- Portable Oxygen Concentrators
- Stationary Oxygen Concentrators
Medical Oxygen Concentrators Market size was valued at USD 1,834 million in 2022 and is expected to reach USD 3,627.6 million by 2029 poised to grow at a CAGR of 8.9% from 2023-2029. The market growing geriatric population, the incidence of various respiratory disorders and technology advances in oxygen concentrators. Oxygen concentrators are medical equipment that extract oxygen from a gas supply by selectively removing nitrogen, resulting in an oxygen-enriched product gas spurt. Oxygen concentrators are medical devices that selectively remove nitrogen from a gas supply, producing in an oxygen-enriched product gas spurt. Air is circulated through molecular filter beds in oxygen concentrators to concentrate ambient oxygen to therapeutic levels for patient administration. Oxygen concentrators are used by patients who require supplemental oxygen for respiratory ailments such as bronchitis, emphysema, lung cancer, or acute pneumonia. Oxygen concentrators can be used at home or in hospital settings to help users meet their oxygen needs. Because of their ease of use, oxygen concentrators are becoming increasingly popular and in high demand. Moreover, several oxygen concentrators are available with different flow rates such as continuous and pulse flow devices, which are digitally monitored to help in the improved usability in across patient groups in hospital and homecare setups, which are advancing medical oxygen concentrators market revenue growth across the globe. In addition, the research report includes technology advancements; regulatory scenarios, and competition analyses with a vividly illustrated competition dashboard to assess the market competition.
Global Medical Oxygen Concentrators Market Summary
Study Period
2023-29
Base Year
2022
CAGR
8.9%
Largest Market
North America
Fastest Growing Market
Asia Pacific
Medical Oxygen Concentrators Market Dynamics
The growing ageing populations, who are vulnerable to several respiratory diseases, are expected to drive the market revenue growth over the forecast period. For Instance, in 2016, according to World Bank population statistics, population ages 65 and above is estimated to be around 8.5% of total population and projected to grow geriatric population over the forecast period, which in turn affect the market growth positively. Moreover, Chronic Obstructive Pulmonary Disease (COPD) patients are increasingly adopting oxygen concentrators for COPD management; this would drive the market revenue growth. For instance, in 2015, according to WHO, COPD estimated to cause three million deaths globally. In addition, growing consumptions of cigarettes, marijuana, and rising air pollution causing respiratory diseases, this, in turn, propels the adoption of oxygen concentrators across the patient groups.
North-America Got Significant Share
Medical Oxygen Concentrators Market Regional Analysis
North America market leads the global medical oxygen concentrators market and projected to remain dominant over the forecast period owing to favourable reimbursement policies, well-developed homecare services in the region. Asia-pacific medical oxygen concentrators market projected to grow at significant CAGR over the forecast period owing to large patient population and increasing incidence of various respiratory diseases in the region.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- Medical Oxygen Concentrators Market report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Global Medical Oxygen Concentrators Market Segmentation
By Product Type
By Application
- Asthma
- COPD
- Cystic Fibrosis
- Pneumonia
- Other
By Technology
- Pulse Dose Oxygen Concentrators
- Continuous Flow Oxygen Concentrators
By End User
- Hospitals,
- Clinics,
- Ambulatory Surgical Centers (ASC),
- Homecare, and
- Travel Agents
Frequently Asked Questions
The medical oxygen concentrators market size was valued at USD 1,834 million in 2022
The medical oxygen concentrators market key players are: Chart Industries, Inc. (U.S.) Medtronic plc. (U.S) DeVilbiss Healthcare LLC (U.S) GCE Group (Sweden) Inogen (U.S) Invacare Corporation (U.S) Koninklijke Philips N.V. (Netherlands) Linde Healthcare (Germany) Nidek Medical Products, Inc. (U.S) O2 Concepts, LLC (U.S) Oxus America (U.S) Oxygen to Go, LLC (U.S) Teijin Limited (Japan)
The medical oxygen concentrators market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
| 1. Executive Summary |
| 2. Global Medical Oxygen Concentrators Market Introduction |
| 2.1.Global Medical Oxygen Concentrators Market - Taxonomy |
| 2.2.Global Medical Oxygen Concentrators Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.Application |
| 2.2.3.Technology |
| 2.2.4.Region |
| 3. Global Medical Oxygen Concentrators Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID-19 on Market |
