Latin America Oxygen Concentrator Market Outlook, 2026

Latin America Oxygen Concentrator Market Outlook, 2026

Bonafide Research 31-05-2021 90 Pages Figures : 5 Tables : 36
Region : Asia-Pacific Category : Lifescience Medical Devices

1. Caire Inc.

2. Inogen Inc.

3. Invacare Corporation

4. Koninklijke Philips

5. Nidek Medical Products Inc.


An oxygen concentrator is a device that concentrates the oxygen from a gas supply by selectively removing nitrogen to supply an oxygen-enriched product gas stream. The device can aid those whose oxygen saturation levels are between 88 and 92 by reducing the burden on the lungs. With the demand for medical oxygen continuing unabated and countries struggling to keep pace with demand, the oxygen concentrator has emerged as a sought-after device. The research report titled Latin America Medical Oxygen Concentrators Market Outlook, 2026 by Bonafide Research categorizes the market to forecast the revenues and analyze the trends in each of the following segments: based on product type (Portable, Stationary, & Oxygen Cylinders), based on technology (Continuous Flow & Pulse Flow), based on end users (Home Care & Non Home Care), based on countries & major companies.

Mainly driven by the increasing respiratory diseases and the general health awareness, the Lain America Medical Oxygen Concentrator market was valued at USD 0.100 Billion in the year 2015. Globally, this region contributes the least to the market with hardly covering to a share of less than 10% since the studied period. Be that it may be having poor compensation and a relatively high cost of equipment to hamper the market growth, the new developments in the economy are expected to allow an approximate anticipated CAGR of 7%. Moreover, the region has to confront the high maintenance and insurance of these devices, which hampers the demand for oxygen concentrators. Majorly divided into two categories, the market based on technology is led by the continuous flow segment, valuing to 0.12 Billion in 2020. On the other hand, pulse flow technology is expected to grow enormously with an anticipated rate of over 11%.

The gap in medical oxygen availability in the region is addressed as one of the defining health equity issues, of the current age. Many countries in the region view oxygen supplies primarily as an industrial product for more lucrative sectors such as mining, not health care, and it has not been a focus of many international donors. This has been a major restricting factor in the region. The product type, the oxygen cylinder segment leads the market with a clear dominating share of over 47% in 2020. Apart from the demand-supply gap, the region lacks the basic requirements like good infrastructure, skilled technicians, and break-free electricity, for the proper functioning of an oxygen manufacturing plant. The distribution of oxygen cylinders on a smaller scale means they are less cost-effective, in addition to being cumbersome to transport and handle, which also carries an increased risk of cross-contamination. With this, the region is to face a hike in the demand for portable oxygen cylinders which is expected to grow with a future CAGR of 10.43%.

The increasing number of ICU cases in the region was likely to be a fuel for the Latin America Oxygen Concentrator market’s nonhome care use. According to the Brazilian Critical Care Society, there were approximately 36,000 ICU beds ?in Brazil which is one of the largest ?numbers of ICU beds in the world per population. These ICU require oxygen concentrators to deliver purified oxygen. There were 25 ICU beds per 100,000 inhabitants 7.6 public ICU beds per 100,000 inhabitants. Yet the nonhome care segment in the region could not attain dominance, holding to 43.15% of the market.

Relatively advanced healthcare infrastructure, healthcare spending and high population density in Brazil compared to other Latin American countries is the primary factor for the dominant share of over half of the market. The market for respiratory equipment is untapped in many Latin American countries due to low healthcare access and low disease awareness. For instance, Argentina represents a potential market for respiratory equipment which more than 300,000 health professionals and 5000+ hospitals in the country, yet accounted merely for USD 0.006 Billion in 2015. The key players are focusing on broadening their product portfolio by partnering with or acquiring smaller companies or by launching new products. Some of the prominent players include Teijin Limited, Nidek Medical Products, Inogen, ResMed, and Invacare Corporation among others.

This report forecasts revenue growth at regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2026. For this study, Bonafide Research has segmented the Latin America Medical Oxygen Concentrator Market report based on product, technology, end users, and countries:

• Geography: Latin America
• Base year: 2020
• Historical year: 2015
• Forecasted year: 2026

• Latin America
• Brazil
• Argentina
• Columbia

• Market Size by Value for the time period (2015-2026F)
• Market Share by Product (Portable Oxygen Concentrator, Stationary Oxygen Concentrator, & Oxygen Cylinders)
• Market Share by Technology (Continuous Flow & Pulse Flow)
• Market Share by End User (Home Care & Non Home Care)
• Market Share by Country
• Market Share by Company

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