Oxygen Concentrators Global Market Report 2022

2022-06-03 21:27:51 By : ZhenXiang Steel

Major players in the oxygen concentrators market are Koninklijke Philips N. V, Invacare Corporation, DeVilbiss Healthcare LLC, Nidek Medical, Inogen, O2 Concepts, Teijin Limited, Supera Anesthesia Innovations, GCE Group, and CAIRE Inc.

New York, May 24, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Oxygen Concentrators Global Market Report 2022" - https://www.reportlinker.com/p06280892/?utm_source=GNW The global oxygen concentrators market is expected to grow from $2.55 billion in 2021 to $2.80 billion in 2022 at a compound annual growth rate (CAGR) of 9.9%. The market is expected to grow to $3.53 billion in 2026 at a compound annual growth rate (CAGR) of 5.9%. The oxygen concentrators market consists of sales of oxygen concentrators’ devices by entities (organizations, sole traders, and partnerships) which refers to medical devices used for supplying oxygen to patients suffering from respiratory diseases.The oxygen concentrator separates nitrogen and oxygen from the air in the environment and provides pure oxygen to the patient. There is no need for constant refilling for an oxygen concentrator as it draws oxygen from the surrounding air. The main types of oxygen concentrators are portable and stationary.Portable oxygen concentrators are smaller, more mobile, affordable, and can be easily moved from one place to another. The different technologies include pulse dose, continuous flow, and others. These oxygen concentrators are used for supplying oxygen for patients suffering from chronic obstructive pulmonary disease (COPD), lung cancer, pneumonia, other respiratory system diseases and are used by hospitals, home care, others. The increase in the prevalence of respiratory disorders across the globe contributes to the growth of the oxygen concentrators market.Globally, asthma and chronic obstructive pulmonary disease (COPD) are the most common chronic respiratory diseases. According to the Forum of International Respiratory Societies (FIRS), 384 million people suffer from COPD and 3 million people die every year. According to the Centers for Disease Control and Prevention’s National Health Interview Survey, in 2019, in the USA, 4.6% of adults had suffered from COPD, emphysema, or chronic bronchitis. Respiratory disorders need the additional flow of oxygen. The oxygen concentrator provides the required oxygen by producing it from the environment. Therefore, the increase in the prevalence of respiratory disorders is driving the growth of the oxygen concentrators market. Companies in the oxygen concentrators market are increasingly investing in technologies such as artificial intelligence and low-cost portable devices to improve the functionality of these oxygen concentrators.There has been a growing demand for portable, low-cost concentrators owing to the pandemic. For instance, in March 2021, a team of researchers at MIT’s Electrochemical Energy Lab (EEL) launched a low-cost portable concentrator that can be adopted in places with limited infrastructure and high demand. The companies such as Servotech Power Systems, an India-based manufacturer of LED lights and solar products are manufacturing noiseless, lightweight, and portable oxygen concentrator equipment that provides a constant flow of oxygen and can be easily adjusted to meet the needs of the patient. In May 2021, OxyGo LLC, a manufacturer of portable oxygen concentrators acquired LIFE Corporation for an undisclosed amount.Through this acquisition, OxyGo can offer services to compressed gas users, and the company can also expand its oxygen expertise by providing better products and services using LIFE corporation expertise. Life Corporation is an India-based company that manufactures portable emergency oxygen and CPR administration equipment. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the oxygen concentrators market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. Read the full report: https://www.reportlinker.com/p06280892/?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________

Elon Musk stole the spotlight this morning, and his reported comments are hitting the stock prices of many electric vehicle (EV) makers. Nio (NYSE: NIO) is one that shares the Chinese market with Musk's Tesla, and its American depositary shares are being impacted. As of 11:06 a.m. ET, Nio shares were down 4.9% on the final trading day of the week.

Boeing did not immediately respond to a Reuters' request for a comment. Last month, Boeing Chief Financial Officer Brian West said the 737 MAX production and deliveries were hit by the shortage of a particular wiring connector. Resuming deliveries of 787 Dreamliners and clearing inventories of its 737 Max are vital to Boeing's ability to emerge from the overlapping pandemic and jet-safety crises, a task complicated by supply-chain bottlenecks and the war in Ukraine.

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Oil prices are higher than have been seen in years. Saudi Arabia may be the only country that can help.

Anytime a Krispy Kreme store has its "Hot Light" on, you can grab a free glazed doughnut.

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Shares of Twilio , the a cloud communications platform, have been in a downward trend since July but now the tide looks like it is shifting and the price action is more positive. A lower price is not a reason to buy so let's look further. The trading volume increased at the time of the early May low and that is a "tell" that investors may have come in as buyers.

Facebook’s COO Sandberg to quit, fresh data on manufacturing and jobs, Pfizer seeks approval for Covid vaccines for young children, and other news to start your day.

The copper industry is comprised of companies involved in the exploration, extraction, development, and production of copper, one of the most widely used metals. Copper demand is closely tied to economic cycles as it's used for a broad range of applications, including construction, electronics, industrial machinery, transportation, power generation, and transmission.

With BTC’s price movements pushing market volatility to the brim, the top altcoin, ether (ETH), has had a rangebound trajectory for most of Q1 and Q2 2022.

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In May, McDonald's Corp sold the restaurants to Govor, one of its licensees in Russia, who will rebrand them under a new name, ending more than three decades of the "Golden Arches" in the country. "We have a challenging and ambitious plan - to reopen all of the chain's restaurants in two months," Govor, who initially owned 25 McDonald's restaurants in Siberia as a franchisee, said in the interview with the Forbes Russia magazine. McDonald's temporarily closed its restaurants in Russia in March after Russia sent troops to Ukraine.

Shares of Nio (NYSE: NIO) continued to bounce from 52-week lows this week. Nio reported its May 2022 delivery data Wednesday, and the numbers were somewhat disappointing. The production delays impacted automakers throughout China, but peers XPeng and Li Auto both delivered notably more vehicles than Nio last month.

Shares of oil services company Schlumberger (NYSE: SLB) soared 17.8% in May, according to data provided by S&P Global Market Intelligence. The move comes as part of a broader appreciation in the oil services sector, with peers Halliburton and Baker Hughes also rising by a mid-teens percentage in the month. In fact, it's been a very strong year so far for the sector, with investors warming to the gradual rise in the price of oil and how that induces oil majors to start spending on exploration and production (E&P).

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