This report on global oxygen concentrators studies the market in terms of various types and applications. Rising prevalence of pulmonary complications such as asthma, bronchitis, COPD and emphysema. Rampant industrialization and urbanization has resulted in increasing air pollution and particulate matter. Preference for healthier lifestyle and technological advancement in the components of oxygen concentrators help in the market penetration of oxygen concentrators. The restraints of oxygen concentrators market is the maintenance cost is high and huge consumption of electricity.

In line with the scope of the report the various products consists of fixed oxygen concentrators and portable oxygen concentrators. Applications comprises of homecare, hospitals and long term rehabilitation and nursing centers. Market sizing and forecast has been mentioned for the above mentioned segments.

Market size estimation and forecast for the duration of the report 2020-2030 is given for the geography segment.

Competitive landscape has been included in the scope of the report to observe the competition existing in the oxygen concentrators market. Porter’s five forces model helps in understanding the business dynamics of the oxygen concentrators market. Company profiles of major players observed in the global oxygen concentrators market has been included in the scope if the report. The key players in global oxygen concentrators market are AirSep Corporation, Covidien Ltd., DeVilbiss Healthcare, Inogen, Inc., Inova Labs, Inc., Invacare Corporation, Nidek Medical, O2 Concepts, Philips Healthcare, Teijin Ltd and Teleflex Incorporated.

High deliverance capacity of the gas and longer battery power etc. are the recent value addition to the oxygen concentrators over the last few years. Demand for portable oxygen concentrators arises owing to rising public health awareness, lightweight, robustness, easy installation to main air ventilation supply, etc. Additionally portable oxygen concentrators finds huge application in places such as airports, shopping malls, commercial airlines, and offices. Fixed oxygen concentrators possess a strong acumen to hold the market since it provides quick access to the oxygen concentrators as the auxiliaries are prefabricated so handling is easy and is of prime importance in elderly healthcare centers at night when the elderly patients with pulmonary complications are sleeping. The major players in oxygen concentrators market are Invacare Corporation, AirSep Corporation, Covidien Ltd., DeVilbiss Healthcare, Inogen, Inc., Inova Labs, Inc., Nidek Medical, O2 Concepts, Philips Healthcare, Teijin Ltd, Teleflex Incorporated and DeVilbiss Healthcare.

The oxygen concentrators under pressured condition filters the ambient air through the molecular sieves to give air rich in oxygen. Oxygen concentrators serves as better alternative to oxygen tanks due to low maintenance incurred. Additionally technological advancement in the various components of oxygen concentrators such as signal control circuitry for sensors, power management circuitry, and user interface will result into deep market penetration of the oxygen concentrators. Homecare finds demand owing to the increasing number of households addicted to smoking results in the demand for fresh air enriched in oxygen, promotes early patient recovery due to comfort and provides reinforcement care from the patient’s family and caregivers. Long term rehabilitation and nursing centers seeks excellent growth during the duration 2020-2030, in relation to high patient volume in these centers over the past decade, and rise in geriatric population suffering with asthma and COPD diseases requiring long term medical intervention.

North America was observed to be the largest oxygen concentrators market in the base year 2021. According to Center for Disease Control and Prevention survey in 2015 the number of adults diagnosed with chronic bronchitis were 9.5 million and emphysema were 3.5 million. The dominance of North America is mainly attributed to the presence of key drivers such as increasing number of patients suffering with chronic diseases due to unhealthy lifestyle such as cigarette smoking, marijuana addiction, rising air pollution are responsible for the market hold of North America in oxygen concentrators market. European market growth is favored by increasing elderly population suffering with airway tract complications thus resulting in demand for oxygen concentrators. Asia Pacific will capture the market in the forecast duration 2020-2030 due to high consumption of tobacco products and supportive regulatory environment for oxygen concentrators.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Oxygen Concentrators market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Oxygen Concentrators market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Oxygen Concentrators market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Oxygen Concentrators market?
• Which is the largest regional market for Oxygen Concentrators market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Oxygen Concentrators market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Oxygen Concentrators market worldwide?