Oxygen Concentrators Market by Type (Portable, Stationary), Technology, Application (Chronic obstructive pulmonary disease (COPD), Asthma, Respiratory distress), End User (Hospitals & clinics, Home care settings) - Global Forecast to 2027
The global oxygen concentrators market size is projected to reach USD 5,267.5 million by 2027 from USD 3,535.4 million in 2022, at a CAGR of 8.3% during the forecast period. Market is driven by factors such as global prevalence of respiratory diseases, increasing number of cases of COPD, and growing geriatric population. The COVID-19 pandemic had an effect on the market for oxygen concentrators as hospitals and healthcare services were drastically restricted as a result of social segregation policies implemented globally. Asthma, chronic obstructive pulmonary disease (COPD), pulmonary fibrosis, pneumonia, and other age-related respiratory disorders are all much more common in geriatric population. However, the risk of respiratory diseases due to unclean and contaminated equipment and adverse effects such as skin irritation may help in hindering the growth of the market.
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“The continuous flow oxygen concentrators accounted for the largest share in the oxygen concentrators market by technology, during the forecast period”
The oxygen concentrators market is segmented into continuous flow and pulse flow. In 2021, continuous flow oxygen concentrators accounted for the largest market share in oxygen concentrators. The increasing geriatric population and increasing prevalence of respiratory diseases drives the market growth.
“The portable oxygen concentrators accounted for the largest share in the oxygen concentrators market by type , during the forecast period”
The oxygen concentrators market is segmented into portable and stationary. In 2021, portable oxygen concentrators accounted for the largest market share in oxygen concentrators. Portable oxygen concentrators can be easily carried and are helpful for asthma patients. Hence, the increasing prevalence of asthma and adoption of portable oxygen concentrators are expected to help in market grow.
“APAC region accounted for the highest CAGR”
The global oxygen concentrators market is divided into five regions: North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa. According to the regional analysis, the North America region is likely to retain a significant market share in 2021 and the future. The presence of key players, the availability of technologically advanced products, the rising prevalence of respiratory diseases and a well developed healthcare market are the factors supporting the market share.
Asia Pacific, on the other hand, will experience significant growth in the coming years due to increase incidence of respiratory diseases, increase in healthcare expenditure, and rising government initiatives.
To know about the assumptions considered for the study, download the pdf brochure
Competitive Landscape
The oxygen concentrator market is moderately competitive and consists of several major players. The key 5 – 7 major players currently dominate the market. Some of the companies which are currently dominating the market are Koninklijke Philips N.V. (The Netherland); Chart Industries, Inc. (US); Invacare Corporation (US), Inogen Inc. (US), Devilbiss Healthcare (US); O2 Concepts (US); Nidek Medical (India), GCE Group (Sweden), Caire Inc. (US), and Precision Medical (US).
Key Industry Development:
- In June 2022, Carire launched a portable oxygen concentrator in the US, the LifeStyle, dramatically improving the quality of life for oxygen users worldwide.
- In April 2022, ARYA BioMed Corp launched ARYA Portable Oxygen Concentrator in the US. The portable oxygen concentrator from ARYA is incredibly light and has a strong battery-powered system that charges quickly.
The primary interviews conducted for this report can be categorized as follows:
- By Company Type: Tier 1 - 40%, Tier 2 - 30%, and Tier 3 - 30%
- By Designation: C-level - 25%, D-level - 20%, and Others - 55%
- By Region: North America - 50%, Europe - 20%, Asia Pacific - 20%, Latin America – 5% , and the Middle East & Africa – 5%
Lists of Companies Profiled in the Report:
- CHART INDUSTRIES, INC. (AIRSEP)
- KONINKLIJKE PHILIPS N.V.
- INOGEN, INC.
- INVACARE CORPORATION
- DEVILBISS HEALTHCARE LLC.
- NIDEK MEDICAL PRODUCTS, INC.
- GCE GROUP
- SUPERA ANAESTHESIA INNOVATIONS
- O2 CONCEPTS, LLC.
- TEIJIN LIMITED
- OTHER PLAYERS
- DAIKIN INDUSTRIES, LTD.
- YUWELL
- BPL MEDICAL TECHNOLOGIES
- OXYMED
- ELOXY TECHNOLOGY
- EQUINOX
- GVS
- EVOS
- MESSE DUSSELDORF GMBH
- AIR LIQUIDE HEALTHCARE
- INSPIRE SLEEP
- CANADA CPAP SUPPLY
- KALSTEIN
- NOXERIOR S.R.L.
- PURE O2
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Scope of the Report
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Report Metric |
Details |
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Market size available for years |
2021–2027 |
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Base year considered |
2021 |
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Forecast period |
2022–2027 |
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Forecast units |
Value (USD) |
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Segments covered |
Type, technology, application, end user, and region |
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Geographies covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
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Companies covered |
Koninklijke Philips N.V. (The Netherland); Chart Industries, Inc. (US); Invacare Corporation (US), Inogen Inc. (US), Devilbiss Healthcare (US); O2 Concepts (US); Nidek Medical (India), GCE Group (Sweden), Caire Inc. (US), and Precision Medical (US). |
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This report categorizes the oxygen concentrators market into the following segments and subsegments:
By Type
- Portable
- Stationary
By Technology
- Continuous flow
- Pulse flow
By Application
- Chronic obstructive pulmonary disease (copd)
- Asthma
- Respiratory distress
- Others (sleep apnea, interstitial lung disease, interstitial fibrosis, cystic fibrosis of lungs, post-operative care etc.)
