Expert's advice for Portable Oxygen Concentrators Market - Global Market Share, Market Price, Sourcing Strategy and Downstream Buyers, Production, Demands and Forecast 2022 Acute Market Reports
WinterGreen Research
announces that it has published a new study Portable
Oxygen Concentrators: Market Shares, Strategy, and Forecasts, Worldwide, 2015
to 2021. The 2015 study has 458 pages, 150 tables and figures. Worldwide
markets are poised to achieve continuing growth. Portable oxygen concentrators
support lifestyle for oxygen users.
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,).
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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.
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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.
According
to Susan Eustis, principal author of the team that developed 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.
Portable oxygen
concentrator market size at $744 million in 2014 is expected grow to $2.2
billion by 2021. Market growth is a result of the aging of the population and
the increased need for oxygen.
Winter
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Winter
Green Research is positioned to help customers face challenges that define the
modern enterprises. The increasingly global nature of science, technology and
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Winter Green Research supports various market segment programs; provides trusted technical services to the marketing departments. It carries out accurate market share and forecast analysis services for a range of commercial and government customers globally. These are all vital market research support solutions requiring trust and integrity
Winter Green Research supports various market segment programs; provides trusted technical services to the marketing departments. It carries out accurate market share and forecast analysis services for a range of commercial and government customers globally. These are all vital market research support solutions requiring trust and integrity
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