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An oxygen concentrator is a device that concentrates the oxygen from a gas supply by selectively removing nitrogen to supply an oxygen-enriched product gas stream. The device can aid those whose oxygen saturation levels are between 88 and 92 by reducing the burden on the lungs. With the demand for medical oxygen continuing unabated and countries struggling to keep pace with demand, the oxygen concentrator has emerged as a sought-after device. The research report titled Europe Medical Oxygen Concentrators Market Outlook, 2026 categorizes the market to forecast the revenues and analyze the trends in each of the following segments: based on product type (Portable, Stationary, & Oxygen Cylinders), based on technology (Continuous Flow & Pulse Flow), based on end users (Home Care & Non Home Care), based on European countries & major companies.This report comes with 10% free customization, enabling you to add data that meets your specific business needs.
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The European market was valued at USD 0.47 Billion in the year 2015, underpinned by the increasing prevalence of respiratory health issues especially COPD since the last few years. The region followed North America in the total global share, expected to show a gradual decline over the forecasted period. A jump in the number of asthmas, bronchitis, and other respiratory-related diseases, with Corona being a new entrant in the list, is expected to allow the market to grow over a growth rate of 5.3%. Along with lung cancer and pneumonia, COPD is one of the three leading contributors to respiratory mortality in Europe. The top 3 countries- Germany, UK & France, together account for half of the total regional market. The key regional players are Invacare Corporations, Philips Health Care, AirSep Corporation, DeVilbiss Healthcare, Nidek Medical Products, Inc., Inogen, Inc., Inova Labs, Inc., O2 Concepts & others.
With hit and track characteristics of respiratory diseases, there has been an increase in demand for oxygen concentrators in the region. Among the various types of the concentrator, the oxygen cylinder segment led the market, but declining in the share with the portable cylinder segment gaining more popularity. The oxygen cylinder segment held to a market of little less than 50% in 2020. The technological advancements such as membrane technology and pressure swing adsorption used in portable oxygen concentrators will accelerate the product adoption at an anticipated CAGR of 8% over the forecasted period.
Continuous flow concentrators may be simpler to use for some patients as they can provide an easy way to get oxygen throughout the day or night. However, this segment’s growth was restricted to 4%, due to the unavoidable wastage of O2. With new ailments get identified, newer medical therapy are introduced. One such therapy is Oxygen Therapy which applies to several diseases like asthma, respiratory distress syndrome, obstructive sleep apnea, among others. Long-term treatments in patients suffering from chronic lung abnormality are believed to allow a quality life length. The advent of new and improved techniques coupled with enhanced flexibility will impel pulse flow medical oxygen concentrator segment growth in the coming period. By the end of 2026, the segment is expected to cover over a quarter share of the market.
There has been a gradual shoot up in the demand for medical oxygen concentrators not only in hospitals & ambulatory services but also in-home care setup. The medical center care demand for such machines was valued at over 44% of the market in 2020, while the home care demand is to grow beyond a CGAR of 7%, through the forecasted period. There is no doubt that the pandemic has hit the world with a vast amount of population ended up losing their lives at the end. As a result, the market has been witnessing skyrocketing growth since the pandemic has hit upon the world, and the graph is nowhere expected to fully drain in the coming short interval of time.
This report forecasts revenue growth at regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2026. For this study, the publisher has segmented the Europe Medical Oxygen Concentrator Market report based on product, technology, end users, and countries:
CONSIDERED IN THE REPORT
- Geography: Europe
- Base year: 2020
- Historical year: 2015
- Forecasted year: 2026
REGIONS COVERED:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Russia
ASPECTS COVERED IN THE REPORT
- Market Size by Value for the time period (2015-2026F)
- Market Share by Product (Portable Oxygen Concentrator, Stationary Oxygen Concentrator, & Oxygen Cylinders)
- Market Share by Technology (Continuous Flow & Pulse Flow)
- Market Share by End User (Home Care & Non-Home Care)
- Market Share by Country
- Market Share by Company
Table of Contents
1. Executive Summary2. Report Methodology8. Strategic Recommendations9. Disclaimer
3. Global Medical Oxygen Concentrators Market Outlook
4. Europe Medical Oxygen Concentrators Market Outlook
5. Market Dynamics
6. Market Trends and Developments
7. Company Profiles