By End User
- Hospitals & clinics
- Home care settings
- Ambulatory surgical centers & physician offices
By Region
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe (RoE)
- Asia Pacific
- China
- Japan
- Australia
- India
- Rest of Asia Pacific (RoAPAC)
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
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TABLE OF CONTENTS
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.2.1 CATEGORY-WISE INCLUSIONS AND EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 MARKETS COVERED
1.3.2 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 MARKET SIZE ESTIMATION
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
2.3 KEY INDUSTRY INSIGHTS
2.4 RISK ASSESSMENT
2.5 ASSUMPTIONS FOR THE STUDY
2.6 LIMITATIONS
2.6.1 METHODOLOGY-RELATED LIMITATIONS
2.6.2 SCOPE-RELATED LIMITATIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.2 RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.4 CHALLENGES
5.3 COVID-19 ECONOMIC ASSESSMENT
5.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES (YC-YCC) IN OXYGEN CONCENTRATORS MARKET
5.5 AVERAGE SELLING PRICE TREND
5.6 ECOSYSTEM/MARKET MAP
5.7 PATENT ANALYSIS
5.8 VALUE CHAIN ANALYSIS
5.9 TECHNOLOGY ANALYSIS
5.10 CASE STUDY ANALYSIS
5.11 TARIFF AND REGULATORY LANDSCAPE
5.11.1 REGULATORY BODIES, GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS
5.11.2 NORTH AMERICA
5.11.3 EUROPE
5.11.4 ASIA PACIFIC
5.12 ADJACENT MARKET ANALYSIS
5.13 KEY CONFERENCES & EVENTS IN 2022-2023
5.14 PORTER’S FIVE FORCES ANALYSIS
5.14.1 THREAT FROM NEW ENTRANTS
5.14.2 THREAT FROM SUBSTITUTES
5.14.3 BARGAINING POWER OF SUPPLIERS
5.14.4 BARGAINING POWER OF BUYERS
5.14.5 INTENSITY OF COMPETITIVE RIVALRY
5.15 KEY STAKEHOLDERS & BUYING CRITERIA
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.15.2 BUYING CRITERIA
6 OXYGEN CONCENTRATORS MARKET, BY TYPE (USD MILLION; 2020-2027)
6.1 INTRODUCTION
6.2 PORTABLE
6.3 STATIONARY
7 OXYGEN CONCENTRATORS MARKET, BY TECHNOLOGY (USD MILLION; 2020-2027)
7.1 INTRODUCTION
7.2 CONTINUOUS FLOW
7.3 PULSE FLOW
8 OXYGEN CONCENTRATORS MARKET, BY APPLICATION (USD MILLION; 2020-2027)
8.1 INTRODUCTION
8.2 CHRONIC OBSTRUCTIVE PULMONARY DISEASE (COPD)
8.3 ASTHMA
8.4 RESPIRATORY DISTRESS
8.5 OTHERS (SLEEP APNEA, INTERSTITIAL LUNG DISEASE, INTERSTITIAL FIBROSIS, CYSTIC FIBROSIS OF LUNGS, POST-OPERATIVE CARE ETC.)
9 OXYGEN CONCENTRATORS MARKET, BY END USER (USD MILLION; 2020-2027)
9.1 HOSPITALS & CLINICS
9.2 HOME CARE SETTINGS
9.3 AMBULATORY SURGICAL CENTERS & PHYSICIAN OFFICES
10 OXYGEN CONCENTRATORS MARKET, BY REGION (USD MILLION; 2020-2027)
10.1 INTRODUCTION
10.2 NORTH AMERICA
10.2.1 US
10.2.2 CANADA
10.3 EUROPE
10.3.1 GERMANY
10.3.2 FRANCE
10.3.3 UK
10.3.4 ITALY
10.3.5 SPAIN
10.3.6 REST OF EUROPE (ROE)
10.4 ASIA PACIFIC
10.4.1 JAPAN
10.4.2 CHINA
10.4.3 AUSTRALIA
10.4.4 INDIA
10.4.5 REST OF APAC (ROAPAC)
10.5 LATIN AMERICA
10.5.1 BRAZIL
10.5.2 MEXICO
10.5.3 REST OF LATIN AMERICA
10.6 MIDDLE EAST & AFRICA
11 COMPETITIVE LANDSCAPE
11.1 INTRODUCTION
11.2 RIGHT TO WIN/OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN THE OXYGEN CONCENTRATORS MARKET
11.3 REVENUE SHARE ANALYSIS
11.3.1 REVENUE ANALYSIS FOR KEY PLAYERS IN THE OXYGEN CONCENTRATORS MARKET
11.4 MARKET SHARE ANALYSIS OF KEY PLAYERS IN OXYGEN CONCENTRATORS MARKET
11.5 COMPANY EVALUATION QUADRANT
11.5.1 STARS
11.5.2 PERVASIVE PLAYERS
11.5.3 EMERGING LEADERS
11.5.4 PARTICIPANTS
11.6 COMPETITIVE BENCHMARKING
11.6.1 COMPANY PRODUCT FOOTPRINT
11.6.2 COMPANY TECHNOLOGY FOOTPRINT
11.6.3 COMPANY APPLICATION FOOTPRINT
11.6.4 COMPANY END USER FOOTPRINT
11.7 COMPETITIVE SITUATIONS AND TRENDS
11.7.1 PRODUCT/SERVICE LAUNCHES & APPROVALS
11.7.2 DEALS
12 COMPANY PROFILES
(Business Overview, Financial Information, Products Offered, Recent Developments and MnM View) *
