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.
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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.
Oxygen
concentrators may be portable as well as stationary. Portable oxygen
concentrators facilitate mobility and allow patients to continue normal
activities. They are increasingly becoming affordable. Stationary oxygen
concentrators are useful at night. Their biggest advantage is that they can
provide oxygen under all circumstances. They are capable of providing a stable
supply of oxygen during sleep. Hence, portable devices are often supplemented
by stationary oxygen concentrators.
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Traditional
stationary devices have drawn flak for being too large, heavy and bulky which
often rendered them inefficient and impractical. These disadvantages are being
overcome by new-age machines. Newer stationary devices are lighter, more
powerful and less noisy than earlier versions. They are also easier to use.
Although affordable to many, favorable reimbursement policies have provided an
impetus to market growth.
Manufacturers
are focusing on developing products that minimally hamper a patient’s
lifestyle. Technological improvements are making home-based stationary oxygen
concentrators more effective and user-friendly. Study reveals that the medical
oxygen industry could undergo a change supported by economies of scale and new
distribution strategy that offers leverage to homecare services.
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Table of Contents
Stationary
Oxygen Concentrator Executive Summary 30
Stationary
Oxygen Concentrator 30
Home
Oxygen Market, Continues to Use Stationary Concentrators 31
Stationary
Oxygen Concentrator Home Medical Market Driving Forces 33
Change
in Home Oxygen Market 35
Pressure
To Reduce Costs As Part Of the Deficit Reduction Act (DRA) 36
Homecare
Services Model Replaces Distribution Model 37
Decisions
About Use Of Continuous Or Pulsed Oxygen 37
Research
on Oxygen Concentrators 39
Stationary
Oxygen Concentrators Market Driving Forces 40
Stationary
Oxygen Concentrator Market Shares 41
Stationary
Oxygen Concentrators 42
Stationary
Oxygen Concentrator Market Forecasts 43
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