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Medical Oxygen Concentrators & Oxygen Cylinders Market Report 2020-2026 With COVID-19 Implications For The Future $3.7 Billion Industry | Grand View Research, Inc.

Medical Oxygen Concentrators & Oxygen Cylinders Market Report 2020-2026 With COVID-19 Implications For The Future $3.7 Billion Industry | Grand View Research, Inc.

May 03
04:40 2021
Medical Oxygen Concentrators & Oxygen Cylinders Market Report 2020-2026 With COVID-19 Implications For The Future $3.7 Billion Industry | Grand View Research, Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report published by Grand View Research, the global medical oxygen concentrators and oxygen cylinders market is expected to expand due to the growing incidence of Chronic Obstructive Pulmonary Diseases (COPDs) and increasing technological advancements for the miniaturization of the oxygen concentrators

The global medical oxygen concentrators & oxygen cylinders market size is expected to reach USD 3.7 billion by 2026, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.2% over the forecast period. Technological improvements in oxygen concentrators, such as lesser weight, greater efficiency, high oxygen output, are anticipated to raise demand for portable concentrators, thereby aiding the growth of the market. These concentrators allow patients to adopt an active lifestyle. They can easily carry out their day-to-day activities while using these medical devices. Hence, manufacturers are trying to miniaturize these medical devices as smaller sizes are always preferred by patients.

In addition, the increasing prevalence of chronic obstructive pulmonary disease (COPD) and other lung disorders is another key factor driving the market. Prevalence of COPD and other lung disorders is high in tobacco smokers and people exposed to airborne pollutants. COPD is a leading cause of mortality and morbidity worldwide. According to the European Respiratory Society, in 2019, COPD emerged as the fourth major cause of mortality and morbidity and is expected to become the third leading cause of mortality and morbidity in the next ten years, if the prevalence grows at the same rate. According to the Global Burden of Disease Study, in 2016, the prevalence of COPD was 251 million globally.

COPD is a leading cause of death in the U.S., however many people are still ignorant about it, thus many cases remain undiagnosed. Hence, governments in various countries have undertaken initiatives to educate people about the early symptoms and ways of managing the condition. For instance, the National Heart, Lung, and Blood Institute (NHLBI) in the U.S. initiated the COPD Learn More Breathe Better Program-a national health education program that aims to create awareness about lung health in the country. The rising number of government initiatives and awareness campaigns by various organizations to educate patients about COPD is expected to drive the market for medical oxygen concentrators and cylinders over the forecast period. 

Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/medical-oxygen-concentrators-market

Medical Oxygen Concentrators & Oxygen Cylinders Market Report Highlights

 Portable concentrators emerged as the leading product segment in 2019 with a revenue share of 35.2%

By technology, continuous flow accounted for the largest revenue share in 2019. The pulse flow segment is projected to expand at the fastest CAGR during the forecast period

Based on end-user, home care emerged as the leading segment in 2019 owing to the growing usage of home-based therapy

North America accounted for the largest market share based on revenue in 2019. The increasing prevalence of COPD, the growing geriatric population, and technology advancements are driving the usage of these medical devices amongst people in the U.S.

Ask for Sample Pages @ https://www.grandviewresearch.com/industry-analysis/medical-oxygen-concentrators-market/request/rs1

Medical Oxygen Concentrators & Oxygen Cylinders Market Segmentation

Grand View Research has segmented the global medical oxygen concentrators & oxygen cylinders market on the basis of product, technology, end-user, and region:

Medical Oxygen Concentrators & Oxygen Cylinders Product Outlook (Volume, 000’ Units, Revenue, USD Million, 2014 – 2026)

     Portable Concentrator
     Stationary Concentrator
     Oxygen Cylinders

Medical Oxygen Concentrators & Oxygen Cylinders Technology Outlook (Volume, 000’ Units, Revenue, USD Million, 2014 – 2026)

     Continuous Flow
    • Pulse Flow

Medical Oxygen Concentrators & Oxygen Cylinders End-user Outlook (Volume, 000’ Units, Revenue, USD Million, 2014 – 2026)

     Home Care
    • Non-homecare

Medical Oxygen Concentrators & Oxygen Cylinders Regional Outlook (Volume, 000’ Units, Revenue, USD Million, 2014 – 2026)

     North America
        • The U.S.
        • Canada
     Europe
        • Germany
        • The U.K.
        • Spain
        • Italy
        • France
        • Russia
    • Asia Pacific
        • China
        • India
        • Japan
        • Singapore
        • Australia
        • South Korea
     Latin America
        • Brazil
        • Mexico
        • Argentina
    • Middle East & Africa
        • Saudi Arabia
        • UAE
        • South Africa

Have Any Query? Ask Our Experts @ https://www.grandviewresearch.com/inquiry/1594/ibb

About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. Grand View Research database is used by the world’s renowned academic institutions and Fortune 500 companies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide.

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Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
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Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/medical-oxygen-concentrators-market

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