- Medical oxygen concentrators have been one of the most prominentinnovative things in permanent oxygen therapy support. A medical oxygen concentrator is a healthcare instrument operated via electrical means. It is utilized to offer concentrated or refined oxygen to a patient looking for oxygen therapy.
Such an instrument functions on the norm of forcing air into itself which then detaches oxygen and continually supplies it to patients. Medical oxygen concentrators are deemed harmless, simple to utilize and economicalas against compressed oxygen cylinders. These instruments are often advised to patients suffering from chronic pulmonary illnesses.
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The medical oxygen concentrators market is steered forward by the ability of oxygen concentrators to supply oxygen under all situations and global ‘growing older’ population. Increased incidences of respiratory illnesses and COPD also push further development of the market. The various benefits linked with these instruments include usage simplicity, less weight and growing affordability. These benefits augur really well for the medical oxygen concentrators market and further it both in terms of size and volume.
The worldwide market is projected to achieve a size of around USD 2 billion by 2020. Growing population of old people with lower body resistance to respiratory illnesses and COPD is also predicted to remain a vital driving factor of the medical oxygen concentrators market. Supportive initiatives of the government in respect to the utilization of portable oxygen concentrators are also anticipated to steer the sales of the market.
COPD alliance in Europe is also estimated to positively affect the medical oxygen concentrators market through the forecast period.
The various categories into which the medical oxygen concentrators market is divided are products, technologies, applications and geographical regions. The products under the market are fixed medical oxygen concentrators and portable medical oxygen concentrators. The technologies market consists of continuous flow technology and pulse dose technology.
The medical oxygen concentrators market, in view of applications, is segmented on the basis of non-home care services and home care services. The geographies market includes the regions of Asia Pacific, rest of the world, Europe and North America.
The products medical oxygen concentrators market was dominated by portable medical oxygen concentrators in 2014. These concentrators occupied more than 50 percent of the worldwide income. This income was attributed to growing demand for portable and lightweight concentrators at different places. Fixed medical oxygen concentrators are estimated to experience a stable growth of about 10 percent during the forecast period.
The technologies medical oxygen concentrators market noticed high infiltration from pulse dose technology in 2014. This was due to rising incidences of COPD and respiratory illnesses. Continuous flow technology, alternatively, occupied the biggest share.
The applications medical oxygen concentrators market was dominated by home care services in 2014. Home care services captured a share of more than 50 percent. This was owing to rising demand for home healthcare. Non-home care services are mostly utilized in hospitals and healthcare centers.
The geographies market was dominated by North America in 2014. Asia Pacific is the most profitable medical oxygen concentrators market during the forecast phase.
Information Source: Grand View Research
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