Market prospects of oxygen cylinders and concentrators, comprehensive analysis and main market segments and forecasts, 2019-2025. Oxygen cylinders and concentrator market reports are a valuable source of data for business strategists. It provides an analysis of market growth for the industry overview and has historical and future prospects with the following parameters; cost, revenue, demand and supply data (if applicable). The report explores the current prospects of the world and major regions from the perspectives of participants, countries, product types and end industries. The oxygen cylinder and concentrator market research report provides comprehensive data that can enhance the understanding, scope and application of this report.
In 2018, the global oxygen cylinder and concentrator market was valued at US$2 billion and is expected to reach US$4.230 billion by 2025, with a compound annual growth rate of 9.8% during 2019-2025.
Oxygen cylinders and concentrators provide artificial oxygen at an optimal rate of 2L/min with appropriate humidity. When urban pollution is high or natural oxygen levels are low in high altitude areas, ordinary people use these two products in hospitals and patients’ homes to recover from illness.
The main factors driving market growth are the surge in the number of patients requiring long-term oxygen therapy (LTOT) worldwide, the rising prevalence of chronic obstructive pulmonary disease (COPD), asthma and sleep apnea, the increase in health care spending, and the increase in the use of portable oxygen concentrators. Increased demand and the existence of favorable government initiatives. In addition, the oxygen concentrator market was affected by the outbreak of the new crown pneumonia in 2019, which caused a severe shortage of ventilators worldwide.
Post time: Sep-12-2020