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In 2024, the worldwide market for oxygen concentrators will reportedly be worth $2.78 billion, and between 2024 and 2031, it is anticipated to grow at a CAGR of 11.4%.
Factors such as the increasing number of patients of chronic obstructive pulmonary disease (COPD), the aging population, and the worldwide incidence of respiratory disorders are driving the market. Global social segregation policies severely limited healthcare access due to the COVID-19 epidemic, which in turn affected the oxygen concentrator market. The elderly have a much higher prevalence of age-related respiratory diseases such as asthma, COPD, pulmonary fibrosis, pneumonia, and others. Nevertheless, potential respiratory illnesses caused by dirty or contaminated equipment, as well as other side effects including skin irritation, could slow down the market's expansion.
As a result of smoking's long-term effects, many people need oxygen treatment or supplemental oxygen to maintain adequate oxygen levels. This is especially true for chronic obstructive pulmonary disease (COPD), emphysema, and chronic bronchitis. In addition, patients can get a regulated dosage of oxygen through a variety of oxygen delivery methods. Furthermore, therapeutic applications of medical oxygen gas include the administration of oxygen at a level of purity suitable for human use.
In addition, the market is being bolstered by the increasing number of chronic diseases and the global prevalence of COVID-19. Governments around the globe made maximizing the use of medical infrastructure a top priority during the COVID-19 epidemic. To further guarantee a continuous supply to COVID-19 hospitals selected by the local administration, particular emphasis is placed on both the import and local production of medical oxygen gas. As an example, there are 19,172,322 active instances of COVID-19 worldwide as of April 27, 2021, according to Worldometer.
Because of this, there is a growing need for oxygen gas cylinders in many settings, including hospitals, nursing homes, and other medical facilities. Different sizes of oxygen concentrators are available to meet different needs. Patients with chronic health issues can benefit from oxygen gas treatment in hospitals, which increases their energy, improves their sleep, and generally enhances their quality of life. Medical facilities often use oxygen as a treatment for a wide range of severe and chronic disorders. Ambulances often have these clinical oxygen chambers on hand for use in managing emergencies. Patients with various infections, including asthma and others, have a high demand for oxygen concentrators.
Regulatory authority milestones and other organic strategy developments are anticipated to drive the global oxygen concentrators market expansion throughout the forecast period. As an example, Inogen, Inc., a medical technology firm that provides revolutionary respiratory equipment for homecare, stated on January 10, 2024, that it had achieved regulatory milestones in the US and Europe to support its portable oxygen concentrators. In December 2023, Inogen was granted permission to sell and market its portable oxygen concentrators, the Inogen One G4 and the enhanced Inogen One G5, in the European Union (EU) by its notified authority, the British Standards Institution (BSI), in accordance with the European Medical Device Regulation (EU MDR).
The worldwide oxygen concentrators market is anticipated to see expansion due to the rising demand for these devices caused by the increasing prevalence of chronic respiratory disorders. The incidence of chronic respiratory disorders in 2019 was 454.6 billion instances globally, according to statistics published by the Institute of Health Metrics and Evaluation on April 25, 2024. However, between 1990 and 2019, the incidence of chronic respiratory disorders rose by 39.8 percent. Because of this, the oxygen concentrators market is anticipated to experience growth during the projected period.
Throughout the forecast period, the continuous flow category is anticipated to maintain its dominance of the market, as it did in 2020, depending on technology. Reasons for this include an aging population and an uptick in risky behaviors like smoking and heavy alcohol use, both of which are anticipated to drive market expansion. The fixed category was the most lucrative in 2020 and will likely maintain its lead over the next few years. Reason for this is the rise in the prevalence of long-term health problems such heart disease, lung disease, and gastrointestinal illnesses.
Report Coverage
Global Oxygen Concentrators research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Oxygen Concentrators report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Oxygen Concentrators competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Oxygen Concentrators market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Oxygen Concentrators market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Oxygen Concentrators market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
NIDEK MEDICAL PRODUCTS, INC, GCE Group, Supera Anesthesia Innovations, CHART INDUSTRIES, INC., O2 CONCEPTS, Inc., Teijin Limited, INOGEN, INC., INVACARE CORPORATION, DEVILBISS HEALTHCARE, KONINKLIJKE PHILIPS N.V.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Oxygen Concentrators market based on the below-mentioned segments:
Global Oxygen Concentrators Market, By Product
Portable
Fixed
Global Oxygen Concentrators market, By Technology
Pulse Flow
Continuous Flow
Global Oxygen Concentrators Market, By End User
Hospital
Home Healthcare
Ambulatory Surgical Centers & Physician Offices
Global Oxygen Concentrators market, Regional Analysis
Factors such as the increasing number of patients of chronic obstructive pulmonary disease (COPD), the aging population, and the worldwide incidence of respiratory disorders are driving the market. Global social segregation policies severely limited healthcare access due to the COVID-19 epidemic, which in turn affected the oxygen concentrator market. The elderly have a much higher prevalence of age-related respiratory diseases such as asthma, COPD, pulmonary fibrosis, pneumonia, and others. Nevertheless, potential respiratory illnesses caused by dirty or contaminated equipment, as well as other side effects including skin irritation, could slow down the market's expansion.
