Market Revenue Medical Oxygen Concentrators Industry 2022

Medical Oxygen Concentrators Industry: 2022 Is Anticipated To
Rise at a Significant Rate in Next Couple of Years
“Medical Oxygen Concentrator is designed for the supply of enriched oxygen
gas from a gas supply. These devices use pressure swing absorption
technology used to separate some gas species from a mixture of gasses.”
Global Medical Oxygen Concentrator Market is expected to witness a high growth on account of its increasing
incidences of asthma and respiratory diseases. Medical oxygen concentrator is designed for the supply of
enriched oxygen gas from a gas supply. These products were invented in the early 1970’s and have
revolutionized medical treatments of chronic and acute patients. These devices use pressure swing absorption
technology used to separate some gas species from a mixture of gasses. Health care applications of this
concentrator are the major factor driving the overall market demand. These devices are useful in providing
oxygen supply to critical patients suffering from respiratory disorders. As per the Centers for Disease control
and Prevention, in 2013, around 22 million people suffered from asthma in the U.S. This device usage in the
treatment of asthma patients is expected to drive the market over the forecast period.
Home medical therapy is another factor that drives the market demand is expected to propel the growth in near
future. Recent trends have shown that there has been a significant growth household medical therapy. Rising
incidences of respiratory and cardio vascular diseases coupled with the aging population drive the usage of
oxygen concentrators at patients home. This has given rise to portable concentrators which allow patients to
carry their movements. Increasing application in commercial aircrafts has been driving the market demand in
recent years. In 2014, The Federal aviation administration, the U.S approved around 20 models and brands of
portable oxygen concentrators which can be used during air travel emergency. Medical applications in the
defense sector are anticipated to provide bright prospects for the overall industry growth.
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