Homecare Oxygen Concentrators Market: Besco Medical Ltd. and Drive DeVilbiss Healthcare Ltd. are among Major Market Vendors
Trends, Drivers, and Vendor Forecasts for 2021-2025

The homecare oxygen concentrators market size is set to post an incremental growth of USD 1.21 billion, accelerating at a CAGR of 15% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to enable growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects. Unlock Free Sample Analysis Report

Homecare Oxygen Concentrators Market: Market Segments and Key Trends

The homecare oxygen concentrators market research report by Technavio provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth. The homecare oxygen concentrators market is segmented by Product (Portable and Stationary) and Geography (North America, Europe, Asia, and ROW). 36% of the market growth will originate from North America during the forecast period.

The rising healthcare expenditure is one of the major homecare oxygen concentrators market trends that will positively influence the market growth. However, the high cost of products may hamper the homecare oxygen concentrators market share.

Homecare Oxygen Concentrators Market: Growth Drivers

The increasing prevalence of respiratory diseases is one of the primary factors that will drive homecare oxygen concentrators market growth. The homecare oxygen concentrators market report provides an understanding of all the drivers that are likely to impact market growth. These insights will enable clients to design growth strategies that will leverage opportunities and neutralize challenges effectively.

Vendor Analysis: Besco Medical Ltd., Drive DeVilbiss Healthcare Ltd., and GCE Holding AB are key growth contributors

The market is fragmented due to the presence of several players. Besco Medical Ltd., Drive DeVilbiss Healthcare Ltd., GCE Holding AB, Inogen Inc., Koninklijke Philips NV, Nidek Medical Products Inc., Precision Medical Inc., ResMed Inc., and Teijin Ltd. are some of the major homecare oxygen concentrators market vendors.

The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.

Technavio's research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. Download the Free PDF Sample Report

Homecare Oxygen Concentrators Market: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive homecare oxygen concentrators market growth during the next five years
• Precise estimation of the homecare oxygen concentrators market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the homecare oxygen concentrators market industry across North America, Europe, Asia, and ROW
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of homecare oxygen concentrators market vendors

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerating at a CAGR of 15%.
    
2. What is the incremental growth of the market?
   The market is expected to grow up to USD 1.21 billion.
    
3. What is a key factor driving this market?
   The increasing prevalence of respiratory diseases will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   North America, Europe, Asia, and ROW are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market?
   36% growth will originate from North America.
    
6. Who are the leading market vendors?
   The leading vendors in this market are Besco Medical Ltd., Drive DeVilbiss Healthcare Ltd., GCE Holding AB, Inogen Inc., Koninklijke Philips NV, Nidek Medical Products Inc., Precision Medical Inc., ResMed Inc., and Teijin Ltd.
    
7. What are the market segments covered in this report?
   The market is segmented by Product (Portable and Stationary) and Geography (North America, Europe, Asia, and ROW).