The medical oxygen concentrators market was valued at USD 1.15 billion in 2021 and is expected to rise from USD 1.37 billion in 2022 to USD 4.80 billion by 2030, with a compound annual growth rate (CAGR) of 5.90% during the forecast period (2022- 2030).

A medical oxygen concentrator (Oxygen Concentrator) is a machine that is used by patients who need to use oxygen as required while resting or sleeping primarily at home or in hospitals. These machines typically come in handy when individuals have difficulty breathing or are at risk of suffering from breathing problems like sleep apnea and emphysema, complications following hematopoietic stem cell transplant, congestive heart failure, and other lung diseases, such as COVID and bronchial asthma. Oxygen concentrators are commonly used in hospitals to provide constant oxygen therapy to individuals with breathing problems during the night. This type of device is also used by patients who have a difficult time breathing when they sleep and need a portable machine that can either be carried or placed on their bedside table.

This report analyses the Medical Oxygen Concentrators market for the period 2023-2032. To execute a critical evaluation of trends, dynamics, and forecast of the market during these years. It provides an entry point for strategists and marketing executives to align their business with best-in-class competitor strategies along with opportunities of the latest trends in the market.

Market Segmentation

The global Medical Oxygen Concentrators Market is projected to grow from (USD 1755.8 million) in 2018 to 6895.8 million (USD xx million) by 2025, at a Compound Annual Growth Rate (CAGR) of 7.8%. during the forecast period. The market is mainly driven by factors such as constant rise in oxygen demand, the growing prevalence of COVID, and the use of medical oxygen concentrators by hospitals and clinics. Depending on possible symptoms of use and indications, wherever it is applicable, the market is segregated into three categories:

●       Chronic Obstructive Pulmonary Disease

●       Asthma

●       Sleep Apnea

Depending on available technologies , the market is segregated into two categories:

●       Continuos Flow

●       Pulse Dose

The products that can be marketed have been categorised into :

●       Portable Oxygen Concentrators

●       Stationary Oxygen Concentrators

List of end users to whom these can be marketed are :

●       Homecare Travels

●       Hospitals and Clinics

The worldwide market is divided into four sections: North America, Asia Pacific, Europe, and the Rest of the World.

Regional Classification

The global Medical Oxygen Concentrators market research is driven by factors such as increasing awareness regarding safety that galvanizes patient recruitment and wellness program initiatives. The growth in the geriatric population due to favorable demographic balances, the proven benefits of reduced mortality and higher survival rates resulting in improved treatment outcomes in clinical trials, technological advancements in the healthcare market, and rising disposable income across major markets such as North America largely drive the Medical Oxygen Concentrators Market expansion. The markets are protected by key players owing to their products being FDA compliant.

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