The high demand for medical oxygen concentrators is mainly attributed to infections and chronic diseases affecting the respiratory health of individuals. The major use of oxygen was prominent with the incline in the respiratory issues caused by increasing pollution, resulting in a market value of USD 1.59 Billion in 2015. With the recent COVID-19 outbreak globally, the demand for medical oxygen concentrators is set to spur exponentially. The corona pandemic was a boost for the market in disguise, which is to aid a market growth of more than 6% through the forecasted period.
Article source: https://www.bharatbook.com/report/871076/global-medical-oxygen-concentrator-market-outlook