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Showing posts with the label medical emergency

COVID-19 Situation Bring Lucrative Growth for Oxygen Cylinder And Concentrator Market

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