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This “Medical oxygen concentrator and oxygen cylinder market share, scale, trend, industry analysis report, by product; by technology; by end user; by region; segment forecast, 2021-2028” Report has been added to ResearchAndMarkets.com provide.
According to a new study, by 2028, the global medical oxygen concentrator and oxygen cylinder market is expected to reach 4.62 billion U.S. dollars. The report details the current market dynamics and provides an analysis of future market growth.
Medical concentrators and gas cylinders are medical oxygen systems used to treat respiratory diseases, and are usually the first choice for elderly patients who have mobility difficulties and rely on stable market supplies. Some common chronic health conditions, such as chronic obstructive pulmonary disease (COPD), emphysema, and chronic bronchitis, require oxygen therapy or supplemental oxygen.
The emergence of the COVID-19 pandemic has greatly promoted the market growth of medical concentrators and cylinders. As of April 2021, nearly 150 million Covid-19 cases have been diagnosed worldwide, but there is no sign that the pandemic is slowing in many regions. Due to the flaming COVID-19 pandemic, India is facing a huge supply crisis. In April 2021, the central government agreed to import concentrators and cylinders from the United States and ordered 10,000 concentrators, which is expected to be imported within a week.
Due to the increasing prevalence of chronic obstructive pulmonary disease (COPD) and other respiratory diseases, the demand for these concentrators and cylinders on the market has also increased in recent years. According to the American Lung Association, in 2018, more than 16.4 million (6.6% of adults) American adults were diagnosed with any type of COPD, approximately 9 million had chronic bronchitis, and 2 million had emphysema.
The increasing market demand for medical concentrators and cylinders has led to the launch and approval of new products on the market. For example, in April 2021, Belluscura’s X-PLO?R portable concentrator was approved by the US FDA. It is a lightweight system specifically designed to treat COPD and other respiratory diseases.
Headquartered in New Delhi, India, Exalta launched a portable mini ventilator with an integrated concentrator in April 2021 to help market consumers cope with the decline in O2 levels caused by the coronavirus outbreak. The micro ventilator is a pure O2 concentrator based on water, which can deliver 1 to 8 liters of oxygen per minute.
Koninklijke Philips NV (Philips Respironics), CAIRE INC., Drive DeVilbiss Healthcare Inc., Invacare Corporation, Inogen Inc., Nidek Medical Products, Inc., O2 Concepts, LLC, OxyGo, LLC, Precision Medical, Inc., ResMed, Linde plc, GCE Group (GCE Healthcare) and Cramer Decker Medical, Inc. are some of the major market players operating in the global medical oxygen concentrator and oxygen cylinder market.
Key topics covered:
1. Introduction
2. Executive summary
3. Research methods
4. Market Insights on Medical Oxygen Cylinders and Concentrators
4.1. Medical oxygen cylinders and concentrators-industry snapshot
4.2. Market dynamics of medical oxygen cylinders and concentrators
4.3. Porter’s five forces analysis
4.4. Pestle analysis
4.5. Medical oxygen cylinder and concentrator market industry trends
5. Market assessment of medical oxygen cylinders and concentrators by product
6. The global medical oxygen cylinder and concentrator market, divided by technology
7. Market Assessment of Medical Oxygen Cylinders and Concentrators by End Use
8. Market Assessment of Medical Oxygen Cylinders and Concentrators by Region
9. Competitive landscape
9.1. Expansion acquisition analysis
9.2. Partnership/cooperation/agreement/exhibition
10. Company Profile
10.1. Drive DeVilbiss Healthcare, Inc.
10.2. Koninklijke Philips NV (Philips Resipronics)
10.3. Ying Hua Kang Company
10.4. O2 Concept LLC
10.5. Inogen, Inc.
10.6. AirSep Company
10.7. ResMed
10.8. Cairo Company
10.9. Cramer Decker Medical, Inc.
10.10. Linde Company
10.11. GCE Group (GCE Healthcare)
10.12. Precision Medical Company
10.13. OxyGo, limited liability company
10.14. Nidek Medical Products Company
10.15. INOX Air Products
For more information about this report, please visit https://www.researchandmarkets.com/r/wmlcp6
View the source version on businesswire.com: https://www.businesswire.com/news/home/20210604005461/en/
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