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Homecare Oxygen Concentrators Market 2020 By Regional Trend & Growth Forecast To 2026

Author : Ronak Bora | Published Date : 2020-09-04 

Homecare Oxygen Concentrators Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Global homecare oxygen concentrators market size is slated to experience lucrative growth in the near future. One of the reasons being that the past few years have witnessed a considerable uptick in the occurrence of chronic obstructive pulmonary disease (COPD) worldwide. However, the prevalence of COPD has been considerably higher in developing countries.

Evidently, older people are at a greater risk of developing COPD. The Centers for Disease Control and Prevention reports that people aged 65 or more are more prone to COPD. Even though the occurrence is higher among the geriatric population, in majority of cases it remains due to the lack of access to proper treatment of medical care.

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Homecare oxygen concentrators are anticipated to experience a strong demand as COPD patients require continuous therapy. Tobacco inhalation is among the major factors leading to COPD. A significant rise in the number of cigarette smokers around the world will in turn propel the product demand over the next few years. As per a new market report by Global Market Insights, Inc., global homecare oxygen concentrators market size was estimated to be worth US$1 billion in 2019 and is projected to witness lucrative growth through 2026.

Over the past few years, a significant increase has been witnessed in number of chronic obstructive pulmonary disease (COPD) cases in developing countries. Patients with COPD require continuous therapy, which will increase the adoption of homecare oxygen concentrators in these countries.

As per the Centers for Disease Control and Prevention, U.S., people aged above 65 years are comparatively more prone to COPD. Rise in ageing elderly population base in developing countries will create a substantial demand for homecare oxygen concentrators in the coming years high, as in most of the cases it remains undiagnosed.

Various government organizations are taking positive initiatives to spread awareness regarding respiratory issues. For instance, the National Heart, Lung, and Blood Institute in the U.S. had launched chronic obstructive pulmonary disease LMBB (Learn More Breath Better) Campaign that educates and creates awareness among people regarding the deadly disease.

Moreover, increasing government funding in healthcare sector in a bid to provide better access to treatment and facilities will further offer growth avenues for homecare oxygen concentrators industry.

Liquid oxygen is experiencing high demand as it is light in weight as compared to gas cylinders and has greater capacity to carry oxygen. In 2019, liquid oxygen market share accounted for USD 98 million in terms of revenue.

Liquid oxygen systems consume less electricity, which substantially minimizes treatment cost. This treatment product is gaining widespread acceptance due to increased consumer inclination and the affordability factor.

Asia Pacific region is offering growth opportunities for homecare oxygen concentrators businesses due to increasing per capita income and growing purchasing capacity of the masses across the nation. People are able to spend more on healthcare services, with the help of favorable health insurance policies in place to support them.

Moreover, large geriatric pool across the country may also boost product adoption. APAC homecare oxygen concentrators market size is forecast to register a CAGR of 10.2% CAGR over 2020-2026. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/homecare-oxygen-concentrators-market

Partial Chapter of the Table of Content 

Chapter 3. Home Oxygen Concentrators Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2015 – 2026

3.3. Industry impact forces

3.3.1.  Growth drivers

3.3.1.1.  Government initiative in U.S. and Europe

3.3.1.2.  Increasing elderly base prone to COPD in U.S. and Asia Pacific

3.3.1.3.    Increase in spending on healthcare in Asia Pacific

3.3.1.4.    Growing COPD prevalence in Europe

3.3.1.5. Exposure to dust particles and increasing number of cigarette smokers in   Middle East Asia

3.3.2.  Industry pitfalls and challenges

3.3.2.1.  Stringent regulatory scenario

3.4. Growth potential analysis

3.4.1.  By product

3.5. Technology landscape

3.6. Regulatory landscape

3.6.1.  U.S.

3.7. Industry ecosystem analysis

3.8. Porter’s analysis

3.9. Competitive landscape, 2019

3.9.1.  Company matrix analysis, 2019

3.9.2.  Strategy dashboard

3.10. PESTEL analysis

Chapter 4. Home Oxygen Concentrators Market, By Product

4.1. Key segment trends

4.2. Portable home oxygen concentrators

4.2.1.  Market size, by region, 2015 - 2026 (USD Million)

4.2.2.  Portable oxygen concentrators

4.2.2.1.    Market size, by region, 2015 - 2026 (USD Million)

4.2.3.  Stationary oxygen concentrators

4.2.3.1.    Market size, by region, 2015 - 2026 (USD Million)

4.3. Compressed gas oxygen cylinders

4.3.1.  Market size, by region, 2015 - 2026 (USD Million)

4.4. Liquid oxygen

4.4.1.  Market size, by region, 2015 - 2026 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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