Report Ocean presents a new report on oxygen concentrators market size, share, growth, industry trends, and forecast 2027, covering various industry elements and growth trends helpful for predicting the market’s future.
The oxygen concentrators market was valued at ~$3,200 million in 2020. The global oxygen concentrators market is forecast to grow at a CAGR of 5.85% during the forecast period from 2021-2027.
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Clinical and diagnostic uses for oxygen concentrators are common among medical care workers. Oxygen concentrators and compressed oxygen gas cylinders, for example, are significant medical oxygen gas systems that are largely used in homecare settings. These systems are typically used by elderly patients with mobility challenges and a need for a steady oxygen supply.
In certain chronic medical conditions such as chronic obstructive pulmonary disease (COPD), emphysema, and chronic bronchitis caused by smoking, additional oxygen is usually necessary to maintain adequate oxygen levels. There are also many types of oxygen systems available that deliver controlled amounts of oxygen to patients. In addition, medical oxygen gas is high-purity oxygen used to help cure disease in humans.
Factors Affecting the Global Oxygen Concentrators Market
A growing number of people are being exposed to environmental pollution on a daily basis.
The increase in the number of people who are susceptible to indoor air pollution, and a rise in smokers, have also contributed to the growth of this industry.
Oxygen concentrators are expensive and regulated in a way that is preventing their growth.
Growth opportunities exist for the oxygen concentrator market from emerging markets and growing geriatric populations in the forecast period.
Covid-19 Impact on the Global Oxygen Concentrators Market
Covid-19 prevalence is increasing worldwide, along with the prevalence of chronic diseases. During the Covid-19 pandemic, governments worldwide prioritized optimal use of the medical infrastructure. Additionally, both import and domestic manufacture of medical oxygen gas should be closely monitored to ensure uninterrupted supply to designated Covid-19 hospitals identified by the local administration.
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Regional Analysis of the Global Oxygen Concentrators Market
U.S. Centers for Disease Control and Prevention estimate that an analysis of severe respiratory illnesses, such as Covid-19, in the U.S. would result in the need for more than seven billion respirators. This need can be met by medical devices, including oxygen cylinders. It is the major contributor to the growth of the North American market for oxygen concentrators.
Due to the rising prevalence of chronic diseases, infectious diseases, and heart disease, Asia-Pacific is projected to have the highest CAGR during the forecast period. In addition, an increase in the number of hospitals equipped with advanced medical facilities contributes to the region’s strong growth.
Key Players in the Global Oxygen Concentrators Market
The major competitors in the global oxygen concentrators market include:
Inogen, Inc.
Invacare Corporation
DeVilbiss Healthcare LLC
Chart Industries, Inc. (AirSep)
Supera Anesthesia Innovations
Nidek Medical
Koninklijke Philips N.V.
O2 Concepts
Teijin Limited
GCE Group
Other Prominent Players
Aim of the Report: The Global Oxygen Concentrators Market
The global oxygen concentrators market is segmented by End-User, Technology, Product, and Region.
Segmentation based on End-User
Hospital
Home Healthcare
Ambulatory Surgical Centers & Physician Offices
Segmentation based on Technology
Pulse Flow
Continuous Flow
Segmentation based on Product
Portable
Fixed
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
What are the aspects of this report that relate to regional analysis?
The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
How are the key players in the market assessed?
This report provides a comprehensive analysis of leading competitors in the market.
The report includes information about the key vendors in the market.
The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.
The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.
A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.
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