Global Medical Oxygen Concentrator Market Overview, 2022-27

Global Medical Oxygen Concentrator Market Size, Share, Trend & Market Analysis By Type, By Distribution Channel, By End User, Competition Forecast & Opportunities.

Featured Companies

  • 1. Caire Inc.
  • 2. Inogen Inc.
  • 3. Invacare Corporation
  • 4. Koninklijke Philips
  • 5. Nidek Medical Products Inc.
  • 6. O2 Concepts LLC
  • 7. Precision Medical, Inc.
  • 8. ResMed
  • 9. Teijin Limited
  • More...

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, “Global Medical Oxygen Concentrators Market Overview, 2020-27”, 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 region, countries & major companies. Originally recorded at a value of USD 1.67 Billion in 2016, the market growth can be attributed to increasing instances of respiratory diseases and pulmonary disorders. Moreover, Covid 19 pandemic has its role in the market growth over the forthcoming period. One of the major symptoms and outcomes of being infected with the coronavirus is that the patient is not able to breathe in properly. The oxygen concentrator provides for such a condition thereby creating a sudden boost in the market. The global oxygen concentrator market is expected to grow over an CAGR of almost 3% through the forecasted period. The oxygen therapy sector is evolving speedily with the incorporation of new technologies in the currently available products. These new devices have rectified some problems that were responsible for the side-effects related with the oxygen flow. Lately, new devices have been designed that automatically regulate oxygen stream rates to the requirements of each patient, for maintaining constant oxygen-saturation levels. Such closed-loop arrangements can potentially decrease medical error, reduce morbidity and mortality, and decrease care costs. The advance of continuous-flow technology has carried out major improvements in the working of medical oxygen concentrators. Technologies such as pulse dose technology are also expected to open up new avenues for the creators of oxygen concentrators. Convenience like high mobility, better comfort, improved technologies, and increased efficiencies presented by the technology will enhance its demand in the near future.

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Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally

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An oxygen cylinder is a device that is used to supply oxygen to patients suffering from respiratory disorders that cause the patient to not be able to consume oxygen on their own. They are a tank of liquid oxygen that has a pump that converts the liquid form of the oxygen into gaseous form and is implanted to the patient to inhale the oxygen. The oxygen cylinder segment accounted for a market share of over 47% in 2021. Advantages such as ease of use, portability, and reduced weight increase patient preference rate are anticipated to drive the portable oxygen concentrator segment shares with an anticipated CAGR of 9.81% in the upcoming five years. The government aid toward the reimbursement to the patients and the hospitals and clinics providing the oxygen concentrators had allowed the nonhome care segment to accumulate a market share of above 40% in 2021. On the other hand, the home care segment holding over half of the market share is expected to grow at a rate of almost 9% through the forecasted period. The oxygen concentrators market is driven by the increasing prevalence of respiratory disorders, rapid growth in the geriatric population, high prevalence of tobacco smoking, and technological advancements. Of this, the continuous flow medical oxygen concentrator segment size was over USD 1.9 billion in 2021. However, the availability of low-cost alternatives by local manufacturers, stringent regulatory guidelines causing delays in product approvals, and Medicare reimbursement rate cuts for oxygen therapy are restraining the growth of the market to a certain extent. However, the pulse flow technology is expected to grow over an anticipated CAGR of over 11%. Owing to the light weight and easy to use attribute of using such technology. Market players are actively involved in technological advancement and currently looking out to increase the manufacturing units to meet the demand from various end-users. Countries like India and China are still struggling with the increasing number of COVID-19 patients and the demand for oxygen concentrators has multiplied rapidly. Although the imports and exports of the supply units have increased, manufacturing units at multiple points will further support the growth of the market. Partnerships among the market giants would support the market growth further. COVID-19 Impact COVID-19 can affect the economy in three main ways; by directly affecting production and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries such as China, India, Saudi Arabia, UAE, Egypt, and others are facing problems with regards to transportation of drugs from one place to another.The emergence of the COVID-19 pandemic has led to an increasing demand for medical oxygen concentrators. COVID-19 is basically a respiratory disease that affects the lungs and, in severe cases causes the oxygen level to drop. Bilateral pneumonia is the main feature associated with COVID-19 and hence the demand of supplemental oxygen increased during COVID-19. Oxygen concentrators and liquid oxygen, among other tools, are used to increase the oxygen level. In shortage of liquid oxygen, oxygen concentrators are used for oxygen therapy as oxygen tanks have to be refilled but oxygen concentrators can work 24 x 7. However, an increasing number of cases has led to a huge gap in supply and demand.

