PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1357965
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1357965
Oxygen Concentrators Market, By Modality [Portable and Stationary), By Technology, By End User, and By Geography
The global oxygen concentrators market is estimated to be valued at US$ 2.18 Billion in 2023 and is expected to exhibit a CAGR of 9.4% during the forecast period (2023-2030).
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2022 | Market Size in 2023: | US$ 2.18 Bn |
| Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
| Forecast Period 2023 to 2030 CAGR: | 9.40% | 2030 Value Projection: | US$ 4.08 Bn |
Oxygen concentrators are widely used to treat patients with a deficient supply of oxygen or who lack an adequate amount of oxygen in their blood. This device can be operated by being plugged into an energy source or using batteries. Oxygen concentrators are a better alternative to oxygen cylinders, which are heavy to carry everywhere. Oxygen concentrators can either be fixed devices or portable. Therefore, these devices can also be used at home. However, a prescription from a registered physician is required to purchase oxygen concentrators. Patients with severe respiratory disorders (asthma, nocturnal hypoxemia, terminal malignancy, and hypoxia) and cardiovascular diseases are prescribed oxygen concentrators. Moreover, oxygen concentrators are widely used in the military or in cases of disasters where carrying or using oxygen tanks could be risky due to its highly combustible nature.
Market Dynamics
The key players in the market are focused on organic strategies, such as the launch of oxygen concentrators, which is expected to drive growth of the global oxygen concentrators market over the forecast period. For instance, in June 2021, Servotech Power Systems, one of the leading manufacturers of LED lights, solar panels, and UVC disinfection products, announced that by March 2022, it plans to have deployed 100,000 concentrators. Starting at Rs. 35,000, oxygen concentrators are available in two variations: 5 LPM and 10 LPM. In an effort to make their product truly indigenous, Servotech has expanded the scope of its significant partnerships by collaborating with IIT Jammu and IISER Bhopal for knowledge transfer for the production of oxygen concentrators in India. Hospitals, foundations, medical facilities, business institutions, and other key stakeholders in need of the product will get concentrators from Servotech, which is expected to offer opportunities for medical device manufacturers to develop such products.
Key features of the study:
- This report provides an in-depth analysis of the global oxygen concentrators market and provides market size (US$ Billion) and compound annual growth rate (CAGR) for the forecast period (2023-2030), considering 2022 as the base year It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global oxygen concentrators market based on the following parameters- company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include Inogen Inc., Invacare Corporation, OxygenToGo, LLC, Koninklijke Philips N.V., ResMed Inc., Drive DeVilbiss Healthcare LLC, Precision Medical, Inc., Besco Medical Co. Ltd., O2 Concepts, LLC, and GCE Group
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global oxygen concentrators market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global oxygen concentrators market.
Detailed Segmentation:
- Global Oxygen Concentrators Market, By Modality:
- Portable
- Stationary
- Global Oxygen Concentrators Market, By Technology:
- Pulse Flow
- Continuous flow
- Global Oxygen Concentrators Market, By End User:
- Hospital
- Home Care
- Ambulatory Surgical Centers
- Global Oxygen Concentrators Market, By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
- Company Profiles
- Inogen Inc.
- Invacare Corporation
- OxygenToGo, LLC
- Koninklijke Philips N.V.
- ResMed Inc.
- Drive DeVilbiss Healthcare LLC
- Precision Medical, Inc.
