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North America Oxygen Concentrators Market Size, Share & Trends Analysis Report by Product (Portable, Fixed), Application, Technology (Continuous Flow, Pulse Flow), Country, and Segment Forecasts, 2024-2030

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    Report

  • 100 Pages
  • June 2024
  • Region: North America
  • Grand View Research
  • ID: 5351641
The North America oxygen concentrators market size is anticipated to reach USD 1.9 billion by 2030 and is projected to grow at a CAGR of 5.4% from 2024 to 2030. The market's growth is driven by various factors, such as advanced product offerings, expanding business operations, increasing respiratory disease incidence, and a rising preference for home-based oxygen therapy. For instance, in May 2022, Sanrai International's collaboration with Drive DeVilbiss resulted in the launch of the 1060AW 10L Stationary Oxygen Concentrator, highlighting the industry's commitment to innovation. Moreover, the market is poised to benefit from the growing demand for portable oxygen concentrators, which have seen a significant increase in adoption. From 2015 to 2021, the U.S. market witnessed a rise in portable oxygen concentrator penetration from 8% to 22%, as per U.S. Medicare claims data. This trend is expected to drive market growth in the forecast period.

The COVID-19 pandemic had a limited positive impact on the regional market. Due to the surge in hospitalizations, medical facilities faced challenges in providing respiratory support to critically ill patients due to the limited availability of ventilators. As a result, the demand for oxygen concentrators as an alternative solution increased.

The government initiatives to raise patient awareness have contributed to market growth. For instance, in June 2021, the U.S. government, through the U.S. Agency for International Development (USAID), donated 50 oxygen concentrators to Haiti to combat the COVID-19 pandemic. This contribution aligns with broader initiatives to enhance the medical infrastructure and provide advanced technology and oxygen equipment to support healthcare in Haiti.

Notable players in the industry, such as Inogen are implementing strategic initiatives to expand their product offerings and reach. These initiatives include acquisitions, collaborations, expansions, and new product launches. For instance, Inogen announced in a press release in January 2023 that the company received clearance from the U.S.FDA for their new portable oxygen concentrator, Rove 4, on December 9, 2022. This advancement would further solidify Inogen's position in portable oxygen concentrators market.

North America Oxygen Concentrators Market Report Highlights

  • The portable medical oxygen concentrators (POCs) segment led the market with the largest revenue share of 54.8% in 2023. This dominance is owing to the large number of benefits associated with POCs
  • Based on application, the home care segment led the market with the largest revenue share of 66.7% in 2023. The key factors responsible for the dominance are the increasing demand for home healthcare therapies and changing patients’ preferences for comfortable and convenient therapy
  • Based on technology, the continuous flow technology segment led the market with the largest revenue share of 61.6% in 2023, owing to rapid technological advancements and the rising number of patients suffering from respiratory disorders

Why should you buy this report?

  • Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
  • Competitive Landscape: Explore the market presence of key players worldwide.
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

This report addresses:

  • Market intelligence to enable effective decision-making
  • Market estimates and forecasts from 2018 to 2030
  • Growth opportunities and trend analyses
  • Segment and regional revenue forecasts for market assessment
  • Competition strategy and market share analysis
  • Product innovation listing for you to stay ahead of the curve
  • COVID-19's impact and how to sustain in these fast-evolving markets


