Oxygen Concentrator Market

The global Oxygen Concentrator market was valued at 12.79 Million USD in 2021 and will grow with a CAGR of 8.9% from 2021 to 2027, based on Research newly published report.
The prime objective of Oxygen Concentrator Market is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, Oxygen Concentrator Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
An oxygen concentrator is a device which concentrates the oxygen from a gas supply (typically ambient air) to supply an oxygen-enriched gas stream. Oxygen concentrators typically use pressure swing adsorption (PSA) technology and are used very widely for oxygen provision in healthcare applications, especially where liquid or pressurized oxygen is too dangerous or inconvenient, such as in homes or in portable clinics. For other purposes there are also concentrators based on membrane technology.The market for oxygen concentrators has undergone significant changes and improvement with the introduction of portable technology. The devices have become lighter, more powerful and affordable, leading to increasing demand in the homecare department. Rising worldwide geriatric population means rise in homecare oxygen treatment. People with respiratory conditions such as chronic obstructive pulmonary disease (COPD), chronic bronchitis and emphysema have benefitted greatly with innovations in oxygen concentrator technology. Some of the new and improved versions of the standard large and bulky devices include AirSep`s LifeStyle Portable Oxygen Concentrator, Inogen One G3, VBOX Trooper, EverGo, Invacare XPO2 and iGo. As the demand for lighter technology by consumers and need for better mobility support for the aged rises, new competitors enter the market, thereby driving innovations. This has resulted in high-quality devices at lower prices. The U.S. accounts for the largest share of the global oxygen concentrator market, followed by Europe, due to growing consumer awareness, rising incidences of COPD and demographic changes. After the Federal Aviation Administration approved the onboard use of certain portable oxygen concentrators, its applications have widened. Among the Asia-Pacific countries, India, China, Australia and Japan have been identified as emerging markets, and Latin American nations such as Brazil and Mexico are expected to register substantial growth.

By Market Verdors:

• Braun and Company
• Air Liquide
• CareFusion
• Chart Industries
• DeVilbiss Healthcare
• Drive Medical
• Respiration Equipment
• Respironics
• Providence Global Medical
• Intersurgical
• Eget Hi-Tech
• Race Medical

By Types:

• Portable
• Fixed

By Applications:

• Home Care
• Non-Home Care

Key Indicators Analysed

• Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market?s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
• Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
• Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
• Opportunities and Drivers: Identifying the Growing Demands and New Technology
• Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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