Oxygen Concentrators Market - Forecasts from 2018 to 2023

Global oxygen concentrator market is projected to witness the growth at a CAGR of 11.63% during the forecast period to reach the total market size of US$2355 million by 2023, increasing from US$1217 million in 2017. An oxygen concentrator is also referred to as an oxygen generator is a medical device which is used to provide oxygen to the patients requiring oxygen due to low oxygen levels in their blood. The oxygen concentrator is given to the patient on doctor’s prescription only. The air supply in the concentrators never run out as instead of refilling compressed air the device needs access to power only. The working is similar to that of an air conditioner which takes in air and converts it into a new purified air form available to those needing medical oxygen. Rising continuous improvements in the development of compact and efficient concentrators is fuelling the growth of the global oxygen concentrator market.

North America accounted for a significant market share of global oxygen concentrator market due to the presence of key market players in the region and a well-established healthcare industry. Growing adoption of the unhealthy living conditions of people in many regions is further increasing the demand for oxygen concentrators. The Asia Pacific is anticipated to show the highest growth rate due to the rapidly growing healthcare industry in this region and increasing adoption of the portable medical devices for better patient care at homes.

This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical region. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the oxygen concentrators value chain. Last step involves complete market engineering which includes analysing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the global oxygen concentrators market.

Major industry players profiled as part of the report are Chart Industries, Inc. (AirSep), GCE Group, Koninklijke Philips N.V., Invacare Corporation and Inogen among others.

Segmentation:

The global oxygen concentrators market has been analysed through following segments:

By Type:

• Portable


• Fixed

By Technology:

• Pulse Flow Technology


• Continuous Flow Technology

By End User:

• Hospitals


• Ambulatory Care Centres


• Home Care

By Geography:

• Americas


• North America


• South America


• Europe Middle East and Africa


• Europe


• MEA


• Asia Pacific