Researchmoz added Most up-to-date research on "Stationary Oxygen Concentrators Market Are Set To Become A $2.0 Billion In 2021" to its huge collection of research reports.
The 2015 study has 464 pages, 187 tables and figures. Worldwide markets are poised to achieve continuing growth as the aging population worldwide needs homecare oxygen treatment. Older people develop COPD and other respiratory conditions where oxygen is able to improve the quality of the life in a dramatic manner. Portable devices have become affordable and support a mobile lifestyle even while on oxygen.
The 2015 study has 464 pages, 187 tables and figures. Worldwide markets are poised to achieve continuing growth as the aging population worldwide needs homecare oxygen treatment. Older people develop COPD and other respiratory conditions where oxygen is able to improve the quality of the life in a dramatic manner. Portable devices have become affordable and support a mobile lifestyle even while on oxygen.
Stationary oxygen concentrators are
needed for night use by patients on portable oxygen concentrators during
the day. People on oxygen wish to continue usual activities, the
portable devices are useful for that during the day. Distributors are
concentrated on determining which stationary oxygen concentrator
supports patient lifestyle.
Major factors driving the market for
stationary oxygen concentrators include its ability to provide oxygen
under all circumstances. The worldwide aging population. An increase
in the number of people with COPD and other respiratory diseases.
Advantages of newer stationary oxygen concentrator devices are that
they weigh less, are somewhat quieter than toe older units, and are
easy to use. They are generally affordable but reimbursement drives
markets.
There has been a quantum improvement
in the home based stationary oxygen concentrator technology. Less
weight, more power are the characteristics of the new stationary units.
The huge jump in technology is illustrated by the effectiveness of the
devices in providing improved patient lifestyle.
Stationary concentrator systems are
always used by a patient to supplement portable oxygen concentrators.
Portable oxygen must be supplemented with standard large, bulky, and
inefficient, heavy, and impractical stationary devices because the
stationary devices provide a more stable source of oxygen during sleep.
According to Susan Eustis, lead author
of the team that wrote the study, “This transformation from stationary
to portable devices presents an opportunity for people who make oxygen
equipment. Economies of scale and a new distribution modality
leveraging homecare services are set to change the medical oxygen
industry. Home delivery markets tend to be shrinking. Users of
stationary oxygen systems generally still need a stationary unit for
night, but service needed is limited.”
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Home oxygen therapy (HOT), is
administration at home of highly concentrated oxygen produced using a
therapeutic oxygen concentrator as an ongoing therapy for patients with
chronic respiratory ailments.
Home oxygen therapy has spread rapidly
since health insurance began covering these treatments in 1985.
Stationary oxygen concentrator markets at $669.5 million market in 2014
are set to become a $2.0 billion market in 2021. Steady growth is
anticipated because the portable units will still need a stationary unit
for sleeping throughout the forecast period.
The move from a primary delivery
distribution sales model with a cost structure that accounts for truck
rolls to a portable device market has brought havoc to the industry,
permitting the evolution of a direct sales system. This has brought
dramatic changes to the industry. For vendors that have relied on the
distribution network and financing the distribution network, their hold
on the market has shifted.
Oxygen concentrator markets at $669.5
million in 2014 are anticipated to reach $2 billion dollars by 2021.
Growth is a result of new competitors in the market, demand for the
smaller lighter technology by patients, and the market need by for
stationary devices at home even as portable devices provide greater
mobility support for older people.
WinterGreen Research is an independent
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Companies Profiled
Market Leaders
- Chart / Caire / SeQual
- Philips Respironics
- AirSep
- Invacare
Market Participants
- Air Liquide
- Braun and Company
- CareFusion / Intermed Equipment
- Chart Industries
- CAIRE / SeQual Technologies
- Covidien
- DeVilbiss Healthcare
Key Topics
- Oxygen Concentrator
- Stationary Oxygen Concentrators
- Medical Oxygen
- Portable Oxygen Concentrators
- Homecare
- Home Oxygen
- Home Medical Equipment
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