Global Homecare Oxygen Concentrators Market Size, Share, Growth Analysis, By Product(Portable oxygen concentrators, Fixed oxygen concentrators), By Technology(Continuous flow, Pulse flow)

Description

Global Homecare Oxygen Concentrators Market size was valued at USD 1.61 billion in 2022 and is poised to grow from USD 1.73 billion in 2023 to USD 3.09 billion by 2031, growing at a CAGR of 7.50% during the forecast period (2024-2031).

The market is experiencing a shift towards more compact and lightweight oxygen concentrators, a crucial development for individuals seeking to lead an active lifestyle while requiring on-the-go oxygen therapy. In response to environmental considerations and the demand for economical solutions, there is a rising emphasis on energy-efficient devices, prompting manufacturers to create oxygen concentrators that ensure effective oxygen delivery while minimizing power consumption. Furthermore, the surge in online retail and e-commerce platforms has simplified access to medical equipment, such as homecare oxygen concentrators. This allows patients and caregivers to conveniently research, compare, and purchase these devices online, thereby broadening the market's accessibility.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Homecare Oxygen Concentrators Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Homecare Oxygen Concentrators Market Segmental Analysis

The global homecare oxygen concentrators market is segmented on the basis of Product, Technology, Region. By product, the market is segmented into portable oxygen concentrators, fixed oxygen concentrators. By technology, the market is segmented into continuous flow, pulse flow. By region, the market is segmented into North America, Europe, Latin America, Asia- Pacific, Middle East and Africa.

Drivers of the Global Homecare Oxygen Concentrators Market

The rising preference for home-based care, driven by factors such as convenience, shorter hospital stays, and the current emphasis on avoiding crowded healthcare facilities, has led to an increasing demand for homecare oxygen concentrators among patients and healthcare systems.

Restraints in the Global Homecare Oxygen Concentrators Market

Adhering to prescribed oxygen therapy can pose difficulties for certain patients, as they may encounter challenges such as discomfort, mobility issues, or a reluctance to consistently use medical devices.

Market Trends of the Global Homecare Oxygen Concentrators Market

As the world's population continues to age, there is a growing incidence of respiratory ailments like chronic obstructive pulmonary disease (COPD) and other disorders necessitating oxygen therapy. This surge in respiratory conditions has fostered a heightened need for homecare oxygen concentrators, serving as a practical and economical means to address these health challenges within the comfort of one's home.

Product Code: SQMIG35H2187

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Homecare Oxygen Concentrators Market by Product

Market Overview
Portable oxygen concentrators
Fixed oxygen concentrators

Global Homecare Oxygen Concentrators Market by Technology

Market Overview
Continuous flow
Pulse flow

Global Homecare Oxygen Concentrators Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Inogen, Inc. (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Philips Healthcare (Netherlands)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Invacare Corporation (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
ResMed Inc. (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Drive DeVilbiss Healthcare (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Chart Industries, Inc. (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
GCE Group (Sweden)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Nidek Medical Products, Inc. (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Precision Medical, Inc. (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
O2 Concepts, LLC (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Longfian Scitech Co., Ltd. (China)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
AirSep Corporation (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Medtronic plc (Ireland)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Teijin Limited (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Foshan Keyhub Electronic Industries Co., Ltd. (China)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Besco Medical Co., Ltd. (South Korea)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
CAIRE Inc. (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
GF Health Products, Inc. (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Inova Labs Inc. (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Haiyang Kangyou Medical Instruments Co., Ltd. (China)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Homecare Oxygen Concentrators Market Size, Share, Growth Analysis, By Product(Portable oxygen concentrators, Fixed oxygen concentrators), By Technology(Continuous flow, Pulse flow) - Industry Forecast 2024-2031