Market Definition
Homecare oxygen concentrators are medical devices designed for delivering supplementary oxygen to patients with breathing complications outside healthcare facilities. Homecare oxygen concentrators filter surrounding air and compress it to the required density to deliver purified oxygen for medical purposes. These are used in the treatment of numerous respiratory diseases including emphysema, asthma, bronchitis, intense pneumonia, COPD, and lung malignancy among others requiring oxygen therapy.
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Market Dynamics
Homecare oxygen concentrators market growth is driven by the increasing prevalence of chronic respiratory diseases, especially, in developed countries. The increasing prevalence rate is owing to several risk factors such as sedentary lifestyle, smoking habits, and environmental exposure among others. Chronic obstructive pulmonary disease (COPD) and asthma are among the leading respiratory diseases across the world. For instance, as per the World Health Organization, nearly 3.23 million deaths were caused due to COPD, globally, in 2019. Thus, the increasing need for additional oxygen supply in COPD treatment will augment the market statistics. Furthermore, a booming elderly population base highly prone to numerous chronic respiratory diseases across the developed regions will positively impact the demand for home care oxygen concentrators in the future. All these factors are expected to positively impact the homecare oxygen concentrators demand during the forecast timeframe.
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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers, and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Market Segments
The report analyses the global homecare oxygen concentrators market based on product, technology, and region. The homecare oxygen concentrators market based on product is classified into portable oxygen concentrators and fixed oxygen concentrators. The homecare oxygen concentrators market based on technology is classified into continuous flow and pulse flow. Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World.
Key Player
The key players in the homecare oxygen concentrators market are Precision Medical Inc., Besco Medical Co., Air Water Inc., Yuwell, Longfian Scitech Co., BOC Healthcare, Chart Industries, Drive DeVibiss Healthcare Inc., Inogen Inc., and Inova Labs Inc., among others.
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porter 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
- Forecast Period – 2024-2033
- Base Year – 2023
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