12.1 KEY PLAYERS
12.1.1 CHART INDUSTRIES, INC. (AIRSEP)
12.1.2 KONINKLIJKE PHILIPS N.V.
12.1.3 INOGEN, INC.
12.1.4 INVACARE CORPORATION
12.1.5 DEVILBISS HEALTHCARE LLC.
12.1.6 NIDEK MEDICAL PRODUCTS, INC.
12.1.7 GCE GROUP
12.1.8 SUPERA ANAESTHESIA INNOVATIONS
12.1.9 O2 CONCEPTS, LLC.
12.1.10 TEIJIN LIMITED
12.2 OTHER PLAYERS
12.2.1 DAIKIN INDUSTRIES, LTD.
12.2.2 YUWELL
12.2.3 BPL MEDICAL TECHNOLOGIES
12.2.4 OXYMED
12.2.5 ELOXY TECHNOLOGY
12.2.6 EQUINOX
12.2.7 GVS
12.2.8 EVOS
12.2.9 MESSE DUSSELDORF GMBH
12.2.10 AIR LIQUIDE HEALTHCARE
12.2.11 INSPIRE SLEEP
12.2.12 CANADA CPAP SUPPLY
12.2.13 KALSTEIN
12.2.14 NOXERIOR S.R.L.
12.2.15 PURE O2
* Financial Information and MnM View would be provided for public listed companies only.
*List of companies provided above is tentative, it may change during the course of study.
13 APPENDIX
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.3 AVAILABLE CUSTOMIZATIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
Note:
This ToC is tentative, and the segmentation given may change slightly depending on research findings.
Under the company profiles section Key 25 companies in the overall global market will be profiled. Details on business overview, products and services, financials, strategy & development might not be captured in case of unlisted companies.
Years considered for the study would be Historical year – 2020, Base Year – 2021, Estimated Year – 2022, Forecast Period – 2022 to 2027
The market tables would include value data in USD for the years 2020, 2021, 2022, and forecasted value for 2027 along with CAGR for the period 2022-2027
The market information will be provided in terms of value (USD million) only.
This study involved four major activities in estimating the current size of the oxygen concentrators market. Exhaustive secondary research was carried out to collect information on the market, its peer markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation procedures were used to estimate segments and subsegments' market size.
Secondary Research
In the secondary research process, various secondary sources such as annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold-standard & silver-standard websites, regulatory bodies, and databases (such as D&B Hoovers, Bloomberg Business, and Factiva) were referred to identify and collect information for this study.
Primary Research
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. Primary sources were mainly industry experts from the core and related industries and preferred suppliers, manufacturers, distributors, technology developers, researchers, and organizations related to all segments of this industry’s value chain. In-depth interviews were conducted with various primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, to obtain and verify the critical qualitative and quantitative information as well as assess future prospects.
The following is a breakdown of the primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the oxygen concentrators market's total size. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry have been identified through extensive secondary research
- The revenues generated by leading players operating in the oxygen concentrators market have been determined through primary and secondary research
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Global Oxygen concentrators Market Size: Top-Down Approach
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Data Triangulation
After arriving at the overall market size applying the process mentioned above, the total market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Report Objectives
- To define, describe, segment, and forecast the global oxygen concentrators market by type, technology, application, end user, and region.
- To provide detailed information regarding the major factors influencing the market growth (such as drivers, restraints, opportunities, and challenges)
- To analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
- To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
- To forecast the size of the market segments with respect to five regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa
- To profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies2
- To track and analyze company developments such as acquisitions, product launches and approvals, expansions, and other developments in the oxygen concentrators market.
- To benchmark players within the market using the proprietary "Competitive Leadership Mapping" framework, which analyzes market players on various parameters within the broad categories of business and product strategy.
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players
Geographic Analysis
- Further breakdown of the Rest of Asia Pacific oxygen concentrators market into Australia, New Zealand, and other countries.
- Further breakdown of the Rest of Europe oxygen concentrators market into Sweden, Poland, Switzerland, and other countries.
- Further breakdown of the Rest of Latin America oxygen concentrators market into Argentina, Chile, Peru, and other countries.
Company profiles
Company profiles of 20 players operating in the oxygen concentrators market.
Growth opportunities and latent adjacency in Oxygen Concentrators Market