Global Medical Oxygen Generators Market Overview:
The oxygen generator is used as an oxygen source for medical and healthcare use, it can transmit the oxygen to every indoor oxygen terminal through the pressure relief device and pipeline for medical use. Home medical oxygen therapy required the usage of small cryogenic liquid oxygen systems or heavy high-pressure oxygen cylinders. Both of these supply systems required frequent home visits by suppliers to refill oxygen supplies.
As per latest study released by AMA Research, the Global Medical Oxygen Generators market is expected to see growth rate of 5.9%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Demand for Lightweight and Portable Concentrators
Market Growth Drivers:
Increasing Demand for Oxygen Generators in the Medical Field and Increasing Awareness about Chronic Obstructive Lung Disease
Challenges:
High Maintenance Cost of Oxygen Generators
Restraints:
Portable Oxygen Generator Are Less Efficient Than Turbocharger and Supercharger
Opportunities:
Rising Investment in Healthcare Sector
Competitive Landscape:
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 competitive advantage through combined synergies.
Some of the key players profiled in the report are Oxyplus Technologies (France), Oxymat (Denmark), Chart Industries, Inc. (United States), Koninklijke Philips N.V. (Netherlands), Invacare Corporation (United States), DeVilbiss Healthcare LLC (United States), Nidek Medical (United States), Inogen (United States), O2 Concepts (United States), Teijin Limited (Japan), Supera Anesthesia Innovations (United States) and GCE Group (Sweden). Analyst at AMA Research see United States Players to retain maximum share of Global Medical Oxygen Generators market by 2030. Considering Market by Technology, the sub-segment i.e. Continuous Flow will boost the Medical Oxygen Generators market.
Latest Market Insights:
In September 2021, NF Healthcare, a leading manufacturer and provider of PSA Oxygen generators, launched their unique and highly efficient MOSS 1800F product, with a capacity of producing up to 1000+ LPM of medical-graded oxygen. This product was launched in India with the support of its South Korea-based parent company, aiming to empower hospitals to cater to the needs of patients during a pandemic and provide them with 93±3% pure oxygen.
In October 2023, O2-Matic Innovation launched the world’s first portable oxygen generator named 'Portia', which provides life-saving gas in just 40 seconds. It produces 99.7% pure medical-grade oxygen.
What Can be Explored with the Medical Oxygen Generators Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Medical Oxygen Generators Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Medical Oxygen Generators
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Medical Oxygen Generators market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Medical Oxygen Generators market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Medical Oxygen Generator, Suppliers of Medical Oxygen Generator, Wholesalers, Distributors and Retailers of Medical Oxygen Generator, Healthcare Industry, Regulatory Bodies and Governmental Bodies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.