Registering a CAGR of 7.4% over the forecast period, the market value of Home Oxygen Generators is expected to reach US$ 2400 million in the year 2027.
Homecare oxygen generators are medical devices that provide supplemental oxygen to patients who have breathing problems outside of the hospital. Homecare oxygen generators filter the surrounding air and compress it to the necessary density in order to deliver purified oxygen for medical purposes. These are used to treat a variety of respiratory diseases, including emphysema, asthma, bronchitis, severe pneumonia, COPD, and lung cancer, among others.
Furthermore, the growing elderly population base in developed regions, which is predisposed to a variety of chronic respiratory diseases, will boost demand for Homecare oxygen Generators in the future. All of these factors are expected to have a positive impact on the demand for Homecare oxygen Generators during the forecast period.
Furthermore, the user-friendliness and convenience of advanced oxygen concentrators in personal use will propel market statistics. Increased healthcare spending, improved accessibility of Homecare oxygen Generators in developing countries, and favorable policies will boost the industry's growth potential even further.
Rising government initiatives in both developed and developing economies are expected to have an impact on market growth potential. For example, the UAE Department of Health launched a chronic respiratory disease awareness program to improve early detection rates, disease management, and quality respiratory disease treatment across the country. Such education programs provide information on advanced therapies and equipment used in disease treatment.
The report aspects discussed the profile of the top manufacturers of the global Home Oxygen Generators market. These aspects include the financial status of major companies, trending advancements, and the entire market scenario. Growth of the report has examined Home Oxygen Generators Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.
The global Home Oxygen Generators includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Air Products, AirSep Corporation, Oxymat A/S, Oxair Gas Systems Pty Ltd, Atlas Copco, Delta P S.r.l., Oxygen Generating Systems Intl. (OGSI), INMATEC GaseTechnologie GmbH & Co. KG, Omega Air, and Essex Industries. and others.
In May 2021, OxyGo LLC announced the acquisition of LIFE Corporation, a medical device company that manufactures portable emergency oxygen and CPR administration equipment. This acquisition enhanced the firm's development capabilities and provided market business development opportunities.
The market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
By Application, it is segmented into
North America's homecare oxygen concentrators market captured nearly 42 percent of the business share in 2021 and is expected to grow significantly over the study period. The significant growth is primarily due to the region's high prevalence of COPD and other respiratory diseases. According to the American Lung Association, approximately 16.4 million people were diagnosed with one of the types of COPD in 2018. Furthermore, smoking, increased tobacco consumption, and environmental changes are all contributing to an increase in the prevalence of respiratory diseases. The presence of leading market players offering advanced products to meet rising demand will drive regional market expansion.
The Home Oxygen Generators Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Home Oxygen Generators Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Scope of the Report covers the Home Oxygen Generators Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Home Oxygen Generators Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.
Report Attributes | Report Details |
Report Title | Home Oxygen Generators Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: Air Products, AirSep Corporation, Oxymat A/S, Oxair Gas Systems Pty Ltd |
Forecast Period 2022 to 2027 CAGR | CAGR of 7.4% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Air Products, AirSep Corporation, Oxymat A/S, Oxair Gas Systems Pty Ltd, Atlas Copco, Delta P S.r.l., Oxygen Generating Systems Intl. (OGSI), INMATEC GaseTechnologie GmbH & Co. KG, Omega Air, and Essex Industries. |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 100 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Home Oxygen Generators Market is studied from 2017 - 2027.
What is the growth rate of the Home Oxygen Generators Market?
The Home Oxygen Generators Market is growing at a CAGR of 7.4% over the next 5 years.
Who are the key players in Home Oxygen Generators Market?
Air Products, AirSep Corporation, Oxymat A/S, Oxair Gas Systems Pty Ltd, Atlas Copco, Delta P S.r.l., Oxygen Generating Systems Intl. (OGSI), INMATEC GaseTechnologie GmbH & Co. KG, Omega Air, and Essex Industries.
What regions does this Home Oxygen Generators Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Home Oxygen Generators Market?
Stationary, Portable
What are the major end-use applications of Home Oxygen Generators Market?
Home
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SECONDARY RESEARCH
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