Malaysia Oxygen Concentrators Market to Grow with a Double Digit CAGR until 2026
Advancing healthcare industry in the country is
driving the growth of Malaysia Oxygen Concentrators Market, in the forecast
period.
According to TechSci report on, “Malaysia
Oxygen Concentrators Market By Type (Portable v/s Stationary) By Technology
(Pulse Flow, Continuous Flow, Continuous/Pulse) By Flow-rate (0-5 l/min, 5-10
l/min, Above 10 l/min) By Source (Import v/s Domestic) By Application (COPD,
Pneumonia, COVID-19, Hypoxemia, Others) By End Users (Hospitals & Clinics,
Ambulatory Care Centers, Home Care) By Region, Competition Forecast &
Opportunities, 2026”, Malaysia oxygen concentrators market has shown promising growth in historical years
until 2019 and is expected to continue its growth in upcoming forecast years
2021 to 2026. Malaysia oxygen concentrators market owes its growth to the factors
like surge in the demand of the oxygen concentrators to provide treatments to the
rising number of COVID patients. Moreover, the rising number of viral
infections, pulmonary heart failures, and respiratory disorders are driving the
growth of the Malaysia oxygen concentrator market in the upcoming five years.
Also, the research and technological advancement in the medical devices to
provide the best available healthcare facilities to the country population is
supporting the growth of the Malaysia oxygen concentrators market in the
upcoming five years. Multiple temporary healthcare facilities are set up in the
country under the government predicament, as the number of patients suffering
from respiratory failure due to the viral infection from the SARS CoV-2
(coronavirus). Moreover, the rapidly developing medical facilities of the
country is driving the growth of the Malaysia oxygen concentrators market
exponentially in the next five years.
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The Malaysia
oxygen concentrators market is segmented by type, technology, flow-rate,
source, application, end users, regional distribution, and competitional
analysis. Based on technology, the market is further segmented into continuous
flow, pulse flow, continuous/ pulse (hybrid flow). Continuous flow is
anticipated to hold the largest revenue shares of the market and dominate the
market segment in the next five years. The market growth can be attributed to
prevalence of chronic respiratory conditions that has led to high number of
emergency cases of COVID and other infectious disease requiring continuous
oxygen supply to patients. Also, increasing use of continuous flow
concentrators during critical situations in healthcare facilities and the
emergency situations including COVID patients with the critical condition, the
growth of continuous flow oxygen concentrators is predicted and is expected to
support the growth of the Malaysia oxygen concentrators market in the upcoming
five years.
Based on
application, the market is further bifurcated into COPD, pneumonia, COVID-19,
hypoxemia, and others. COPD is anticipated to hold the largest shares of the
market segment due to consistent inflow of patients suffering from chronic
obtrusive pulmonary disease that causes obstructed airflow from the lungs.
COVID-19 is expected to register the fastest growth in the CAGR in the next
five years due to the recent hit from the pandemic.
A partial list
of market player in the Malaysia oxygen concentrators market includes, LKL
Advance Metaltech Sdn Bhd (LKL International Berhad), Neolee Rehab Supply Sdn
Bhd, Frago Impex Sdn. Bhd., Piyatech Sdn. Bhd., Stryker Corporation (Malaysia)
Sdn Bhd, Victor Steel Equipment Sdn Bhd., ProMed Marketing Sdn Bhd, Nazmed Sdn
Bhd, among others. These market players hold larger shares of the market than
the new market players. With the advancement of the technology, it is
appropriate to say that the effective research and development of the
technologically advanced medical devices would support the market growth and
benefit the market players as well as the consumers. New market players may
focus on the research and development to provide devices that satisfies the
consumer demand as well as benefits the market players in building their brand
value. Other competitive strategies include mergers & acquisitions and new
product developments.
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“Malaysian healthcare industry is still developing and the scope of the
establishment of a new market player along with open strategies are available
in Malaysia healthcare market. Technological advancement is slowly growing, and
the demand of medically advanced and equipped staff and facility is also taking
over the market. New market player may establish themselves with the advancing
technology. Although the surge in the number of patients suffering from COVID
has rapidly increase and thus has the surge in the demand for the oxygen
concentrators. Where government and private healthcare facility are setting up
temporary camps for the treatments of the patients, cheaper, more viable
options of oxygen concentrators, preferably the portable devices to combat any
future pandemic or similar epidemic has raised general concerns that can
provide better opportunity for the market players. Increasing cases of COVID is
a major concern for the government of the country as well as the global
healthcare systems. Market players can establish their place with the advancing
technologies in the future market,” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“Malaysia
Oxygen
Concentrators Market By Type (Portable
v/s Stationary) By Technology (Pulse Flow, Continuous Flow, Continuous/Pulse)
By Flow-rate (0-5l/min, 5-10l/min, Above 10l/min) By Source (Import v/s
Domestic) By Application (COPD, Pneumonia, COVID-19, Hypoxemia, Others) By End
Users (Hospitals & Clinics, Ambulatory Care Centers, Home Care) By Region,
Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of Malaysia
oxygen concentrators market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Malaysia oxygen
concentrators market.
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