Homecare Oxygen Concentrators Market to reach $1.5bn by 2023

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Europe Homecare Oxygen Concentrators Market
expected to witness 10 CAGR led by Germany
Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Homecare Oxygen Concentrators
Market

• Growing healthcare expenditure, disposable income
  trends and the favorable reforms will drive
  homecare oxygen concentrators market size.
• Improvement in healthcare infrastructure coupled
  with introduction of technologically advanced
  homecare devices should propel industry growth.
• High prevalence of chronic pulmonary and
  respiratory disorders along with rapid adoption
  of home healthcare services for patient care
  should stimulate global homecare oxygen
  concentrators market size.
• Homecare oxygen concentrators market growth
  should be restrained by the strict government
  regulations and longer approval time for medical
  devices. Presence of environmental guidelines for
  use and disposal of oxygen concentrators
  by-products should also hamper industry expansion.

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Continued...

• Portable home oxygen concentrators led the
  industry growth with over USD 480 million for
  2015. It is the most widely used homecare oxygen
  concentrator owing to its ease of use, light
  weight and ability to provide effective care to
  the patients suffering from COPD and other
  respiratory diseases.
• Liquid oxygen is the fastest growing business
  segment with industry size set to exceed USD 125
  million by 2024.
• Some of the factors contributing to its high
  growth are its capacity to store more oxygen
  volume in lesser space, light weight and its
  affordability due to no electricity consumption.
• Some of the key companies operating in homecare
  oxygen concentrators market space include
  Covidien, Teijen, Precision Medical, Invacare,
  AirSep, Yuwell, BOC Healthcare, Nidek Medical,
  Drive DeVilbiss Healthcare, and Philips
  Healthcare.

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Germany Homecare Oxygen Concentrators Market
size, by product, 2012-2023 (USD Million)

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Continued...

• U.S. homecare oxygen concentrators market share
  was over 88 of regional revenue in 2015. High
  prevalence of respiratory diseases, rising demand
  for home healthcare for geriatric population and
  growing adoption of innovative products will
  drive business growth.
• Germany homecare oxygen concentrators market
  share accounted for over 31 of regional revenue
  in 2015. Large unmet needs for home healthcare
  services and increased prevalence of COPD will
  fuel Industry growth.
• UK homecare oxygen concentrators market should
  witness lucrative growth over forecast years to
  reach USD 118 million by 2023. Increasing
  geriatric population, improved healthcare
  services and rapid growth related to new product
  development should drive industry growth.
• Japan should propel regional homecare oxygen
  concentrators market growth on account of its
  rising disposable income and favorable government
  initiatives to control healthcare costs.

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