Acute Market Reports announces that it has published a new study Portable Oxygen Concentrators: Market Shares, Strategy, and Forecasts, Worldwide, 2017 to 2023. The 2017 study has 493 pages, 201 tables and figures. Worldwide markets are poised to achieve continuing growth. Portable oxygen concentrators support lifestyle for medical oxygen users.
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Portable oxygen concentrators are approved by the FAA for use on airlines. People on oxygen wish to continue usual activities. Distributors are concentrated on determining which portable oxygen concentrator allows the freedom to continue a meaningful lifestyle. There are two types of oxygen delivery systems providing supplemental oxygen therapy; continuous flow (Respironics SimplyGo, SeQual Eclipes,) and pulse dose (Inogen One G3, AirSep Freestyle, Invacare XPO2).
A pulse dose system is the most commonly used portable oxygen concentrator. Because of its light weight and long battery life, some lasting up to 8 hours on a single battery charge, the units are preferred by patients. Some oxygen users require continuous flow oxygen due to their diagnosis or illness progress. Continuous flow is required by any oxygen user who is titrating oxygen into their CPAP or BiPAP therapy.
Major factors driving the market for portable oxygen concentrators include device ability to provide oxygen under all circumstances. The worldwide aging population benefits from supplemental medical oxygen. An increase in the number of people with COPD and other respiratory diseases are a direct market driver. Advantages of portable oxygen concentrator devices are that they weigh less, are easy to use. They are affordable.
The complexion of the home oxygen market is changing. Home oxygen markets have been predicated on a dealer infrastructure. These dealers get reimbursed for regular deliveries of oxygen used in the home, and for supplemental oxygen so the patient can go out, buy groceries, go to the movies, and visit family for a short time. The advent of reliable, inexpensive portable home oxygen concentrators has changed the market dynamic significantly.
The economics of the medical oxygen market have been changing for a long time. No longer do patients need regular deliveries of oxygen for supplemental purposes so the patient can go out. Even patient stationary device at home with refill capacity that works to go out of the home is outdated. CMS Medicare and the private insurers that follow their lead have been resisting paying for supplemental oxygen because the price of truck rolls is too high. With lowered reimbursement, the dealer distribution network that has been in place for many years is no longer tenable.
Inogen has implemented a direct to consumer market strategy, with sales of oxygen devices conducted over the Internet.
According to Susan Eustis, principal author of the team that developed the market research study, “Technology has achieved major breakthroughs for portable oxygen concentrator units. Smaller and lighter units are of benefit to patients, supporting the ability to carry the devices easily, permitting the implementation of a direct to consumer market strategy.”
A few companies dominate the portable oxygen concentrator market sector. Inogen has taken over the market leadership position with improved technology and innovative marketing. Invacare had carefully nurtured its distribution network and continues to do so, but the markets are changing with deliveries from dealers a problem in the industry and for reimbursement, giving Inogen market advantage.
Portable oxygen concentrator markets at $948.5 million market in 2016 are set to become a $2.9 billion market in 2023. Market growth is a result of the aging of the population and the increased need for oxygen.
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Portable Oxygen Concentrator Executive Summary 28
Portable Oxygen Concentrator 28
Home Oxygen Market, Moves to Portable Concentrators 29
Portable Oxygen Concentrator Home Medical Market Driving Forces 31
Change in Home Oxygen Market 33
Pressure To Reduce Costs As Part Of the Deficit Reduction Act (DRA) 34
Direct to Consumer Model Replaces Distribution and Home Services Model 35
Portable Oxygen Concentrator Market Shares 37
Portable Oxygen Concentrator Market Forecasts 39
Home Oxygen Market, Moves to Portable Concentrators 29
Portable Oxygen Concentrator Home Medical Market Driving Forces 31
Change in Home Oxygen Market 33
Pressure To Reduce Costs As Part Of the Deficit Reduction Act (DRA) 34
Direct to Consumer Model Replaces Distribution and Home Services Model 35
Portable Oxygen Concentrator Market Shares 37
Portable Oxygen Concentrator Market Forecasts 39
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1. Portable Oxygen Concentrator Market Description and Market Dynamics 41
1.1 Homecare Market Growth Factors 41
1.1.1 Growth In Population Over Age 65 43
1.2 Oxygen Concentrator Uses 43
1.2.1 Portable Oxygen Concentrator Functions 44
1.2.2 Separation Of Oxygen From Air 45
1.2.3 Technical Trade-Offs Necessary To Design A Portable Oxygen Concentrator (POC) 45
1.3 Oxygen Concentrator Insurance Coverage 46
1.3.1 Oxygen Concentrator CMS HCPCS Code 49
1.3.2 Medicare Reimbursement 49
1.4 The Goal of Oxygen Therapy 49
1.4.1 How To Change The Amount of Oxygen In The Air We Breathe 50
1.4.2 Oxygen Concentrator Components 51
1.1 Homecare Market Growth Factors 41
1.1.1 Growth In Population Over Age 65 43
1.2 Oxygen Concentrator Uses 43
1.2.1 Portable Oxygen Concentrator Functions 44
1.2.2 Separation Of Oxygen From Air 45
1.2.3 Technical Trade-Offs Necessary To Design A Portable Oxygen Concentrator (POC) 45
1.3 Oxygen Concentrator Insurance Coverage 46
1.3.1 Oxygen Concentrator CMS HCPCS Code 49
1.3.2 Medicare Reimbursement 49
1.4 The Goal of Oxygen Therapy 49
1.4.1 How To Change The Amount of Oxygen In The Air We Breathe 50
1.4.2 Oxygen Concentrator Components 51
2 Portable Oxygen Concentrator Market Shares and Forecasts 70
2.1 Portable Oxygen Concentrator 70
2.1.1 Home Oxygen Market, Moves to Portable Concentrators 71
2.1.2 Portable Oxygen Concentrator Home Medical Market Driving Forces 73
2.1.3 Change in Home Oxygen Market 75
2.1.4 Pressure To Reduce Costs As Part Of the Deficit Reduction Act (DRA) 76
2.1.5 Direct to Consumer Model Replaces Distribution and Home Services Model 77
2.1.6 Portable Oxygen Concentrators (POCs) Market Driving Forces 78
2.2 Portable Oxygen Concentrator Market Shares 79
2.1 Portable Oxygen Concentrator 70
2.1.1 Home Oxygen Market, Moves to Portable Concentrators 71
2.1.2 Portable Oxygen Concentrator Home Medical Market Driving Forces 73
2.1.3 Change in Home Oxygen Market 75
2.1.4 Pressure To Reduce Costs As Part Of the Deficit Reduction Act (DRA) 76
2.1.5 Direct to Consumer Model Replaces Distribution and Home Services Model 77
2.1.6 Portable Oxygen Concentrators (POCs) Market Driving Forces 78
2.2 Portable Oxygen Concentrator Market Shares 79
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