Global Portable Oxygen Concentrators Market to Grow at $2.2 Billion by 2021
DALLAS, April 1, 2015 /PRNewswire/ --
Lifescienceindustryresearch.com adds Portable Oxygen Concentrators: Market Shares, Strategies, and Forecasts, Worldwide, 2015 to 2021 in its store. A new 2015 study on Portable Oxygen Concentrators Market has 458 pages, 150 tables and figures. Worldwide markets are poised to achieve continued growth. Portable oxygen concentrators support lifestyle for oxygen users.
The report says Portable oxygen concentrator market size at $744 million in 2014 is expected to grow to $2.2 billion by 2021. Market growth is a result of the aging of the population and the increased need for oxygen.
Portable oxygen concentrators are approved by the FAA for use on airlines. People on oxygen wish to continue usual activities. Distributors are concentrated on determining which portable oxygen concentrator allows the freedom to continue a meaningful lifestyle. There are two types of oxygen delivery systems, providing supplemental oxygen therapy; continuous flow (Respironics SimplyGo, SeQual Eclipes,) and pulse dose (Inogen One G3, AirSep Freestyle, Invacare XPO2,).
A pulse dose system is the most commonly used portable oxygen concentrator. Because of its light weight and long battery life, some lasting up to 8 hours on a single battery charge. Some oxygen users require continuous flow oxygen due to their diagnosis or illness progress. Continuous flow is required by any oxygen user who is titrating oxygen into their CPAP or BiPAP therapy.
Major factors driving the market for portable 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 portable oxygen concentrator devices are that they weigh less, are easy to use. They are affordable.
The complexion of the home oxygen market is changing. Home oxygen markets have been predicated on a dealer infrastructure. These dealers get reimbursed for regular deliveries of liquid oxygen used for supplemental oxygen, so the patient can go out, buy groceries, go to the movies, and visit family for a short time. The advent of reliable, inexpensive portable home oxygen concentrators has changed the market dynamic significantly.
No longer do patients need regular deliveries of liquid oxygen for supplemental purposes, so the patient can go out. Now, the patient just uses one device at home and while out of the home. The economics of the medical oxygen market have been changing for a long time. CMS Medicare and the private insurers that follow their lead have been resisting paying for supplemental liquid oxygen because the price of truck rolls is too high. With lowered reimbursement, the dealer distribution network, that has been in place for many years is no longer tenable.
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According to the market research study, "Technology has achieved major breakthroughs for portable oxygen concentrator units. Smaller and lighter units are of benefit to patients, supporting the ability to carry the devices easily."
A few companies dominate the portable oxygen concentrator market sector. Inogen has taken over the market leadership position with improved technology and innovative marketing. Invacare had carefully nurtured its distribution network and continues to do so, but the markets are changing with deliveries from dealers a problem in the industry and for reimbursement, giving Inogen market advantage.
The report Portable Oxygen Concentrators: Market Shares, Strategies, and Forecasts, Worldwide, 2015 to 2021 provides:
Portable Oxygen Concentrator Market Description and Market Dynamics that includes:
- Homecare Market Growth Factors
- Oxygen Concentrator Uses - Portable Oxygen Concentrator Functions, Separation Of Oxygen From Air and Technical Trade-Offs Necessary To Design A Portable Oxygen Concentrator (POC)
- Oxygen Concentrator Insurance Coverage - Oxygen Concentrator CMS HCPCS Code, Medicare Reimbursement
- The Goal of Oxygen Therapy
- Types of Oxygen Systems
- Oxygen Concentrator Applicable Population
- Home Oxygen Concentrator Equipment Medicare Reimbursement - Home Medical Equipment Market, Home Health Care, Third-party reimbursement and Portable Oxygen Patients Need Stationary Oxygen Concentrator's at Night
- Treatment Trends
- European Homecare Market Trends
- Marketing Globally
- Market Drivers For Healthcare Cost Containment
Portable Oxygen Concentrator Market Shares and Forecasts that include: Portable Oxygen Concentrator Market Shares, Market Forecasts, Respiratory Disease Market Metrics, Oxygen Concentrator Prices, Medical Conditions Requiring Supplemental Oxygen and Oxygen Concentrator Regional Market Analysis.
Portable Oxygen Concentrator Product Description that includes: Invacare® Portable Oxygen Concentrators, Drive Medical Oxus Reliability Plus, Chart Industries' CAIRE Inc, Inogen Portable Oxygen Concentrator Family, DeVilbiss Healthcare iGo Portable Oxygen Concentrator, Philips Healthcare EverGo, Inova Labs Activox Duo 2 Portable Oxygen Concentrator and Chinese Medical Oxygen Concentrators.
Oxygen Concentrator Technology: Oxygen Concentrator Compressor, Oxygen Concentrator Air Management, Oxygen Concentrator Air Travel, Oxygen Conserving Devices, Centers for Medicare and Medicaid. Types of Oxygen Systems - Liquid Oxygen Systems, Cylinder Oxygen Systems, Oxygen Conserving Devices. Pulsation Detection Device - Technological Trends, Ambulatory Oxygen, Liquid Oxygen, Oxygen Concentrators, Medical Applications / Oxygen Concentrators, Portable Oxygen Concentrator Fluidic System Trends; Medical Compressors; Gast Compressor Medical Applications; Zeolite; Respiratory Disease Conditions .
Market Leaders: Inogen, Philips Respironics, Invacare, Drive, Chart / Caire / SeQual, AirSep, Teijin and O2Concepts Oxlife
Market Participants: Air Liquide, Braun and Company, CareFusion / Intermed Equipment, Chart Industries, CAIRE / SeQual Technologies, Covidien, DeVilbiss Healthcare, Dräger, Drive Medical, Fanem, Fisher & Paykel Healthcare, Gardner Denver / Thomas Compressors, GE Healthcare, Getinge Group AB / Maquet, Graham Field, Hamilton Medical, Heinen & Loewenstein GmbH & Co, Inogen, Inova Labs, Jiuxin Medical, Leistung Engineering, Longfian Scitech, Merits, Nidek Medical, O2 Concepts, OSI Systems, ResMed, Smiths Group plc / Smiths Medical, Teleflex Incorporated / Teleflex Medical, Terumo, UltraNebs, VBox Trooper, Vitality Medical and Vygon.
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