UK Oxygen Concentrator Market Overview, 2027

UK Oxygen Concentrator Market Overview, 2027

Bonafide Research 19-09-2022 50 Pages Figures : 7 Tables : 17
Region : Europe Country : Anguilla Category : Lifescience Medical Devices

"The UK Oxygen Concentrator Market is a growing sector that provides essential medical equipment to individuals with respiratory conditions, enabling them to receive supplemental oxygen therapy in their homes. Oxygen concentrators are devices that extract and concentrate oxygen from the surrounding air, providing a continuous supply of oxygen to patients. The culture surrounding the UK Oxygen Concentrator Market is centered on providing quality healthcare services to those in need. The market reflects the commitment to improving the quality of life for individuals with respiratory conditions and ensuring their access to vital medical equipment. Drivers of the UK Oxygen Concentrator Market include the increasing prevalence of respiratory diseases, an aging population, and advancements in technology. The market's innovation is driven by the development of compact and portable oxygen concentrators, improved energy efficiency, and enhanced user-friendly features. In terms of innovation, the UK Oxygen Concentrator Market focuses on improving the overall functionality and convenience of oxygen concentrators, making them more accessible and user-friendly for patients. Oxygen concentrators contribute to environmental sustainability by minimizing the use of disposable oxygen cylinders. By extracting oxygen directly from the air, these devices eliminate the need for transportation, storage, and disposal of oxygen containers, reducing carbon footprint. According to the report titled, “UK Oxygen Concentrator Market Overview, 2027”, published by Bonafide Research the market in the country is expected to grow with a CAGR of XX% in the year 2021 and is expected to reach the value of around USD XX Billion by the year of 2027. The UK Oxygen Concentrator Market offers a wide range of options, including portable and lightweight oxygen concentrators. These devices provide individuals with the freedom to move around and carry out their daily activities while receiving the necessary oxygen therapy. The market is characterized by constant technological advancements, leading to the development of highly efficient and user-friendly oxygen concentrators. These devices incorporate features such as digital displays, adjustable flow rates, and noise reduction technology, ensuring optimal performance and patient comfort. Oxygen concentrators empower individuals with respiratory conditions to maintain their independence and improve their quality of life. With the availability of portable options, patients can travel, engage in social activities, and lead active lifestyles without the constraints of traditional oxygen therapy methods. Oxygen concentrators offer a cost-effective solution for long-term oxygen therapy. Compared to alternative methods such as oxygen cylinders or liquid oxygen, concentrators eliminate the need for frequent refills or deliveries, reducing overall healthcare costs. On the basis of the technology used the market is divided into Continuous flow and pulse flow. The continuous flow system as the name suggests provides a constant flow of oxygen, this type of technology is used for patients who are not able to voluntarily conduct respiration. On the other hand, the pulse flow technology is used as a support to patients who have a little problem breathing, this technology adapts to the breathing behavior of the user and hence is preferred in most cases by the consumer. Changing lifestyle of the people in the country along with the higher consumption of tobacco smoking is another factor that will bolster the market in a positive manner. Additionally, the rising advent of oxygen therapy which includes treating the consumer with a controlled amount of pure oxygen in order to gain health benefits and counterbalance the mal effect of a polluted environment will increase the frequency of consumption and provide the market with bigger opportunities and overall growth. The technological advancement in the industry has successfully subsided the side effects like headaches, nose bleed, and tiredness when using these products. This has decreased the reluctance of consumers for using oxygen concentrators and driven the market towards growth. The Favourable Government policies have supported the market in a positive way but on the other hand, the everchanging and stringent rules and regulations for manufacturing have created the need to adopt efficiently and have acted as an obstacle to growth. The high cost of these products and the various maintenance requirements of such products have created a negative impact on the market. along with this the lack of local players and cheap alternatives have also contributed to a non-ideal market situation. Some of the requirements of these products like constant electricity sources have also obstructed the growth of portable oxygen concentrators in the UK. The high disparity between the demand and supply of these products has caused issues with the aspect of pricing which is not an ideal environment for the consumer of the country. Manufacturers in the market often collaborate with healthcare providers, research institutions, and regulatory bodies to exchange knowledge, share best practices, and drive innovation in the field of oxygen concentrators. These collaborations facilitate advancements in technology and promote the overall growth of the market. The UK Oxygen Concentrator Market plays a significant role in improving the quality of life for individuals with respiratory conditions. By providing reliable and efficient oxygen therapy, these devices contribute to better disease management, reduced hospital admissions, and improved overall healthcare outcomes. COVID-19 Impact The pandemic was a worldwide phenomenon and affected almost all of the industrial verticals across the globe. The UK medical oxygen concentrator market was no exception. The market was majorly affected in a positive manner as SarsCovid-19 directly and adversely affected the respiratory system. The need for oxygen drastically increased with the spreading of the virus, so much so that the demand was not being met by the manufacturers. Many new entrants came into the market as they realized the opportunity to fulfill this gap in demand and supply can be lucrative in terms of revenue. Considered in the report • Geography: UK • Base year: 2021 • Historical year: 2016 • Forecasted year: 2027 Aspects covered in the report • Market Size by Value for the period (2016-2027F) • Market Share by Product • Portable Oxygen Concentrator • Stationary Oxygen Concentrator • Oxygen Cylinders • Market Share by Technology • Continuous Flow • Pulse Flow • Market Share by End User • Home Care • Non-Home Care • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation The approach of the report: We keep an eye on evolving markets and try to evaluate the potential of the products and services. If we find the market interesting, we start working on it and create the desired table of content, considering all aspects of the business. We start by creating separate questionnaires for C-level executives, national/regional sales personnel, company owners, dealers, distributors, and end-users. Once the questionnaires have been finalized, we start collecting the primary data (mostly through phone calls) and try to understand the market dynamics regionally or tier-wise. This process gives us in-depth details of the market, including all present companies, the top-performing products with reasons why they dominate; we get the details of new players and their innovative approaches; market trends; dynamics; and all the small details of the market. After the collection of primary inputs, we then cross-check the same with secondary sources that include associations, trade journals, annual reports, paid databases, newspapers, magazines, press releases, government sources, etc. From this, we get a rough estimate of the market and start checking existing product price variants, trade, production, raw material scenarios, policies and regulatory landscape, etc. Then, to finalize the market, we start collecting financials of each player present in the market, including limited, private limited, and LLPs. Moreover, we perform cross-industry and cross-region analysis of the product, and based on collected primary inputs and using statistical modeling, we start forecasting the market. We follow our forecasting algorithm, which is unique for each product but gives more weight age to primary inputs. At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, PEST analysis, etc. Once the data is verified by the data expert, the team (primary team, content team, and data team) together crosscheck the segmentations, validate the market, and then the designing team starts plotting the graphs. Once the file is ready, the content team completes the report and makes sure that all the discussed points have been covered and provides their valuable inputs in the form of strategic recommendations for new as well as existing players. The QC team then checks the overall report that includes spell check, data verification, and makes the same dispatch ready and error-free. Intended Audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Medical Device industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry. "

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