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2021

Oxygen Concentrators Market

Oxygen Concentrators Market Size, Share, Competitive Landscape and Trend Analysis Report by Technology, Product, End User : Global Opportunity Analysis and Industry Forecast, 2021-2030

LS : Medical Devices & Supplies

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Author's: Apoorva Srivastava | Roshan Deshmukh
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The global oxygen concentrators market was valued at $3,300.00 million in 2020, and is estimated to reach $6,063.90 million by 2030, growing at a CAGR of 5.90% from 2021 to 2030. 

Oxygen concentrators are often used by medical care workers for therapeutic and diagnostic purposes. Medical oxygen gas systems, for example, oxygen concentrators and compressed oxygen gas cylinders are considerably utilized in homecare settings, and are normally chosen by old patients who experience challenges in mobility and rely upon a steady oxygen supply.

Oxygen-Concentrators-Market-2021-2030

Some common chronic medical illnesses, such as chronic obstructive pulmonary disease (COPD), emphysema, and chronic bronchitis, which are common long-term effects of smoking, necessitate oxygen treatment or supplemental oxygen to provide adequate oxygen levels. Furthermore, many types of oxygen systems are used to deliver a controlled amount of oxygen to patients. Additionally, medical oxygen gas is high purity oxygen that is created for usage in the human body and is used for clinical therapies.

Furthermore, rising prevalence of COVID-19 cases across the globe and growing cases of chronic diseases are supplementing the market growth. Optimal medical infrastructure utilization became a high priority for governments worldwide during the COVID-19 pandemic. Furthermore, special attention is drawn to both the import and local manufacture of medical oxygen gas to ensure its uninterrupted supply to designated COVID-19 hospitals identified by the local administration. For example; as per Worldometer, as of April 27th, 2021, there are 19,172,322 active cases of COVID-19 across the globe. Thus, oxygen gas cylinders are required for increasing demand from medical clinics, home care settings, and others. Oxygen concentrators are available in various sizes relying on the requirement. In hospitals, oxygen gas treatment is executed on patients for the therapy of chronic health issue to improve energy levels, rest, and superior quality life of patients. Oxygen is generally utilized in medical clinics for the therapy of various intense and chronic diseases. These clinical oxygen chambers are generally utilized in ambulances to manage emergency circumstances. Oxygen concentrators have huge need for patients facing different infections such as asthma and others.

Increase in daily exposure to environmental pollution is driving the market. Additionally, increase in population susceptible to indoor air pollutants as well as increase in population of active smokers is also responsible for propelling the growth of the market. However, high cost of oxygen concentrators and stringent regulatory procedures are hampering the growth of the market. Furthermore, high growth potential in emerging market and increase in geriatric population will create lucrative growth opportunities for the oxygen concentrators market during the forecast period.

Oxygen Concentrators Market
By Technology
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Continuous Flow segment holds the dominant position in 2020 and would continue to maintain the lead over the forecast period.

Oxygen Concentrators Market Segmentation

The global oxygen concentrators market is segmented into technology, product, end user, and region. By technology, the market is categorized into pulse flow and continuous flow. By product, the market is bifurcated into portable and fixed. By end user, it is divided into hospital, home healthcare, and ambulatory surgical centers & physician offices.

Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and the rest of Europe), Asia-Pacific (Japan, China, India, Australia, South Korea, and the rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and the rest of LAMEA).

Oxygen Concentrators Market
By Product
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portable segment is projected as one of the most lucrative segments.

Segment review

Depending on technology, the continuous flow segment dominated the market in 2020, and is expected to continue this trend during the forecast period. This is attributed to the rise in lifestyle habits, such as smoking & consumption of alcohol, and increase in geriatric population, which are expected to boost the market growth. On the basis of product, the fixed segment dominated the market in 2020, and is expected to continue this trend during the forecast period. This is attributed to the increasing instances of chronic diseases such as cardiovascular diseases, respiratory diseases, and gastrointestinal disorders.

North America was the largest shareholder in the global oxygen concentrators market in 2020, owing to rising prevalence of COVID-19 cases and surge in geriatric population in this region followed by Europe.

Oxygen Concentrators Market
By End User
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Ambulatory Surgical Centers & Physician Offices segment holds the dominant position in 2020 and would continue to maintain the lead over the forecast period.

According to the U.S. Centers for Disease Control and Prevention, the U.S. has the need of more than seven billion respirators in the long run to combat a worst-case spread of a severe respiratory outbreak, such as COVID-19, which can be fulfilled by medical devices such as oxygen cylinders. This is the major factor driving the growth of the global oxygen concentrators market in North America. However, Asia-Pacific is anticipated to register the highest CAGR during the forecast period due to rapidly increasing prevalence of chronic diseases, infectious diseases, and cardiovascular diseases as well as surge in need for oxygen cylinders in this region due to higher population, development in health care infrastructure, and rise in number of hospitals equipped with advanced medical facilities that boost the market growth in this region.

