North America Oxygen Concentrators Market – Existing and Future Insights in Growth

An oxygen concentrator is a gadget that gives oxygen treatment to patients at considerably higher fixations than that of encompassing air and keeps the degree of oxygen in their blood stable. The increasing cases of various respiratory diseases such as sleep apnea, chronic pulmonary diseases, and others propel the need for oxygen therapies, thereby augmenting the growth of the market for oxygen concentrators. The presence of a large geriatric population and the increasing cases of the diseases mentioned above in the United States and Canada are considered the key factors augmenting the growth of the North American oxygen concentrators market. The recent impact of the novel COVID19 pandemic and the rising cases of respiratory disorders will further propel growth in the years to come.

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There are two sorts of oxygen concentrators: compact oxygen concentrators and fixed oxygen concentrators. Among these, portable oxygen concentrators are in high demand on account of their compact size, lightweight, and cost-efficiency. Companies such as Inogen Inc., Philips Healthcare, Inova Labs Inc., O2 Concepts, and DeVilbiss Healthcare are the key players of the North American oxygen concentrators market emphasizing sufficing to the increasing need for oxygen concentrators by patients in hospitals, further attributed to the increasing prevalence of coronavirus cases.

Gadgets that can conveyance oxygen treatments—outstandingly oxygen concentrators- – have ended up being a successful innovation for home segregation and in settings where there is an absence of accessibility of oxygen chambers. Various emergency clinics have seen a deficiency of oxygen chambers, notwithstanding makers repelling the assembling of such chambers.

The oxygen concentrators market is driven by the expanding pervasiveness of respiratory problems, quick development in the geriatric populace, the high commonness of tobacco smoking, inclination towards locally situated oxygen treatment, and innovative headways. In any case, the accessibility of minimal expense choices by nearby makers, rigid administrative rules creating setbacks for item endorsements, and Medicare repayment rate cuts for home oxygen treatment are limiting the development of this market partially.

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Author: Rohit Bhisey

As Head of Marketing at TMR Research, Rohit brings to the table over a decade of experience in market research and Internet marketing. His dedication, perseverance, and passion for perfection have enabled him to achieve immense success in his field. Rohit is an expert at formulating new business plans and strategies to help boost web traffic. His interests lie in writing news articles on technology,healthcare and business.

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