- Besco Medical Co. Ltd
- O2 Concepts, LLC
- GCE Group
Table of Contents
1. Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Modality
- Market Snippet, By Technology
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Recent Product Launches
- Epidemiology
- Merger, Acquisition, and Collaborations
- Regulatory Scenario
- Key Developments
- PEST Analysis
4. Global Oxygen Concentrators Market - COVID-19 Impact Analysis
- Economic Impact
- COVID-19 Epidemiology
- Impact on Supply and Demand
5. Global Oxygen Concentrators Market, By Modality, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018-2030
- Segment Trends
- Portable
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2030, (US$ Bn)
- Segment Trends
- Stationary
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2030, (US$ Bn)
- Segment Trends
6. Global Oxygen Concentrators Market, By Technology, 2018 - 2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018-2030
- Segment Trends
- Pulse Flow
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2030, (US$ Bn)
- Segment Trends
- Continuous flow
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2030, (US$ Bn)
- Segment Trends
7. Global Oxygen Concentrators Market, By End User, 2018 - 2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018-2030
- Segment Trends
- Hospital
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2030, (US$ Bn)
- Home Care
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2030, (US$ Bn)
- Ambulatory Surgical Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2030, (US$ Bn)
8. Global Oxygen Concentrators Market, By Region, 2018 - 2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018-2030
- Segment Trends
- North America
- Introduction
- Market Size and Forecast,Y-o-Y Growth and By Modality, 2018 -2030, (US$ Bn)
- Market Size and Forecast, Y-o-Y Growth and By Technology, 2018 -2030, (US$ Bn)
- Market Size and Forecast,Y-o-Y Growth and By End User, 2018-2030, (US$ Bn)
- Market Size and Forecast, By Country, Y-o-Y Growth and By Country, 2018 -2030, (US$ Bn)
- U.S.
- Canada
- Europe
- Introduction
- Market Size and Forecast,Y-o-Y Growth and By Modality, 2018 -2030, (US$ Bn)
- Market Size and Forecast, Y-o-Y Growth and By Technology, 2018 -2030, (US$ Bn)
- Market Size and Forecast,Y-o-Y Growth and By End User, 2018-2030, (US$ Bn)
- Market Size and Forecast, By Country, Y-o-Y Growth and By Country, 2018 -2030, (US$ Bn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast,Y-o-Y Growth and By Modality, 2018 -2030, (US$ Bn)
- Market Size and Forecast, Y-o-Y Growth and By Technology, 2018 -2030, (US$ Bn)
- Market Size and Forecast,Y-o-Y Growth and By End User, 2018-2030, (US$ Bn)
- Market Size and Forecast, By Country, Y-o-Y Growth and By Country, 2018 -2030, (US$ Bn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Introduction
- Market Size and Forecast,Y-o-Y Growth and By Modality, 2018 -2030, (US$ Bn)
- Market Size and Forecast, Y-o-Y Growth and By Technology, 2018 -2030, (US$ Bn)
- Market Size and Forecast,Y-o-Y Growth and By End User, 2018-2030, (US$ Bn)
- Market Size and Forecast, By Country, Y-o-Y Growth and By Country, 2018 -2030, (US$ Bn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East
- Introduction
- Market Size and Forecast,Y-o-Y Growth and By Modality, 2018 -2030, (US$ Bn)
- Market Size and Forecast, Y-o-Y Growth and By Technology, 2018 -2030, (US$ Bn)
- Market Size and Forecast,Y-o-Y Growth and By End User, 2018-2030, (US$ Bn)
- Market Size and Forecast, By Country, Y-o-Y Growth and By Country, 2018 -2030, (US$ Bn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast,Y-o-Y Growth and By Modality, 2018 -2030, (US$ Bn)
- Market Size and Forecast, Y-o-Y Growth and By Technology, 2018 -2030, (US$ Bn)
- Market Size and Forecast,Y-o-Y Growth and By End User, 2018-2030, (US$ Bn)
- Market Size and Forecast, By Country, Y-o-Y Growth and By Country/Region, 2018 -2030, (US$ Bn)
- North Africa
- Central Africa
- South Africa
9. Competitive Landscape
- Company Profiles
- Inogen Inc.*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Strategies
- Invacare Corporation
- OxygenToGo, LLC
- Koninklijke Philips N.V.
- ResMed Inc.
- Drive DeVilbiss Healthcare LLC
- Precision Medical, Inc.
- Besco Medical Co. Ltd
- O2 Concepts, LLC
- GCE Group
10. Section
- References
- Research Methodology
- About us and Sales Contact