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Manmayi Raval

Manmayi Raval

Research Consultant

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 Global Medical Oxygen Concentrator Market report based on product, technology, end users, and region: Companies Included: Caire Inc, Inogen Inc., Invacare Corporation, Koninklijke Philips N.V., Nidek Medical products Inc., O2 Concepts LLC, Precision Medical Inc., ResMed Inc, Teijin Pharma Limited, Besco Medical Limited, Drive DeVilbiss Healthcare, GCE Group, MedTronic, Supera Anesthesia Innovations Considered in the report • Geography: Global • Base year: 2021 • Historical year: 2016 • Forecasted year: 2027 Regions covered: • North America • Europe • Asia • Latin America • Middle East & Africa Aspects covered in the report • Market Size by Value for the 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 Region • 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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Manmayi Raval

Companies Mentioned

  • Caire Inc.
  • Inogen Inc.
  • Invacare Corporation
  • Koninklijke Philips
  • Nidek Medical Products Inc.
  • O2 Concepts LLC
  • Precision Medical, Inc.
  • ResMed
  • Teijin Limited
  • Besco Medical Limited
  • DeVilbiss Healthcare
  • GCE Group
  • Medtronic
  • Supera Anesthesia Innovations

Table of Contents

  • Table of Content
  • 1. Executive Summary
  • 2. Report Methodology
  • 3. Market Structure
  • 3.1. Market Considerate
  • 3.2. Market Definition
  • 4. Economic / Demographic Snapshot
  • 5. Global Medical Oxygen Concentrators Market Overview
  • 5.1. Market Size by Value
  • 5.2. Market Share
  • 5.2.1. By Product Type
  • 5.2.2. By Technology Type
  • 5.2.3. By End User
  • 5.2.4. By Region
  • 5.2.5. By Country
  • 5.2.6. By Company
  • 6. North America Medical Oxygen Concentrators Market Overview
  • 6.1. Market Size by Value
  • 6.2. Market Share
  • 6.2.1. By Product Type
  • 6.2.2. By Technology Type
  • 6.2.3. By End User
  • 6.2.4. By Country
  • 7. Europe Medical Oxygen Concentrators Market Overview
  • 7.1. Market Size by Value
  • 7.2. Market Share
  • 7.2.1. By Product Type
  • 7.2.2. By Technology Type
  • 7.2.3. By End User
  • 7.2.4. By Country
  • 8. Asia-Pacific Medical Oxygen Concentrators Market Overview
  • 8.1. Market Size by Value
  • 8.2. Market Share
  • 8.2.1. By Product Type
  • 8.2.2. By Technology Type
  • 8.2.3. By End User
  • 8.2.4. By Country
  • 9. South America Medical Oxygen Concentrators Market Overview
  • 9.1. Market Size by Value
  • 9.2. Market Share
  • 9.2.1. By Product Type
  • 9.2.2. By Technology Type
  • 9.2.3. By End User
  • 9.2.4. By Country
  • 10. Middle East & Africa Medical Oxygen Concentrators Market Overview
  • 10.1. Market Size by Value
  • 10.2. Market Share
  • 10.2.1. By Product Type
  • 10.2.2. By Technology Type
  • 10.2.3. By End User
  • 10.2.4. By Country
  • 11. Market Dynamics
  • 11.1. Key Drivers
  • 11.2. Key Challenges
  • 12. Market Trends and Developments
  • 12.1. XXXXXXXXXXX
  • 12.2. XXXXXXXXXXX
  • 12.3. XXXXXXXXXXX
  • 12.4. XXXXXXXXXXX
  • 13. Company Profiles
  • 13.1. Caire Inc.
  • 13.2. Inogen Inc.
  • 13.3. Invacare Corporation
  • 13.4. Koninklijke Philips N.V.
  • 13.5. Nidek Medical Products Inc.
  • 13.6. O2 Concepts LLC
  • 13.7. Precision Medical, Inc.
  • 13.8. ResMed Inc.
  • 13.9. Teijin Pharma Limited
  • 14. Company Overviews
  • 14.1. Besco Medical Limited
  • 14.2. Drive DeVilbiss Healthcare
  • 14.3. GCE Group
  • 14.4. Medtronic
  • 14.5. Supera Anesthesia Innovations
  • 15. Strategic Recommendations
  • 16. Disclaimer

