Oxygen Concentrators Market

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

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Scope of the Report

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)