Oxygen Concentrators Market Record remarkable hike in Revenues by 2025: Credence Research

the global oxygen concentrators market was valued at US$ 1,045.6 Mn in 2016, and is expected to reach US$ 2,869.5 Mn by 2025 expanding at a CAGR of 10.97 % from 2017 to 2025.

The latest market report published by Credence Research, Inc. “Oxygen Concentrators Market - Growth, Future Prospects, Competitive Analysis, 2017 - 2025,” the global oxygen concentrators market was valued at US$ 1,045.6 Mn in 2016, and is expected to reach US$ 2,869.5 Mn by 2025 expanding at a CAGR of 10.97 % from 2017 to 2025.
Browse the full report Oxygen Concentrators Market - Growth, Future Prospects, Competitive Analysis, 2017 – 2025 report at http://www.credenceresearch.com/report/oxygen-concentrators-market
Market Insights:
According to the World Bank study report the rise in air pollution and particulate matter such as sulfur dioxide, ozone, 2.5micron particulate matter, sand etc., due to rapid industrialization and urbanization has resulted in the surge of chronic pulmonary diseases. As per the World Health Organization report in 2015 approximately 3 million people died due to chronic pulmonary obstructive diseases which represents 5% of all the deaths globally.
Presently portable oxygen concentrator holds the largest market share due to key drivers such as increasing public health awareness, inherent features of oxygen concentrators such as lightweight, robustness, easy installation to main air ventilation supply etc. Additionally portable oxygen concentrators finds huge application in places such as airports, shopping malls, commercial airlines, and offices. Fixed oxygen concentrators will grow rapidly as it grants quick access to the oxygen concentrators as the auxiliaries are prefabricated so handling is easy and is of prime importance in elderly healthcare centers at night when the elderly patients with pulmonary complications are sleeping.
Homecare enjoys domination owing to increasing number of households addicted to smoking results in the demand for fresh air enriched in oxygen, promotes early patient recovery due to comfort and provides reinforcement care from the patient’s family and caregivers. Long term rehabilitation and nursing will record a steady growth on account of increasing high patient volume in these centers over the past decade, rise in geriatric population suffering with chronic pulmonary diseases requiring long term medical intervention.
The oxygen concentrators market is made of chief players such as AirSep Corporation, Covidien Ltd., DeVilbiss Healthcare, Inogen, Inc., Inova Labs, Inc., Invacare Corporation, Nidek Medical, O2 Concepts, Philips Healthcare, Teijin Ltd and Teleflex Incorporated.
Key Market Movements:
• Rising prevalence of chronic pulmonary diseases such as asthma, COPD, bronchitis and emphysema
• Increasing public health awareness and disposable incomes in the developing nations to drive oxygen concentrators market growth
• Supportive regulatory environment for oxygen concentrators products
• Technological advancement in the components of oxygen concentrators will propel market penetration for oxygen concentrators in the developing regions
Browse the full report Oxygen Concentrators Market - Growth, Future Prospects, Competitive Analysis, 2017 – 2025 report at http://www.credenceresearch.com/report/oxygen-concentrators-market

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Oxygen concentrators typically use pressure swing adsorption (PSA) technology and are used very widely for oxygen provision in healthcare applications, especially where liquid or pressurized oxygen is too dangerous or inconvenient, such as in homes or in portable clinics. For other purposes there are also concentrators based on membrane technology. An oxygen concentrator takes in air and purifies it for use by people requiring medical oxygen due to low oxygen levels in their blood. Oxygen concentrators are also used to provide an economical source of oxygen in industrial processes, where they are also known as oxygen gas generators or oxygen generation plants. Oxygen concentrators utilize a molecular sieve to adsorb gases and operate on the principle of rapid pressure swing adsorption of atmospheric nitrogen onto zeolite minerals and then venting the nitrogen. This type of adsorption system is therefore functionally a nitrogen scrubber leaving the other atmospheric gases to pass through. This leaves oxygen as the primary gas remaining. PSA technology is a reliable and economical technique for small to mid-scale oxygen generation, with cryogenic separation more suitable at higher volumes and external delivery generally more suitable for small volumes.At high pressure, the porous zeolite adsorbs large quantities of nitrogen, due to its large surface area and chemical character. After the oxygen and other free components are collected the pressure drops which allows nitrogen to desorb.
Source: Wikipedia


How Does an Oxygen Concentrator Work?
An oxygen concentrator works much like a window air conditioning unit: it takes in air, modifies it and delivers it in a new form. An oxygen concentrator takes in air and purifies it for use by people requiring medical oxygen due to low oxygen levels in their blood.
It works by:
Taking in air from its surroundings
Compressing air, while the cooling mechanism keeps the concentrator from overheating
Removing nitrogen from the air via filter and sieve beds
Adjusting delivery settings with an electronic interface
Delivering the purified oxygen via a nasal cannula or mask
[Ref: inogen.com]
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