South America Medical Oxygen Concentrators Market Size, Share and Market Forecast to 2029 | COVID-19 Impact Analysis | DataMIntelligence

DataM Intelligence
The South America Medical Oxygen Concentrators Market is expected to grow at a CAGR of 7.2% during the forecasting period (2022-2029).

Market Overview

The South America medical oxygen concentrators market is valued at US$ YY Mn in 2018 and is expected to grow at a CAGR of 7.2% over the forecast period to reach US$ YY Mn by 2029.

The rising prevalence of asthma and COPD is one of the key factors driving the South America Medical Oxygen Concentrators market. Brazil and Argentina are the two largest markets for medical oxygen concentrators in the region, Rest of the countries in the regions cumulatively accounted for less than 40% of the South American market value for medical oxygen concentrators in 2018.

Relatively advanced healthcare infrastructure, healthcare spending and high population density in Brazil compared to other South American countries is the primary factor for the dominant share of the respiratory equipment market in the region.

 

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Market Dynamics

Increasing Number Of ICU Cases

An increasing number of ICU cases are fueling the South America oxygen concentrators market. In critical care, the monitoring is essential to the daily care of ICU patients, the decisive endpoint is the supply of oxygen to tissues according to their metabolic needs in order to fuel mitochondrial respiration, therefore enhanced and purified oxygen supply is required in intensive care units.

Ease Of Use

Technological advancements are increasing the ease of use of oxygen concentrators thus boosting the demand for oxygen concentrators.

Portable oxygen concentrators with enhanced safety and wearable features are designed to deliver oxygen to individuals at home. These lightweight devices can be worn on belt clip, backpack, or shoulder strap and have become popular among people requiring oxygen therapy while traveling by flight

Increasing Prevalence of COPD And Asthma Diseases In Geriatric Population

Increasing prevalence of Chronic Obstructive Pulmonary Disease (COPD) and asthma diseases are driving medical oxygen concentrators market as these patients require purified oxygen

 

Market Segmentation

By Type
By Indication
By End Users
By Country

 

By End Users – Portable Oxygen Concentrators

A portable oxygen concentrator (POC) is a device used to provide oxygen therapy to people that require greater oxygen concentrations than the levels of ambient air. It is similar to a home oxygen concentrator (OC), but is smaller in size and more mobile. Portable concentrators are made small enough to carry in under one arm, in a backpack or attach to a cart or walker so the patient can move about freely at home or while travelling.

Manufacturers are trying to enhance the portable concentrators to match the reliability and flow rates of stationary concentrators with the portability and convenience of a portable concentrator

 

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Geographical Analysis – Argentina

Argentina launched government initiatives to increase healthcare awareness among people. For instance, in 2015, Argentina launched Universal Health Coverage System which brought additional 15 million Argentines under coverage. These initiatives are likely to encourage the increasing expenditure in-home care medical devices like stationary oxygen concentrators.

Argentina’s government announced a National Agency for Health Technology Evaluation to develop ways to achieve technology-enabled cost efficiencies in key public spending areas such as buying equipment and prescribing medications.

In 2015, Argentina’s government allocated US$ 500 million to invest in healthcare infrastructure and hospital expansions that require medical equipment such as oxygen concentrators for enhanced treatment procedures. Argentina’s ageing population requires constant monitoring, thus driving the demand for new wearable and portable medical devices

 

Competitive Landscape

PHILIPS HEALTHCARE

Philips Healthcare is a leading health technology company focused on improving people’s health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. The company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care.

The Company’s Connected Care & Health Informatics businesses segment provides consumers, caregivers and clinicians with digital solutions that facilitate care by enabling precision medicine and population health management.

 

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