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The Global Oxygen Concentrators Market stood at USD 2409.36 million in 2020 and is expected to grow at a steady rate of 4.38% during the forecast period. This can be ascribed to the growing prevalence of chronic respiratory disorders and other chronic diseases including COPD, lung cancer, strokes, among others. According to the Global Burden of Disease Study report, there were around 251 million cases of COPD globally in 2016 which have significantly increased the demand for oxygen concentrators. Over the years, COPD has become the fourth largest cause of death across the globe and is projected to become third largest cause of deaths in the coming years, globally. This in turn is expected to fuel the market growth over the next few years also. Additionally, the sudden outbreak and spread of the COVID-19 pandemic across the globe significantly increased the demand for oxygen concentrators. Oxygen concentrators help in providing oxygen support to COVID-19 patients who face breathing issues. The surge in COVID-19 cases drastically increased the demand for oxygen concentrators in 2020. Also, certain countries which are experiencing the second wave of the pandemic spread in 2021 are witnessing significant demand for oxygen concentrators. For instance, India, which experienced the second wave of pandemic spread in the months of April and May 2021, has created huge market and demand for oxygen concentrators. Also, Malaysia, which is going through the second wave of pandemic spread, is having massive demand for oxygen concentrators. Similarly, the demand has drastically increased in the countries present in the South American region. Speak directly to the analyst to clarify any post sales queries you may have.
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The Global Oxygen Concentrators Market is segmented based on type, technology, flow-rate, application, end-user, company, and regional distribution. Based on type, the market can be split into portable oxygen concentrator, and stationary oxygen concentrator. The portable oxygen concentrator segment dominated the market in 2020 with an overall market share of around 79.53%. This can be ascribed to the widespread use of portable oxygen concentrators in hospitals and also for homecare purposes for the treatment of COVID-19 cases. The significant surge in COVID-19 cases led to the colossal demand of portable oxygen concentrators. Advantages such as light-weight, small size, cost-effectiveness, among others associated with portable oxygen concentrators are further strengthening the demand for oxygen concentrators over the next few years. Furthermore, growing demand for portable oxygen sources from intensive care units (ICUs) is expected to foster the market growth over the next few years.
Major companies operating in the Global Oxygen Concentrators Market include Koninklijke Philips N.V., Invacare Corporation, Inogen Inc., NGK Spark Plug Co., Ltd., Linde Healthcare, among others. The players operating in the market are using organic strategies for growth including mergers & acquisitions and are expanding their product portfolio to stay competitive in the market and have an edge over their competitors. For instance, in October 2019, Precision Medical, Inc. launched its new oxygen concentrator “The Live Active Five” which is designed to assist people suffering from respiratory ailments such as COPD. Additionally, leading the evolution of portable oxygen concentrators (POCs) in the market, Inogen has recently added a compact One G5 system to the family of Inogen’s portable and user-friendly oxygen concentrators. The next-gen device features advanced flow settings and extended battery life to accommodate the varying needs of the consumers. While the pioneer company had earlier focused on designing exclusive at-home oxygen concentrators, the latest medical oxygen system is small, lightweight, and convenient enough to be carried everywhere.
Years considered for this report:
- Historical Years: 2016 - 2019
- Base Year: 2020
- Estimated Year: 2021
- Forecast Period: 2022 - 2026
Objective of the Study:
- To analyze the historical growth in the market size of the Global Oxygen Concentrators Market from 2016 to 2020.
- To estimate and forecast the market size of the Global Oxygen Concentrators Market from 2021 to 2026 and growth rate until 2026.
- To classify and forecast the Global Oxygen Concentrators Market based on type, technology, flow-rate, application, end-user, region and company.
- To identify dominant region or segment in the Global Oxygen Concentrators Market.
- To identify drivers and challenges for global oxygen concentrators market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Global Oxygen Concentrators Market.
- To identify and analyze the profile of leading players operating in the Global Oxygen Concentrators Market.
- To identify key sustainable strategies adopted by market players in the Global Oxygen Concentrators Market.
The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of manufacturers, suppliers, and service providers across the country. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the manufactures which could not be identified due to the limitations of secondary research. The publisher analyzed the manufactures, distribution channels and presence of all major players across the country.
The publisher calculated the market size of the Global Oxygen Concentrators Market by using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.
Key Target Audience:
- Manufacturers, end-users, distributors and other stakeholders
- Hospitals & Clinics, Ambulatory Care Centers and others
- Organizations, forums, and alliances related to oxygen concentrators
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as vendors, suppliers, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.
Report Scope:
In this report, the Global Oxygen Concentrators Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Global Oxygen Concentrators Market, By Type:
- Portable
- Stationary
Global Oxygen Concentrators Market, By Technology:
- Continuous Flow
- Pulse Flow
- Continuous/Pulse Flow
Global Oxygen Concentrators Market, By Flow-rate:
- 0-5l/min
- 5-10l/min
- Above 10l/min
Global Oxygen Concentrators Market, By Application:
- COPD
- Lung Cancer
- Pneumonia
- COVID-19
- Others
Global Oxygen Concentrators Market, By End-User:
- Hospitals & Clinics
- Ambulatory Care Centers
- Home Care
- Others
Global Oxygen Concentrators Market, By Region:
- North America
- United States
- Mexico
- Canada
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia-Pacific
- China
- India
- Japan
- Malaysia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- UAE
- Saudi Arabia
- Kuwait
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Oxygen Concentrators Market.
Available Customizations:
With the given market data, the publisher offers customizations according to a company’s specific needs.
Please note: With the Enterprise license, the PDF product is printable and editable and comes with a market data excel sheet.
Frequently Asked Questions about the Global Oxygen Concentrators Market
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Report Attribute | Details |
---|---|
No. of Pages | 111 |
Published | July 2021 |
Forecast Period | 2016 - 2026 |
Estimated Market Value ( USD
| USD 1619.27 Million |
Forecasted Market Value ( USD
| USD 3444.23 Million |
Compound Annual Growth Rate | 7.8% |
Regions Covered | Global |
Table of Contents
1. Product Overview2. Research Methodology3. Impact of COVID-19 on Global Oxygen Concentrators Market5. Executive Summary13. Market Trends & Developments15. Strategic Recommendations16. About the Publisher & Disclaimer
4. Voice of Customer
6. Global Oxygen Concentrators Market Outlook
7. North America Oxygen Concentrators Market Outlook
8. Europe Oxygen Concentrators Market Outlook
9. Asia-Pacific Oxygen Concentrators Market Outlook
10. South America Oxygen Concentrators Market Outlook
11. Middle East and Africa Oxygen Concentrators Market Outlook
12. Market Dynamics
14. Competitive Landscape
List of Figures
Companies Mentioned
A selection of companies mentioned in this report includes:
- Koninklijke Philips NV
- Invacare Corporation
- Teijin Limited
- Precision Medical, Inc
- Drive DeVilbiss Healthcare LLC
- Nidek Medical Products Inc
- Inogen Inc
- NGK Spark Plug Co, Ltd
- GCE Group
- Linde Healthcare