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Table of Contents

Chapter 1. Research Methodology And Scope
1.1 Market Segmentation And Scope
1.2 Research Methodology
1.2.1 Information Procurement
1.3 Information or Data Analysis
1.4 Objectives
1.4.1 Objective - 1
1.4.2 Objective - 2
1.4.3 Objective - 3
1.5 Market Formulation & Validation
1.5.1 Country Market: CAGR Calculation
1.6 Country Based Segment Share Calculation
1.7 Research Methodology
1.7.1 Global Market Estimation
1.7.1.1 Approach-1: Commodity Flow Analysis
1.7.1.2 Approach-2: Volume Price Analysis
1.7.2 Segment Level Market Estimation
1.7.3 U.S. Specific Research Methodology
1.8 List of Data Sources
Chapter 2. Executive Summary
2.1 North America Oxygen Concentrators Market Snapshot
2.2 North America Oxygen Concentrators Market Segment Snapshot
2.3 North America Oxygen Concentrators Market Competitive Landscape Snapshot
Chapter 3. North America North America Oxygen Concentrators Market Variables, Trends & Scope
3.1 North America Oxygen Concentrators Market Lineage Outlook
3.1.1 Parent Market Outlook
3.1.2 Ancillary Market Outlook
3.2 North America Oxygen Concentrators Market Dynamics
3.2.1 Drivers
3.2.1.1 Rising Prevalence of Respiratory Diseases
3.2.1.2 Launch of New Generation Products and Increasing Business Expansion
3.2.1.3 Rise In Demand For Portable and Homecare Oxygen Concentrators
3.2.1.4 Growing Preference For Home-Based Oxygen Therapy
3.2.2 Restraints
3.2.2.1 High Cost Associated With Oxygen Concentrators
3.2.3 Industry Challenges
3.2.4 Industry Opportunities
3.3 North America Oxygen Concentrators Market Analysis Tools: PORTER’S
3.3.1 Bargaining Power of Suppliers: Low
3.3.2 Bargaining Power of Buyers: High
3.3.3 Threat of Substitutes: High
3.3.4 Threat of New Entrants: High
3.3.5 Industry Rivalry: High
3.4 PESTEL Analysis
3.4.1 Political & Legal
3.4.2 Economic
3.4.3 Social
3.4.4 Technological
3.4.5 Environmental
3.5 Regulatory Framework and Reimbursement Scenario
3.5.1 North America
3.5.2.1 U.S.
3.5.2.2 Canada
3.5.2 Rest of The World (Europe, Asia Pacific, Latin America, MEA)
3.6 COVID-19 Impact Analysis
3.6.1 Impact Analysis During The Covid Period
3.6.2 Future Impact Analysis
3.6.3 COVID-19 Impact on Notable Market Players
3.6.3.1 Philips
3.6.3.2 React Health (Respiratory Product Line From Invacare Corporation)
3.6.3.3 Inogen, Inc.
3.7 Estimated Prevalence of Key Conditions, By Country (2018 To 2030)
3.7.1 COPD
3.7.2. Cardiovascular Disease
3.7.3. Interstitial Lung Disease
3.8 Disease States Impacting Long-Term Oxygen Therapy, By Country
3.8.1 Chronic Obstructive Pulmonary Disease (COPD)
3.8.2. Cystic Fibrosis
3.8.3. Lung Cancer
3.8.4. Pneumonia
3.8.5. Sleep Apnea
3.8.6. Pulmonary Fibrosis
Chapter 4. North America Oxygen Concentrator Market: Product Estimates & Trend Analysis, 2018-2030
4.1 Product Movement Analysis, 2018-2030 (USD Million)
4.2 North America Oxygen Concentrators Market Share Analysis, 2023 & 2030
4.3 Fixed Medical Oxygen Concentrators
4.3.1 North America Fixed Medical Oxygen Cylinder Market Estimates and Forecasts, 2018-2030 (USD Million)
4.4 Portable Medical Oxygen Concentrators
4.4.1 North America Portable Medical North America Oxygen Concentrators Market Estimates and Forecasts, 2018-2030 (USD Million)
Chapter 5. North America Oxygen Concentrator Market: Application Estimates & Trend Analysis, 2018-2030
5.1 Application Movement Analysis, 2018-2030 (USD Million)
5.2 North America Oxygen Concentrators Market Share Analysis, 2023 & 2030
5.3 Homecare
5.3.1 North America Homecare Market Estimates and Forecasts, 2018-2030 (USD Million)
5.4 Non-Homecare
5.4.1 North America Non-Home Healthcare Market Estimates and Forecasts, 2018-2030 (USD Million)
Chapter 6. North America Oxygen Concentrator Market: Technology Estimates & Trend Analysis, 2018-2030
6.1 Technology Movement Analysis, 2018-2030 (USD Million)
