Home Oxygen Concentrator Market to See Huge Growth by 2027 : Linde, Invacare, TEIJIN - Digital Journal

According to AMA, the Global Home Oxygen Concentrator market is expected to see growth rate of 8.07% and may see market size of USD1865.32 Million by 2027. The latest study released on the Global Home Oxygen Concentrator Market by AMA Research evaluates market size, trend, and forecast to 2027. The Home Oxygen Concentrator market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.

Key Players in This Report Include:

Linde plc (United Kingdom), Precision Medical, Inc. (United States), Koninklijke Philips N.V. (Netherlands), Zhejiang Longfei Medical Instrument Co., Ltd (China), Invacare Corporation (United States), Inogen, Inc.(United States), TEIJIN LIMITED (Japan), DeVilbiss Healthcare LLC (United States) and CAIRE Inc. (United States)

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Definition:

A Home Oxygen Concentrator is a device that selectively removes nitrogen from a gas supply (often ambient air) to produce an oxygen-enriched product gas stream. People who require medical oxygen owing to low oxygen levels in their blood can use an oxygen concentrator, which takes in air and eliminates nitrogen, leaving an oxygen-enriched atmosphere. Patients who require supplemental oxygen for respiratory illnesses such as bronchitis, emphysema, lung cancer, or acute pneumonia use oxygen concentrators. Oxygen concentrators can be used to assist the user's oxygen needs at home as well as in clinical settings. The popularity and strong demand for oxygen concentrators are driving market expansion due to their ease of use. As a result, several players in this industry place a premium on implementing considerable adjustments in product design to accommodate patients' daily habits. The growing frequency of respiratory illnesses, rapid expansion in the geriatric population, high prevalence of cigarette smoking, desire for home-based oxygen therapy, and technical improvements are driving the oxygen concentrators market. However, the availability of low-cost competitors from local manufacturers, strict regulatory rules that cause delays in product approvals, and Medicare reimbursement rate cutbacks for home oxygen therapy are all limiting the market's growth.

Market Trend

The Up surging Demand for the Portable System
The Increasing Demand of the Oxygen Concentrators due to COVID 19 Pandemic

Market Drivers

Increasing Prevalence Of Chronic Pulmonary Disease (COPD)
Increasing Geriatric Population

Opportunities

The Increasing Production across the Various Countries
High Demand due to Increasing R & D and Investments

The Global Home Oxygen Concentrator Market segments and Market Data Break Down are illuminated below:

by Type (Portable Oxygen Concentrator, Stationary Oxygen Concentrator), Application (Acute Disease Patients, Chronic Disease Patients, Pregnant Women, Other), Technology (Pulse Flow, Continuous Flow), Sales Channel (Online Sales Channel, Offline Sales Channel)

Market Leaders and their expansionary development strategies

October 2021, Invacare Introduces True Control For Portable Oxygen Concentrators. The company refers to the benefits of this new electronics update to the Invacare Platinum Mobile Oxygen Concentrator. From the provider's ability to control business inefficiencies to the user enjoying the freedom of controlling their unit remotely, this update takes the unique value proposition of the Platinum Mobile Oxygen Concentrator to an even higher level – one of helping users and their providers to control what matters.

In Jan 2021, Philips to expand its leadership in patient care management solutions for the hospital with the acquisition of Capsule Technologies, Inc. Acquisition is a strong fit with Philips' strategy to transform the delivery of healthcare along the health continuum with integrated solutions. Capsule offers a leading vendor-neutral Medical Device Information Platform with a software-as-a-service business model.

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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:

The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
North America (United States, Mexico & Canada)
South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

Objectives of the Report

-To carefully analyze and forecast the size of the Home Oxygen Concentrator market by value and volume.
-To estimate the market shares of major segments of the Home Oxygen Concentrator
-To showcase the development of the Home Oxygen Concentrator market in different parts of the world.
-To analyze and study micro-markets in terms of their contributions to the Home Oxygen Concentrator market, their prospects, and individual growth trends.
-To offer precise and useful details about factors affecting the growth of the Home Oxygen Concentrator
-To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Home Oxygen Concentrator market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.

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Major highlights from Table of Contents:

Home Oxygen Concentrator Market Study Coverage:

It includes major manufacturers, emerging player's growth story, and major business segments of Home Oxygen Concentrator market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
Home Oxygen Concentrator Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
Home Oxygen Concentrator Market Production by Region Home Oxygen Concentrator Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
Key Points Covered in Home Oxygen Concentrator Market Report:
Home Oxygen Concentrator Overview, Definition and Classification Market drivers and barriers
Home Oxygen Concentrator Market Competition by Manufacturers
Impact Analysis of COVID-19 on Home Oxygen Concentrator Market
Home Oxygen Concentrator Capacity, Production, Revenue (Value) by Region (2021-2027)
Home Oxygen Concentrator Supply (Production), Consumption, Export, Import by Region (2021-2027)
Home Oxygen Concentrator Production, Revenue (Value), Price Trend by Type {Portable Oxygen Concentrator, Stationary Oxygen Concentrator}
Home Oxygen Concentrator Market Analysis by Application {Acute Disease Patients, Chronic Disease Patients, Pregnant Women, Other}
Home Oxygen Concentrator Manufacturers Profiles/Analysis Home Oxygen Concentrator  Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.

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Key questions answered

How feasible is Home Oxygen Concentrator market for long-term investment?
What are influencing factors driving the demand for Home Oxygen Concentrator near future?
What is the impact analysis of various factors in the Global Home Oxygen Concentrator market growth?
What are the recent trends in the regional market and how successful they are?

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