Medical Indoor Oxygen Concentrators Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Medical Indoor Oxygen Concentrators Market covers analysis By Product (Portable Medical Oxygen Concentrator, Stationary Medical Oxygen Concentrator); Technology (Continuous Flow, Pulse Flow); End-user (Home, Hospitals, Travelling, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Mar 2024

  • Report Code : TIPRE00013738
  • Category : Medical Device
  • Status : Upcoming
  • No. of Pages : 150
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MARKET INTRODUCTION

The medical indoor oxygen concentrator is a medical device that concentrates the oxygen from a gas supply by selectively eliminating nitrogen to supply an oxygen-enriched product gas stream. A medical indoor oxygen concentrator takes in air from the environment and passes it through molecular sieve beds to concentrate room oxygen to vital levels for the patient. Medical indoor oxygen concentrators assist people who have a low oxygen level in their blood. Oxygen concentrators are suitable for administering point-of-care (POC) oxygen in developing-country settings, especially where cylinders and piped systems are unavailable or inappropriate. These devices provide sustainable and cost-effective oxygen to health facilities with reliable power. Medical indoor oxygen concentrators are used in hospitals or at home to produce oxygen for patients. PSA (Pressure Swing Adsorption) generators provide a cost-efficient, cheaper, and safer source of oxygen. They are a much more convenient alternative to tanks of cryogenic oxygen or pressurized cylinders. They can be used in various industries, including medical, pharmaceutical production, water treatment, and glass manufacture.PSA generators are particularly useful in remote or inaccessible parts of the world or mobile medical facilities like military hospitals and disaster facilities.

MARKET DYNAMICS

The medical indoor oxygen concentrators market has shown a significant evolution over the forecast period. The high flow in the worldwide number of patients requiring long-term oxygen therapy, rising prevalence of chronic obstructive pulmonary diseases, growth in healthcare spending, mounting demand for portable oxygen concentrators, and the presence of favorable government initiatives are the major factors driving the market growth. There is a massive demand for oxygen, and manufacturing involves various process cycles, including CO2 capture, which incurs a very high cost. This increased capital cost involved in CO2 capture might limit the growth of this market.Profitable growth opportunities are expected for players in the global medical oxygen concentrators market by the adoption of medical oxygen concentrators in veterinary anesthesia. The emergence of the COVID-19 pandemic has led to an increasing demand for medical oxygen concentrators, thereby creating opportunities for the growth of this market.Big players in the market are focused on adopting partnership strategies to enhance their market share. For instance, in October 2019, OxygenToGo, LLC, a Wyoming, U.S.-based provider of portable oxygen concentrators and services for oxygen-dependent travelers, partnered with Virgin Atlantic to provide portable oxygen concentrators for Virgin Atlantic passengers requiring medical oxygen onboard flights.

MARKET SCOPE

The "Medical Indoor Oxygen Concentrators Market Analysis to 2028" is a specialized and in-depth study of the medical devices in the healthcare industry with a particular focus on the global market trend analysis. This report provides an outline of the medical indoor oxygen concentrators market with detailed market segmentation by product, technology, and end-user. The medical indoor oxygen concentrators market is expected to witness a high rise during the forecast period. The report elaborates on the vital statistics on the market status of the leading players in the medical indoor oxygen concentrators market and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The medical indoor oxygen concentrators market is segmented based on product, technology, and end-user. On basis of product, the market is segmented as portable medical oxygen concentrator and stationary medical oxygen concentrator. Based on the technology, the market is categorized as continuous flow and pulse flow. Based on end-user, the market is segmented as the home, hospitals, travelling ,and others.

REGIONAL FRAMEWORK

The report provides a complete outline of the industry, including both qualitative and quantitative information. It gives a sketch and forecast of the medical indoor oxygen concentrators market based on various segments. It also consists of market size and forecast estimates from the year 2020 to2028with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. The medical indoor oxygen concentrators market by each region is later sub-segmented into respective countries and segments. The report consists of the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the medical indoor oxygen concentrators market from both the demand and supply side. Further, it assesses market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also covers a precise PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South & Central America, after evaluating political, economic, social, and technological factors affecting the medical indoor oxygen concentrators market in these regions.

World Geography

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MARKET PLAYERS


The report contains critical developments in the medical indoor oxygen concentrators market as organic and inorganic growth strategies. Various firms are focusing on organic growth strategies like product launches, product approvals, and others, such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions and partnerships & collaborations. These activities have cleared the way for the expansion of business and customer base of market players. The market players from the medical indoor oxygen concentrators market are anticipated to have profitable growth opportunities in the coming years with the rising demand for radiation protection windows in the global market. Mentioned below is the list of few companies engaged in the medical indoor oxygen concentrators market.
The report also contains the profiles of key players in the medical indoor oxygen concentrators market, along with their SWOT analysis and market strategies. Additionally, the report focuses on leading industry players with information on company profiles, components, and services provided, financial information of the last three years, critical development in the past five years.

  •  Teijin Pharma Limited
  •  Inogen,Inc
  •  Jiangsu Yuyue Medical Equipment & Supply Co. Ltd.
  •  Precision Medical, Inc
  •  Nidek Medical Products Inc
  •  AIR WATER INC
  •  Sysmed
  •  Philips Healthcare
  •  GCE Group
  •  Invacare Corporation

The Insight Partner's dedicated research and analysis team comprises of experienced professionals with advanced statistical expertise and offers various customization options in the current study.
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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

The List of Companies

1. Teijin Pharma Limited
2. Inogen,Inc
3. Jiangsu Yuyue Medical Equipment & Supply Co. Ltd.
4. Precision Medical, Inc
5. Nidek Medical Products Inc
6. AIR WATER INC
7. Sysmed
8. Philips Healthcare
9. GCE Group
10. Invacare Corporation

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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