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Oxygen Cylinders, Concentrators Market
Oxygen Cylinders, Concentrators Market is estimated to surpass $ 3.7 Billion marks in 2019 and reach USD 9.5 Billion by 2024, at a Compound Annual Growth Rate (CAGR) of 10.3% during the forecast period 2016-2024 globally. Oxygen Cylinders, Concentrators Market is poised to witness robust growth over the forecast period. Increasing geriatric population base will serve as a high impact rendering factor. The elderly population is at a greater risk of acquiring respiratory disorders such as COPD.
Aging leads to a decline in the effectiveness of the defense mechanism of the lung along with the weakening of respiratory muscles. Moreover, there is a decrease in peak airflow and the maximum amount of air that can be breathed out after a maximum inhalation.Oxygen Cylinders and Concentrators MarketOxygen Cylinders and Concentrators Market1A rising number of smokers and growing exposure to dust particles will further fuel business growth. Cigarette smoke releases chemicals which are absorbed by lungs leading to tissue and cell damage. Inhalation of dust particles and their consequent settling in the airways may lead to inflammation of the trachea or bronchitis. These factors increase the risk of acquiring respiratory diseases.Oxygen Cylinders and Concentrators Market2 Healthcare segment of Oxygen Cylinders, Concentrators Market accounted for the largest revenue share in 2017 owing to the substantial number of patients’ dependent on oxygen. Increasing incidence of respiratory disorders such as COPD, asthma will fuel industry growth over the forecast years. Oxygen concentrators are used to deliver supplementary oxygen to individuals suffering from COPD, chronic hypoxemia, and pulmonary enema. They are also used in adjunct treatment for severe sleep apnoea. Moreover, oxygen is also required during surgery and intensive care treatment. The increasing number of accidents and fatalities requiring immediate hospitalization and operation along with the rising number of surgeries should further propel demand.
North America Oxygen Cylinders, Concentrators Market accounted for the highest revenue in 2017 and is projected to grow at a significant rate during the forecast period. U.S. oxygen cylinders and concentrators market held over 85% of regional revenue share in 2016. An increasing prevalence of respiratory diseases and early diagnosis of these diseases will drive business growth. Presence of developed healthcare infrastructure and growing per capita income of the patients will further stimulate industry expansion.
Maximize Market Research has comprehensively analyzed Oxygen Cylinders, Concentrators Market emphasizing on each segment keeping global and regional dynamics in perspective. The driving forces, as well as considerable restraints, have been explained in depth to attain a balanced scenario. The report classifies Oxygen Cylinders, Concentrators Market into various segments such as Products, Applications, and Regions providing a thorough understanding of the Oxygen Cylinders and Concentrators Ecosystem. Importantly, the report delivers forecasts of the market, giving an insight into the future opportunities that exist in the Oxygen Cylinders, Concentrators Market.
The scope of the Oxygen Cylinders, Concentrators Market Report:
Oxygen Cylinders, Concentrators Market By Product:
Oxygen Cylinders, Concentrators MarketBy Applications:
Healthcare, Pharmaceutical & Biotechnology, Manufacturing, Aerospace & Automotive, Others
Oxygen Cylinders, Concentrators Market By Geography:
North America, Europe, Asia Pacific, Middle East & Africa and Latin America
Oxygen Cylinders, Concentrators Market-Key Players:
Koninklijke Philips N.V.
DeVilbiss Healthcare LLC
Nidek Medical Products, Inc.
Jiuxin Medical Technology Co., Ltd.
Becton, Dickinson and Company
Drägerwerk AG & Co. KGaA
Fisher & Paykel Healthcare Corporation Limited
Taiyo Nippon Sanso Corporation
Success Stories: Key Industry Players
Becton, Dickinson, and Company
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This Report Is Submitted By @Global Market Research Company
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Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
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