The report Ocean released a new report on the market size, share, growth, industry trends and forecast 2027 of the oxygen concentrator, covering various industry factors and growth trends that help predict the future of the market.
The oxygen generator market value in 2020 is approximately US$3.2 billion. It is expected that during the forecast period of 2021-2027, the global oxygen generator market will grow at a compound annual growth rate of 5.85%.
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The clinical and diagnostic uses of oxygen concentrators are common among medical workers. For example, oxygen concentrators and compressed oxygen cylinders are important medical oxygen systems, mainly used in home care environments. These systems are usually used by elderly patients who have limited mobility and need a stable oxygen supply.
In certain chronic diseases, such as chronic obstructive pulmonary disease (COPD), emphysema, and chronic bronchitis caused by smoking, additional oxygen is usually required to maintain adequate oxygen levels. There are many types of oxygen systems that can provide patients with controlled amounts of oxygen. In addition, medical oxygen is high-purity oxygen used to help cure human diseases.
Factors affecting the global oxygen concentrator market
More and more people are exposed to environmental pollution every day.
The increase in the number of people susceptible to indoor air pollution and the increase in smokers have also promoted the development of the industry.
Oxygen generators are expensive and regulated, which hinders their growth.
During the forecast period, there are opportunities for growth in the oxygen concentrator market from emerging markets and the growing elderly population.
Covid-19's impact on the global oxygen concentrator market
With the prevalence of chronic diseases, the prevalence of Covid-19 worldwide is increasing. During the Covid-19 pandemic, governments all over the world prioritized the best use of medical infrastructure. In addition, the import and domestic manufacturing of medical oxygen should be closely monitored to ensure uninterrupted supply to designated Covid-19 hospitals determined by the local government.
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Regional analysis of the global oxygen concentrator market
The US Centers for Disease Control and Prevention estimates that analysis of serious respiratory diseases in the United States (such as Covid-19) will result in the need for more than 7 billion ventilators. This need can be met by medical equipment, including oxygen cylinders. It is a major contributor to the growth of the North American oxygen generator market.
Due to the increasing prevalence of chronic diseases, infectious diseases and heart disease, the Asia-Pacific region is expected to have the highest compound annual growth rate during the forecast period. In addition, the increase in the number of hospitals equipped with advanced medical facilities contributes to the strong growth of the region.
Major players in the global oxygen concentrator market
The main competitors in the global oxygen concentrator market include:
Target of the report: Global oxygen concentrator market
The global oxygen generator market is divided by end users, technologies, products and regions.
Outpatient surgery center and physician's office
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Middle East and Africa (MEA)
What aspects of this report are relevant to regional analysis?
The report’s geographic regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report provides a comprehensive analysis of market trends, including usage and consumption information at the regional level. The market report includes the growth rate of each region in the next few years, including their countries. How to evaluate the major players in the market? The report provides a comprehensive analysis of the main competitors in the market. The report includes information about major suppliers in the market. The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured. The report introduces facts and data about market competitors, as well as the views of leading market participants. The market report includes detailed information about recent market developments, mergers and acquisitions of the major players mentioned above.
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