6.2 North America Oxygen Concentrators Market Share Analysis, 2023 & 2030
6.3 Continuous Flow
6.3.1 North America Continuous Flow Market Estimates and Forecasts, 2018-2030 (USD Million)
6.4 Pulse Flow
6.4.1 North America Pulse Flow Market Estimates and Forecasts, 2018-2030 (USD Million)
Chapter 7. North America Oxygen Concentrator Market: Regional Estimates & Trend Analysis By Product, By Application, and By Technology
7.1 North America Oxygen Concentrators Market Share, By Region, 2023 & 2030, USD Million
7.2 North America
7.2.1 North America North America Oxygen Concentrators Market Estimates and Forecasts, 2018-2030 (USD Million)
7.2.3 U.S.
7.2.3.1 Country Dynamics
7.2.3.2 U.S. North America Oxygen Concentrators Market Estimates and Forecasts, 2018-2030 (USD Million)
7.2.4 Canada
7.2.4.1 Country Dynamics
7.2.4.2 Canada North America Oxygen Concentrators Market Estimates and Forecasts, 2018-2030 (USD Million)
Chapter 8. North America Oxygen Concentrator Market: Competitive Analysis
8.1 Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
8.2 Company Market Position And Share Analysis
8.2.1 Estimated U.S. Specific Company Market Share Analysis, 2023
8.3 Company Profiles
8.3.1 Inogen, Inc.
8.3.1.1 Company Overview
8.3.1.2 Financial Performance
8.3.1.3 Product Benchmarking
8.3.2 Respironics (A Subsidiary Of Koninklijke Philips N.V.) {Effective From January 25, 2024, Philips Respironics Halted The Sale Of Their Pocs, With End of Service Scheduled For January 25, 2029.}
8.3.2.1 Company Overview
8.3.2.2 Financial Performance
8.3.2.3 Product Benchmarking
8.3.3 React Health (Respiratory Product Line From Invacare Corporation)
8.3.3.1 Company Overview
8.3.3.2 Financial Performance
8.3.3.3 Product Benchmarking
8.3.4 Caire Medical (Acquired By Niterra Co., Ltd. Formerly Known As NGK SPARK PLUG CO.,LTD.)
8.3.4.1 Company Overview
8.3.4.2 Financial Performance
8.3.4.3 Product Benchmarking
8.3.5 Devilbiss Healthcare (A Subsidiary Of Drive Medical)
8.3.5.1 Company Overview
8.3.5.2 Financial Performance
8.3.5.3 Product Benchmarking
8.3.6 GCE
8.3.6.1 Company Overview
8.3.6.2 Financial Performance
8.3.6.3 Product Benchmarking
8.3.7 Nidek Medical Products, Inc
8.3.7.1 Company Overview
8.3.7.2 Financial Performance
8.3.7.3 Product Benchmarking
8.3.8 O2 Concepts
8.3.8.1 Company Overview
8.3.8.2 Financial Performance
8.3.8.3 Product Benchmarking
8.3.9 Rhythm Healthcare
8.3.9.1 Company Overview
8.3.9.2 Financial Performance
8.3.9.3 Product Benchmarking
8.3.10 Medacure Inc.
8.3.10.1 Company Overview
8.3.10.2 Financial Performance
8.3.10.3 Product Benchmarking
8.3.11 GF Health Products, Inc.
8.3.11.1 Company Overview
8.3.11.2 Financial Performance
8.3.11.3 Product Benchmarking
8.3.12 Direct Supply
8.3.12.1 Company Overview
8.3.12.2 Financial Performance
8.3.12.3 Product Benchmarking
8.3.13 Compass Health Brands
8.3.13.1 Company Overview
8.3.13.2 Financial Performance
8.3.13.3 Product Benchmarking
8.4 Strategy Mapping
8.4.1 New Product Launch
8.4.2 Mergers & Acquisitions
8.4.3 Collaborations
8.4.4 Partnerships
8.4.5 Expansion
8.4.6 Research & Development
8.4.7 Others
8.5. Exit Strategies of Existing Market Players and Their Impact on Market Competitors
8.5.1. Invacare Corporation
8.5.2. Koninklijke Philips N.V.
8.6 Analyst Perspective
8.7 Few Reviewed And Referenced Notable Sources Links
List of Tables
Table 1 List of Secondary Sources
Table 2 List of Abbreviations
Table 3 COPD estimated prevalence
Table 4 Interstitial lung disease estimated prevalence
Table 5 Key companies involved in M&As
Table 6 Key companies undergoing collaborations and partnerships
Table 7 Key companies undertaking other strategies
Table 8 North America Oxygen Concentrators Market, 2018-2030 (USD Million)
Table 9 North America Oxygen Concentrators Market, By Product, 2018-2030 (USD Million)
Table 10 North America Oxygen Concentrators Market, By Application, 2018-2030 (USD Million)
