Medical Oxygen Concentrators Market Is Projected To Witness Growth Based On The Increasing Geriatric Population With Lower Immunity Levels Prone Till 2022:Grand View Research,inc.
Global Medical Oxygen Concentrators Market is expected to reach USD
2.10 billion by 2022, according to a new study by Grand View Research, Inc.
Increasing geriatric population with lower immunity levels prone to various
medical conditions such as COPD and other respiratory disorders is expected to
remain a key factor driving the medical oxygen concentrators market over the
forecast period. Presence of favorable government initiatives including the
presence of advisory circulars pertaining to the usage of portable oxygen
concentrators which meet the applicable FAA requirements is also expected to
drive market growth. Growing healthcare expenditure levels triggering the
demand for home healthcare is likely to boost the demand for portable devices.
Home care services were the
largest application segment in 2014. Key factors attributing to its large share
include the rising demand for home oxygen concentrators that help with
shortness of breath and increasing prevalence of COPD. Non home care services
are also expected to witness lucrative growth over the forecast period majorly
owing to, the ever increasing procedure volume in non home health care
settings.
Browse full research report on Medical Oxygen
Concentrators Market: http://www.grandviewresearch.com/industry-analysis/medical-oxygen-concentrators-market
Further key findings from the study suggest:
- Continuous flow technology based devices were the
most revenue generating segment in 2014. Key factors attributing to its
market dominance include the product’s ability to supply pure oxygen to
users with improved battery power in all circumstances.
- Portable oxygen concentrators are expected to witness
lucrative growth of over 13.0% during the forecast period. Factors such as
increasing geriatric population, rising prevalence of respiratory
diseases, and features such as light weightiness and user friendliness are
expected to ensure expedited segment growth.
- Fixed medical oxygen concentrators dominated the
overall market, valued at over USD 400.0 million in 2014. High usage rates
associated with the product, especially in non home healthcare settings is
a key factor accounting to the segment’s market position.
- North America touted the highest market penetration
rates in 2014. Presence of sophisticated healthcare infrastructure and
favorable reimbursement policies is expected to drive regional market over
the forecast period.
- Asia Pacific is identified as the fastest growing
oxygen concentrators market. High growth opportunities available in the
emerging markets of India and China coupled with rapidly growing disease
prevalence levels are some factors expected to drive regional market over
the forecast period.
- Key players operating in the medical oxygen
concentrators market include Teijin Limited, Invacare Corporation,
Devilbiss Healthcare, AirSep Corporation, Inova Labs, Philips Healthcare,
Nidek Medical Products, Inogen Inc., O2 Concepts and Covidien Ltd.,
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/medical-devices
For the purpose of this study, Grand View Research has
segmented the medical oxygen concentrators market on the basis of product,
application, technology and region:
Global Medical Oxygen Concentrators Product Outlook
(Revenue, USD Million, 2012 - 2022)
- Portable
oxygen concentrators
- Fixed
oxygen concentrators
Global Medical Oxygen Concentrators Application Outlook
(Revenue, USD Million, 2012 - 2022)
- Home
care
- Non
home care
Global Medical Oxygen Concentrators Technology Outlook
(Revenue, USD Million, 2012 - 2022
- Continuous
flow
- Pulse
dose
Medical Oxygen Concentrators Regional Outlook (Revenue,
USD Million, 2012 - 2022)
- North
America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia
Pacific
- China
- Japan
- MEA
- South
Africa
- Latin
America
- Brazil
Access Press Release
By Grand View Research: http://www.grandviewresearch.com/press-release/global-medical-oxygen-concentrators-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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