Oxygen
concentrators are widely used to treat patients with deficient supply
of oxygen or who lack adequate amount of oxygen in blood. These
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 device can also be used at home. However, a prescription from a
registered physician is required to purchase on oxygen concentrator.
Patients with severe respiratory disorders (asthma, nocturnal
hypoxemia, terminal malignancy and hypoxia) and cardiovascular
disease are prescribed oxygen concentrators. Besides, oxygen
concentrators are widely used in military or disaster situations
where carrying/using oxygen tanks could be perilous, given their
highly combustible nature.
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Market
Dynamics
Three
are defined regulatory guidelines for the prescribers to identify
situations wherein they can prescribe an oxygen concentrator. The
FDA, EU and Australian Government has guidelines defining the
prescribing authority, prescription writing and disorders for which
oxygen concentrators can be clinically used. This is to further
alleviate the risk of using oxygen concentrators in noncritical
conditions. Advanced functions in oxygen concentrators that enable
monitoring and controlling time-flow of oxygen makes it attractive
for users. Hospitals, who are the major users of this device, have an
option of selecting either continuous or pulse dose oxygen
concentrators. These variants serve users with different needs and
budgets.
Increasing
Product Competitiveness
Market
players are competing based on pricing and features, which is now
extended to technology. More compact and lightweight oxygen
concentrators are being made available in the market.
Furthermore, devices with different oxygen supplying capacities are
also introduced to target specific demands of users. Devices specific
for pediatric patients are now available, which have low flow-rate
making them ideal for hospital environments and also home use. In
addition, devices with pulse as well as continuous flow mode are now
available to eliminate the need to purchase two separate devices.
Furthermore, oxygen concentrators are now digitally connected to
monitor and ensure efficient functioning of the system. USB
connection and cloud-based network connection are a few advancements
in the technology. Such product developments and innovations would be
favorable for consistent growth of the global oxygen concentrators
market.
Key
companies - Oxygen Concentrators Market
Koninklijke
Philips N.V., Oxygen to Go, LLC, Inogen, Invacare Corporation, O2
Concepts, LLC, AirSep Corporation, DeVilbiss Healthcare, Teijin
Limited, Nidek Medical products, Inc., and Covidien Ltd.
Detailed
Segmentation:
Global
Oxygen Concentrators Market, By Product Type:
•
Fixed
•
Portable
Global
Oxygen Concentrators Market, By End User:
•
Hospitals
•
Home Care Settings
•
Others
Global
Oxygen Concentrators Market, By Geography:
•
North America
•
Latin America
•
Europe
•
Asia Pacific
•
Middle East
•
Africa
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