Oxygen concentrators are widely used to treat patients with deficient supply of oxygen or who lack adequate amount of oxygen in blood. This device can be operated by being plugged into an energy source or using batteries. Oxygen concentrators are better alternative to oxygen cylinders that are heavy to carry everywhere. Oxygen concentrators can either be fixed devices or portable. Therefore, these devices can also be used at home. However, a prescription from a registered physician is required to purchase oxygen concentrators. Patients with severe respiratory disorders (asthma, nocturnal hypoxemia, terminal malignancy, and hypoxia) and cardiovascular diseases are prescribed oxygen concentrators. Moreover, oxygen concentrators are widely used in military or in case of disasters where carrying/using oxygen tanks could be risky due to its highly combustible nature.
Market Dynamics
The increasing number of surgeries is expected to offer lucrative growth opportunities for players in the global medical oxygen concentrators market. Generally oxygen is provided to patients at the time of surgery to prevent or treat acute hypoxaemia. For instance, according to Australian Institute of Health and Welfare’s Hospitals at a glance 2017–18 report updated in August 2019, admissions for emergency surgery increased between 2016-2017 and 2017-2018 by 2.9% in public hospitals and by 5.1% in private hospitals in Australia.
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