Global Medical Oxygen Systems Market, By Product Type (Compressed Oxygen Cylinder, Oxygen Concentrator, Liquid Oxygen System), Modality (Portable Oxygen Cylinder, Stationary/ Standalone Oxygen System), By End User (Hospitals, Emergency Medical Centers, Ambulatory Surgical Centers, Home Care Settings), and Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025
Medical Oxygen Systems Market
PR-Inside.com: 2017-09-13 13:46:59
Medical oxygen systems are equipment ranging in various sizes containing oxygen. The stored oxygen is obtained in compressed, concentrated or liquid form. Medical oxygen systems are the integral factors supporting life systems in the healthcare facilities. The supplemental oxygen is delivered to the patient via oxygen mask. These systems are used to aid cardiovascular stability, restore tissue oxygen tension by improving oxygen availability, provide basis for the modern anesthetic techniques.
The medical oxygen systems market is expected to gain steady traction in the foreseeable future, as the devices finds application across a wide number of healthcare facilities. Manufacturers are focused on producing ultra-lightweight cylinders. For instance, the ultra-lightweight oxygen cylinders are portable devices manufactured by Luxfer and Boschi Italy, offering cost effective oxygen cylinders that are 30% lighter than conventional cylinders. Patient-driven system design and embedded valve regulatory technology by developing light weight portable oxygen systems.
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The increasing prevalence of chronic obstructive pulmonary diseases is the major factor driving the global medical oxygen systems market. According to the Department of Economic and Social Affairs Population Division 2013, the global geriatric population is set to reach over 2 billion by 2050 from 800 million in 2012. The geriatric population is at a higher risk of acquiring respiratory diseases like fibrosis, pulmonary hypertension and asthma. Additionally, the rising preference of interventional cardiologists for nonsurgical procedures, technological innovations and significant growth of the portable oxygen concentrators is expected to drive the growth of the medical oxygen systems market in North America and Western Europe over the forecast period. However, expensive product costs and stringent FDA regulations for the approval of new systems are the restraining factors for the global medical oxygen systems market.
This report segments the global medical oxygen systems market on the basis of product type, modality, end user, and geography. On the basis of product type, the medical oxygen systems market is categorized into compressed oxygen cylinder, oxygen concentrator and liquid oxygen system. On the basis of modality, the medical oxygen systems market is categorized into portable oxygen cylinder and stationary/ standalone oxygen system. On the basis of end-user, the medical oxygen systems market is categorized into hospital, emergency medical centers, ambulatory surgical centers, home care settings and others. For comprehensive understanding of market dynamics, the global medical oxygen systems market is analyzed across key geographical regions namely North America, Europe, Asia Pacific, Latin America, Africa, and Middle East. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
Key features of the study:
This report provides in-depth analysis of the medical oxygen systems and its application, market size (US$ Million) and Cumulative Annual Growth Rate (CAGR (%)) for the forecast period: 2017 – 2025, considering 2017 as the base year.
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global medical oxygen systems market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies and future plans
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Key companies covered as a part of this study include Cryofab Inc, Respironics, Inc., Medtronic, Atlas Copco, Terumo Medical Corporation, Keen Compressed Gas Co, Inogen Inc, GF Health Products, Inc. and Invacare Corporation.
Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future product launch, end user upgrades, market expansion and marketing tactics.
The global medical oxygen systems market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors and suppliers for Medical Oxygen Systems Market, research and consulting firms, new entrants and financial analysts.
Various strategy matrices used in analyzing the medical oxygen systems market would provide stakeholders vital inputs to make strategic decisions accordingly.
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