Middle East & Africa Medical Oxygen Concentrators Market is to predict growth at 7% through the forecasted period – The Greater Binghamton Business Journal

2022-06-10 18:47:18 By : Ms. Jialian Zhou

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. The device can aid those whose oxygen saturation levels are between 88 and 92 by reducing the burden on the lungs. With the demand for medical oxygen continuing unabated and countries struggling to keep pace with demand, the oxygen concentrator has emerged as a sought-after device. The research report titled Middle East & Africa Medical Oxygen Concentrators Market Outlook, 2026 by Bonafide Research categorizes the market to forecast the revenues and analyze the trends in each of the following segments: based on product type (Portable, Stationary, & Oxygen Cylinders), based on technology (Continuous Flow & Pulse Flow), based on end users (Home Care & Non Home Care), based on countries & major companies.

The growth of the Middle East & Africa oxygen concentrator is majorly driven by technological advancements, an upsurge in the frequency of COPD cases, and favorable government schemes. This had allowed the region to contribute around 10% to the global market, valuing to USD 0.16 Billion by the year 2015. However, the weak economy and the low purchasing power of the people are to act as hurdles in the market growth. A crisis over the supply of medical oxygen for coronavirus patients has struck nations in the Middle East & Africa, where warnings went unheeded at the start of the pandemic and doctors say the shortage has led to unnecessary deaths. Yet, with better regimes and government initiative towards health care is to predict growth at 7% through the forecasted period.

Get a free sample report : https://www.bonafideresearch.com/samplereport/210579996/middle-east-africa-oxygen-concentrator-market

As Covid-19 spreads throughout the region, a potentially deadly lack of oxygen is leaving patients gasping for breath. Many have to go without this essential treatment. Even though the oxygen cylinder segment leads the market with nearly half of the share, the region encountered an uneven distribution of the essential support. Cylinder leakage, a potentially fixable drawback, significantly affects overall costs, whereas premature concentrator failure or other causes of inflated capital costs modestly affect costs in average-sized and large facilities. Thus, through the period of 2021-2026, the portable oxygen concentrator segment is expected to grow with a high CAGR of 10.52%.

Both cylinders and concentrators were regarded as expensive, but cylinders were regarded as especially costly by administrators. The continuous flow technology segment in the region accounted for a market value of USD 0.20 Billion in 2020, leading the market. The suitability of concentrators for the Middle East & Africa region is still in question, and a realistic appraisal of the role of concentrators in different contexts is needed, along with user-friendly guidance to assist decision-making. Through the forecasted period, the pulse flow technology segment is expected to continue having a high growth rate of 14.34%.

Because concentrators operate solely on electricity, they must be always supplied with a backup cylinder to ensure uninterrupted oxygen supply, even during power failure. This has been a major drawback in the region, majorly for the home care health support. Oxygen is in such short supply in the region that critical patients had to pay 30 times more than the usual rate. Yet, the home care segment in the region accounted for the higher market share, when compared to the nonhome care, growing with a historic CAGR of 8%. Hospitals have been using unprecedented amounts of oxygen during the wave of Covid-19, and producers have scrambled to keep them in stock. Distribution has proven a particular problem with a shortage of bottles and tankers, even after the repurposing of nearly anything that could get oxygen from production plants to hospitals. However, the nonhome care segment is to grow to merely a value of USD 0.10 Billion.

The region is dominated by Saudi Arabia, which has been showing a drastic decline over the period, holding to 18% in 2020. South Africa accounted for the least of the market, hardly managing a single-digit share till 2023. Across countries including Nigeria, Kenya, Burkina Faso, Guinea, South Sudan, Cameroon, Ethiopia, and Tanzania, many hospitals and dedicated Covid-19 isolation centers have reported oxygen shortages. In high-income countries, liquid oxygen is delivered and stored in giant containers on hospital grounds before being turned back into gas and piped to the patient’s bedside. In February 2018, GCE Group launched a secure online platform to ease home oxygen providers in the remote monitoring of the GCE’s Zen-O portable oxygen concentrator. This aided the company to enlarge its business and improve its revenue base in the region. This report forecasts revenue growth at regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2026. For this study, Bonafide Research has segmented the Middle East & Africa Medical Oxygen Concentrator Market report based on product, technology, end users, and countries:

CONSIDERED IN THE REPORT • Geography: Middle East & Africa • Base year: 2020 • Historical year: 2015 • Forecasted year: 2026

REGIONS COVERED: • Middle East & Africa • UAE • Saudi Arabia • South Africa

ASPECTS COVERED IN THE REPORT • Market Size by Value for the time period (2015-2026F) • Market Share by Product (Portable Oxygen Concentrator, Stationary Oxygen Concentrator, & Oxygen Cylinders) • Market Share by Technology (Continuous Flow & Pulse Flow) • Market Share by End User (Home Care & Non Home Care) • Market Share by Country • Market Share by Company

Get full access of the report : https://www.bonafideresearch.com/product/210579996/middle-east-africa-oxygen-concentrator-market

Steven Thomas – Sales & Marketing Manager E-mail: sales@bonafideresearch.com Asia-Pacific: +91 7878231309 Europe: +44 20 8089 0049 North America: +1 201 793 8545 https://www.bonafideresearch.com/

Bonafide Research is the fastest growing global market research and consulting company providing syndicated research reports, customized research reports, and consulting services to a range of verticals. They have been closely working with a wide client base ranging from Fortune 1000 companies to small and medium enterprises by helping them in tracking the constantly changing market scenario.

Bonafide has continuously made efforts to evolve and enhance the report quality with each passing day. Bonafide Research has a strong base of analysts and consultants from assorted areas of expertise who track the latest economic, demographic, trade and market data globally and help clients to make informed business decisions. They periodically update their market research studies to ensure that their clients get the most recent, relevant, actionable and valuable information for strategy development and to extract tangible results.