WinterGreen Research announces that it has published a new
study Oxygen Concentrators: Market Shares, Strategy, and Forecasts, Worldwide,
2013 to 2019. The 2013 study has 572 pages, 241 tables and figures. Worldwide
markets are poised to achieve continuing growth as the aging population
worldwide needs homecare oxygen treatment. Older people develop COPD and other
respiratory conditions where oxygen is able to improve the quality of the life
in a dramatic manner. Portable devices have become affordable and support a
mobile lifestyle even while on oxygen.
There has been a quantum improvement in the portable oxygen
concentrator technology. Less weight, more power are the characteristics of the
new portable units that begin to rival the larger home units. The huge jump in
technology is illustrated by the effectiveness of the Inogen G3 and the about
to be released VBox Trooper. Innovation started with Inogen One G3 and AirSep's
LifeStyle are the less-than-10-pound battery-operated concentrator. AirSep has
re-engineered the unit down to a 2 pound device.
Newer portable oxygen concentrators can be used as
multipurpose devices.
Oxygen concentrator technology has been instantiated many
times over, but in a most compelling manner by Inogen as the Inogen oxygen
concentrator which represents a technological breakthrough. The Inogen One G3
is a complete departure from current mainstream technologies. It represents a
shift away from standard large, bulky, stationary concentrator systems and
inefficient, heavy, and impractical portable devices.
This transformation presents a new opportunity for people
who make PSA oxygen equipment. Economies of scale and a new distribution
modality leveraging homecare services are set to change the medical oxygen
industry. Home delivery markets tend to be evaporating.
Delivering oxygen cylinders costs money and consumes
resources. In current competitive bidding markets, reimbursement for oxygen is
down by up to a third. Providers in these markets are compensating for this
reduction by moving their oxygen business to a non-delivery model.
Philips medical chronic disease equipment is able to address
market trends. Invacare has been a continuing market leader in articulating the
benefits of homecare.
The complexion of the home oxygen market is changing as
portable concentrators evolve to be smaller and less expensive. The advent of
reliable, inexpensive portable home oxygen concentrators has changed the market
dynamic significantly.
The market for oxygen concentrators is being disrupted by the
portable devices that can be used to provide oxygen under all circumstances.
The reimbursement is too low to support what worked in the past. This is a
dramatic shift in the home medical oxygen market.
The move from a primary delivery with a cost structure that
accounts for truck rolls to a portable device market is set to bring dramatic
changes to the industry. For vendors that have relied on the distribution
network and financing the distribution network, their hold on the market has
shifted.
Oxygen concentrator markets at $242.5 million in 2012 are
anticipated to reach $1.9 billion dollars by 2019. Growth is a result of new
competitors in the market, demand for the smaller lighter technology by
patients, and the market need by for greater mobility support for older people.
About Radiant Insights
Radiant Insights is a platform for companies looking to meet
their market research and business intelligence requirements. We assist and
facilitate organizations and individuals procure market research reports,
helping them in the decision making process. We have a comprehensive collection
of reports, covering over 40 key industries and a host of micro markets. In
addition to over extensive database of reports, our experienced research
coordinators also offer a host of ancillary services such as, research partnerships/
tie-ups and customized research solutions.
For more information visit, Radiant Insights
Contact Details:
Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Email: sales@radiantinsights.com
No comments:
Post a Comment