Analysis of Medical oxygen concentrators market applications and company’s active in the industry

 A research study conducted by Global Market Insights, Inc., suggests that Medical Oxygen Concentrators market is likely to exceed the $5 billion mark by 2026, in terms of revenue. Amid the COVID-19 fallout and rampant chronic obstructive pulmonary disorder (COPD), medical oxygen concentrators market share is geared to witness a notable spike. Oxygen concentrators tend to selectively remove nitrogen to innately supply an oxygen-enriched product gas stream. Oxygen concentrators have become highly sought-after in delivering oxygen therapy to people with breathing disorders.


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Portable oxygen concentrators have risen in popularity and are gaining impetus among the users as they consume less power than their stationary counterparts. Manufactures have introduced an easy-to-control and clean control panel that will enable the individual to keep an eye on the battery life and liter flow. Industry players are leaving no stone unturned to streamline the product as the newest portable concentrators are compact and lightweight.


Oxygen concentrators have become an ideal and favorable option for administering point-of-care oxygen in developing country settings. It is worth noting that oxygen concentrators provide a cost-effective and sustainable source of medical oxygen to health facilities with reliable power.

End-markets are vying to bear fruit from oxygen concentrators for they are cost-effective, helpful in emergency, easy to operate and useful for home and hospitals. A spike in the number of patients suffering from acute and chronic breathing disorders has encouraged manufacturers to boost production of oxygen concentrators. Global Market Insights, Inc., projects medical oxygen concentrators market size to grow steadily and pick pace through 2026.


Browse key industry insights spread across 120 pages with 151 market data tables & 24 figures & charts from the reportOxygen Concentrators Market Size, By Product (Portable Medical Oxygen Concentrators, Fixed Medical Oxygen Concentrators), By Application (Home Care, Non-Home Care), By Technology (Pulse Flow, Continuous Flow), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, China, Japan, India, Brazil, Mexico, South Africa, Saudi Arabia), Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:


https://www.gminsights.com/industry-analysis/medical-oxygen-concentrators-market-report



When it comes to geographical expansion, stakeholders are likely to up their investments in North America as the U.S. combat COVID-19 pandemic and rampant COPD disease. Inclination for portable oxygen concentrators will be more pronounced in the region. North America medical oxygen concentrators market share was pegged at over 39.5% in 2019, similar growth trajectory is expected through 2026.

 

Some of the notable Medical Oxygen Concentrators industry players include DeVilbiss Healthcare GmbH (Drive DeVilbiss International), Inogen Inc., Invacare Corporation, NGK Spark Plug Co. Ltd., NIDEK Medical Products Inc., O2 Concepts, Koninklijke Phillips N.V., ResMed (Inova Labs), Teijin Limited, Yuwell (Jiangsu, Yuyue Medical, Equipment & Supply Co., Ltd.)


About Global Market Insights:


Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.


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Global Market Insights, Inc.

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