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Report ID: UCMIR35E2052
Report ID:
UCMIR35E2052 |
Region:
Regional |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The North American oxygen concentrators market was valued at approximately $1.30 billion in 2022, and it is projected to exhibit a compound annual growth rate (CAGR) of 5.4% from 2023 to 2030. This growth can be attributed to the increasing prevalence of respiratory conditions like COPD, asthma, and sleep apnea, which are propelling the expansion of the respiratory care market. Moreover, advancements in respiratory technology have significantly contributed to the market's expansion. During the COVID-19 pandemic, the market experienced some positive effects as there was a heightened demand for advanced and cost-effective respiratory devices, with oxygen therapy emerging as a preferred choice for managing respiratory disorders during the crisis, catering to both acute and chronic patient needs.
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 Facilities by segment aggregation, the contribution of the Health Care Facilities 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.
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REQUEST FREE CUSTOMIZATIONThe market for North America Oxygen Concentrators was estimated to be valued at US$ XX Mn in 2021.
The North America Oxygen Concentrators Market is estimated to grow at a CAGR of XX% by 2028.
The North America Oxygen Concentrators Market is segmented on the basis of Product Outlook, Technology Outlook, Application Outlook, Regional Outlook.
Based on region, the North America Oxygen Concentrators Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
The key players operating in the North America Oxygen Concentrators Market are , Inogen, Inc. , Respironics (a subsidiary of Koninklijke Philips N.V.) , Invacare Corporation , Caire Medical (a subsidiary of NGK Spark Plug) , DeVilbiss Healthcare (a subsidiary of Drive Medical) , O2 Concepts , Nidek Medical Products, Inc..
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Report ID: UCMIR35E2052