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Medical Oxygen Concentrators & Oxygen Cylinders Market worth $8.57 billion by 2030, growing at a CAGR of 10.33% - Exclusive Report by 360iResearch
Medical Oxygen Concentrators & Oxygen Cylinders Market | 360iResearch
The Global Medical Oxygen Concentrators & Oxygen Cylinders Market to grow from USD 4.30 billion in 2023 to USD 8.57 billion by 2030, at a CAGR of 10.33%.
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Medical oxygen concentrators and oxygen cylinders are critical devices utilized in healthcare settings for delivering oxygen therapy to patients experiencing issues related to the respiratory system. These devices have become essential as they provide a continuous supply of concentrated oxygen, which supports the treatment of chronic diseases, including chronic obstructive pulmonary disease (COPD), pneumonia, and other acute respiratory disorders. Environmental pollutants increase the risk of developing respiratory illnesses, creating the need for supplemental oxygen therapy solutions. However, the initial investment cost and ongoing maintenance costs may limit affordability for some patients or healthcare facilities in developing regions. Stringent regulatory requirements for product approvals may slow new product launches and affect market growth rates. In addition, manufacturers focus on incorporating telehealth features into these devices, enabling real-time patient health status monitoring and improving patient care management. Developing lightweight, low-noise, and low-maintenance devices further enhances user experience and expands market reach to a broader patient population.
In the Americas region, an aging population with chronic respiratory conditions has increased the need for medical oxygen concentrators and cylinders for supplemental oxygen due to low blood oxygen levels. Government bodies, including the National Institutes of Health (NIH), support research into innovative oxygen delivery systems across the region. In the Asia-Pacific region, rapid urbanization is leading to increased pollution levels, accelerating incidence rates of lung-related ailments such as asthma and COPD, which increases the need for medical oxygen concentrators and cylinders in India, China, Japan, Indonesia, and Australia. Various government initiatives improve healthcare infrastructure and facilitate access to essential medical devices, contributing to the market's growth. In European Union countries, well-established healthcare infrastructure combined with growing awareness about respiratory diseases is driving the need for medical oxygen concentrators and cylinders. In Africa and the Middle East, increased investment in healthcare facilities and rising respiratory disorder prevalence contribute to market growth. Several EU-funded projects aim to develop personalized medicine approaches for managing asthma and COPD patients using advanced monitoring technologies.
Market Segmentation & Coverage:
This research report categorizes the Medical Oxygen Concentrators & Oxygen Cylinders Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Oxygen Cylinders, Portable Medical Oxygen Concentrators & Oxygen Cylinders, and Stationary Medical Oxygen Concentrators & Oxygen Cylinders. The Portable Medical Oxygen Concentrators & Oxygen Cylinders is projected to witness significant market share during forecast period.
Based on Technology, market is studied across Continuous Flow and Pulse Flow. The Pulse Flow is projected to witness significant market share during forecast period.
Based on End-Use, market is studied across Home Care and Non Homecare. The Home Care is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 42.71% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Medical Oxygen Concentrators & Oxygen Cylinders Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Medical Oxygen Concentrators & Oxygen Cylinders Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Medical Oxygen Concentrators & Oxygen Cylinders Market, highlighting leading vendors and their innovative profiles. These include Air Products Inc., AMS Composite Cylinders, ARYA BioMed Corp., Caire Inc. by Niterra Group, Chaban Medical Ltd., Cobham Limited, DeVilbiss Healthcare GmbH, GCE Group AB, GVS S.p.A., Inogen Inc., Invacare Corporation, Koninklijke Philips N.V., Linde PLC, Luxfer Gas Cylinders, Microteck Systems & Solution, Narang Medical Limited, Nidek Medical Products, Inc., O2 Concepts, LLC, OxyGo, LLC, OxyMed, ResMed Inc., VARON, VitalAire Canada Inc., WEINMANN Emergency Medical Technology GmbH + Co. KG, and Yuwell-Jiangsu Yuyue medical equipment & supply Co., Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Medical Oxygen Concentrators & Oxygen Cylinders Market, by Product
7. Medical Oxygen Concentrators & Oxygen Cylinders Market, by Technology
8. Medical Oxygen Concentrators & Oxygen Cylinders Market, by End-Use
9. Americas Medical Oxygen Concentrators & Oxygen Cylinders Market
10. Asia-Pacific Medical Oxygen Concentrators & Oxygen Cylinders Market
11. Europe, Middle East & Africa Medical Oxygen Concentrators & Oxygen Cylinders Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Medical Oxygen Concentrators & Oxygen Cylinders Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Medical Oxygen Concentrators & Oxygen Cylinders Market?
3. What is the competitive strategic window for opportunities in the Medical Oxygen Concentrators & Oxygen Cylinders Market?
4. What are the technology trends and regulatory frameworks in the Medical Oxygen Concentrators & Oxygen Cylinders Market?
5. What is the market share of the leading vendors in the Medical Oxygen Concentrators & Oxygen Cylinders Market?
6. What modes and strategic moves are considered suitable for entering the Medical Oxygen Concentrators & Oxygen Cylinders Market?
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