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SAN FRANCISCO, CA--(Marketwired - Feb 15, 2016) - The oxygen concentrators market is projected to reach USD 1.9 billion by 2019. The market had previously attained revenue totaling USD 242.5 million in 2012. Demand for lighter oxygen concentrators and greater mobility support for old people are major drivers of the market. Rising cases of chronic obstructive pulmonary diseases (COPD) among adults will drive the market demand over the next 6 years.
Government initiatives like Global Initiative for Chronic Obstructive Lung Disease and funding by American Lung Association will favor the oxygen concentrators market. Introduction of devices with long battery power and deliverance of oxygen under all circumstances will boost the market growth in the years ahead.
Browse Full Research Report With TOC On "Oxygen Concentrators: Market Shares, Strategies, and Forecasts, Worldwide, 2013 to 2019 " at: http://www.radiantinsights.com/research/oxygen-concentrators-market
Portable and fixed oxygen concentrators are two products of the market. Portable oxygen concentrators dominated the market with 50% revenue in 2014. This can be attributed to its light weight and portable enough to be carried in shopping malls, offices, and airports. Fixed oxygen concentrators were valued over USD 400 million in 2014 and expect to grow at a 10% CAGR from 2013 to 2019.
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