Over the past several years, there have been some tremendous breakthroughs in the area of long-term oxygen therapy support. One of the most prominent is that of the oxygen concentrator. An oxygen concentrator is a device that concentrates the oxygen from a gas supply (generally ambient air) by selectively removing nitrogen to supply an oxygen-enriched product gas stream. An oxygen concentrator takes in air and removes nitrogen from it, leaving an oxygen enriched gas for use by people requiring medical oxygen due to low oxygen levels in their blood. The global Oxygen concentrators market is estimated to grow at a CAGR of approximately 9% during the forecast period to reach approximately USD 1.58 billion by 2024.
Oxygen concentrators are used by patients requiring supplemental oxygen for pulmonary disorders such as bronchitis, emphysema, lung cancer, and acute pneumonia. Oxygen concentrators can be efficiently used at home as well as clinical settings to support the user’s oxygen needs. Market growth is driven by the popularity and high demand for oxygen concentrators, due to their ease of use. Thus, many players in this market focus on incorporating significant changes in product design to suit patients’ routines.
Oxygen concentrators market is driven by the increasing prevalence of respiratory disorders, rapid growth in the geriatric population, high prevalence of tobacco smoking, preference towards home-based oxygen therapy, and technological advancements. However, the availability of low-cost alternatives by local manufacturers, stringent regulatory guidelines causing delays in product approvals, and Medicare reimbursement rate cuts for home oxygen therapy are restraining the growth of this market to a certain extent.
Prominent players in the healthcare oxygen concentrators market are Chart Industries, Inc. (AirSep), Koninklijke Philips N.V., Invacare Corporation, DeVilbiss Healthcare LLC, Nidek Medical, Inogen, O2 Concepts, Teijin Limited, Supera Anesthesia Innovations, and GCE Group.
Top-down and bottom-up approaches will be used to validate the size of the global oxygen concentrators market and estimate the size of other dependent submarkets. Various secondary sources such as directories, industry journals, databases such as Bloomberg Business, Factiva, and Dun & Bradstreet; white papers; annual reports; company house documents; and SEC filings of the companies will be used to identify and collect information useful for the study of this market. Primary sources such as experts from both supply and demand sides will be interviewed to obtain and validate information as well as to assess dynamics of this market.
Market size available for years
Base year considered
Type segments in industries such as Portable and Stationary, and Technology segment such as continuous flow and intermittent flow
North America, Europe, APAC, Latin America, Middle East, and Africa.
Chart Industries, Inc. (AirSep) (US), Koninklijke Philips N.V. (Netherlands), Invacare Corporation (US), DeVilbiss Healthcare LLC (US), Nidek Medical (India), Inogen (US), O2 Concepts (US), Teijin Limited (Japan), Supera Anesthesia Innovations (US), and GCE Group (Sweden)
The research report categorizes the market into the following segments and subsegments:
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options would be available for the report:
Table of Contents
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
2 Research Methodology
2.1 Research Approach
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Key Data From Secondary Sources
2.5 Key Data From Primary Sources
2.6 Assumptions for the Study
3 Executive Summary
4 Premium Insights
4.1 Oxygen Concentrators Market: Growth Potential
4.2 Asia-Pacific Oxygen Concentrators Market
4.3 Oxygen Concentrators Market: Geographic Growth Opportunities
4.4 Geographic Mix: Oxygen Concentrators Market, By Category
4.5 Oxygen Concentrators Market, By Service Type & Geography
4.6 Oxygen Concentrators Market, By Geography
5 Market Overview
5.2 Market Segmentation
5.3 Market Dynamics
6 Industry Insights
6.1 Industry Trends
6.2 Product Portfolio Analysis
7 Oxygen Concentrators Market, By Type
8 Oxygen Concentrators Market, By Technology
8.2 Pulse Flow
8.3 Continuous Flow
9 Oxygen Concentrators Market, By End User
9.3 Home Care Settings
9.4 Ambulatory Surgical Centers & Physician Offices
10 Oxygen Concentrators Market, By Region
10.2 North America
10.3.6 Rest of Europe (RoE)
10.4.4 Rest of APAC (RoAPAC)
10.5 Latin America
10.5.3 Rest of Latin America (RoLA)
10.6 Middle East & Africa
11 Competitive Landscape
11.2 Market Share Analysis, By Key Players (2018)
11.3 Competitive Leadership Mapping, 2018
11.3.1 Visionary Leaders
11.3.3 Emerging Companies
11.3.4 Dynamic Differentiators
11.4 Competitive Situation and Trends
11.4.1 New Product Launches
11.4.2 Collaborations, Agreements, & Partnerships
11.4.3 Mergers & Acquisitions
12 Company Profiles
(Business Overview, Financials, Recent Developments, and MnM View)
12.1 Chart Industries, Inc. (Airsep)
12.2 Koninklijke Philips N.V.
12.3 Invacare Corporation
12.4 Devilbiss Healthcare LLC
12.5 Nidek Medical
12.7 O2 Concepts
12.8 Teijin Limited
12.9 Supera Anesthesia Innovations
12.10 GCE Group
*The List of Companies Mentioned Above is Indicative Only and Might Change During the Course of the Study.
*Details on Key Financials Might Not Be Captured in Case of Unlisted Companies.
* SWOT Analysis Will Be Provided for Top-5 Companies Only.
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details