India Oxygen concentrators Market to Grow with a double digit CAGR until FY2027
Increasing health awareness among the population is driving the growth of India Oxygen concentrators Market in the forecast years.
According to TechSci report on, “India Oxygen Concentrators Market By Type (Portable v/s Stationary) By Technology (Pulse Flow v/s Continuous Flow) By Application (Bronchitis, Pneumonia, COVID-19, Lung Cancer, Others) By End Users (Hospitals & Clinics, Ambulatory Care Centres, Home Care) By Region, Competition Forecast & Opportunities, FY2027”,India oxygen concentrators market has shown promising growth in historical years until FY2020 and is expected to continue its growth in upcoming forecast years FY2023 to FY2027. India oxygen concentrators market owes its growth to the factors like increasing cases of pulmonary diseases among the population along with the surge in demand of the oxygen concentrators in the healthcare industry owing to the increasing number of chronic patients with respiratory disorders. Also, the rising number of COVID-19 infected patients is driving the growth of the India oxygen concentrators market in the forecast period until FY2027.
According to the records of World Health Organization (WHO) about 20 million patients suffer from asthma in the country. To cater their requirement of the oxygen and to provide it with efficiency and timed supply, the demand for the oxygen concentrator is anticipated to surge the growth of the market. Moreover, Indian government is undertaking initiatives to improve the access to the disease management, these innovations coupled with the provision of technologically advanced products will boost the market growth in the next five years. However, stringent regulatory landscape associated with manufacturing and marketing standards of medical oxygen concentrators may limit product approvals of product manufacturers.
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The India oxygen concentrators market is segmented by type, technology, application, end user, competitional landscape, and regional analysis. Based on technology, the market is further categorized into pulse flow and continuous flow. Pulse flow oxygen concentrators work on the principle where it provides puffs of oxygen when the patient inhales. Continuous flow provides oxygen regardless of whether the oxygen patient is inhaling or exhaling.
Based on application, the market is further fragmented by bronchitis, pneumonia, COVID-19, lung cancer, and others. COVID-19 is anticipated to hold the largest market share owing to the large number of the patients that is continuously increasing due to the new strain of virus that was recently discovered. Moreover, other lung problems like bronchitis, is also anticipated to hold a significant market share owing to the increased pollution and foul air quality of the country. Based on end user the market is categorized on the basis of hospitals & clinics, ambulatory care centres, home care. Hospitals & Clinics are anticipated to hold the largest market share in the future five years owing to the large sized tanks and need of expert monitoring for the supply t be consistent and continuous. Although, homecare is expected to experience the fastest growth in the market share owing to the pandemic situation the country is struggling with.
Some of the top players in the India oxygen concentrators market are, Philips India Limited, Invacare Corporation India, ResMed India Pvt. Ltd., Teijin India Private Limited, Inogen India, AirSep India, Nidek Medical India Pvt Ltd, Sanrai Med India Private Limited (O2 Concepts), GCE India Pvt. Ltd., Kannu Impex (India) Pvt. Ltd., among others. The companies are involving themselves into research and development for the methods of better quality, and various quality analysis tests to provide the better products.
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“India oxygen concentrators market is anticipated to grow on the factor of rising coronavirus infected patient count in the upcoming five years. The spread of virus has recently taken a new toll of death counts that has reached to more than one million. Market players who are looking for expansion or any new players who want to enter the market, may focus over the regions and cities with the higher patient counts and on the distribution methods for the supply of the product in the otherwise lacking areas,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Oxygen Concentrators Market By Type (Portable v/s Stationary) By Technology (Pulse Flow v/s Continuous Flow) By Application (Bronchitis, Pneumonia, COVID-19, Lung Cancer, Others) By End Users (Hospitals & Clinics, Ambulatory Care Centres, Home Care) By Region, Competition Forecast & Opportunities, FY2027” has evaluated the future growth potential of India 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 India oxygen concentrators market.
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