Report Ocean presents a new report on global oxygen generator market size, share, growth, industry trends, and forecast 2030, covering various industry elements and growth trends helpful for predicting the market’s future.
The global oxygen generator market in 2021 was valued at USD 1,469.5 Million and is projected to reach USD 2,545.0 Million by the year 2030. The market is anticipated to register a CAGR of 5.1% over the projected period. In 2021, around 1,321.87 thousand units of oxygen generators were estimated to be sold.
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The Centers for Medicare and Medicaid Services report that US healthcare expenditures grew by 4.6% to US$ 3.8 trillion in 2019, or US$ 11,582 per person, and accounted for 17.7% of GDP. Also, the federal government accounted for 29.0% of the total health expenditures, followed by households (28.4%). State and local governments accounted for 16.1% of total health care expenditures, while otherI private revenues accounted for 7.5%.
This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
Oxygen generators are devices used for separating oxygen from compressed air using special selective adsorptive technology, known as the pressure swing adsorption. The government initiatives to manage respiratory disorders and COVID-19 is expected to boost the market growth. Furthermore, rising use of oxygen generators in various industries is also expected to fuel the market growth.
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Despite the driving factors, high cost of medical oxygen generator are expected to hinder the market growth during the forecast period. Stringent regulatory procedures are also estimated to restrain the market growth.
Government initiatives to manage respiratory disorders and COVID-19
During the COVID-19 pandemic, the demand for oxygen generators increased owing to the high requirement of oxygen during the treatment of COVID-19. Also, rising prevalence of respiratory disorders is estimated to increasing adoption of oxygen generators. According to the Centers for Disease Control and Prevention, as of September 2021, in the U.S. around 873,000 visits to the emergency departments were made because of COPD. Moreover, the COVID-19 pandemic worsened globally. Hence, government across various nations globally took initiatives to curb the pandemic. These initiatives included various testing programs, among others.
Rising use of oxygen generators in various industries Oxygen generators find applications in commercial as well as industrial applications. Various industrial applications of oxygen generators include glass manufacturing, sewage & wastewater treatment plants, papermaking, food/beverage industries, chemical oxidation processes, metallurgy, gasification processes, commercial fish farming, and, mining, among others. Hence, the rising use of oxygen generators in various industries are anticipated to fuel the market growth.
The global oxygen generator market is segmented the type, form, technology, and application.
Small PSA Oxygen Generator
Large PSA Oxygen Generator
The small PSA oxygen generator segment was estimated to hold the largest market share owing to the increasing demand for various applications. The large PSA oxygen generator is expected to grow at the fastest volume CAGR of 5.6% owing to various technological advancements.
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Portable Oxygen Generators
Stationary Oxygen Generators
Over 500 thousand units of stationary oxygen generators by 2029 owing to their high usage in home healthcare. Portable oxygen generators segment is estimated to grow owing to their ease of use.
The pulse flow segment is expected to hold the largest market share as they are more energy efficient as compared to the continuous flow. The continuous flow segments market size is anticipated to surpass a value of USD 900 million by 2029 owing to their growing usage in healthcare facilities.
o Sewage and Waste Water treatment
o Steel Industry
o Gold Mining
o Pulp and Paper Manufacturing
o Glass Blowing
o Fish farms & Aquaculture
The home-use oxygen segment is expected to hold the largest market share owing to the increasing spending and preference on home healthcare devices. Within the industrial oxygen segment, the gold mining segments volume is approximately 35% of the steel industrys volume in 2021 and this is expected to reach about 40% by 2030. This is owing to the high usage of oxygen for gold extraction. Also, the glass blowing segment is expected to account for a market size of USD 86.9 million by 2030.
Based on region, the global Oxygen generator market is divided into Europe, North America, Asia Pacific, South America, and the Middle East & Africa.
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The North America region is expected to hold the largest market share of around 38% owing to the increasing incidence rate of respiratory diseases. The Europe region is estimated to the high COVID-19 cases.
Asia Pacific region witnessed the fastest growth rate of 6.3% during the forecast period owing to the various government initiatives in various Asia Pacific countries, such as India, China, and South Korea, among others.
Key players operating in the global oxygen generator market include Atlas Copco, AVIC Jianghang, Beijing Shenlu, Airsep, Caire, DeVilbiss Healthcare, Drive Medical, Foshan Kaiya, GCE Group, Inmatec, Inogen, Inova Labs, Invacare, Nidek Medical, NGK Spark Plug, Novair Medical, O2 Concepts, Oxymat A/S, Philips Respironics, Precision Medical, ResMed, SeQual Technologies, Teijin Pharma, Yuwell, and Other Prominent Players. The cumulative market share of 6 major players is more than 50%.
These market players are engaged in mergers & acquisitions, collaborations, and new product launches to strengthen their market presence. For instance, in December 2021, Invacare Corporation strategically realigned its Asia Pacific and Europe & Middle East & Africa business for streamlining its operations and enhancing customer experience. The company expanded its market presence with this initiative.
Table Of Content:
Chapter 1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
Chapter 2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Sources
2.2. Quantitative Research
2.2.1. Primary & Secondary Sources
2.3. Breakdown of Primary Research Respondents, By Region
2.4. Assumption for the Study
2.5. Market Size Estimation
2.6. Data Triangulation
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The global Oxygen generator market report provides insights on the below pointers:
Market Penetration: Provides comprehensive information on the market offered by the prominent players
Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the global oxygen generator market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The global Oxygen generator market report answers questions such as:
What is the market size and forecast of the Global Oxygen generator Market?
What are the inhibiting factors and impact of COVID-19 on the Global Oxygen generator Market during the assessment period?
Which are the products/segments/applications/areas to invest in over the assessment period in the Global Oxygen generator Market?
What is the competitive strategic window for opportunities in the Global Oxygen generator Market?
What are the technology trends and regulatory frameworks in the Global Oxygen generator Market?
What is the market share of the leading players in the Global Oxygen generator Market?
What modes and strategic moves are considered favorable for entering the Global Oxygen generator Market?
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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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What factors are taken into consideration when assessing the key market players?
The report analyzes companies across the globe in detail.
The report provides an overview of major vendors in the market, including key players.
Reports include information about each manufacturer, such as profiles, revenue, product pricing, and other pertinent information about the manufactured products.
This report includes a comparison of market competitors and a discussion of the standpoints of the major players.
Market reports provide information regarding recent developments, mergers, and acquisitions involving key players.
What are the key findings of the report?
This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
The report offers the current state of the market and future prospects for various geographical regions.
This report provides both qualitative and quantitative information about the competitive landscape of the market.
Combined with Porter’s Five Forces analysis, it serves as SWOT analysis and competitive landscape analysis.
It provides an in-depth analysis of the market, highlighting its growth rates and opportunities for growth.
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