“According to the Federal Aviation Regulation No. 106 with acceptance criteria for portable oxygen concentrators to be used by passengers in air carrier operations, commercial operations and certain other operations using large aircraft. Currently, the agency assesses each portable oxygen concentrator on a case-by-case basis to determine whether it is safe for use on board aircraft. If the agency determines that a portable oxygen concentrator is safe for use on board aircraft, the specific model is identified in regulations.”
The article cited AMA's "Global Medical Oxygen Concentrators Market Study" explored CAGR of 8.79%. According to the report, Increasing Number of Patients with Lung Diseases
is one of the primary growth factors for the market. Growing Prevalence of Different Respiratory Disorders
is also expected to contribute significantly to the Medical Oxygen Concentrators market. Overall, Hospitals
applications of Medical Oxygen Concentrators, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Technology, such as Pulse Flow, is boosting the Medical Oxygen Concentrators market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The End Users , such as Hospitals, is boosting the Medical Oxygen Concentrators market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMAs Analyst on the Global Medical Oxygen Concentrators market identified that the demand is rising in many different parts of the world as "Increasing Demand for the Portable Oxygen Concentrators
". Furthermore, some recent industry insights like "In October 2022, O2 Concepts launched the Oxlife Liberty, which is set to revolutionize the oxygen therapy landscape with its advanced features." which is constantly making the industry very dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Medical Oxygen Concentrators market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Medical Oxygen Concentrators market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Medical Oxygen Concentrators market size is calculated using market estimation process, the Medical Oxygen Concentrators market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Medical Oxygen Concentrators market size has been validated using both top-down and bottom-up approaches.