As a result of smoking's long-term effects, many people need oxygen treatment or supplemental oxygen to maintain adequate oxygen levels. This is especially true for chronic obstructive pulmonary disease (COPD), emphysema, and chronic bronchitis. In addition, patients can get a regulated dosage of oxygen through a variety of oxygen delivery methods. Furthermore, therapeutic applications of medical oxygen gas include the administration of oxygen at a level of purity suitable for human use.
In addition, the market is being bolstered by the increasing number of chronic diseases and the global prevalence of COVID-19. Governments around the globe made maximizing the use of medical infrastructure a top priority during the COVID-19 epidemic. To further guarantee a continuous supply to COVID-19 hospitals selected by the local administration, particular emphasis is placed on both the import and local production of medical oxygen gas. As an example, there are 19,172,322 active instances of COVID-19 worldwide as of April 27, 2021, according to Worldometer.
Because of this, there is a growing need for oxygen gas cylinders in many settings, including hospitals, nursing homes, and other medical facilities. Different sizes of oxygen concentrators are available to meet different needs. Patients with chronic health issues can benefit from oxygen gas treatment in hospitals, which increases their energy, improves their sleep, and generally enhances their quality of life. Medical facilities often use oxygen as a treatment for a wide range of severe and chronic disorders. Ambulances often have these clinical oxygen chambers on hand for use in managing emergencies. Patients with various infections, including asthma and others, have a high demand for oxygen concentrators.
Regulatory authority milestones and other organic strategy developments are anticipated to drive the global oxygen concentrators market expansion throughout the forecast period. As an example, Inogen, Inc., a medical technology firm that provides revolutionary respiratory equipment for homecare, stated on January 10, 2024, that it had achieved regulatory milestones in the US and Europe to support its portable oxygen concentrators. In December 2023, Inogen was granted permission to sell and market its portable oxygen concentrators, the Inogen One G4 and the enhanced Inogen One G5, in the European Union (EU) by its notified authority, the British Standards Institution (BSI), in accordance with the European Medical Device Regulation (EU MDR).
The worldwide oxygen concentrators market is anticipated to see expansion due to the rising demand for these devices caused by the increasing prevalence of chronic respiratory disorders. The incidence of chronic respiratory disorders in 2019 was 454.6 billion instances globally, according to statistics published by the Institute of Health Metrics and Evaluation on April 25, 2024. However, between 1990 and 2019, the incidence of chronic respiratory disorders rose by 39.8 percent. Because of this, the oxygen concentrators market is anticipated to experience growth during the projected period.
Throughout the forecast period, the continuous flow category is anticipated to maintain its dominance of the market, as it did in 2020, depending on technology. Reasons for this include an aging population and an uptick in risky behaviors like smoking and heavy alcohol use, both of which are anticipated to drive market expansion. The fixed category was the most lucrative in 2020 and will likely maintain its lead over the next few years. Reason for this is the rise in the prevalence of long-term health problems such heart disease, lung disease, and gastrointestinal illnesses.
Report Coverage
Global Oxygen Concentrators research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Oxygen Concentrators report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Oxygen Concentrators competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Oxygen Concentrators market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2024 |
| Forecast Period | 2024-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | NIDEK MEDICAL PRODUCTS, INC, GCE Group, Supera Anesthesia Innovations, CHART INDUSTRIES, INC., O2 CONCEPTS, Inc., Teijin Limited, INOGEN, INC., INVACARE CORPORATION, DEVILBISS HEALTHCARE, KONINKLIJKE PHILIPS N.V. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Oxygen Concentrators Market from 2021 to 2031.
- Market Forecast for Oxygen Concentrators Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Oxygen Concentrators competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Oxygen Concentrators
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Oxygen Concentrators market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Oxygen Concentrators market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
NIDEK MEDICAL PRODUCTS, INC, GCE Group, Supera Anesthesia Innovations, CHART INDUSTRIES, INC., O2 CONCEPTS, Inc., Teijin Limited, INOGEN, INC., INVACARE CORPORATION, DEVILBISS HEALTHCARE, KONINKLIJKE PHILIPS N.V.
Primary Target Market
- Market Players of Oxygen Concentrators
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Oxygen Concentrators market based on the below-mentioned segments:
Global Oxygen Concentrators Market, By Product
Portable
Fixed
Global Oxygen Concentrators market, By Technology
Pulse Flow
Continuous Flow
Global Oxygen Concentrators Market, By End User
Hospital
Home Healthcare
Ambulatory Surgical Centers & Physician Offices
Global Oxygen Concentrators market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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