Absolute Markets Insights released a new business intelligence report titled "2021-2030 Global Oxygen Concentrator Market Size, Status Quo and Forecast", which aims to cover micro analysis of key business areas. The global oxygen concentrator market survey analysis provides a vibrant vision for summarizing and studying the market size, market hopes and competitive environment. The research is derived from primary and secondary statistical sources, and it includes qualitative and quantitative detailed information.
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In terms of revenue, the market value of oxygen concentrators in 2020 is US$1.37807 billion, growing at a compound annual growth rate of 7.1% during the forecast period (2021 to 2030). Currently, the market is expanding its influence. Some of the main players in the study are BPL Medical Technologies, CAIRE Inc., DeVilbiss Healthcare LLC, GCE Group, Inogen, Inc., Invacare Corporation, Koninklijke Philips NV, Nidek Medical Products, Inc. , O2 CONCEPTS, LLC and TEIJIN LIMITED and other industry participants. The research is a perfect combination of qualitative and quantitative market data collected and verified mainly through primary data and secondary sources.
The Oxygen Concentrator report explains market analysis based on regional, local and global levels. The global oxygen concentrator market report provides basic information about the industry, definition, classification, application, industry chain structure, industry overview and international market analysis. The research of this oxygen concentrator report helps to evaluate several important parameters that can be used as investment in emerging markets, the success of new products, and the expansion of market share. This is a comprehensive and proficient report focusing on primary and secondary market drivers, market share, leading market segments and geographic analysis.
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Due to the increase in respiratory diseases such as bronchitis, emphysema, lung cancer and acute pneumonia, the demand for oxygen concentrators is increasing. The increasing prevalence of chronic obstructive pulmonary disease (COPD) and other lung diseases is another key factor that has helped the growth of the global oxygen concentrator market. A study shows that more than 65 million people worldwide suffer from respiratory diseases such as moderate or severe COPD. These diseases can be cured with the help of long-term supplemental oxygen, which creates a huge demand for oxygen concentrators. Companies in the oxygen concentrator market are investing in the introduction of new technologies in concentrators, aiming to provide higher quality oxygen and medical facilities.
For example, in February 2018, GCE Healthcare launched a remote monitoring platform called Clarity. This platform enables home oxygen suppliers to remotely monitor patients using portable oxygen generators. The technology monitors patients and often sends data related to oxygen purity, device location, and battery life to doctors and patients' families. This technological development of portable oxygen concentrators has brought huge advantages to customers, thereby creating a demand for oxygen concentrators. In addition, the government and medical institutions also encourage investment in key components and innovative research and development of oxygen concentrators to meet emerging medical and healthcare needs, which shows the positive growth prospects of the global oxygen concentrator market during the forecast period.
Covid-19 is a respiratory disease that causes a sharp drop in oxygen levels in the blood of infected patients. Prescribe oxygen therapy for such patients to solve this situation. According to guidelines issued by the World Health Organization (WHO), an oxygen saturation of less than 90% indicates a clinical emergency, while an oxygen saturation of 94% indicates that the patient needs immediate treatment.
During the pandemic, there is a huge demand for oxygen concentrators to provide supplemental oxygen to infected patients. Facts have proven that oxygen concentrators can provide support in adverse conditions where ventilators and other oxygen support equipment are limited or unavailable. In many cases, patients with mild symptoms do not need ventilator support. Respiratory therapy through an oxygen concentrator can help these patients stabilize their health. With the advantage of the portability of the oxygen concentrator, patients can perform oxygen therapy at home. Therefore, the portable function of the oxygen concentrator greatly contributes to its increasing adoption among end users in the global oxygen concentrator market.
Some important issues faced by stakeholders and business professionals as they expand their position in the global oxygen concentrator market:
Q 1. Which region will provide the most valuable portal to the market before 2021?
Q 2. What are the threats and impacts of the latest scenario on market growth and estimated business?
Question 3. By application, type and region, what might be the most encouraging and highly developed scene of the oxygen concentrator movement?
Q 4. Which segments of the oxygen concentrator market will receive the most attention in 2020 and beyond?
Q 5. Who are the important players facing and developing the oxygen concentrator market?
Oxygen concentrator market: by providing
Oxygen concentrator market: by function
Oxygen generator market: by end user
Oxygen concentrator market: by distribution channel
Oxygen Generator Market: By Region
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