The Global Medical Oxygen Concentrators Market Share, Trends, Analysis and Forecasts, 2020-2030 provides insights on key developments, business strategies, research & development activities, supply chain analysis, competitive landscape, and market composition analysis.
The Global Medical Oxygen Concentrators Market was worth US$ 1.8 billion in 2019. Medical oxygen concentrators act as a life saver for patients whose blood oxygen level is lower than required. The oxygen concentrators use the air in surrounding to minimize the nitrogen level and increase the oxygen concentration. They are a reliable source of sustainable supply of oxygen. The escalating issues related to environment pollution and increased geriatric population worldwide leads to rising demand for medical oxygen concentrators. There is a surge in the registered cases of Chronic Obstructive Pulmonary Disease (COPD), sleep apnea, asthma and other respiratory disorders. According to Centers for Disease Control and Prevention (CDC) 3.6% of adults in United States suffer from chronic bronchitis. Close to 65 million people globally suffer from COPD.
