Major factors driving the market for Portable oxygen concentrators include its ability to provide oxygen under all circumstances. The worldwide aging population. An increase in the number of people with COPD and other respiratory diseases. Advantages of portable oxygen concentrator devices are that they weigh less, are easy to use. They are affordable.
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 market size at $744 million in 2014 is expected grow to $2.2 billion by 2021. Market growth is a result of the aging of the population and the increased need for oxygen.
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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.” A few companies dominate the portable oxygen concentrator market sector. Inogen has taken over the market leadership position with improved technology and innovative marketing.
Portable oxygen concentrators are approved by the FAA for use on airlines. People on oxygen wish to continue usual activities. Distributors are concentrated on termining which portable oxygen concentrator allows the freedom to continue a meaningful lifestyle. There are two types of oxygen delivery systems providing upplemental oxygen therapy; continuous flow (Respironics SimplyGo, SeQual Eclipes,) and pulse dose (Inogen One G3, AirSep Freestyle, Invacare XPO2,).
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Table Of Content
1. Portable Oxygen Concentrator Market Description and Market Dynamics 45
1.1 Homecare Market Growth Factors 45
1.2 Oxygen Concentrator Uses 47
1.2.1 Portable Oxygen Concentrator Functions 48
1.2.2 Separation Of Oxygen From Air 49
1.2.3 Technical Trade-Offs Necessary To Design A Portable Oxygen Concentrator (POC) 49
1.3 Oxygen Concentrator Insurance Coverage 50
1.3.1 Oxygen Concentrator CMS HCPCS Code 53
1.3.2 Medicare Reimbursement 53
1.4 The Goal of Oxygen Therapy 53
1.4.1 How To Change The Amount of Oxygen In The Air We Breathe 54
1.4.2 Oxygen Concentrator Components 55
2 Portable Oxygen Concentrator Market Shares and Forecasts 76
2.1 Portable Oxygen Concentrator 76
2.1.1 Home Oxygen Market, Moves to Portable Concentrators 77
2.1.2 Portable Oxygen Concentrator Home Medical Market Driving Forces 79
2.1.3 Change in Home Oxygen Market 81
2.1.4 Pressure To Reduce Costs As Part Of the Deficit Reduction Act (DRA) 82
2.1.5 Homecare Services Model Replaces Distribution Model 82
2.1.6 Portable Oxygen Concentrators (POCs) Market Driving Forces 84
2.2 Portable Oxygen Concentrator Market Shares 85
2.2.1 Portable Oxygen Concentrators 85
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