Product ID: UCMIG35B2069
Oxygen Cylinders and Concentrators Market Size, Share, Growth Analysis, By Product(Portable, Fixed), By Application(Healthcare, Pharmaceutical & Biotechnology), By Region(North America, Europe) - Industry Forecast 2024-2031
Report ID:
UCMIG35B2069 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Oxygen Cylinders and Concentrators Market Insights
Market Overview:
The oxygen cylinders and concentrators market was valued at USD 2.7 billion in 2018 and is expected to grow at a CAGR of over 8.9% from 2019 to 2025. One of the key factors driving market growth is the increasing geriatric population base, which is at a higher risk of acquiring respiratory disorders such as COPD. Aging can lead to a decline in the effectiveness of the lung's defense mechanism, as well as the weakening of respiratory muscles, making this population particularly vulnerable to respiratory issues. This is expected to be a high-impact factor driving market growth over the forecast period.
Oxygen Cylinders and Concentrators Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Supplies by segment aggregation, the contribution of the Health Care Supplies in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Oxygen Cylinders and Concentrators Market Report Snapshots
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