Global Oxygen Concentrators Market was valued US$ XX Mn in 2019 and is expected to reach XX Mn by 2026, at a CAGR of XX % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Global Oxygen Concentrators Market
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An oxygen concentrator is a device, which concentrates the oxygen from a gas supply by selectively eliminating nitrogen to supply an oxygen-enriched product gas stream.
Growing prevalence of respiratory disorders, increasing the geriatric population, a great prevalence of tobacco smoking, rising consumer preference towards home-based oxygen therapy and technical advancements are expected to drive the global oxygen concentrators market.
Additionally, a growing number of programs from the different healthcare organizations for monitoring and diagnosing the patients, and increasing demand patient’s quality of life also boosts the growth in the oxygen concentrators market. On the other hand, the availability of low-cost alternatives by local manufacturers, strict regulatory guidelines causing delays in product approvals, and medical reimbursement rate cuts for home oxygen therapy are limiting the growth in the global oxygen concentrators market.