List of Tables
Table 1: Top 10 Counties Economic Snapshot 2021
Table 2: Economic Snapshot of Other Prominent Countries 2021
Table 3: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 4: Global Medical Oxygen Concentrators Market Share By Product Type (2016, 2021 & 2027F)
Table 5: Global Medical Oxygen Concentrators Market Share By Technology Type (2016, 2021 & 2027F)
Table 6: Global Medical Oxygen Concentrators Market Share By End User (2016, 2021 & 2027F)
Table 7: Global Medical Oxygen Concentrators Market Share by Region (2016, 2021 & 2027F)
Table 8: Global Medical Oxygen Concentrators MarketShare by Country (2016, 2021 & 2027F)
Table 9: Global Medical Oxygen Concentrators Market Share by Company (2021)
Table 10: North America Medical Oxygen Concentrators Market Share By Product Type (2016, 2021 & 2027F)
Table 11: North America Medical Oxygen Concentrators Market Share By Technology Type (2016, 2021 & 2027F)
Table 12: North America Medical Oxygen Concentrators Market Share By End User (2016, 2021 & 2027F)
Table 13: North America Medical Oxygen Concentrators MarketShare by Country (2016, 2021 & 2027F)
Table 14: Europe Medical Oxygen Concentrators Market Share By Product Type (2016, 2021 & 2027F)
Table 15: Europe Medical Oxygen Concentrators Market Share By Technology Type (2016, 2021 & 2027F)
Table 16: Europe Medical Oxygen Concentrators Market Share By End User (2016, 2021 & 2027F)
Table 17: Europe Medical Oxygen Concentrators MarketShare by Country (2016, 2021 & 2027F)
Table 18: Asia-Pacific Medical Oxygen Concentrators Market Share By Product Type (2016, 2021 & 2027F)
Table 19: Asia-Pacific Medical Oxygen Concentrators Market Share By Technology Type (2016, 2021 & 2027F)
Table 20: Asia-Pacific Medical Oxygen Concentrators Market Share By End User (2016, 2021 & 2027F)
Table 21: Asia-Pacific Medical Oxygen Concentrators MarketShare by Country (2016, 2021 & 2027F)
Table 22: South America Medical Oxygen Concentrators Market Share By Product Type (2016, 2021 & 2027F)
Table 23: South America Medical Oxygen Concentrators Market Share By Technology Type (2016, 2021 & 2027F)
Table 24: South America Medical Oxygen Concentrators Market Share By End User (2016, 2021 & 2027F)
Table 25: South America Medical Oxygen Concentrators MarketShare by Country (2016, 2021 & 2027F)
Table 26: Middle East & Africa Medical Oxygen Concentrators Market Share By Product Type (2016, 2021 & 2027F)
Table 27: Middle East & Africa Medical Oxygen Concentrators Market Share By Technology Type (2016, 2021 & 2027F)
Table 28: Middle East & Africa Medical Oxygen Concentrators Market Share By End User (2016, 2021 & 2027F)
Table 29: Middle East & Africa Medical Oxygen Concentrators MarketShare by Country (2016, 2021 & 2027F)
Table 30: Key Facts of Caire Inc.
Table 31: Key Facts of Inogen Inc.
Table 32: Key Facts of Invacare Corporation
Table 33: Key Facts of Koninklijke Philips N.V.
Table 34: Key Facts of Nidek Medical Products, Inc.
Table 35: Key Facts of O2 Concepts LLC
Table 36: Key Facts of Precision Medical, Inc.
Table 37: Key Facts of ResMed Inc.
Table 38: Key Facts of Teijin Pharma Limited

List of Figures
Figure 1: Global Medical Oxygen Concentrators Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 2: North America Medical Oxygen Concentrators Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 3: Europe Medical Oxygen Concentrators Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 4: Asia-Pacific Medical Oxygen Concentrators Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 5: South America Medical Oxygen Concentrators Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 6: Middle East & Africa Medical Oxygen Concentrators Market Size – By Value 2016 to 2027F (In USD Billion)

Feed Phosphate Market Research FAQs

The Global medical oxygen concentrator market is projected to expand with more than 2.5% CAGR during the forecast period.

North America has the largest market share in the region contributing to almost 30% of the total market.

The rising prevalence of COPD along with increase in population of geriatrics is the key driver for the market.

The portable oxygen concentrator product is expected to grow at the highest rate of almost 9%

The homecare segment will occupy around 60% of the market by 2027.
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Global Medical Oxygen Concentrator Market Overview, 2022-27

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