South America Medical Oxygen Concentrators Market

SKU: DMMD2097 | Last Updated On: Nov 08 2022 | Available Formats

> South America Medical Oxygen Concentrators Market Expected to reach a high CAGR of 7.2% By 2029 : DataM Intelligence

South America Medical Oxygen Concentrators Market is segmented By Product Type (Portable Oxygen Concentrators, Stationary Oxygen Concentrators), By End-User (Hospitals, Ambulatory Surgical Centers (ASCs), Home Care, Others), and By Region – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

South America Medical Oxygen Concentrators Market size was valued at US$ YY million in 2022 and is estimated to reach US$ YY million by 2029, growing at a CAGR of 7.2% during the forecast period (2022-2029).

Neuroprosthetics Market

Metrics

Details

Market CAGR

7.2%

Segments Covered

By ProductType, By End User, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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An oxygen concentrator is a device that concentrates the oxygen from a gas supply by selectively removing nitrogen to supply an oxygen-enriched product gas stream. Medical oxygen concentrators are mainly in hospitals or at home to produce oxygen for patients.

Market Dynamics

The rising prevalence of asthma and COPD is one of the key factors driving the South American medical oxygen concentrators market, as these patients require purified oxygen.

The rising prevalence of pulmonary diseases is expected to drive market growth.

The growing prevalence of asthma and COPD is one of the key factors driving the South America medical oxygen concentrators market, as these patients require purified oxygen. COPD is the most common disease in the elderly population. It is a progressive illness that takes several years to develop. Most people are at least 40 years old when symptoms of COPD first appear. It’s not impossible to develop COPD as a young adult, but it is rare. The current population of Brazil is 215,876,387; people aged 65 and above were 9.21% (male 8,323,344/female 11,176,018) in 2020, and a major percentage of asthma and COPD patients are of the geriatric population. In addition, the increasing number of ICU cases is fueling the South American oxygen concentrators market. In critical care, it is essential to monitor ICU patients; the decisive endpoint is the supply of oxygen to tissues according to their metabolic needs to fuel mitochondrial respiration, therefore enhanced and purified oxygen supply is required in the intensive care unit; therefore, the presence of a large number of ICU in Brazil is fueling the market growth. For instance, according to the data retrieved from the Brazilian Information Technology Department of the Public Health Care System, in 2020, there were around 35,682 ICU beds, 426,388 hospital beds, and 65,411 ventilators in Brazil.

The high cost of devices is expected to hinder South America medical oxygen concentrators market growth.

However, the high cost of devices is hampering the growth of the South America medical oxygen concentrators market. The main cause of this extremely high cost is that current testing methods of evaluating medical oxygen concentrators are extremely time-consuming and expensive as many patients must be tested over a long period. In the case of bigger stationary oxygen concentrators, the initial setup of these concentrators is high which restrains the end-users from upgrading to the latest models.

Industry analysis.

The South America medical oxygen concentrators market report will provide an in-depth analysis of the market based on various industry factors such as porter`s five forces, innovations, new product launches, pricing analysis, Etc.

Segment Analysis

The portable medical oxygen concentrators are expected to dominate the Medical Oxygen Concentrators market throughout the forecast period (2022-2029).

The portable medical oxygen concentrators market holds 66% of the market share in 2021 and is expected to show a high increase during the forecast period(2022-2029). Portable concentrators are made small enough to carry in one arm, in a backpack or attached to a cart or walker, allowing the patient to move freely. In addition, the portable concentrators weigh between 5 and 20 pounds, and many come with carrying cases or carts for additional convenience compared to the stationary oxygen concentrators. Portable oxygen concentrators enable greater flexibility for patients who do not require high doses of oxygen; they also run on various power sources. Furthermore, manufacturers are trying to enhance the portable concentrators to match the reliability and flow rates of stationary concentrators with the portability and convenience of a portable concentrator.

Geographical Analysis

Brazil and Argentina hold the largest market share of the South America Medical oxygen concentrators.

Brazil and Argentina are the two largely commanding markets for Medical Oxygen Concentrators in South America, while the rest of the countries in the regions cumulatively accounted for a small portion of the South American market value for medical oxygen concentrators in 2021 and are expected to show similar trend throughout the forecast period (2022-2029). Owing to the relatively advanced healthcare infrastructure, rising healthcare spending and growing population density in Brazil in comparison with the other South American countries is the primary factor for the dominance of these regions over the South American oxygen concentrator market. The market for oxygen concentrators is untapped in many South American countries because of low healthcare access and disease awareness.

Competitive Landscape

The South America medical oxygen concentrators market is dominated by major players including Philips Healthcare, ResMed Inc., Fisher & Paykel Healthcare Corporation Limited, Inogen Inc., Invacare Corporation, Dragerwerk AG & Co. KGaA, TEIJIN LIMITED, DeVilbiss Healthcare LLC, GCE Healthcare, O2 Concepts, LLC, among others. The key players are focusing on broadening their product portfolio by partnering with or acquiring smaller companies or by launching new products. For instance, on Jan 19, 2021, Philips signed an agreement about acquiring Capsule Technologies, Inc., leading medical device integration and data technology provider for hospitals and healthcare organizations.

ResMed Inc.

Overview:

ResMed Inc. was established in 1989 and is headquartered in San Diego, California, U.S. ResMed Inc. is medical equipment manufacturing company that deals with medical devices for the treatment of sleep apnea, chronic obstructive pulmonary disease (COPD), and other respiratory conditions. As of 2022, ResMed has over 8,000 employees worldwide and operates in over 140 countries, with manufacturing facilities in Australia, Singapore, France, and the United States.

 Product Portfolio:

 ResMed Inc.’s product portfolio for medical oxygen concentrators has AirCurve 10 ST-A, Astral, and Stellar.

The South America medical oxygen concentrators market report would provide access to approximately 40+ market data tables, 45+ figures, and in the range of 200 (approximate) pages.

Frequently Asked Questions

What is the Projected CAGR value of the Neuroprosthetics Market?

Neuroprosthetics Market is expected to grow at a CAGR of 7.2% during the forecasting period 2022-2029.

Which region controlled the global market during 2022-2029?

North America region Controls the Neuroprosthetics Market during 2022-2029.

Which is the fastest growing region in the Neuroprosthetics Market?

Among all regions, Asia Pacific is the fastest growing market share during the forecast period.

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