South America Medical Oxygen Concentrator Market Outlook, 2027

The report titled, “South America Medical Oxygen Concentrators Market Outlook, 2027”, published 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 South America Medical Oxygen Concentrator market was valued at USD 0.155 Billion in the year 2021. 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 around 0.13 Billion in 2021. On the other hand, pulse flow technology is expected to grow enormously with an anticipated rate of over 11.5%. 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 almost 47% in 2021. 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 over 10%. . Geographically, the South America portable oxygen concentrators market is predicted to develop moderately. The rising incidence of chronic obstructive pulmonary disease, changing consumer lifestyles, adoption of new technologies, growing consumer awareness of oxygen therapy devices, increasing government expenditure company investment in homecare products, all contribute to the region's market growth.

The increasing number of ICU cases in the region was likely to be a fuel for the South America Oxygen Concentrator market’s non-homecare 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 non-home care segment in the region could not attain dominance, holding to around 40% of the market. Relatively advanced healthcare infrastructure, healthcare spending and high population density in Brazil compared to other South 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 South 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 2016. The key players are focusing on broadening their product portfolio by partnering with or acquiring smaller companies or by launching new products COVID-19 Impact The Covid-19 pandemic affected the market in the region in some what positive manner with the disease increasing the need for oxygen concentrators, as it attacks the respiratory organs and weakens them. On the other hand the market observed an uneven buying behavior because of the economic distress the pandemic bought with it. This especially affected the developing nations of the region. 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 2016 to 2027. For this study, Bonafide Research has segmented the South America Medical Oxygen Concentrator Market report based on product, technology, end users, and countries:

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Manmayi Raval

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Companies included: Inogen Inc., Koninklijke Philips N.V., Nidek Medical products Inc., ResMed Inc, Besco Medical Limited, GCE Group, MedTronic Considered in the report • Geography: South America • Base year: 2021 • Historical year: 2016 • Forecasted year: 2027 Regions covered: • Brazil • Argentina • Colombia Aspects covered in the report • Market Size by Value for the time period (2016-2027F) • 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 The approach of the report: We keep an eye on evolving markets and try to evaluate the potential of the products and services. If we find the market interesting, we start working on it and create the desired table of content, considering all aspects of the business. We start by creating separate questionnaires for C-level executives, national/regional sales personnel, company owners, dealers, distributors, and end-users. Once the questionnaires have been finalized, we start collecting the primary data (mostly through phone calls) and try to understand the market dynamics regionally or tier-wise. This process gives us in-depth details of the market, including all present companies, the top-performing products with reasons why they dominate; we get the details of new players and their innovative approaches; market trends; dynamics; and all the small details of the market. After the collection of primary inputs, we then cross-check the same with secondary sources that include associations, trade journals, annual reports, paid databases, newspapers, magazines, press releases, government sources, etc. From this, we get a rough estimate of the market and start checking existing product price variants, trade, production, raw material scenarios, policies and regulatory landscape, etc. Then, to finalize the market, we start collecting financials of each player present in the market, including limited, private limited, and LLPs. Moreover, we perform cross-industry and cross-region analysis of the product, and based on collected primary inputs and using statistical modeling, we start forecasting the market. We follow our forecasting algorithm, which is unique for each product but gives more weight age to primary inputs. At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, PEST analysis, etc. Once the data is verified by the data expert, the team (primary team, content team, and data team) together crosscheck the segmentations, validate the market, and then the designing team starts plotting the graphs. Once the file is ready, the content team completes the report and makes sure that all the discussed points have been covered and provides their valuable inputs in the form of strategic recommendations for new as well as existing players. The QC team then checks the overall report that includes spell check, data verification, and makes the same dispatch ready and error-free. Intended Audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Medical Device industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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