Global Oxygen Concentrators Market Recent Developments, Industry Size, Revenue And Forecast To 2032

Global Oxygen Concentrators Market is likely to grow at CAGR of around 7% and will exceed over USD 5.5 billion by 2024.

Global Oxygen Concentrators Market growth is primarily driven by increasing pulmonary cases, the rising level aged population having the problems of CPOD and respiratory, and rising level of smokers which leads to chronic diseases.

Factors including the rising need for respiratory solution or support to patients, increasing number of programs from the different healthcare organizations for monitoring and diagnosing the patients, and rising demand patient’s quality of life also drive the market for oxygen concentrators through the forecast period.

The presence of manufacturers including Invacare, SeQual, AirSep, Inogen, Oxus, Philips Respironics, and Inova Labs Inc. also drive the market in this region.

Further, the rising trend of smoking and intake of alcohol, increasing level of environmental pollutions in this region also drive the market.

Development of pressure swing adsorption technology used for the spacecraft and pulse does technology drive the market.

The global Medical Oxygen Concentrators market was valued at USD 1717.0 Million in 2018 and is expected to reach USD 3078.3 Million by the year 2026, at a CAGR of 7.6%.

The main cause of this is the high level of air pollution and the growing number of smokers.

The growing awareness regarding the use of these products in order to significantly enhance the quality of life provides favorable growth opportunities for the market.

The Inogen One G5 is superior to other portable products presently available in the US homecare market, which is designed for use within the homecare setting.The products in this industry provide a sustainable and cost-effective source of medical O2 to health facilities with reliable power.

They are devices that draw in air from the environment and pass it through molecular sieve beds to concentrate room O2 to therapeutic levels for delivery to the patient.

The growing demand for lightweight and portable concentrators, growing geriatric population, and increasing incidences of COPD in the young population are the key factors driving the demand for portable medical oxygen concentrators.Homecare was the dominant application segment in 2018 owing to the increased geriatric population, the prevalence of COPD, and the need for homecare O2 therapiesO2 concentrators provide a sustainable and cost-effective source of medical oxygen to health facilities with reliable power.

Homecare Oxygen Concentrators Market is valued at USD 0.85 billion in 2017 and expected to reach USD 1.91 billion by 2027 | CAGR of 8.40%"Rising prevalence of pulmonary hypertension, COPD, fibrosis, chronic respiratory and pulmonary disorders, will drive homecare oxygen concentrators market over forecast period.The Homecare Oxygen Concentrators Market is valued at USD 0.85 billion in 2017 and expected to reach USD 1.91 billion by 2027 with a CAGR of 8.4% over the forecast periodGet Sample of the Report; https://brandessenceresearch.com/requestSample/PostId/1055  Homecare Oxygen Concentrators Companies:Some major key players for Global homecare oxygen concentrators market are Inogen, Invacare, Philips Respironics, Chart (Airsep), Inova Labs, Teijin, GCE Group, Drive Medical, Precision Medical, AVIC Jianghang,Foshan Kaiya, Beijing North Starand others.The homecare oxygen concentrator is a device with the intention to concentrates the oxygen a s of a gas supply and air surrounding to large prediction in particular evacuating nitrogen to provide the oxygen-enhanced item gas stream.

Additionally, the people in the room will still be breathing normal amounts of oxygen.

The homecare oxygen concentrator the high prevalence of asthma and several & respiratory disorders the growing concentration of carbon dioxide, pollution, and harmful gases in the result from the atmospheres.

The home care medical oxygen concentrators include portable and stationary oxygen concentrators, mostly used in home oxygen therapies.

The facilitate preserve patients' quality of life and reduce healthcare costs related to this chronic disease, clinicians need to accurately diagnose the condition and appropriately manage patients through the long course of their illness.

Examples of these devices are AirSep’s lifestyle Portable oxygen concentrator, inogen one G3, VBOX Trooper, EverGo, Invacare XPO2 and iGo.Global Homecare Oxygen Concentrators Market Segmentation –By Product Type: Portable oxygen concentrators, Stationary oxygen concentratorsBy Application: Direct Marketing, Distribution Marketing, Rental MarketingRegional & Country AnalysisNorth America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and AfricaGlobal Homecare Oxygen Concentrators Market Drug Market Regional Analysis –North America is dominating the homecare oxygen concentrators market due to the highest market share in terms of profits in overall market of homecare oxygen concentrators market across the globe.

Transparency Market Research (TMR) has published a new report titled ‘Portable Oxygen Concentrators Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’ According to the report, the global portable oxygen concentrators market was valued at above US$ 1 Bn in 2017.

Rise in COPD patient population, increase in other lung conditions, and surge in geriatric population are expected to augment the global market from 2018 to 2026.

According to the CDC, over 16 million people in the U.S. are living with respiratory disorders such as lung cancer, COPD, and heart diseases, caused due to smoking.

Request Brochure –  https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=1689Increase in the global geriatric population is driving the need for oxygen therapy, such as portable oxygen concentrators, to improve mobility and fight respiratory conditionsRising geriatric population globally is driving the demand for portable oxygen concentrators among this population, in order to carry out their daily routine.

The geriatric population often suffers from certain chronic respiratory diseases that affect their mobility; hence, their dependence on portable oxygen concentrators helps improve the quality of their life.

Rise in the geriatric population demands better treatment options, which in turn is likely to provide opportunities to companies that operate in the global portable oxygen concentrators market.