Medical Oxygen Concentrators Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Medical Oxygen Concentrators Market: By Product Type (Portable Oxygen Concentrators and Stationary Oxygen Concentrators), By Technology (Pulse Dose Oxygen Concentrators and Continuous Flow Oxygen Concentrators), By Application (COPD, Asthma, Cystic Fibrosis, Pneumonia, and Others), By End User (Hospitals, Clinics, Ambulatory Surgical Centers (ASC), Homecare, and Travel Agents), and Geography

 

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Report

Description

Medical Oxygen Concentrators Market size valued USD 1,834 million in 2021 and expected to reach USD 3,627.6 million by 2028 poised to grow at CAGR of 8.9% during forecast period 2022-2028. The market growing geriatric population, the incidence of various respiratory disorders and technology advances in oxygen concentrators. Oxygen concentrators are medical equipment that extract oxygen from a gas supply by selectively removing nitrogen, resulting in an oxygen-enriched product gas spurt. Oxygen concentrators are medical devices that selectively remove nitrogen from a gas supply, producing in an oxygen-enriched product gas spurt. Air is circulated through molecular filter beds in oxygen concentrators to concentrate ambient oxygen to therapeutic levels for patient administration. Oxygen concentrators are used by patients who require supplemental oxygen for respiratory ailments such as bronchitis, emphysema, lung cancer, or acute pneumonia. Oxygen concentrators can be used at home or in hospital settings to help users meet their oxygen needs. Because of their ease of use, oxygen concentrators are becoming increasingly popular and in high demand. Moreover, several oxygen concentrators are available with different flow rate such as continuous and pulse flow devices, which are digitally monitored to help in the improved usability in across patient groups in hospital and homecare setups, which are advancing medical oxygen concentrators market revenue growth across the globe. In addition, the research report includes technology advancements; regulatory scenario and competition analysis with vividly illustrated the competition dashboard to assess the market competition.

Medical Oxygen Concentrators Market

MARKET SUMMARY
-
8.9%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 8.9%
  • Largest Market– North America
  • Fastest Growing Market– Asia-Pacific

Medical Oxygen Concentrators Market

  • The report on medical oxygen concentrators market gives historical, current, and future market sizes (US$ Mn) on the basis of product type, technology, application, end user, and geographic regions.
  • The global medical oxygen concentrators market report gives a comprehensive outlook on medical oxygen concentrators devices across the globe with special emphasis on key regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa (MEA).
  • This report studies medical oxygen concentrators market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
  • Key stakeholders of the medical oxygen concentrators market report include suppliers, manufacturers, marketers, policymakers, and healthcare service providers engaged in manufacturing, supply and usage of medical oxygen concentrators.
Key Players
  • Chart Industries, Inc. (U.S.)
  • Medtronic plc. (U.S)
  • DeVilbiss Healthcare LLC (U.S)
  • GCE Group (Sweden)
  • Inogen (U.S)
  • Invacare Corporation (U.S)
Medical Oxygen Concentrators Market

Drivers And Restraints

The growing ageing populations, who are vulnerable to several respiratory diseases, are expected to drive the market revenue growth over the forecast period. For Instance, in 2016, according to World Bank population statistics, population ages 65 and above is estimated to be around 8.5% of total population and projected to grow geriatric population over the forecast period, which in turn affect the market growth positively. Moreover, Chronic Obstructive Pulmonary Disease (COPD) patients are increasingly adopting oxygen concentrators for COPD management; this would drive the market revenue growth. For instance, in 2015, according to WHO, COPD estimated to cause three million deaths globally. In addition, growing consumptions of cigarettes, marijuana, and rising air pollution causing respiratory diseases, this, in turn, propels the adoption of oxygen concentrators across the patient groups.


North-America got significant share

Medical Oxygen Concentrators Market

North America market leads the global medical oxygen concentrators market and projected to remain dominant over the forecast period owing to favourable reimbursement policies, well-developed homecare services in the region. Asia-pacific medical oxygen concentrators market projected to grow at significant CAGR over the forecast period owing to large patient population and increasing incidence of various respiratory diseases in the region.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Findings of the Report

  • medical oxygen concentrators market expanding at 8.9% CAGR over 2021 to 2026 to reach the market value of US$ 1,795.93 Mn by 2026
  • Based on product type, portable oxygen concentrators accounted for larger market revenue share in 2016 owing to growing lightweight oxygen concentrators introduction in the market
  • Pulse Dose Oxygen Concentrators growing with significant growth rate owing increasing prevalence of various respiratory diseases
  • Homecare accounted larger revenue share in the global market and expected to remain attractive over the forecast period
  • Players focusing on launching technologically advanced products to retain the market position in global medical oxygen concentrators market.

Key

Key Features of the Report

Medical Oxygen Concentrators Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content


Report

Company Profile

Key players profiled in the global Medical Oxygen Concentrators market include:

  • Chart Industries, Inc. (U.S.)
  • Medtronic plc. (U.S)
  • DeVilbiss Healthcare LLC (U.S)
  • GCE Group (Sweden)
  • Inogen (U.S)
  • Invacare Corporation (U.S)
  • Koninklijke Philips N.V. (Netherlands)
  • Linde Healthcare (Germany)
  • Nidek Medical Products, Inc. (U.S)
  • O2 Concepts, LLC (U.S)
  • Oxus America (U.S)
  • Oxygen to Go, LLC (U.S)
  • Teijin Limited (Japan)

Description

Medical Oxygen Concentrators Market size valued USD 1,834 million in 2021 and expected to reach USD 3,627.6 million by 2028 poised to grow at CAGR of 8.9% during forecast period 2022-2028. The market growing geriatric population, the incidence of various respiratory disorders and technology advances in oxygen concentrators. Oxygen concentrators are medical equipment that extract oxygen from a gas supply by selectively removing nitrogen, resulting in an oxygen-enriched product gas spurt. Oxygen concentrators are medical devices that selectively remove nitrogen from a gas supply, producing in an oxygen-enriched product gas spurt. Air is circulated through molecular filter beds in oxygen concentrators to concentrate ambient oxygen to therapeutic levels for patient administration. Oxygen concentrators are used by patients who require supplemental oxygen for respiratory ailments such as bronchitis, emphysema, lung cancer, or acute pneumonia. Oxygen concentrators can be used at home or in hospital settings to help users meet their oxygen needs. Because of their ease of use, oxygen concentrators are becoming increasingly popular and in high demand. Moreover, several oxygen concentrators are available with different flow rate such as continuous and pulse flow devices, which are digitally monitored to help in the improved usability in across patient groups in hospital and homecare setups, which are advancing medical oxygen concentrators market revenue growth across the globe. In addition, the research report includes technology advancements; regulatory scenario and competition analysis with vividly illustrated the competition dashboard to assess the market competition.

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