Homecare Oxygen Concentrators Market is anticipated to grow up to USD 2.5 Billion by 2031
New York, Global Homecare Oxygen Concentrators Market report from Global Insight Services is the single authoritative source of intelligence on Homecare Oxygen Concentrators Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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Homecare oxygen concentrators are devices that are used to provide oxygen therapy to people who have difficulty breathing. Concentrators work by taking in air from the surrounding environment and using a series of filters to remove impurities and concentrate the oxygen. The oxygen is then delivered to the patient through a nasal cannula or mask.
Key Players
- Precision Medical Inc.
- Besco Medical Co.
- Air Water Inc.
- Yuwell
- Longfian Scitech Co.
- BOC Healthcare
Market Trends and Drivers
Homecare oxygen concentrators market growth is driven by the increasing prevalence of chronic respiratory diseases, especially, in developed countries. Increasing prevalence rate is owing to several risk factors such as sedentary lifestyle, smoking habits and environmental exposure among others. The chronic obstructive pulmonary disease (COPD) and asthma are among the leading respiratory diseases across the world. For instance, as per the World Health Organization, nearly 3.23 million deaths were caused due to the COPD, globally, in 2019. Thus, increasing need for additional oxygen supply in COPD treatment will augment the market statistics. Furthermore, booming elderly population base highly prone to numerous chronic respiratory diseases across the developed regions will positively impact the demand for homecare oxygen concentrators in the future. All these factors are expected to positively impact the homecare oxygen concentrators demand during the forecast timeframe.
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Global Homecare Oxygen Concentrators Market Segmentation
By Product
- Portable oxygen concentrators
- Fixed oxygen concentrators
By Technology
- Continuous flow
- Pulse flow
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
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