Increasing Geriatric Population Prone To COPD And Other Respiratory Disorders Is Expected To Bolster Growth
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. Medical oxygen concentrators market, by application, 2012 - 2022 (USD Million) Home care services were the largest application segment in 2014. Key factors attributing to its large share include the rising demand for ho...