The Global Medical Oxygen Concentrators Market Is Expected To Exhibit A Cagr Of 9.0% During The Forecast Period (2021-2028).

 

Medical Oxygen Concentrators

Oxygen concentrators are ideal for administering POC (point-of-care) oxygen in developing-country settings, particularly where piped systems and cylinders are ineffective or unavailable. The devices provide cost-effective and long-term oxygen to health care facilities, increasing demand for the medical oxygen concentrators industry. The growing number of patients worldwide who require long-term oxygen therapy, or LTOT, has also boosted market growth. According to the medical oxygen concentrators market forecast, the high prevalence of COPD (chronic obstructive pulmonary disease), sleep apnea, and asthma is driving the market's potential. Positive government initiatives will also boost market demand in the coming years.

 

The global Medical Oxygen Concentrators Market is estimated to be valued at us$ 1,834 million in 2021 and is expected to exhibit a cagr of 9.0% during the forecast period (2021-2028). Stationary medical oxygen concentrators are expected to grow at a slower rate than portable devices. These medical devices are preferred by the elderly with limited mobility. As a result, it is becoming more popular in countries with a large geriatric population. Furthermore, stationary concentrators are less expensive, so their adoption is higher in developing and underdeveloped countries where healthcare expenditure and living standards are still low.

 

By segmenting the market by product, technology, application, and region, the study provides a decisive view on the medical oxygen concentrators market. The market has been estimated from 2017 to 2023 based on the analysis of all segments based on current and future trends. The market is divided into portable and fixed devices based on the product. The market is divided into two categories based on technology: continuous flow and pulse dose. The regional segmentation includes current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa, which is further subdivided into major countries such as the United States, United Kingdom, Germany, France, China, Japan, India, Brazil, and the Middle East and Africa. This segmentation includes demand for medical oxygen concentrators in all regions and countries based on product, technology, and application.

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