South America Oxygen Concentrators Market Size, Share, Trends, Demand, Growth and Competitive Analysis 2028
The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of South
America Oxygen Concentrators Market (2023-2028):
According
to the latest report, the Global South
America Oxygen Concentrators was valued at USD 280 million in 2022 and
is projected to grow at a CAGR of around 6.7% during the forecast period, i.e.,
2023-28. The
report demonstrates the prominent factors propelling the exponential growth of
the Global South America Oxygen Concentrators Market.
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Key Takeaways: Beneficial for Stakeholders and Clients
·
Historic Period: 2018-2021
·
Base year: 2022
·
Forecast Years: 2023-2028
·
CAGR (2024-2028): 6.7%
·
Market Value (2022): USD 280 Million
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What are the major Driver
the South America Oxygen Concentrators Market?
Increasing ICU Admissions Followed by Alarmingly
Changing Climatic Conditions - The
rising incidence of extreme weather events, including heat waves, droughts, and
floods, has resulted in respiratory problems, heat stress, and injuries,
leading to a greater demand for critical care. For example, a drought in Chile
in 2021 resulted in a major outbreak of dengue fever, and similarly, a flood in
Colombia in 2022 caused widespread damage and a surge in injuries,
necessitating more ICU admissions. This has led to increased number of ICU
beds, demanding adequate oxygen concentrators across the region. For instance,
Brazil had approximately 43,000 ICU beds before the COVID-19 pandemic, with
21,000 in the public health system and 22,000 in the private health sector in
2018. These numbers changed in 2022 since the pandemic created 20,000 new ICU
beds.
Moreover,
in Brazil, the incidence, prevalence, and mortality rates of ICU-treated sepsis
are alarmingly high, with approximately 420,000 cases being registered
annually. The treatment for sepsis often requires the use of purified oxygen,
resulting in the increased demand for oxygen concentrators across healthcare
settings.
Additionally,
projections indicate that region’s coronary artery disease hospitalizations
will increase significantly by 2030, necessitating highly purified oxygen for
faster recovery. These aspects clearly hint at the massive adoption of oxygen
generators in the coming years, giving a boost to market growth.
Global South America Oxygen
Concentrators Market Segmentation
The Global
South America Oxygen Concentrators Market analysis of MarkNtel Advisors
explores the industry by emphasizing the growth parameters and categorizes including
geographical segmentation, to offer a comprehensive understanding of the market
dynamic. The further bifurcations are as follows:
- By Product Type
- Portable - Market Size & Forecast
2018-2028, (USD Million)
- Fixed- Market Size & Forecast
2018-2028, (USD Million)
- By Technology
- Continuous Flow - Market Size &
Forecast 2018-2028, (USD Million)
- Pulse Flow- Market Size & Forecast
2018-2028, (USD Million)
- By End User
- Hospitals - Market Size & Forecast
2018-2028, (USD Million)
- Home Healthcare - Market Size &
Forecast 2018-2028, (USD Million)
- Ambulatory Surgical Centers &
Physician Offices- Market Size & Forecast 2018-2028, (USD Million)
- By Country
- Brazil
- Argentina
- Chile
- Columbia
- Rest of South America
As per the regional aspect, the Global South America Oxygen Concentrators Market is expected to be dominated by the Brazil by capturing the potential market share.
Explore further
details about this research report-
https://www.marknteladvisors.com/research-library/south-america-oxygen-concentrators-market.html
Top Companies in the Global South America Oxygen Concentrators Market
Philips Healthcare, ResMed Inc.,
Inogen Inc, Invacare Corporation, Dragerwerk AG & Co. KGaA, Teijin Limited,
DeVilbiss Healthcare LLC, GCE Healthcare, O2 Concepts, LLC, and Precision
Medical Inc.Others
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