Global Oxygen Concentrators Industry (2020 to 2027) - Key Market Trends and Drivers - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jul 19, 2021--
The “Oxygen Concentrators - Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Amid the COVID-19 crisis, the global market for Oxygen Concentrators estimated at US$2.5 Billion in the year 2020, is projected to reach a revised size of US$5.3 Billion by 2027, growing at a CAGR of 11.4% over the period 2020-2027.
Portable Oxygen Concentrators, one of the segments analyzed in the report, is projected to record 13.4% CAGR and reach US$3.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Fixed Oxygen Concentrators segment is readjusted to a revised 8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $740.7 Million, While China is Forecast to Grow at 10.8% CAGR
The Oxygen Concentrators market in the U.S. is estimated at US$740.7 Million in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$928.4 Million by the year 2027 trailing a CAGR of 10.9% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10% and 9.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.1% CAGR.
Select Competitors (Total 43 Featured):
- Chart Industries, Inc.
- DeVilbiss Healthcare LLC
- Inogen, Inc.
- Invacare Corporation
- Medtronic PLC
- Nidek Medical Products, Inc.
- O2 Concepts, LLC
- Philips Healthcare
- Teijin Ltd.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of COVID-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- Total Companies Profiled: 43
For more information about this report visit https://www.researchandmarkets.com/r/ksgdch
View source version on businesswire.com:https://www.businesswire.com/news/home/20210719005569/en/
Laura Wood, Senior Press Manager
firstname.lastname@example.orgFor E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
INDUSTRY KEYWORD: HOSPITALS HEALTH MEDICAL SUPPLIES MEDICAL DEVICES
SOURCE: Research and Markets
Copyright Business Wire 2021.
PUB: 07/19/2021 10:58 AM/DISC: 07/19/2021 10:58 AM