MarkNtel Advisors latest report titled South America Oxygen Concentrators Market Report by South America Oxygen Concentrators Market Report –Analysis, Scope, Trends, Forecast 2024-2030 indicates that the South America Oxygen Concentrators market is anticipated to grow at a CAGR of around 6.7% during the forecast period, i.e., 2024-30.
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South America Oxygen Concentrators Market Driver:
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.
South America Oxygen Concentrators Market Segmentation:
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
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Who are the leading key players shaping the South America Oxygen Concentrators Market landscape?
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
Questions Addressed in this Study
1.What factors are driving the South America Oxygen Concentrators Market growth?
2.How is the South America Oxygen Concentrators Market expected to grow over the next five years?
3.What are the key insights into the current trends in the South America Oxygen Concentrators Market?
4.What is the current size of the South America Oxygen Concentrators Market, and how is it projected to change in the future?
6.What is the future outlook for the South America Oxygen Concentrators Market in terms of technological advancements and market expansion?
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