Oxygen Concentrators Market

Oxygen Concentrators Market - Global Forecast to 2024

Report Code: UC 2006 Mar, 2019, by marketsandmarkets.com

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.

Objectives of the Study

  • To define, describe, segment, and forecast the global oxygen concentrators market on the basis of type, technology, end user, and region
  • To forecast the size of the oxygen concentrators market with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa
  • To provide detailed information regarding the major factors influencing the growth of the oxygen concentrators market (drivers, restraints, opportunities, and industry-specific challenges)
  • To analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market
  • To analyze the opportunities in the market for stakeholders and provide details of the competitive leadership mapping for market leaders
  • To profile key players in the oxygen concentrators market and comprehensively analyze their core competencies2 and market shares
  • To track and analyze competitive developments such as acquisitions; product launches; collaborations, partnerships, & agreements; and expansions in the market

Research Methodology

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.

Target Audience

  • Oxygen concentrators manufacturers
  • Oxygen concentrators distributors and sales firms
  • Healthcare Institutions (Hospitals and Outpatient Clinics)
  • Research institutes, organizations, and consulting companies
  • Contract Research Organizations (CROs) and Contract Manufacturing Organizations (CMOs)
  • Business research and consulting firms
  • Venture capitalists and investors

Scope of the Report

Report Metric

Details

Market size available for years

2017–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Value (USD)

Segments covered

Type segments in industries such as Portable and Stationary, and Technology segment such as continuous flow and intermittent flow

Geographies covered

North America, Europe, APAC, Latin America, Middle East, and Africa.

Companies covered

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:

Oxygen concentrators Market, by Type

  • Portable
  • Stationary

Oxygen concentrators Market, by Technology

  • Pulse Flow
  • Continuous Flow

Oxygen concentrators Market, by End User

  • Hospitals
  • Home Care Settings
  • Ambulatory Surgical Centers and & Physician Offices

Oxygen concentrators Market, by Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa

Available Customization

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:

Geographic Analysis

  • Further breakdown of the Asia Pacific oxygen concentrators market into Australi, Indonesia, and South Korea

Company Information

  • Detailed analysis and profiling of additional market players (Up to 5)

Table of Contents

1 Introduction
    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
    1.4 Currency
    1.5 Limitations
    1.7 Stakeholders

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
    5.1 Introduction
    5.2 Market Segmentation
    5.3 Market Dynamics
           5.3.1 Drivers
           5.3.2 Restraints
           5.3.3 Opportunities
           5.3.4 Challenges

6 Industry Insights
    6.1 Industry Trends
    6.2 Product Portfolio Analysis

7 Oxygen Concentrators Market, By Type
    7.1 Introduction
    7.2 Portable 
    7.3 Stationary

8 Oxygen Concentrators Market, By Technology
    8.1 Introduction
    8.2 Pulse Flow 
    8.3 Continuous Flow 

9 Oxygen Concentrators Market, By End User
    9.1 Introduction
    9.2 Hospitals 
    9.3 Home Care Settings
    9.4 Ambulatory Surgical Centers & Physician Offices

10 Oxygen Concentrators Market, By Region
     10.1 Introduction
     10.2 North America
             10.2.1 Us
             10.2.2 Canada
     10.3 Europe
             10.3.1 Germany
             10.3.2 U.K.
             10.3.3 France
             10.3.4 Italy
             10.3.5 Spain
             10.3.6 Rest of Europe (RoE)
     10.4 Asia-Pacific
             10.4.1 Japan
             10.4.2 China
             10.4.3 India
             10.4.4 Rest of APAC (RoAPAC)
     10.5 Latin America
             10.5.1 Brazil
             10.5.2 Mexico
             10.5.3 Rest of Latin America (RoLA)
     10.6 Middle East & Africa

11 Competitive Landscape
     11.1 Overview
     11.2 Market Share Analysis, By Key Players (2018)
     11.3 Competitive Leadership Mapping, 2018
             11.3.1 Visionary Leaders
             11.3.2 Innovators
             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
             11.4.4 Expansions

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
     12.6 Inogen
     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 Appendix
     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


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Report Code
UC 2006
Published ON
Mar, 2019
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