An oxygen concentrator is
a device used to deliver concentrated oxygen to a patient requiring
oxygen therapy. These devices are considered as a safer, easy to use
and inexpensive compared to compressed oxygen cylinders. Portable
oxygen concentrator is useful to people using oxygen tanks as a
constant supply of oxygen by enabling them mobility. Portable oxygen
concentrator acts by increasing the concentration of oxygen by taking
a mixture air from its surrounding. Airstep Freestyle, Inogen One G2,
Invacare XPO2 and DeVilbiss iGo are some the commercially available
portable oxygen concentrators. These devices are also used by
mountaineers and people travelling to places where oxygen is
inadequate amount.
Major factors expected to
drive the market for portable oxygen concentrators include its
ability to provide oxygen under all circumstances and worldwide aging
population coupled with COPD and other respiratory diseases.
Advantages associated with these devices such as they weigh less,
easy to use and more affordable are also predicted to drive the
market further. WHO suggests that approximately 65 million people are
suffering from moderate to severe chronic obstructive pulmonary
disease across the globe. In 2005, an estimated 3 million people died
because of COPD. North America and Europe are the market leaders
because of high level of consumer awareness and approval by
regulatory authorizes of these regions. FAA (Federal aviation
Administration) approved the onboard use of certain portable oxygen
concentrator. In Asia-Pacific, Japan, India, China and Australia are
the leaders in the market for portable oxygen concentrators. In Latin
America, Mexico and Brazil are expected to witness a substantial
growth in coming years due to continuously increasing healthcare
expenditure in the region.
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Some of the major
companies operating in this market are Inogen, Philips Healthcare,
AirSep, O2Concepts Oxlife, Vygon, Nidek Medical, Inova Labs, OSI
Systems, Smiths Medical and Teijin.
This research report
analyzes this market depending on its market segments, major
geographies, and current market trends.
Geographies analyzed
under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in
the market, industry growth drivers, and restraints. It provides
market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model
analysis and detailed profiles of top industry players. The report
also includes a review of micro and macro factors essential for the
existing market players and new entrants along with detailed value
chain analysis.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
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