Malaysia Oxygen Concentrators Market to Grow with a Double Digit CAGR until 2026
Advancing healthcare industry in the country is driving the growth of Malaysia Oxygen Concentrators Market, in the forecast period.
According to TechSci report on, “Malaysia Oxygen Concentrators Market By Type (Portable v/s Stationary) By Technology (Pulse Flow, Continuous Flow, Continuous/Pulse) By Flow-rate (0-5 l/min, 5-10 l/min, Above 10 l/min) By Source (Import v/s Domestic) By Application (COPD, Pneumonia, COVID-19, Hypoxemia, Others) By End Users (Hospitals & Clinics, Ambulatory Care Centers, Home Care) By Region, Competition Forecast & Opportunities, 2026”,Malaysia oxygen concentrators market has shown promising growth in historical years until 2019 and is expected to continue its growth in upcoming forecast years 2021 to 2026. Malaysia oxygen concentrators market owes its growth to the factors like surge in the demand of the oxygen concentrators to provide treatments to the rising number of COVID patients. Moreover, the rising number of viral infections, pulmonary heart failures, and respiratory disorders are driving the growth of the Malaysia oxygen concentrator market in the upcoming five years. Also, the research and technological advancement in the medical devices to provide the best available healthcare facilities to the country population is supporting the growth of the Malaysia oxygen concentrators market in the upcoming five years. Multiple temporary healthcare facilities are set up in the country under the government predicament, as the number of patients suffering from respiratory failure due to the viral infection from the SARS CoV-2 (coronavirus). Moreover, the rapidly developing medical facilities of the country is driving the growth of the Malaysia oxygen concentrators market exponentially in the next five years.
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The Malaysia oxygen concentrators market is segmented by type, technology, flow-rate, source, application, end users, regional distribution, and competitional analysis. Based on technology, the market is further segmented into continuous flow, pulse flow, continuous/ pulse (hybrid flow). Continuous flow is anticipated to hold the largest revenue shares of the market and dominate the market segment in the next five years. The market growth can be attributed to prevalence of chronic respiratory conditions that has led to high number of emergency cases of COVID and other infectious disease requiring continuous oxygen supply to patients. Also, increasing use of continuous flow concentrators during critical situations in healthcare facilities and the emergency situations including COVID patients with the critical condition, the growth of continuous flow oxygen concentrators is predicted and is expected to support the growth of the Malaysia oxygen concentrators market in the upcoming five years.
Based on application, the market is further bifurcated into COPD, pneumonia, COVID-19, hypoxemia, and others. COPD is anticipated to hold the largest shares of the market segment due to consistent inflow of patients suffering from chronic obtrusive pulmonary disease that causes obstructed airflow from the lungs. COVID-19 is expected to register the fastest growth in the CAGR in the next five years due to the recent hit from the pandemic.
A partial list of market player in the Malaysia oxygen concentrators market includes, LKL Advance Metaltech Sdn Bhd (LKL International Berhad), Neolee Rehab Supply Sdn Bhd, Frago Impex Sdn. Bhd., Piyatech Sdn. Bhd., Stryker Corporation (Malaysia) Sdn Bhd, Victor Steel Equipment Sdn Bhd., ProMed Marketing Sdn Bhd, Nazmed Sdn Bhd, among others. These market players hold larger shares of the market than the new market players. With the advancement of the technology, it is appropriate to say that the effective research and development of the technologically advanced medical devices would support the market growth and benefit the market players as well as the consumers. New market players may focus on the research and development to provide devices that satisfies the consumer demand as well as benefits the market players in building their brand value. Other competitive strategies include mergers & acquisitions and new product developments.
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“Malaysian healthcare industry is still developing and the scope of the establishment of a new market player along with open strategies are available in Malaysia healthcare market. Technological advancement is slowly growing, and the demand of medically advanced and equipped staff and facility is also taking over the market. New market player may establish themselves with the advancing technology. Although the surge in the number of patients suffering from COVID has rapidly increase and thus has the surge in the demand for the oxygen concentrators. Where government and private healthcare facility are setting up temporary camps for the treatments of the patients, cheaper, more viable options of oxygen concentrators, preferably the portable devices to combat any future pandemic or similar epidemic has raised general concerns that can provide better opportunity for the market players. Increasing cases of COVID is a major concern for the government of the country as well as the global healthcare systems. Market players can establish their place with the advancing technologies in the future market,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Malaysia Oxygen Concentrators Market By Type (Portable v/s Stationary) By Technology (Pulse Flow, Continuous Flow, Continuous/Pulse) By Flow-rate (0-5l/min, 5-10l/min, Above 10l/min) By Source (Import v/s Domestic) By Application (COPD, Pneumonia, COVID-19, Hypoxemia, Others) By End Users (Hospitals & Clinics, Ambulatory Care Centers, Home Care) By Region, Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of Malaysia oxygen concentrators market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Malaysia oxygen concentrators market.
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