Oxygen Concentrators Market Scope
Portable oxygen concentrators are used to deliver oxygen therapy to the patients. The oxygen that is provided by portable oxygen concentrators has higher level of concentration than ambient air. Key players are continuous focusing on new generation portable oxygen concentrators have become more mobile, the patients are able carry them more freely as they can be accommodated in a car.
According to AMA, the Global Oxygen Concentrators market is expected to see growth rate of 8.7% Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Oxygen Concentrators market throughout the predicted period.
Chart Industries, Inc. (AirSep) (United States), Koninklijke Philips N.V. (Netherlands), Invacare Corporation (United States), DeVilbiss Healthcare LLC (United States), Nidek Medical (India), Inogen (United States), O2 Concepts (United States), Teijin Limited (Japan), Supera Anesthesia Innovations (United States) and GCE Group (Sweden) are some of the key players that are part of study coverage.
Segmentation Overview
The study have segmented the market of Global Oxygen Concentrators market by Type (Portable Oxygen Concentrators and Stationary Oxygen Concentrators), by Application (Hospitals, Household and Ambulatory Surgical Centers and & Physician Offices) and Region with country level break-up.
On the basis of geography, the market of Oxygen Concentrators 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).
Influencing Trend:
Technological Advancements in the Portable Oxygen Concentrators and Increasing Adoption of New Generation Mobile Based Portable Oxygen Concentrators
Market Growth Drivers:
Rising Worldwide Geriatric Population Means Rise in Homecare Oxygen Treatment and Increasing Consumption of Tobacco Cause Respiratory Diseases
Challenges:
Lack of Awareness in Several Underdeveloped Nations
Restraints:
High Price of Technologically Advanced Oxygen Concentrators
Opportunities:
Increasing Need of Providing Respiratory Solution or Support to Neonatal and Elderly Patients
Key Target Audience
Oxygen Concentrators Manufacturers, Oxygen Concentrators Distributors, Healthcare Institutions (Hospitals and Outpatient Clinics), Research Institutes, Organizations, and Consulting Companies, Venture Capitalists and Investors and Others
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.