16-Aug-2022 | Facts and Factors
According to Facts and Factors, the global oxygen concentrators market was worth USD 1,629.30 million in 2021 and is estimated to grow to USD 2,542.70 million by 2028, with a compound annual growth rate (CAGR) of approximately 7.70% over the forecast period. The report analyzes the oxygen concentrator market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the oxygen concentrator market.
An oxygen concentrators market (POC) is a medical device that gives people with respiratory illnesses access to oxygen. The concentrator separates nitrogen and oxygen from ambient air, discards the nitrogen, and gives patients access to 95% pure oxygen via a mask. POCs are easier for patients to carry because they are smaller than fixed oxygen concentrators. In addition to patients, mountaineers and tourists utilize POCs in locations with insufficient oxygen. Moreover, medical professionals frequently employ oxygen concentrators for therapeutic and diagnostic purposes. Medical oxygen gas systems like oxygen concentrators and compressed oxygen gas cylinders are widely used in home care settings. Older patients who have mobility issues and need a consistent oxygen supply typically choose these systems.
Browse the full “Oxygen Concentrators Market Size, Share, Growth Analysis Report By Delivery System (Pulse Flow and Continuous Flow), By Application (Chronic Obstructive Pulmonary Disease (COPD), Asthma, Respiratory Distress Syndrome and Others), By End User (Hospital, Homecare Settings, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/oxygen-concentrator-market
To maintain proper oxygen levels, some prevalent chronic medical conditions, such as chronic obstructive pulmonary disease (COPD), emphysema, and chronic bronchitis, which are common long-term repercussions of smoking, require oxygen therapy or supplemental oxygen. Additionally, various oxygen delivery devices are employed to provide patients with a controlled amount of oxygen. Medical oxygen gas, which is high-purity oxygen made specifically for use in the human body during clinical treatments, is another option.
Segmental Overview
The global oxygen concentrators market is segmented into a delivery system, application, and end user. The market is divided into pulse and continuous, depending on the delivery system. In 2021, the continuous delivery system category had a major share. The market is divided into sections based on application, including COPD, asthma, respiratory distress syndrome, and others. In 2021, the asthma category dominated the global market. The end user separates it into hospitals, home healthcare, and other categories. In 2021, the home care market for medical oxygen concentrators and oxygen cylinders was the largest in revenue.
Regional Overview
In 2021, the largest revenue share was held by North America. One of the area's major market expansion drivers is the region's aging population. This is due to the weakened immune systems and limited ability for oxygen intake, and the population is more susceptible to a variety of respiratory illnesses. Additionally, government programs like the Federal Aviation Administration's (FAA) authorization to use oxygen concentrator market during air travel and the rising incidence of severe chronic obstructive pulmonary disease by unhealthy lifestyles boost the regional market. Moreover, Asia Pacific is the most profitable market during the projection period.
The frequency of lung illnesses and the fast-growing geriatric population are major drivers of regional market expansion. By 2050, it is predicted that one in four residents in the area will be older than 60. The region's advanced economies have seen major living and health standards rise. Increases in healthcare costs, life expectancy, and public knowledge of new technologies are a few factors anticipated to support regional market expansion throughout the projection period.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 1,629.30 Million |
Projected Market Size in 2028 |
USD 2,542.70 Million |
CAGR Growth Rate |
7.70% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
Koninklijke Philips N.V, Chart Industries, Inc., Invacare Corporation, Inogen, Inc., Drive Devilbiss Healthcare, O2 Concepts LLC, Nidek Medical, GCE Group, Caire Inc, and Others |
Key Segment |
By Delivery System, Application, End User, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Competitive Landscape
The report contains qualitative and quantitative research on the global oxygen concentrators market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts.
Key players in the global oxygen concentrators market include Koninklijke Philips N.V, Chart Industries, Inc., Invacare Corporation, Inogen, Inc., Drive Devilbiss Healthcare, O2 Concepts LLC, Nidek Medical, GCE Group, Caire Inc
Recent Development:
- In May 2021, OxyGo LLC announced that it had acquired LIFE Corporation, a medical equipment manufacturer for administering CPR and portable emergency oxygen. This acquisition improved the company's capacity for development and provided chances for market-based commercial growth.
- To expand its business in the oxygen concentrator market s market, NGK SPARK PLUG CO., LTD. announced in October 2018 that it had acquired the oxygen-related product businesses of CAIRE Inc. in the United States, Chart BioMedical (Chengdu) Co., Ltd. in China, and Chart BioMedical Limited in the United Kingdom. This has improved the company's product lineup in the marketplace.
Oxygen Concentrators Market is segmented as follows:
By Delivery System
- Continuous Flow
- Pulse Flow
By Application
- Chronic Obstructive Pulmonary Disease (COPD)
- Asthma
- Respiratory Distress Syndrome
- Others
By End User
- Hospitals
- Homecare Settings
- Others
By Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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