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Global Medical Oxygen Concentrator Market Insights 2023-2028
The Global Medical Oxygen Concentrator Market is
anticipated to grow at a CAGR of around 5.1% during the forecast period, i.e.,
2023-28.
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Top Players in the Medical Oxygen Concentrator Market:
·
Invacare Corporation
·
Koninklijke Philips N.V.
·
Drive DeVilbiss Healthcare Inc.
·
CAIRE INC.
·
Inogen Inc.
·
O2 Concepts, LLC
·
Nidek Medical Products, Inc.
·
OxyGo, LLC
·
ResMed
·
Precision medical, Inc.
·
GCE Group
·
Linde plc
·
Others
Segmentation Analysis of Medical Oxygen Concentrator Market
Medical
Oxygen Concentrator Market exactly assesses and highlights significant trends
and influencing factors within each segment. The comprehensive analysis extends
its predictions for the period spanning 2023 to 2028, focusing on the national
landscape. The market is exactly categorized based on this analysis, providing
valuable insights into its various facets.
·
By Type
o
Portable
o
Stationary
Of both, portable concentrators have gained traction in the
Global Medical Oxygen Concentrator Market in recent years. It owes to their
enhanced mobility, lightweight nature, compact size, and increased oxygen
capacity. These concentrators provide patients with the freedom to move &
carry out their daily activities while receiving oxygen therapy. Longer battery
life, enhanced miniaturization, and integrated membrane technology are some
critical advancements in these concentrators, which have transformed home
healthcare settings.
Patients with chronic respiratory conditions who require
oxygen therapy can now receive treatment at home without the need for
stationary concentrators or bulky oxygen cylinders. Hence, portable
concentrators are a convenient & cost-effective solution for long-term
oxygen therapy in homecare settings, reducing hospital visits while enhancing
patient comfort and, in turn, driving the market.
·
By End
User
o
Residential
o
Non-Residential
·
By
Technology
o
Continuous Flow
o
Pulse Flow
·
By Flow
level
o
0 - 5 LPM
o
5.1 - 10 LPM
o
Above 10 LPM
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A Comprehensive
Geographical Analysis:
By Region
·
North
America
o
US
o
Canada
o
Mexico
·
South
America
o
Brazil
o
Argentina
o
Others
·
Europe
o
Germany
o
UK
o
France
o
Italy
o
Others
·
APAC
o
China
o
Japan
o
India
o
Others
·
MEA
o
South Africa
o
UAE
o
Saudi Arabia
o
Others
Of all regions globally, North America has been dominating
the Medical Oxygen Concentrator Market. It owes to its well-developed
healthcare infrastructure, including hospitals, clinics, & home healthcare
settings, which facilitates the widespread adoption & use of medical oxygen
concentrators, coupled with a relatively high prevalence of respiratory
disorders in the region, such as COPD, asthma, & sleep apnea, which require
oxygen therapy, and, consequently, medical oxygen concentrators. Besides, the
aging population in North America is another critical aspect contributing to
the growing demand for medical oxygen concentrators in the region. Individuals
become more susceptible to respiratory illnesses as they age, and thus the need
for oxygen therapy becomes more prevalent.
Moreover, North America is at the forefront of technological
advancements & innovations in the healthcare industry, where several
companies are massively investing in developing advanced medical oxygen
concentrators with improved features, performance, & user-friendliness.
Furthermore, the region also has well-established healthcare reimbursement
systems, such as Medicare and private insurance coverage, which often cover the
cost of medical oxygen concentrators and thus make them more accessible to
patients. Hence, these aspects would continue augmenting the growth of the
North America Medical Oxygen Concentrator Market over the coming years.
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