High Flow Oxygen Concentrators: Market Shares, Strategies, and Forecasts, Worldwide, 2017 to 2023
- Key Topics
- High Flow Oxygen Concentrators
- Oxygen Concentrator
- Severely Ill Oxygen
- Home Oxygen Equipment
- Consumer Oxygen
- Nusing Home Oxygen
LEXINGTON, Massachusetts (September 20, 2017) – WinterGreen Research announces that it has published a new study High Flow Oxygen Concentrators: Market Shares, Strategy, and Forecasts, Worldwide, 2017 to 2023. The 2017 study has 224 pages, 67 tables and figures. Worldwide markets are poised to achieve continuing growth as the studies continue to show that the very ill need high flow oxygen.
High flow oxygen concentrators perform a strong function of caring for patients with serious respiratory disease. Equipment provides oxygen to people with lung disease, who are old, and to those who live in highly polluted areas. High flow 6LPM to 15LPM oxygen concentrators can provide more pure oxygen during the night than regular 5LPM units do. This is able to facilitate better sleeping and keep patients alive longer.
With stripped down functioning, devoid of the features needed to support mobility during the day, high flow oxygen concentrators become less expensive, lighter, and more fully fit to purpose than they were previously. This use of high flow oxygen concentrators provides continuous flow oxygen with units that extend the market for many years.
Major factors driving the market for high flow oxygen concentrators include its ability to provide oxygen under all circumstances. The worldwide aging population creates demand for high flow medical oxygen. An increase in the number of people with end stage COPD and other severe respiratory diseases creates need for advanced medical oxygen. Advantages of newer high flow oxygen concentrator devices are that they are more reliable. They are generally affordable. Reimbursement drives markets.
According to Susan Eustis, lead author of the team that wrote the study, “An oxygen concentrator with a high flow is necessary to meet the oxygen requirements of a patient in severe respiratory distress. A higher liter per minute setting is needed for more severe cases of low oxygen in the blood stream. A person with healthy lungs breathes 21% oxygen from the air. Someone with moderate to severe COPD breathes in a much lower percent. They need the extra oxygen provided by the high flow systems.”
High Flow Oxygen Equipment Market Forecasts
High flow oxygen concentrator markets at $148 million market in 2016 are set to become a $527.4 million market in 2023. These represent a very specialized type of oxygen equipment. Steady growth is anticipated because the high flow units are the only device that helps severely ill patients with respiratory disease with supplemental oxygen throughout the forecast period.
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This is the 717th report in a series of market research reports that provide forecasts in communications, telecommunications, the internet, computer, software, and telephone equipment. The project leaders take direct responsibility for writing and preparing each report. They have significant experience preparing industry studies. Forecasts are based on primary research and proprietary databases. Forecasts reflect analysis of the market trends in the segment and related segments. Unit and dollar shipments are analyzed through consideration of dollar volume of each market participation in the segment. Market share analysis includes conversations with key customers of products, industry segment leaders, marketing directors, distributors, leading market participants, and companies seeking to develop measurable market share. Over 200 in-depth interviews are conducted for each report with a broad range of key participants and opinion leaders in the market segment.
About the Company
WinterGreen Research, founded in 1985, provides strategic market assessments in telecommunications, communications equipment, health care, and advanced computer technology. Industry reports focus on opportunities that will expand existing markets or develop major new markets. The reports assess new product and service positioning strategies, new and evolving technologies, and technological impact on products, services, and markets. Market shares are provided. Leading market participants are profiled, and their marketing strategies, acquisitions, and strategic alliances are discussed. The principals of WinterGreen Research have been involved in analysis and forecasting of international business opportunities in telecommunications and advanced computer technology markets for over 30 years.
About the Principal Author
Susan Eustis, President, co-founder of WinterGreen Research, has done research in communications and computer markets and applications. She holds several patents in microcomputing and parallel processing. She is the author of recent studies of the Service Oriented Architecture (SOA) marketing strategies, Internet software, a study of Push to Talk Equipment, Worldwide Telecommunications Equipment, Top Ten Telecommunications, Digital Loop Carrier, Web Hosting, Business Process Management, Servers, Blades, the Mainframe as a Green Machine, and Application Server markets. Ms. Eustis is a graduate of Barnard College.