Oxygen concentrators Market worth 9.2% CAGR by 2027
" COVID-19 impact on oxygen concentrators market, size, share, growth, industry analysis and forecast 2021-2027 "
The oxygen concentrator is a medical device that provides oxygen to patients suffering from various respiratory problems. Oxygen concentrators are deemed to be safer, easy to use, and inexpensive solutions as compared to traditional oxygen cylinders. Oxygen concentrators separate nitrogen and oxygen from the air in the environment and then eliminate the nitrogen and deliver 95% pure oxygen to patients through a mask.
Key factors such as various product innovations, such as the development of variants with improved battery life and miniaturized membrane technologies and improvements in the healthcare infrastructure, coupled with the extensive research and development (R&D) activities, are projected to drive the market growth. In addition, the COVID-19 outbreak has a major positive impact on the market growth resultant from a significant shortage of oxygen. In this situation, the oxygen concentrators play a prominent role in meeting the increasing number of patients suffering from COVID-19. Henceforth, the increasing number of patients requiring oxygen in the COVID-19 pandemic also augments the market growth.
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Furthermore, the adoption of oxygen concentrators in veterinary anesthesia is anticipated to provide lucrative growth opportunities for players in the global oxygen concentrators market. Usage of oxygen concentrators in veterinary hospitals has proven to be a safe, dependable, and cost-effective solution. Veterinary anesthesia needs continuous delivery of oxygen. As a result, both continuous stationery and portable oxygen concentrators represent vital growth potential during the forecast period.
The Oxygen Concentrators Market research report titled “Oxygen concentrators Market based on Type, Technology, End-User, and Geography – Global Forecast up to 2027”
Key prominent players operating in the oxygen concentrators market are Chart Industries, Inc., Nidek Medical Products, Inc., Besco Medical Co. Ltd., Koninklijke Philips N.V., and Drive DeVilbiss Healthcare LLC.
North America region is leading the oxygen concentrators market, whereas the Asia Pacific is likely to exhibit lucrative growth in the coming years. This is primarily due to the highly populous countries such as China and India, which have been witnessing the harmful impacts of pollution, respiratory infections, and tobacco smoking.
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The report consists of 91 Tables and 61 charts depicting the in-depth market study and the impact analysis of COVID-19 by Vendor name. The segmentation coverage of the study is provided below.
Oxygen concentrators Market based on Type
Oxygen concentrators Market based on Technology
- Pulse Flow
- Continuous Flow
Oxygen concentrators Market based on End User
- Home Care Settings
- Ambulatory Surgical Centers & Physician Offices
Oxygen concentrators Market based on Geography
- North America
- Asia Pacific
- Rest of the World