Global Medical Oxygen Concentrators Market 2020-2024
Technavio has been monitoring the medical oxygen concentrators market and it is poised to grow by $1.14 bn during 2020-2024 progressing at a CAGR of 9% during the forecast period. Our reports on medical oxygen concentrators market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rising number of new product launches, increasing prevalence of respiratory diseases, and adoption of oxygen therapy due to outbreak of COVID-19. In addition, rising number of new product launches is anticipated to boost the growth of the market as well.
The medical oxygen concentrators market analysis includes type segment and geographic landscapes
Technavio's medical oxygen concentrators market is segmented as below:
By Geographic Landscapes
- North America
This study identifies the technological advances as one of the prime reasons driving the medical oxygen concentrators market growth during the next few years. Also, increasing popularity of online retailing, and paradigm shift toward home care settings will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our medical oxygen concentrators market covers the following areas:
- Medical oxygen concentrators market sizing
- Medical oxygen concentrators market forecast
- Medical oxygen concentrators market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading medical oxygen concentrators market vendors that include Chart Industries Inc., Drive DeVilbiss Healthcare Ltd., GCE Holding AB, Inogen Inc., InvacareÃ‚ Corp., Koninklijke Philips NV, Nidek Medical Products Inc., ResMed Inc., Teijin Ltd., and Zhengzhou Olive Electronic Technology Co. Ltd.. Also, the medical oxygen concentrators market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.