Industrial Research World

As per a new report published by Research Dive, the  global oxygen cylinder and concentrator market  is estimated to register a revenue of  $5,737.5 million till 2026 , growing at a  CAGR of 10.7%  during the forecast time from  2019-2026.  The global market segmentation has been done on the basis of product, end use and region. This report further provides in depth overview of drivers, opportunities, restraints, segmentation analysis and prominent participants of the market.  The novel coronavirus has positively affected the global oxygen cylinder and concentrator market. According to available sources, people who are affected with COVID-19, about 15% of patients have serious sickness requires oxygen supply and about 5% patients have critically ill necessitating intensive care treatment. Also, many critically affected patients will require mechanical ventilation due to doctors observed that affected patients have extraordinarily low oxygen levels in their blood. This factor is signifi

  The medical device sector is one of the prime segments of the healthcare industry. This industry has been outsourcing medical device manufacturing services for nearly a decade now. Since then, outsourcing has been a helping hand for medical device companies to cut-down development costs by almost 10% to 30%. Hence, regardless of the rising operational costs, the medical device industry has witnessed significant development during the past decade.  Drivers of medical device manufacturing outsourcing industry Several healthcare and medical device companies are currently putting efforts in maintaining company and industry productivity by offering an amazingly high level of quality in product development. They are adopting a variety of creative cost-cutting techniques and one among them is the increasingly popular strategy of outsourced manufacturing. On the other hand, a significant rise in the cases of chronic diseases including diabetes, cancer, CVDs (Cardiovascular Diseases), and oth