| 4. Global Medical Oxygen Concentrators Market Analysis, 2018 - 2022 and Forecast 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Medical Oxygen Concentrators Market By Product Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 5.1. Portable Oxygen Concentrators |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Stationary Oxygen Concentrators |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6. Global Medical Oxygen Concentrators Market By Application, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 6.1. Asthma |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. COPD |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Cystic Fibrosis |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Pneumonia |
| 6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Other |
| 6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7. Global Medical Oxygen Concentrators Market By Technology, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 7.1. Pulse Dose Oxygen Concentrators |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Continuous Flow Oxygen Concentrators |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 8. Global Medical Oxygen Concentrators Market By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9. North America Medical Oxygen Concentrators Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 9.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Portable Oxygen Concentrators |
| 9.1.2.Stationary Oxygen Concentrators |
| 9.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Asthma |
| 9.2.2.COPD |
| 9.2.3.Cystic Fibrosis |
| 9.2.4.Pneumonia |
| 9.2.5.Other |
| 9.3. Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Pulse Dose Oxygen Concentrators |
| 9.3.2.Continuous Flow Oxygen Concentrators |
| 9.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Medical Oxygen Concentrators Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Portable Oxygen Concentrators |
| 10.1.2.Stationary Oxygen Concentrators |
| 10.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Asthma |
| 10.2.2.COPD |
| 10.2.3.Cystic Fibrosis |
| 10.2.4.Pneumonia |
| 10.2.5.Other |
| 10.3. Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Pulse Dose Oxygen Concentrators |
| 10.3.2.Continuous Flow Oxygen Concentrators |
| 10.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 11. Asia Pacific (APAC) Medical Oxygen Concentrators Market,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Portable Oxygen Concentrators |
| 11.1.2.Stationary Oxygen Concentrators |
| 11.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Asthma |
| 11.2.2.COPD |
| 11.2.3.Cystic Fibrosis |
| 11.2.4.Pneumonia |
| 11.2.5.Other |
| 11.3. Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Pulse Dose Oxygen Concentrators |
| 11.3.2.Continuous Flow Oxygen Concentrators |
| 11.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12. Middle East and Africa (MEA) Medical Oxygen Concentrators Market,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Portable Oxygen Concentrators |
| 12.1.2.Stationary Oxygen Concentrators |
| 12.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Asthma |
| 12.2.2.COPD |
| 12.2.3.Cystic Fibrosis |
| 12.2.4.Pneumonia |
| 12.2.5.Other |
| 12.3. Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Pulse Dose Oxygen Concentrators |
| 12.3.2.Continuous Flow Oxygen Concentrators |
| 12.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13. Latin America Medical Oxygen Concentrators Market,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 13.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Portable Oxygen Concentrators |
| 13.1.2.Stationary Oxygen Concentrators |
| 13.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Asthma |
| 13.2.2.COPD |
| 13.2.3.Cystic Fibrosis |
| 13.2.4.Pneumonia |
| 13.2.5.Other |
| 13.3. Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Pulse Dose Oxygen Concentrators |
| 13.3.2.Continuous Flow Oxygen Concentrators |
| 13.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Chart Industries, Inc. (U.S.) |
| 14.2.2.Medtronic plc. (U.S) |
| 14.2.3.DeVilbiss Healthcare LLC (U.S) |
| 14.2.4.GCE Group (Sweden) |
| 14.2.5.Inogen (U.S) |
| 14.2.6.Invacare Corporation (U.S) |
| 14.2.7.Koninklijke Philips N.V. (Netherlands) |
| 14.2.8.Linde Healthcare (Germany) |
| 14.2.9.Nidek Medical Products, Inc. (U.S) |
| 14.2.10.O2 Concepts, LLC (U.S) |
| 14.2.11.Oxus America (U.S) |
| 14.2.12.Oxygen to Go, LLC (U.S) |
| 14.2.13.Teijin Limited (Japan) |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
- Chart Industries, Inc. (U.S.)
- Medtronic plc. (U.S)
- DeVilbiss Healthcare LLC (U.S)
- GCE Group (Sweden)
- Inogen (U.S)
- Invacare Corporation (U.S)
- Koninklijke Philips N.V. (Netherlands)
- Linde Healthcare (Germany)
- Nidek Medical Products, Inc. (U.S)
- O2 Concepts, LLC (U.S)
- Oxus America (U.S)
- Oxygen to Go, LLC (U.S)
- Teijin Limited (Japan)