Some of the major companies that operate in the global oxygen concentrators market are Koninklijke Philips N.V., Invacare Corporation, DeVilbiss Healthcare LLC, Inogen, Inc., Chart Industries, Inc. (AirSep), Nidek Medical, O2 Concepts, Teijin Limited, Supera Anesthesia Innovations, and GCE Group.

Oxygen Concentrators Market
By Region
2030
North America 
Europe
Asia-Pacific
LAMEA

Asia-Pacific region would exhibit the highest CAGR of 7.90% during 2021-2030

Key Benefits For Stakeholders

  • This report provides an extensive analysis of the current and emerging market trends and dynamics in the global oxygen concentrators market to identify the prevailing opportunities.
  • This study presents the competitive landscape of the global market to predict the competitive environment across regions.
  • Comprehensive analysis of factors that drive and restrict the market growth is provided.
  • Region & country-wise analysis is provided to understand the market trends and dynamics.

Key Market Segments

By Technology 

  • Pulse Flow 
  • Continuous Flow

By Product

  • Portable
  • Fixed

By End User

  • Hospital 
  • Home Healthcare
  • Ambulatory Surgical Centers & Physician Offices

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • South Africa
    • Saudi Arabia
    • Rest of LAMEA

Key Market Players 

  • Koninklijke Philips N.V.
  • Invacare Corporation
  • DeVilbiss Healthcare LLC
  • Inogen, Inc.
  • Chart Industries, Inc. (AirSep)
  • Nidek Medical
  • O2 Concepts
  • Teijin Limited
  • Supera Anesthesia Innovations
  • GCE Group

Oxygen Concentrators Market Report Highlights

Aspects Details
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By TECHNOLOGY
  • Pulse Flow
  • Continuous Flow
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By PRODUCT
  • Portable
  • Fixed
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By END USER
  • Hospital
  • Home Healthcare
  • Ambulatory Surgical Centers & Physician Offices
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
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Key Market Players

CHART INDUSTRIES, INC., O2 CONCEPTS, Inc., GCE Group, DEVILBISS HEALTHCARE, NIDEK MEDICAL PRODUCTS, INC, Supera Anesthesia Innovations, INVACARE CORPORATION, Teijin Limited, INOGEN, INC., KONINKLIJKE PHILIPS N.V.

Analyst Review

The global oxygen concentrators market gained prominence in 2020, and is expected to witness a significant rise in the future. This is attributed to increase in prevalence of chronic diseases, increase in FDA approvals for medical gas equipment, rise in geriatric population, and increase in insistence for home healthcare setting. Furthermore, oxygen concentrators are often required by healthcare personnel for treatment and diagnostic purposes. These are the factors that reinforce the growth of the market. However, high cost of oxygen concentrators is expected to hamper the market growth. Many significant key players across the globe are planning to expand their production capacities and delivery services to meet the rising demand due to the pandemic, which is expected to offer high growth opportunities to the key players. Another key factor expected to surge the demand for these products is rise in prevalence of chronic diseases, infectious diseases, and cardiovascular diseases along with rapid increase in aging population globally. In addition, improvement of healthcare infrastructure in emerging countries further supplements the market growth.

Author Name(s) : Apoorva Srivastava | Roshan Deshmukh
Frequently Asked Questions?

The total market value of Oxygen Concentrators Market is $3,300.00 million in 2020.

The forcast period for Oxygen Concentrators Market is 2021 to 2030

The market value of Oxygen Concentrators Market in 2030 is $6,063.90 million.

The base year is 2020 in Oxygen Concentrators Market

Top companies such as CHART INDUSTRIES INC, DEVILBISS HEALTHCARE LLC, GCE GROUP, INOGEN INC, KONINKLIJKE PHILIPS NV, NIDEK MEDICAL and others held a high market position in 2020. These key players held a high market postion owing to the strong geographical foothold in different regions.

By product, fixed segment is the most influencing segment. The consumption portable segment is expected to grow with a high pace as most people prefer to have such cylinders at home for emergencies, especially in the present pandemic situation.

The major factor that fuels the growth of the global Oxygen Concentrators Market includes daily exposure to environmental pollution, increase in population susceptible to indoor air pollutants, and increase in population of active smokers drive growth of the global oxygen concentrators market. However, stringent regulatory procedures and high cost are expected to hamper the market growth.

Asia-Pacific is anticipated to register highest CAGR during the forecast period, owing to rapidly increasing prevalence of chronic diseases, infectious diseases, and cardiovascular diseases as well as surge in need for oxygen cylinders in this region due to higher population, development in health care infrastructure, and rise in number of hospital equipped with advanced medical facilities.

An oxygen concentrator is a device that concentrates the oxygen from a gas supply (generally ambient air) by selectively removing nitrogen to supply an oxygen-enriched product gas stream. An oxygen concentrator takes in air and removes nitrogen from it, leaving an oxygen enriched gas for use by people requiring medical oxygen due to low oxygen levels in their blood.

pulse flow and continuous flow

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Oxygen Concentrators Market

Global Opportunity Analysis and Industry Forecast, 2021-2030