The medical indoor oxygen concentrator is a medical device that concentrates the oxygen from a gas supply by selectively eliminating nitrogen to supply an oxygen-enriched product gas stream. A medical indoor oxygen concentrator takes in air from the environment and passes it through molecular sieve beds to concentrate room oxygen to vital levels for the patient. Medical indoor oxygen concentrators assist people who have a low oxygen level in their blood. Oxygen concentrators are suitable for administering point-of-care (POC) oxygen in developing-country settings, especially where cylinders and piped systems are unavailable or inappropriate. These devices provide sustainable and cost-effective oxygen to health facilities with reliable power. Medical indoor oxygen concentrators are used in hospitals or at home to produce oxygen for patients. PSA (Pressure Swing Adsorption) generators provide a cost-efficient, cheaper, and safer source of oxygen. They are a much more convenient alternative to tanks of cryogenic oxygen or pressurized cylinders. They can be used in various industries, including medical, pharmaceutical production, water treatment, and glass manufacture.PSA generators are particularly useful in remote or inaccessible parts of the world or mobile medical facilities like military hospitals and disaster facilities.
MARKET DYNAMICS
The medical indoor oxygen concentrators market has shown a significant evolution over the forecast period. The high flow in the worldwide number of patients requiring long-term oxygen therapy, rising prevalence of chronic obstructive pulmonary diseases, growth in healthcare spending, mounting demand for portable oxygen concentrators, and the presence of favorable government initiatives are the major factors driving the market growth. There is a massive demand for oxygen, and manufacturing involves various process cycles, including CO2 capture, which incurs a very high cost. This increased capital cost involved in CO2 capture might limit the growth of this market.Profitable growth opportunities are expected for players in the global medical oxygen concentrators market by the adoption of medical oxygen concentrators in veterinary anesthesia. The emergence of the COVID-19 pandemic has led to an increasing demand for medical oxygen concentrators, thereby creating opportunities for the growth of this market.Big players in the market are focused on adopting partnership strategies to enhance their market share. For instance, in October 2019, OxygenToGo, LLC, a Wyoming, U.S.-based provider of portable oxygen concentrators and services for oxygen-dependent travelers, partnered with Virgin Atlantic to provide portable oxygen concentrators for Virgin Atlantic passengers requiring medical oxygen onboard flights.
MARKET SCOPE
The "Medical Indoor Oxygen Concentrators Market Analysis to 2028" is a specialized and in-depth study of the medical devices in the healthcare industry with a particular focus on the global market trend analysis. This report provides an outline of the medical indoor oxygen concentrators market with detailed market segmentation by product, technology, and end-user. The medical indoor oxygen concentrators market is expected to witness a high rise during the forecast period. The report elaborates on the vital statistics on the market status of the leading players in the medical indoor oxygen concentrators market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The medical indoor oxygen concentrators market is segmented based on product, technology, and end-user. On basis of product, the market is segmented as portable medical oxygen concentrator and stationary medical oxygen concentrator. Based on the technology, the market is categorized as continuous flow and pulse flow. Based on end-user, the market is segmented as the home, hospitals, travelling ,and others.
REGIONAL FRAMEWORK
The report provides a complete outline of the industry, including both qualitative and quantitative information. It gives a sketch and forecast of the medical indoor oxygen concentrators market based on various segments. It also consists of market size and forecast estimates from the year 2020 to2028with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. The medical indoor oxygen concentrators market by each region is later sub-segmented into respective countries and segments. The report consists of the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the medical indoor oxygen concentrators market from both the demand and supply side. Further, it assesses market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also covers a precise PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South & Central America, after evaluating political, economic, social, and technological factors affecting the medical indoor oxygen concentrators market in these regions.
MARKET PLAYERS
The report contains critical developments in the medical indoor oxygen concentrators market as organic and inorganic growth strategies. Various firms are focusing on organic growth strategies like product launches, product approvals, and others, such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions and partnerships & collaborations. These activities have cleared the way for the expansion of business and customer base of market players. The market players from the medical indoor oxygen concentrators market are anticipated to have profitable growth opportunities in the coming years with the rising demand for radiation protection windows in the global market. Mentioned below is the list of few companies engaged in the medical indoor oxygen concentrators market.
The report also contains the profiles of key players in the medical indoor oxygen concentrators market, along with their SWOT analysis and market strategies. Additionally, the report focuses on leading industry players with information on company profiles, components, and services provided, financial information of the last three years, critical development in the past five years.
- Teijin Pharma Limited
- Inogen,Inc
- Jiangsu Yuyue Medical Equipment & Supply Co. Ltd.
- Precision Medical, Inc
- Nidek Medical Products Inc
- AIR WATER INC
- Sysmed
- Philips Healthcare
- GCE Group
- Invacare Corporation
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