South America Oxygen Concentrators Market Insights Report Overview
According to the latest market study by MarkNtel Advisors titled “South America Oxygen Concentrators Market Size, Share, Trends, Growth, Opportunity Analysis 2023-2028” presents a thorough examination of market drivers, opportunities and challenges.
Utilizing a quantitative approach, it offers precise insights into market size, share, and growth. Crafted by industry experts, the report delves into consumption patterns, geographical analysis, and competitive landscapes. Its objective is to furnish valuable insights for clients seeking to comprehend and leverage market dynamics. With a dual focus on historical achievements and future projections, it furnishes a nuanced understanding of the market terrain.
South America Oxygen Concentrators Market Insight:
The South America Oxygen Concentrators Market 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.
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South America Oxygen Concentrators Market Trends:
The Growing Trend of Oxygen Therapy for Home Care Has Led to Portable Oxygen Concentrators’ Sales – The growing trend of oxygen therapy for home care, which improves patient compliance, has accelerated the demand for more innovative and flexible oxygen concentrators in recent years. As such, the augmented adoption of portable variants and liquid oxygen devices has positively influenced market growth. In developed countries like Argentina, Peru, and Brazil, vendors are coming up with portable variants that can be used both in hospitals and at home. As a result, the use of oxygen cylinders is declining in the South American market with the increasing adoption of oxygen concentrators.
Competitor Insight: South America Oxygen Concentrators Market
This report focuses on major market participants like:
- Philips Healthcare
- ResMed Inc.
- Inogen Inc.
- Invacare Corporation
- Dragerwerk AG & Co. KGaA
- Teijin Limited
- DeVilbiss Healthcare LLC
- GCE Healthcare
- O2 Concepts, LLC
- Precision Medical Inc.
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Segmentation Summary: South America Oxygen Concentrators Market
This segmentation analysis outlines prominent sections in the report’s table of contents. Each segment undergoes thorough analysis, including sub-segments, to showcase both current and historical market sizes. The analysis underscores investment opportunities for rapid growth, particularly in the South America Oxygen Concentrators Market, with notable highlighting on:
-By Technology
- Continuous Flow
- Pulse Flow
The Continuous Flow garnered the highest share of the oxygen concentrators in South America in the historical period. The segment’s dominance can be attributed to the Increasing prevalence of chronic respiratory diseases and proliferating geriatric population across the region. Chronic respiratory diseases, such as COPD, asthma, and pneumonia, cause death and disability worldwide. In fact, the number of people with these diseases is anticipated to increase in the coming years due to factors such as population aging, air pollution, and smoking. Besides, older adults are more likely to have chronic respiratory diseases and experience complications from these diseases, such as pneumonia. Thus the demand for continuous-flow oxygen concentrators to cater to such patients is likely to mount in the coming years, facilitating market growth.
-By Product Type
- Portable – Market Size & Forecast 2018-2028, (USD Million)
- Fixed- 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)
South America Oxygen Concentrators Market Geographical Reach:
- Brazil
- Argentina
- Chile
- Columbia
- Rest of South America
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Key Questions Addressed:
- Factors Driving Market Growth: Understand the primary drivers propelling the South America Oxygen Concentrators market forward.
- Access to Reliable Reports: Learn where to access dependable market reports for informed decision-making.
- Growth Projections: Gain insights into anticipated growth projections for the coming years.
- Geographical Hotspots: Identify geographical poised for significant market growth soon.
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