Market Forecasts and Industry Analysis Stationary Oxygen Concentrators Market Shares, Str

Worldwide, Market Shares & Strategies of
Stationary Oxygen Concentrators Market 2015
to 2021
“Home oxygen therapy can be defined as
administration of highly concentrated oxygen from
a therapeutic oxygen concentrator at home.”
Home oxygen therapy can be defined as administration of highly concentrated oxygen from
a therapeutic oxygen concentrator at home. A new study suggests that stationary oxygen
concentrators market was worth USD 670 million in 2014. It is projected to exceed USD 2.1
billion by 2021.
This growth is being driven by rising number of geriatrics across the globe. Older populace
often suffers from respiratory conditions like Chronic Obstructive Pulmonary Disease
(COPD). This necessitates homecare oxygen treatment. Oxygen supply greatly improves the
quality of life in sufferers of respiratory ailments. The market is also buoyed by entry of new
players and rising preference for lighter devices. Leading market participants include
Invacare Corporation, Philips Respironics, AirSep Corporation, and Covidien Ltd.
Adoption of home oxygen therapy has expanded since 1985 as this year marked its
coverage under health insurance. This has fueled demand for stationary oxygen
concentrators. The distribution system has also altered in recent times. The earlier
distribution model was primarily a delivery distribution sales model, having a cost structure
that accounted for truck rolls. The modern direct sales system has drastically changed the
industry dynamics. It has adversely affected vendors that rely on the distribution network.
They no longer enjoy a strong hold on the market.
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