According To Research Report “Oxygen concentrator market accounted for US$ 1.70 billion in 2020 and is estimated to be US$ 3.97 billion by 2030 and is anticipated to register a CAGR of 8.9%.”
Segmentation:
| By Product | Stationary and Portable |
| By Technology | Continuous flow and Pulse flow |
| By Flow level | 10LPM, 5-10LPM, and 0-5LPM |
The market for medical equipment used to give oxygen to patients with respiratory disorders is referred to as the oxygen concentrator market. Devices called oxygen concentrators draw oxygen from the air around a patient and concentrate it for their use. They are frequently used to treat illnesses like pneumonia, emphysema, and chronic obstructive pulmonary disease (COPD), as well as to hasten the healing process after surgery or other medical treatments.
A growing geriatric population, the prevalence of respiratory disorders, and technological breakthroughs that have made oxygen concentrators more effective and user-friendly have all contributed to the steady growth of the global oxygen concentrator market in recent years. Additionally, the COVID-19 pandemic has had a substantial effect on the market
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COVID-19 impact on Oxygen Concentrator Market:
There were several reports of oxygen shortages during the epidemic, especially in low- and middle-income nations. As a result, there was a rise in the need for oxygen concentrators to supply COVID-19 patients with oxygen. As a result, oxygen concentrator production and sales increased significantly in various regions of the world.
The use of oxygen concentrators has also changed as a result of the epidemic. Prior to the pandemic, hospitals tended to be the primary sites for oxygen concentrator use. However, as the need for oxygen therapy has increased, there has been a trend towards the use of portable oxygen concentrators in residential settings. As more patients need oxygen, this pattern is likely to persist long after the pandemic is over.
Due to a number of variables, the oxygen concentrator market’s future outlook is anticipated to be favorable. Here are some prospective market expansion areas:
Respiratory diseases are becoming more common: As the world’s population ages and air pollution rises in many regions, respiratory diseases are likely to become more common. The need for oxygen concentrators is projected to rise as a result, especially in developing nations where healthcare is scarce.
Technology advancements: As technology develops, an emphasis on enhancing the effectiveness and portability of oxygen concentrators is likely. This might entail the creation of smaller, lighter gadgets that are simpler to use and move.
Key players:
Chart Industries, Inc., Linde Plc, Teijin Ltd., GCE Holding AB, O2 Concepts, Invacare Corp., Inogen, Koninklijke Philips N.V., ResMed, Nidek Medical Products Inc., DeVilbiss Healthcare LLC, and Supera Anesthesia Innovations are a few of the leading companies in the global oxygen concentrator market.
Regional Analysis:
In market research, regional analysis is examining the traits, tendencies, and conduct of a certain market or customer group within a given region. Demographics, the state of the economy, cultural preferences, and legal framework can all be considered here. Businesses may better understand local customer behavior, tastes, and demand for goods and services by studying regional data. This understanding enables them to customise their marketing tactics and raise their level of competition in that region.
Regional Analysis Covered in this report:
- North America (U.S., Canada)
- Europe (UK, France, Germany, Russia, Italy, Rest of Europe)
- Asia Pacific (India, Japan, South Korea, China, Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Middle East & Africa (GCC, Israel, South Africa, Rest of Middle East)
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- FORMAT:PDF
- NO OF PAGES:168
- BASE YEAR: July 2021
- What will the use of oxygen concentrators be in the future?
- Home healthcare: More patients are projected to request treatment in the convenience of their own homes as the trend towards home healthcare intensifies. The need for portable oxygen concentrators that may be used at home is likely to increase as a result.
- Growing prevalence of respiratory diseases: As the world’s population ages and air pollution levels increase, respiratory diseases are projected to become more common. The need for oxygen concentrators is projected to rise as a result, especially in developing nations where healthcare is scarce.
- Which oxygen concentrator is superior, the 5L or the 10L?
- They primarily come in 5L and 10L sizes. While the first can deliver 5 liters of oxygen in a minute, the 10L concentrator can deliver 10 liters. Most portable concentrators have a 5L capacity, so that is the minimum you should be looking for. We will suggest that you select the 10L size.
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