What is the Market for Medical Oxygen Concentrators?What is the Market for Medical Oxygen Concentrators?
What is the market for medical oxygen concentrators?
What is the market for medical oxygen concentrators medical oxygen concentrators market is expected to grow at a healthy rate throughout the forecast period. This market is driven by the growing population of patients with respiratory disorders such as chronic obstructive pulmonary disease (COPD) and asthma.
COPD is the third-leading cause of death worldwide, with 3.23 million deaths reported in 2019. Increasing awareness about lung diseases and their importance in treatment is expected to boost the growth of the medical oxygen concentrators market.
Exploring the Booming Market for Medical Oxygen Concentrators: Trends and Opportunities
Rising geriatric population and the increased prevalence of respiratory disorders are expected to support the market growth over the next five years. Furthermore, the rise in government initiatives and the emphasis on providing medical oxygen concentrators to all patients who require them is anticipated to drive the market over the next few years.
Moreover, the COVID-19 pandemic is also expected to have a positive impact on the global oxygen concentrates & cylinders market over the next few years. The pandemic is causing a shortage of oxygen in several parts of the world, and people with respiratory problems are relying on oxygen concentrates & cylinders to improve their quality of life.
Portable oxygen concentrators are devices that convert ambient air into high-purity oxygen for patient use. These devices can be used in various healthcare settings including hospitals, clinics, and home care facilities.
Pulse flow portable oxygen concentrators are projected to grow at a higher rate than other types of portable oxygen concentrators in the near future, due to their energy-efficient design and longer battery lifespan. They are also gaining popularity due to their convenience and reliability.…