oxygen concentrators @Best Medical Oxygen Concentrators
Medical Oxygen Concentrators Market Insights
North America is expected to account for the largest share of the global Medical Oxygen Concentrators market out of all regions in the coming years. Factors such as the increasing prevalence of various respiratory ailments such as COPD, hypoxia, and others, as well as the growing prevalence of geriatric and bedridden patients, as well as an increase in air pollution and smoking, are expected to aid in the growth of North American medical oxygen concentrators market.
Furthermore, the North American government is actively involved in relevant organizations that can provide proper COPD management guidance to patients. The mission of the National Center for Immunization and Respiratory Diseases is to prevent disease, disability, and death through immunization and to control respiratory and related diseases. As patient awareness of COPD treatment and management grows, so will the market’s use of oxygen concentrators, thereby boosting the medical oxygen concentrators market in North America.
To know more about why North America is leading the market growth in the medical oxygen concentrators market, get a snapshot of the Medical Oxygen Concentrators Market Trends
Medical Oxygen Concentrators Market Dynamics
The increased prevalence of respiratory disorders such as chronic obstructive pulmonary disease (COPD), sleep apnea, hypoxemia, pulmonary edema, and other respiratory illnesses, as well as the increased prevalence of geriatric and bedridden patients, are the primary drivers of product demand. Another factor driving the use of these medical oxygen concentrators is the prevalence of geriatric and bedridden patients.
Furthermore, oxygen concentrators were in greater demand during the COVID-19 infection. People bought oxygen concentrators during the second wave of COVID-19, fearing a shortage of medical oxygen. Furthermore, people with COVID-19 were at a higher risk of pneumonia and hypoxemia, both of which are major predictors of mortality. People with these complications were advised to get enough oxygen. Medical oxygen concentrators can provide this supply. This increased the market demand for medical oxygen concentrators. Prices had risen due to increased demand.
However, the stringent regulatory process and high device costs may be some of the factors limiting the medical oxygen concentrators market growth.
Get a sneak peek at the medical oxygen concentrator devices market dynamics @Medical Oxygen Concentrator Device
| Report Metrics | Details |
| Coverage | Global |
| Study Period | 2019–2027 |
| Base Year | 2021 |
| Market CAGR | 5.63% |
| Key Medical Oxygen Concentrators Companies | Koninklijke Philips N.V., Invacare corporation, DeVilbiss Healthcare LLC, Inogen, Inc., Nidek Medical, O2 Concepts, Teijin Limited, Supera Anesthesia Innovations, GCE Group, CAIRE, OxyGo, LLC, Precision medical, Inc., Graham Field, Belluscura , Besco Medical Limited, OSI - Oxygen Solutions Inc, NGK Spark Plug Co Ltd, Yuwell (Jiangsu Yuyue Medical Equipment & Supply Co., Ltd.), Narang Medical Limited, Topson, and others |
Medical Oxygen Concentrators Market Assessment
- Medical Oxygen Concentrators Market Segmentation
- Porter’s Five Forces Analysis, Product Profiles, Case Studies, KOL’s Views, Analyst’s View
-
- Market Segmentation By Product: Stationary Medical Oxygen Concentrators, Portable Medical Oxygen Concentrators
- Market Segmentation By Technology: Continuous Flow, Pulse Flow, Both
- Market Segmentation By End User: Homecare, Hospitals and Clinics, Others
- Market Segmentation By Geography: North America, Europe, Asia-Pacific, and Rest of World
Which MedTech key players in the medical oxygen concentrators market are set to emerge as the trendsetter explore @Medical Oxygen Concentrators Companies
Table of Contents
| 1 | Report Introduction |
| 2 | Executive summary |
| 3 | Regulatory and Patent Analysis |
| 4 | Key Factors Analysis |
| 5 | Porter’s Five Forces Analysis |
| 6 | COVID-19 Impact Analysis on Medical Oxygen Concentrators Market |
| 7 | Medical Oxygen Concentrators Market Layout |
| 8 | Global Company Share Analysis – Key 3-5 Companies |
| 9 | Medical Oxygen Concentrators Market Company and Product Profiles |
| 10 | Project Approach |
| 11 | About DelveInsight |
Interested in knowing the Medical Oxygen Concentrators market by 2027? Click to get a snapshot of the Medical Oxygen Concentrators Manufacturers
Related Reports
Hyperbaric Oxygen Therapy Equipment Market
Hyperbaric Oxygen Therapy Equipment Market Insight, Competitive Landscape and Market Forecast – 2027 report delivers an in-depth understanding of the market trends, market drivers, market barriers, and key hyperbaric oxygen therapy equipment companies including HearMec Corporation, Hyperbaric Modular Systems Inc, IHC Hytech, among others.
Oxygen Concentrators Market Insight, Competitive Landscape and Market Forecast – 2027 report delivers an in-depth understanding of the market trends, market drivers, market barriers, and key oxygen concentrators companies, including Koninklijke Philips N.V., O2 CONCEPTS®, LLC, Invacare Corporation, Chart Industries, among others.
Oxygen Conservers Market Insight, Competitive Landscape and Market Forecast – 2027 report delivers an in-depth understanding of the market trends, market drivers, market barriers, and key oxygen conservers companies, including Inogen Inc., GCE Group, Precision Medical, Inc., among others.
Oxygen Therapy Equipment Market
Oxygen Therapy Equipment Market Insight, Competitive Landscape and Market Forecast – 2027 report delivers an in-depth understanding of the market trends, market drivers, market barriers, and key oxygen therapy equipment companies, including Koninklijke Philips N.V., Invacare Corporation, Inogen, Inc., Drägerwerk AG & Co. KgaA, among others.
Oxygen & Hyperbaric Oxygen Equipment Market
Oxygen & Hyperbaric Oxygen Equipment Market Insight, Competitive Landscape and Market Forecast – 2027 report delivers an in-depth understanding of the market trends, market drivers, market barriers, and key oxygen & hyperbaric oxygen equipment companies, including Environmental Tectonics Corporation, Sechrist Industries, Inc., OxyHealth, LLC, among others.
Other Trending Reports
Related Healthcare Blogs
Promising Therapies in the ARDS Market
Rising Acute Respiratory Distress Syndrome Prevalence
Factors Contributing to COPD Prevalence
About DelveInsight
DelveInsight is a leading Business Consultant, and Market Research firm focused exclusively on life sciences. It supports pharma companies by providing comprehensive end-to-end solutions to improve their performance.
