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Oxygen Concentrators market insights shared in detailed report by Credenceresearch.com

Global oxygen concentrators market was valued at US$ 1,045.6 Mn in 2016, and is expected to reach US$ 2,869.5 Mn by 2025 expanding at a CAGR of 10.97 % from 2017 to 2025.

The purpose of the report is to illustrate the state of the market of Oxygen Concentrators, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.

According to the World Bank study report the rise in air pollution and particulate matter such as sulfur dioxide, ozone, 2.5micron particulate matter, sand etc., due to rapid industrialization and urbanization has resulted in the surge of chronic pulmonary diseases. As per the World Health Organization report in 2015 approximately 3 million people died due to chronic pulmonary obstructive diseases which represents 5% of all the deaths globally.

Presently portable oxygen concentrator holds the largest market share due to key drivers such as increasing public health awareness, inherent features of oxygen concentrators such as lightweight, robustness, easy installation to main air ventilation supply etc. Additionally portable oxygen concentrators finds huge application in places such as airports, shopping malls, commercial airlines, and offices. Fixed oxygen concentrators will grow rapidly as it grants quick access to the oxygen concentrators as the auxiliaries are prefabricated so handling is easy and is of prime importance in elderly healthcare centers at night when the elderly patients with pulmonary complications are sleeping.

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Homecare enjoys domination owing to increasing number of households addicted to smoking results in the demand for fresh air enriched in oxygen, promotes early patient recovery due to comfort and provides reinforcement care from the patient’s family and caregivers. Long term rehabilitation and nursing will record a steady growth on account of increasing high patient volume in these centers over the past decade, rise in geriatric population suffering with chronic pulmonary diseases requiring long term medical intervention.

The oxygen concentrators market is made of chief players such as AirSep Corporation, Covidien Ltd., DeVilbiss Healthcare, Inogen, Inc., Inova Labs, Inc., Invacare Corporation, Nidek Medical, O2 Concepts, Philips Healthcare, Teijin Ltd and Teleflex Incorporated.

Why was the report written?

This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Oxygen Concentrators buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.

[The report is originally published on Credence Research Inc.]

What is the current market landscape and what is changing?

Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.

The report on the market of Oxygen Concentrators contains:

Analysis and forecast of Oxygen Concentrators market dynamics;

Analysis of domestic production, market shares of the main market players;

Analysis of exports and imports;

Analysis of factors, leading the development of the Oxygen Concentrators market;

Assessment and forecast of Oxygen Concentrators market development;

Financial and business profiles of the leading companies in the Oxygen Concentrators industry.

Scope

– Up to date working Oxygen Concentrators data by major regions in the world, the forecast of planned capacity additions by 2026

– The annual breakdown of capital expenditure spending on proposed Oxygen Concentrators for the period 2018 to 2026

– Planned Oxygen Concentrators additions and capital expenditure spending by key countries and companies across the world

– Planned capital expenditure spending on new Oxygen Concentrators projects by region, key countries, and companies

– Details of major planned Oxygen Concentrators projects in the world up to 2026

Browse here for full report with Toc: https://www.credenceresearch.com/report/oxygen-concentrators-market

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