The article cited AMA's "Global Oxygen Concentrator Market Study" explored substantial growth of %. According to the report, The emerging demand for Chronic Diseases that Require Oxygen Therapy is one of the primary growth factors for the market. Technological improvements in medical oxygen concentrators
is also expected to contribute significantly to the Oxygen Concentrator market. Overall, Homecare
applications of Oxygen Concentrator, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Technology, such as Pulse, is boosting the Oxygen Concentrator market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Oxygen Concentrator market identified that the demand is rising in many different parts of the world as "Emerging demand for oxygen concentrator in developing and developed countries as well due to the outburst of the COVID 19 across the globe is booming the growth opportunities". Furthermore, some recent industry insights like "In April 2019 Inogen United States-based medical technology company offering innovative respiratory products for use in the homecare setting company has introduced its new oxygen concentrator named Inogen One G5™ portable concentrator." is constantly making the industry 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 Oxygen Concentrator 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 2022 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 Oxygen Concentrator 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 Oxygen Concentrator market size is calculated using market estimation process, the Oxygen Concentrator 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 Oxygen Concentrator market size has been validated using both top-down and bottom-up approaches.