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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.This report comes with 10% free customization, enabling you to add data that meets your specific business needs.
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The publisher 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 region, countries & major companies. High demand for medical oxygen concentrators is mainly attributed to infections and chronic diseases affecting the respiratory health of individuals. The major use of oxygen was prominent with the incline in the respiratory issues caused by increasing pollution in Australia. The market is driven by the increase in COPD illnesses which stands for Chronic Obstructive Pulmonary Disease which directly affects the respiratory system. The rising incidents of Asthma in the population owing to increase in air pollution both in the social and in-home environment is boosting the market ahead. The Oxygen cylinder segment in Australia has the majority of the market share, as it is the traditional means of providing oxygen to the required consumer. But with the recent development of portable oxygen concentrators have shifted the behaviour of the consumer to this segment has provided it with a significant boost in terms of growth rate. This high rate of adoption of portable solutions is due to the reduced weight, longer battery life, miniaturization and integration of membrane technologies in the products.
On the basis of the technology used the market is divided into Continuous flow and pulse flow. The continuous flow system as the name suggests provide with constant flow of oxygen, this type of technology is used for patients who are not able to voluntarily conduct respiration. On the other hand the pulse flow technology is used as a support to patients who have a little problem breathing, this technology adapts to the breathing behaviour of the user and hence is preferred in most of the cases by the consumer. Changing lifestyle of the people in the country along with the higher consumption of tobacco smoking is another factor which will bolster the market in a positive manner. Additionally, the rising advent of oxygen therapy which includes treating the consumer with controlled amount of pure oxygen in order to gain health benefits and counter balance the mal effect of polluted environment will increase the frequency of consumption and provide the market with bigger opportunities and overall growth. The technological advancement in the industry has successfully subsided the side effects like headache, nose bleed and tiredness when using these products. This has decreased the reluctance of consumer for using oxygen concentrators and driven the market towards growth. The Favourable Government policies have supported the market in a positive way but on the other hand the everchanging and stringent rules and regulations for manufacturing have created the need to adopt efficiently and has acted as an obstacle to growth.
The high cost of these products and various maintenance requirements of such products have created a negative impact on the market. along with this the lack of local player and chepear alternative have also contributed to a non-ideal market situation. Some of the requirements of these products like constant electricity source have also obstructed the growth of portable oxygen concentrators in Australia. The high disparity between the demand and supply of these products have caused issues with the aspect of pricing which is not an ideal environment for the consumer of the country.
COVID-19 Impact
The pandemic was a worldwide phenomenon and affected almost all of the industrial verticals across the globe. The Australia medical oxygen concentrator market was no exception. The market was majorly affected in a positive manner as the SarsCovid-19 directly and adversely affected the respiratory system. The need for oxygen drastically increased with the spreading of the virus, so much so that the demand was not being met by the manufacturers. Many new entrants came into the market as they realised the opportunity to fulfil this gap in demand and supply can be lucrative in terms of revenue.Considered in the report
- Geography: Australia
- Base year: 2021
- Historical year: 2016
- Forecasted year: 2027
Aspects covered in the report
- Market Size by Value for the period (2016-2027F)
- 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
- Various drivers and challenges
- On-going trends and developments
- Top profiled companies
- Strategic recommendation
Intended Audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Medical Device industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.Table of Contents
1. Executive Summary3. Australia Macro-Economic Indicators5. Australia Oxygen Concentrator Market Trends10. Strategic Recommendations11. Disclaimer
2. Introduction
4. Australia Oxygen Concentrator Market Product Type Analysis
6. Australia Oxygen Concentrator Market Overview
7. Australia Oxygen Concentrator Market, By Segmentation
8. Australia Oxygen Concentrator Market Opportunity Assessment
9. Competitive Landscape
List of Figures
List of Tables