May 18, 2020
As per the report titled ‘Homecare Oxygen Concentrators Market Size By Product, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report LLC, global homecare oxygen concentrators market is expected to record substantial growth through 2026.
Homecare oxygen concentrator is a medical equipment used for delivering oxygen to people suffering from breathing disorders. Patients having breathing ailments have low oxygen concentration in their blood which is supplemented with the help of these devices. Oxygen concentrators purify the surrounding air and compresses it as per the required density and delivers the medical oxygen into a continuous stream system or pulse-pose delivery system to the patient.
Emergence of new and advanced homecare oxygen concentrators which enable patients to be independent and continue their movement is driving the market growth. These modern devices can operate from a battery as well as a power source. Several benefits such as enhanced tolerance for physical exercise, mental alertness, improved sleep cycle, and eased travel without any restrictions are encouraging the adoption of homecare oxygen concentrators.
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Based on product type, compressed gas oxygen cylinders segment is experiencing a lucrative growth trend owing to their high convenience and portability. These cylinders offer a functioning gas regulator when in use and are operated in areas with adequate ventilation.
From the regional perspective, homecare oxygen concentrators industry in Europe is anticipated to see considerable growth over the forecast duration, owing to rising prevalence of chronic obstructive pulmonary disease in the region. In addition, growing awareness regarding the benefits of homecare oxygen concentrators and improving purchasing power are among the other factors supporting the regional market expansion.
Prominent players operating in global homecare oxygen concentrators market are Besco Medical Co., Precision Medical, Inc., Air Water Inc., Longfian Scitech Co., Yuwell (Jiangsu Yuyue Medical Equipment and Supply Co., Ltd), BOC Healthcare (The Linde Group), Drive DeVilbiss Healthcare Inc., Chart Industries, Inogen Inc., Inova Labs Inc. (ResMed), O2 Concepts, NIDEK Medical Products, Inc., Teijin Limited, and Koninklijke Philips N.V.