Medical Oxygen Concentrators Market Share to reach $2.3bn by 2023: Fractovia.org The research report “Medical Oxygen Concentrators Market Size By Product (Portable, Fixed), By Application (Home Care, Non-Home Care), By Technology (Pulse Dose, Continuous Flow), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, Japan, China, South Africa, Brazil), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023” by Global Market Insights, Inc. says Medical Oxygen Concentrators Market, worth more than USD 975 million in 2015, is slated to be valued at a revenue of more than USD 2 billion by 2023, increasing at an estimated CAGR of 10% over 2016-2023. Most of the elderly population is prone to chronic respiratory and pulmonary illnesses. This factor will fuel medical oxygen concentrators market over the next few years. With an ever-growing global geriatric population base, favorable reimbursement policies, growing patient awareness, and the huge rise in the occurrence of diseases such as hypertension, COPD, and asthma, global medical oxygen concentrators industry will observe a mounting growth.
Technologically, this industry is bifurcated into continuous flow and pulse dose. Continuous flow medical oxygen concentrators help deliver continuous, uninterrupted oxygen supply depending on the appropriate setting chosen as displayed on the device. Rising prevalence of chronic respiratory illnesses and increasing adoption rates of technologically innovative products will spur continuous flow technology market, which accounted for a share of more than 53% of medical oxygen concentrators market in 2015. Pulse dose technology is deployed with portable medical concentrators owing to its improved features of high reliability and overall safety. Pulse dose industry, having held a revenue of more than USD 450 million in 2015, is anticipated to exceed a revenue of USD 1,000 million by 2023, growing at a CAGR of 11.6% over 2016-2023.
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U.S. Medical Oxygen Concentrators Market Size, by Product, 2012 2023 (USD Mn)
Browse key industry insights spread across 86 pages with 54 market data tables & 6 figures & charts from the report Medical Oxygen Concentrators Market in detail along with the table of contents: https://www.fractovia.org/news/industry-research-report/medical-oxygenconcentrators-market Portable medical oxygen concentrators industry is set to observe the maximum gins over the coming years. This industry is forecast to record a revenue of more than USD 1.2 billion by 2023, fueled by increasing consumer preference toward durable, mobile, and light weight products. Fixed medical oxygen concentrators industry dominated the product landscape in 2015, having held a revenue in excess of USD 490 million, and will grow significantly over the next few years. This upsurge can be credited to the rising occurrence of respiratory disorders among the growing geriatric population. Below are the regional and application trends of global medical oxygen concentrators market: •
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Medical oxygen concentrators industry in non-home care applications is predicted to be valued at more than USD 700 million by 2023, fueled by increasing occurrence of chronic respiratory disorders. Homecare medical oxygen concentrators claim high demand, owing to the features such as low maintenance, uninterrupted oxygen supply, and low costs.
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Having accounted for a revenue of over USD 500 million in 2015, homecare medical oxygen concentrators market will witness lucrative gains over 20162023. UK medical oxygen concentrators industry size, worth over USD 80 million in 2015, will increase at an annual growth rate of 9.1% over 2016-2023. U.S. medical oxygen concentrators market is expected to reach USD 900 million by 2023, owing to favorable reimbursements, a strict regulatory landscape, and high prevalence of respiratory disorders.
Notable industry participants include Philips Respironics, Inogen, Covidien, Teijen, Nidek Medical, and O2 Concepts.
Table of Content of Medical Oxygen Concentrators Market:
Chapter 1
Methodology and Scope
1.1. Research Methodology 1.1.1.
Initial data exploration
1.1.2.
Statistical model and forecast
1.1.3.
Industry insights and validation
1.2. Data Sources Chapter 2
Executive Summary
2.1. Medical oxygen concentrators industry 3600 synopsis, 2012 - 2023 2.1.1.
Business trends
2.1.2.
Application trends
2.1.3.
Regional trends
Chapter 3
Medical Oxygen Concentrators Industry Insights
3.1. Industry segmentation 3.2. Industry size and forecast, 2012 - 2023
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3.3. Industry impact forces 3.3.1.
Growth drivers 3.3.1.1. Government initiatives 3.3.1.2. Increasing elderly population base prone to COPD 3.3.1.3. Increased spending on healthcare 3.3.1.4. Growing COPD prevalence 3.3.1.5. Exposure to dust particles and increasing number of cigarette smokers
3.3.2.
Industry pitfalls & challenges 3.3.2.1. Stringent regulatory landscape
3.4. Growth potential analysis 3.5. Technology landscape 3.6. Regulatory landscape 3.6.1 U.S. 3.6.2 Europe 3.6.3 China 3.7. Porter’s analysis 3.8. PESTEL analysis 3.9. Competitive landscape, 2015
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