ALBANY, New York, Oct. 01, 2018 (GLOBE NEWSWIRE) -- The global medical oxygen concentrators market’s majority share is held by four companies which are Philips N.V., Invace, Koninklijke, and Char Industries, Inc. It is predicted that the entry of new players in the market is hard and they are likely to face various challenges. New entrants are likely to be dominated by the major players on the basis of strong distribution network. However it is expected that once the new entrants have a distribution market, they are going to give an intense competition to the leading players, states Transparency Market Research in a research report done by them on medical oxygen concentrators market. The market is consolidated in nature. Players in the market are competing eagerly to launch new products which are more efficient in order to hold market share.
According to Transparency Market Research, the global medical oxygen concentrators market is expected to display a whooping CAGR of 8.5% during the forecast period 2016 to 2024. The market is predicted to be valued at US$1.25 bn by the end of the assessed period. On the basis of modality, it is seen that the portable segment will lead the medical oxygen concentrators market. On the basis of geography, North America is prophesized to beat all other regions which are the Middle East and Africa, Europe, and Asia Pacific. North America’s success is driven by its fantastic medical infrastructure. Other reasons helping North America to thrive is its extensive innovation along with rapid adoption of advanced technology.
Oxygen Concentrator’s Ability to Provide Oxygen in Every Environment, Surges the Demand
On the major author of the report said that the medical oxygen concentrators are witnessing a stupendous growth owing to the rising demand due to its ability to provide oxygen at any environments. Rising number of people who are diagnosed with different types of chronic obstructive pulmonary diseases along with other respiratory diseases is likely to increase the demand for medical oxygen concentrators. Rapid industrialization along with rapid increase in automotive industries all across the world has stupendously increased carbon dioxide emission along with other harmful gas. Rise in emission of carbon dioxide has depleted the ozone layer and has caused various asthma and other respiratory diseases. These are anticipated to create a lucrative opportunity for the global medical oxygen concentrators market. Another factor that is exceptionally helping the market is the incessant rise in geriatric population all across the world.
Get a PDF Sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3998
Approval of Oxygen Concentrators by Federal Aviation Administration to Bolster Market Growth
Players in the market are trying to push the market growth by doing extensive research and development with an aim to come up with innovative and more advanced solutions which will help the patients with respiratory disease to fight and deliver better results. All these factors are anticipated to create suitable environment for the global medical concentrators market to grow without any hindrance. Portable oxygen concentrators which are used in aircraft has received nod from the Federal Aviation Administration, this move is expected to push the market to grow further.
Request a PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3998
Approval Process of New Products and Launches to Deter Market Growth
However it has been noticed that the players trying to get approval for their latest launch and product is a time taking process, which is likely to deter the growth of the market. Owing to various implementation of stringent rules and regulations pertaining to healthcare industry, all the players have to go through various protocols which are expected to slow down their growth rate. On the other hand, rising cases of fibrosis, lung diseases, asthma, and other respiratory diseases is likely to help the market to go up. Various initiatives taken up by government to provide subsides in order to develop healthcare infrastructure will play an important role.
Browse Research Release - https://www.transparencymarketresearch.com/pressrelease/medical-oxygen-concentrators-market.htm
The information presented in this review is based on a TMR report, titled “Medical Oxygen Concentrators Market (Modality - Portable and Stationary; Technology - Pulse Flow and Continuous Flow; End User - Hospitals, Home Care, and Ambulatory Surgical Centers) - Global Industry Analysis, Size, Share, Volume, Growth, Trends, and Forecast 2016 - 2024.”
Global medical oxygen concentrators market has been segmented as presented below:
Global Medical Oxygen Concentrators Market by Modality
- Portable
- Stationary
Global Medical Oxygen Concentrators Market by Technology
- Pulse Flow
- Continuous Flow
Global Medical Oxygen Concentrators Market by End User
- Hospitals
- Home Care
- Ambulatory Surgical Centers
Global Medical Oxygen Concentrators Market by Region
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- U.K.
- Germany
- Spain
- Italy
- France
- Rest of Europe
- Asia Pacific
- India
- Japan
- China
- Australia
- New Zealand
- Rest of Asia Pacific
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- Rest of MEA
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
Contact Us
Mr. Atil Chaudhari
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Research Blog: http://www.techyounme.com/