The report is designed to provide a holistic view of the Medical Oxygen Concentrators and Oxygen Cylinders Market It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; revenue, demands, and supply data (as applicable). Regional estimates and forecasts & trend analysis for eac country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxemburg, Rest of Europe, Japan, China, South Korea, India, Australia And New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America UAE, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa, etc.), and region (North America, Europe, Asia-Pacific, Middle East and Africa (MEA), and Latin America) are also available in the study. The impact of the COVID-19, and also forecasts its recovery post-COVID-19.
Data Bridge Market Research analyses that the global medical oxygen concentrators and oxygen cylinders market which was USD 3,400.00 million in 2022, expected to reach USD 5,337.82 million by 2030, and is expected to undergo a CAGR of 5.8% during the forecast period 2023-2030.
Top Companies in the Medical Oxygen Concentrators and Oxygen Cylinders Market
Medical Depot, Inc. (Canada), Koninklijke Philips N.V. (Netherlands), Invacare Corporation (U.S.), NIDEK MEDICAL INDIA (India), Inogen Inc. (U.S.), CAIRE Inc. (U.S.), O2 CONCEPTS LLC (U.S.), OxyGo,LLC (U.S.), Precision Medical, Inc. (U.S.), Linde plc (Ireland), Chart Industries (U.S.), GCE Group (Sweden), Drive DeVilbiss Healthcare (U.S.), Airgas Inc (U.S.), Messer SE & Co. KGaA (Germany), OrientMEd International (UAE), TECNO-GAZ SpA (Italy)
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This report segments the Medical Oxygen Concentrators and Oxygen Cylinders Market are:
Product
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Portable Oxygen Concentrator Cylinders
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Stationary Oxygen Concentrator Cylinders
Technology
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Continuous Flow
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Pulse Flow
End User
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Home Care
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Non Home Care
Drivers
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Increased Public Awareness of Personal Healthcare
The primary factor driving the global medical oxygen concentrators and oxygen cylinders market is the provision of oxygen in its purest form to medical equipment and the construction of cylinders. The key possibility for expanding the global medical oxygen concentrators and oxygen cylinders market is increased breathing problems due to diseases and increased public awareness of personal healthcare. Oxygen cylinders do not require batteries, which is another benefit for the market's growth.
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Growth in out-of-pocket Spending in the Healthcare Sector
In 2020, according to the WHO study the government health spending and out-of-pocket spending (OOPS) per capita have increased dramatically in several nations around the world during the previous decade. The rise in out-of-pocket spending indicates that a patient's out-of-pocket expenses are rising, and that medical insurance plays no part in assisting them financially. Out-of-pocket spending has accounted for over one-third of total health spending in all nations, excluding high-income countries, due to the presence of insurance firms and free healthcare. Increased OOPS spending has directly impacted the demand for oxygen concentrators in low and middle-income countries, with severe pollution levels. As a result of the increased demand, the market has grown.
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A reliable Medical Oxygen Concentrators and Oxygen Cylinders Market survey report is designed with the scrupulous market analysis carried out by a team of industry experts, dynamic analysts, skillful forecasters and well-informed researchers. And not to mention, the report is amazingly characterized by using several charts, graphs, and tables depending on the extent of data and information involved. What is more, influencing factors such as market drivers, market restraints and competitive analysis is studied with the SWOT analysis which is the most established tool when it comes to generate market research report. Businesses can achieve complete knowhow of general market conditions and tendencies with the information and data covered in the winning Medical Oxygen Concentrators and Oxygen Cylinders Market report.
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-Changing the Medical Oxygen Concentrators and Oxygen Cylinders Market dynamics of the industry
-In-depth market segmentation by Type, Application, etc.
-Historical, current, and projected Medical Oxygen Concentrators and Oxygen Cylinders Market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of Medical Oxygen Concentrators and Oxygen Cylinders Market
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.
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