Portable concentrators shake up oxygen industry
DUBLIN – Innovations in portable oxygen concentrator technology are revolutionizing the industry, moving it beyond large, stationary concentrators and cumbersome portables toward smaller machines, according to Wintergreen Research, Inc. The market for oxygen concentrators—at $242.5 million in 2012—is expected to reach $1.9 billion by 2019, it said. That growth is due to new competitors and increased demand for the new smaller, lighter concentrators, which are also becoming less expensive, the research firm noted. The cost of home delivery of oxygen cylinders combined with falling reimbursements further support a move by oxygen providers to a non-delivery model, the company said in a report.