Medical oxygen concentrators and oxygen cylinders Market Scope
Oxygen concentrators and Oxygen cylinders are both parts of a group of medicinal tools that allow oxygen therapy to patients incapable to get sufficient oxygen into their bodies on their own. cylinders and concentrators specifically are uniquely designed to give oxygen to sufferers at home, on the go, or who are being shifted within medicinal sites. Oxygen concentrators provide supplementary oxygen for patients with COPD and, in higher concentrations, for severe chronic pulmonary edema and hypoxemia. Additionally, it is used as an adjunct treatment for severe sleep apnea. The adoption of Oxygen Concentrators is becoming popular with both doctors & patients.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Medical Depot, Inc. (Canada), Philips Koninklijke N.V. (Netherlands), Invacare Corporation (United States), NIDEK MEDICAL INDIA (India), Inogen Inc. (United States), CAIRE Inc. (United States), O2 CONCEPTS (United States), OxyGo,LLC(United States), Precision Medical, Inc. (United Staes) and Linde plc (United Kingdom) |
CAGR | 8.7% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Medical oxygen concentrators and oxygen cylinders market throughout the predicted period.
Medical Depot, Inc. (Canada), Philips Koninklijke N.V. (Netherlands), Invacare Corporation (United States), NIDEK MEDICAL INDIA (India), Inogen Inc. (United States), CAIRE Inc. (United States), O2 CONCEPTS (United States), OxyGo,LLC(United States), Precision Medical, Inc. (United Staes) and Linde plc (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Chart Industries, Inc. (United States), GCE Group (Sweden), and Drive DeVilbiss Healthcare (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Medical oxygen concentrators and oxygen cylinders market by Type , by Application (Copd, Asthma, Respiratory Distress Syndrome and Others) and Region with country level break-up.
On the basis of geography, the market of Medical oxygen concentrators and oxygen cylinders has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In March 2020, ELYRIA, Invacare Corporation today announced that the company has completed the sale of its Dynamic Controls subsidiary to Allied Motion Technologies, Inc. of Amherst, New York. As part of the company’s strategy to enhance its products, the transaction marks a significant step forward by opening the door to relationships that can provide access to technological innovations to further differentiate the company’s powered mobility products.
In September 2021, Inogen, Inc., a medical technology company offering innovative respiratory products for use in the homecare setting, today announced an agreement to enhance its go-to-market capabilities with Ashfield Healthcare, LLC, part of UDG Healthcare (“Ashfield”). Under the agreement, Ashfield will add approximately twenty dedicated sales representatives to Inogen’s prescriber sales organization, and provide access to its best-in-class proprietary insights and data, including the specialized healthcare intelligence platform Gravity.ai, to support Inogen’s growth strategy and drive performance in the clinician sales channel.
Sec. 135.91 Oxygen and portable oxygen concentrators for medical use by passengers. (a) Except as provided in paragraphs (d) and (e) of this section, no certificate holder may allow the carriage or operation of equipment for the storage, generation, or dispensing of medical oxygen unless the conditions in paragraphs (a) through (c) of this section are satisfied. Beginning August 22, 2016, a certificate holder may allow a passenger to carry and operate a portable oxygen concentrator when the conditions in paragraphs (b) and (f) of this section are satisfied.
Influencing Trend:
Technological improvements in medical oxygen concentrators
Market Growth Drivers:
The increasing number of government initiatives for COPD awareness and Increasing healthcare expenditure, better medical facilities, and rapid technological advancements
Challenges:
Stringent regulatory landscape
Restraints:
High cost of medical oxygen concentrators
Opportunities:
The outburst of the covid 19 is booming the huge growth opportunities Medical oxygen concentrators and oxygen cylinders
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Medical oxygen concentrators and oxygen cylinders Manufacturer, Government Regulatory and Research Organizations and End-Use Industry