March 02, 2020
According to the research report titled ‘Asia Pacific Medical Oxygen Concentrators Market Size By Application, Technology, Country Outlook, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2018 – 2025’, available at MarketStudyReport.com, the Asia-Pacific medical oxygen concentrators market is expected to accrue substantial revenues by the year 2025.
According to the report, the Asia-Pacific medical oxygen concentrators industry is expected to generate USD 600 million by the year 2025. Elderly population is more susceptible to respiratory disorders, and thus rising geriatric population in APAC is enhancing the demand for medical oxygen concentrators. Moreover, rising adoption of sedentary lifestyle and unhealthy habits such as smoking and increasing levels of pollution has led to increased pervasiveness of respiratory diseases. This factor along with introduction of various government initiatives to reduce the prevalence of chronic obstructive lung disease is further aiding the expansion of Asia-Pacific medical oxygen concentrators industry.
Also, rising number of vehicles, booming economy, and increasing production of automobiles have impaled the pollution levels in China, which in turn is stimulating the industry outlook. However, strict government regulations and lack of awareness regarding medical oxygen concentrators may hinder the market growth in the approaching years.
By product type, the portable medical oxygen concentrators market segment was worth USD 145 million in the year 2017. Growing demand and advancements in technology regarding portable oxygen concentrators such as increased efficiency, enhanced battery life, and compact size are fueling the segmental growth.
Based on the application spectrum, homecare applications of medical oxygen concentrators are presumed to expand with a CAGR of 11.5% in Asia Pacific during the period of 2018-2025. Factors such as reduced risks of nosocomial infectors and cost effectiveness of the product are facilitating the business scenario.
In terms of technology, pulse flow medical oxygen concentrators market segment held 45% profit share in the year 2017 and is expected to register consistent growth throughout the forecast period. This technology type is extensively used in portable medical oxygen concentrators and thus, rising demand for portable products is favoring the market outlook.
Request sample copy of this Report@ https://www.marketstudyreport.com/request-a-sample/2505997/
Considering the geographical landscape, China is expected to dominate the Asia-Pacific medical oxygen concentrators industry followed by India, which is predicted to grow with a CAGR of 11.6% between 2018 and 2025. High occurrence rate of respiratory disorders and advancements in technology pertaining to medical oxygen concentrators are augmenting the demand for the product across India and China.
The prominent companies operating in Asia-Pacific medical oxygen concentrators industry are Yuwell (Jiangsu Yuye Medical Equipment Supply Co. Ltd.), Teijin Ltd., O2 Concepts, NIDEK Medical Products Inc., NGK Spark Plug Co. Ltd., Koninklijke Philips N.V., Invacare Corp., Inova Labs Inc. (ResMed), Inogen Inc., and DeVilbiss Healthcare GmbH (Drive DeVilbiss International).
Frequently Asked Questions (FAQ) :