InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Oxygen Filter Market- (By Types (Portable, Fixed), By Applications (Medical, Industrial, Others)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031.”
According to the latest research by InsightAce Analytic, the Global Oxygen Filter Market is expected to record a CAGR of 6.91% during a forecast period of 2023-2031.
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The healthcare sector relies heavily on oxygen as a crucial energy source, especially with the increasing prevalence of respiratory illnesses such as chronic obstructive pulmonary disease (COPD), asthma, and respiratory infections. Oxygen therapy is often an essential component of treatment plans in certain cases. Moreover, the growing healthcare and aerospace industries and the rising demand for clean oxygen drive the market forward. The significance of clean and pure oxygen in facilitating efficient medical treatments, respiratory support, and infection prevention is paramount to the healthcare industry. As a result, the healthcare sector plays a pivotal role in ensuring the oxygen demand is met and the market continues to thrive.
Additionally, the ageing population and increased demand for medical procedures and treatments exacerbate hospitals’ need for clean, pure oxygen. However, it is projected that the high price of oxygen filters, poor infrastructure, lack of regulation for oxygen purity levels, and safety issues related to oxygen will restrain market expansion. A dependable and effective infrastructure for oxygen gas distribution is necessary for oxygen filters. The current lack of distribution infrastructure for oxygen could hinder the market’s expansion for oxygen filters.
List of Prominent Players in the Oxygen Filter Market:
- Philips Respironics
- Drive DeVilbiss Healthcare
- Nidek Medical Products
- SeQual Eclipse
- Walker Filtration
The need for oxygen filters is anticipated to expand as clean oxygen rises. This is because maintaining product quality, maximizing process effectiveness, and adhering to strict regulatory standards depend on clean oxygen. Removing pollutants, such as hydrocarbons and particulate matter, via oxygen filters is important to guarantee the supply of pure oxygen for industrial applications. Additionally, governments and businesses worldwide are making significant investments in creating clean oxygen and infrastructure, which is projected to fuel the expansion of the oxygen filter market. The demand for high-quality, pure oxygen for operations is predicted to drive a large increase in the oxygen filter market in the upcoming years as industries increasingly utilize oxygen as a cleaner and more sustainable energy source.
The market` is projected that the high price of oxygen filters, poor infrastructure, lack of regulation for oxygen purity levels, and safety issues related to oxygen will restrain market expansion. A dependable and effective infrastructure for oxygen gas distribution is necessary for oxygen filters. The current lack of distribution infrastructure for oxygen could hinder the market’s expansion for oxygen filters. The high cost of oxygen filters may prevent their widespread use in some sectors or uses where the expense of the cleaner may not be justified in light of the advantages gained. This may lead to a small customer base and hinder the market’s expansion for oxygen filters. But over time, it’s anticipated that the price of oxygen filters would decrease due to technical developments.
The North American oxygen filter market is expected to register a major market share. The market is dominated by North America, largely due to the region’s developed healthcare sector, strict regulatory requirements, and technological improvements. In the upcoming years, the area’s oxygen filter market is likely to rise significantly due to factors such as the rising use of oxygen and the demand for high-purity oxygen in the chemical and healthcare sectors. The United States, Canada, and Mexico primarily drive the North American region’s oxygen filter needs. The primary users of high-purity oxygen are these nations’ well-established healthcare industries and technological breakthroughs.
Additionally, these nations are investing heavily in the infrastructure and technologies related to oxygen, which is anticipated to increase the demand for oxygen filters in the area. Besides, Asia Pacific had a considerable share of the market due to its developed economy and growing adoption of the product. The need for oxygen filters is growing due to the developed healthcare system, emphasis on quality standards, and rising prevalence of respiratory disorders. These nations are investing significantly in advancing oxygen infrastructure and technology and have well-established sectors that are significant consumers of high-purity oxygen.
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- In May 2023, Drive DeVilbiss Healthcare released a new 10-liter oxygen generator that uses less energy. For the first time ever, an oxygen device was made with these unique and difficult conditions in mind. The oxygen concentrator was the best way to meet the need for oxygen therapy in rural and semi-urban places at the primary and secondary health levels.
- In July 2022, The Donaldson Ultra-filter ‘DF’ alternative was added by Walker Filtration to their extensive lineup of alternative filter elements. According to ISO 8573-1, the new replacement Donaldson Ultra-filter element produced the highest quality compressed air at a reasonable cost and with minimal energy use.
Segmentation of Oxygen Filter Market-
- The US
- The UK
- Rest of Europe
- South Korea
- South East Asia
- Rest of Asia Pacific
- Rest of Latin America
Middle East & Africa-
- GCC Countries
- South Africa
- Rest of Middle East and Africa
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