Table 11 North America Oxygen Concentrators Market, By Technology, 2018-2030 (USD Million)
Table 12 U.S. Oxygen Concentrators Market, By Product, 2018-2030 (USD Million)
Table 13 U.S. Oxygen Concentrators Market, By Application, 2018-2030 (USD Million)
Table 14 U.S. Oxygen Concentrators Market, By Technology, 2018-2030 (USD Million)
Table 15 Canada Oxygen Concentrators Market, By Product, 2018-2030 (USD Million)
Table 16 Canada Oxygen Concentrators Market, By Application, 2018-2030 (USD Million)
Table 17 Canada Oxygen Concentrators Market, By Technology, 2018-2030 (USD Million)
List of Figures
Figure 1 North America North America Oxygen Concentrators Market segmentation
Figure 2 Market research process
Figure 3 Information procurement
Figure 4 Primary research pattern
Figure 5 Market research approaches
Figure 6 Value chain-based sizing & forecasting
Figure 7 QFD modelling for market share assessment
Figure 8 Market formulation & validation
Figure 9 U.S. specific research methodology (Part 1)
Figure 10 U.S. specific research methodology (Part 2)
Figure 11 U.S. specific research methodology (Part 3)
Figure 12 U.S. specific research methodology (Part 4)
Figure 13 U.S. specific research methodology (Part 5)
Figure 14 U.S. specific research methodology (Part 6)
Figure 15 North America Oxygen Concentrators Market snapshot
Figure 16 Oxygen concentrators Segment Snapshot
Figure 17 Oxygen concentrators Segment Snapshot (continued)
Figure 18 North America Oxygen Concentrators Market competitive landscape snapshot
Figure 19 Market research process
Figure 20 Oxygen concentrators market: Parent market outlook (2023)
Figure 21 Market research process
Figure 22 Market driver analysis (Current & future impact)
Figure 23 Market restraints analysis (Current & future impact)
Figure 24 List of 24 notable U.S. FAA-approved POCs, 2021
Figure 25 North America Oxygen concentrators market: Product movement analysis, 2018-2030 (USD Million)
Figure 26 North America North America Oxygen Concentrators Market share analysis, 2023 & 2030
Figure 27 North America Fixed medical oxygen concentrators market, 2018-2030 (USD Million)
Figure 28 North America Portable medical oxygen concentrators market, 2018-2030 (USD Million)
Figure 29 North America Oxygen concentrators market: Application movement analysis, 2018-2030 (USD Million)
Figure 30 North America North America Oxygen Concentrators Market share analysis, 2023 & 2030
Figure 31 North America Homecare market, 2018-2030 (USD Million)
Figure 32 North America Non-home healthcare market, 2018-2030 (USD Million)
Figure 33 North America Oxygen concentrators market: Application movement analysis, 2018-2030 (USD Million)
Figure 34 North America North America Oxygen Concentrators Market share analysis, 2023 & 2030
Figure 35 North America Continuous flow market, 2018-2030 (USD Million)
Figure 36 North America Pulse flow market, 2018-2030 (USD Million)
Figure 37 North America marketplace: Key takeaways
Figure 38 North America Oxygen concentrators market: Regional outlook, 2023 & 2030, USD Million
Figure 39 North America oxygen concentrators market, 2018-2030 (USD Million)
Figure 40 US oxygen concentrators market, 2018-2030 (USD Million)
Figure 41 Canada oxygen concentrators market, 2018-2030 (USD Million)
Figure 42 Heat map analysis

Companies Mentioned

  • Inogen, Inc.
  • Respironics
  • React Health (Respiratory Product Line From Invacare Corporation)
  • Caire Medical (Acquired By Niterra Co., Ltd. Formerly Known As NGK SPARK PLUG CO.,LTD.)
  • Devilbiss Healthcare (A Subsidiary Of Drive Medical)
  • GCE
  • Nidek Medical Products, Inc
  • O2 Concepts
  • Rhythm Healthcare
  • Medacure Inc.
  • GF Health Products, Inc.
  • Direct Supply
  • Compass Health Brands

Methodology

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Table Information