The detailed report of Portable Homecare Oxygen Concentrators Market evaluated by skilled experts is segmented into Application and Product. The Portable Homecare Oxygen Concentrators Market is anticipated to witness considerable development in the following years from 2018-2023.
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Industry Overview:
The Portable Homecare Oxygen Concentrators Market has encountered substantial growth over the recent years and is anticipated to grow tremendously over the forecast period. Developing aged populace base combined with supportive reimbursement schemes for portable homecare oxygen concentrators will drive industry development. Portable oxygen concentrator (POC) is a convenient medical device that provides oxygen to patients in the event that they have a condition bringing about low levels of oxygen in their blood. At times, it is also referred to as oxygen generators. POC is more versatile as it is small sized when compared with home oxygen concentrator. These concentrators give 95% unadulterated oxygen to patients through a mask. These are additionally used by mountaineers and travellers in places where there is insufficient supply of oxygen. There are two kinds of POC, in particular, continuous flow and pulse flow portable oxygen concentrators. The pulse dose technology is the most favored technology for portable home oxygen concentrators as it is more dependable and safe in comparison to different technologies. In addition, the implementation of these concentrators is developing quickly in homecare settings because of high patient base combined with quickly maturing populace around the world.
Major Key-playrers:
The leading players in the market are Drive DeVilbiss Healthcare, Invacare Corporation, Precision Medical Inc., Inogen Inc., O2 Concepts LLC, Chart Industries Inc., Koninklijke Philips N.V., and GCE Group. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
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Drivers and Restraints:
Portable oxygen concentrators market is fundamentally determined by the benefits offered, for example, easy usage, light weight in comparison with different concentrators, and capacity to provide effective care to COPD patients at home. Expanding aged populace is one of the main considerations in charge of the market development. As indicated by United Nations, aged populace is anticipated to reach in excess of 2 billion by 2050. The aging populace is at more danger of creating respiratory contaminations, for example, aspiratory hypertension, asthma and COPD that will support interest for oxygen concentrators prompting increment in market development. Additionally, mechanical progressions ascend in discretionary income, and different government activities to spread awareness about the illness will invigorate industry development.
The Portable Homecare Oxygen Concentrators Market is segmented as follows-
By Product: Pulse Flow & Continuous Flow
By End User: Homecare Settings & Hospitals and Ambulatory Surgical Centers
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Regional Outlook and Trend Analysis:
U.S. homecare oxygen concentrators held more than 88% of local income developing at more than 11% inferable from unhealthy way of life and launches of new products. Accessibility of different portable oxygen concentrators has expanded because of various progressions in technology and developing demand of patients. A vast portion of devices cost is secured by insurance plans, for example, Medicaid and Medicare. Developing demand for inexpensive and easy to use devices should fuel homecare oxygen concentrator’s market estimate. APAC will be the quickest developing district inferable from the existence of tremendous aged populace base, enhanced lifestyle and developing healthcare infrastructure.
Major ToC of Homecare Oxygen Concentrators Market:
Chapter 1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
Chapter 2. Executive Summary
2.1. Key Highlights
Chapter 3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
...CONTINUED FOR TOC
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