Global oxygen concentrator demand is projected to grow at a healthy CAGR of 5.65%. Oxygen concentrators are devices that are used to concentrate oxygen from a gas supply. They selectively remove other gases like nitrogen to supply oxygen rich product gas stream. They are of two type namely portable medical oxygen concentrators, fixed medical oxygen concentrators. Oxygen concentrators have application in both home care and hospital care. Increasing old age population coupled with the prevalence of chronic diseases is expected to drive the demand of oxygen concentrators during the forecast period. Increasing government initiatives for providing more patients with medical oxygen globally is another factor propelling the demand. Additionally, increasing number of COVID-19 cases has also increased the demand for medical oxygen, thus increasing the demand for oxygen concentrators. Increasing usage of tobacco is also an influencing factor supporting demand rise for oxygen concentrators.
In 2020, the spread of COVID-19 in major global economies caused nationwide lockdowns which had an impact on a number of industries. Medical gases were among the most affected industries during the pandemic. This had an impact on the demand of oxygen concentrator for the first half of 2020. The demand for oxygen concentrator grew during the coronavirus pandemic.
Region wise, Asia pacific region holds the major share of global demand for oxygen concentrator due to increasing demand of medical oxygen Moreover, increasing population and per capita income in emerging economies like India and China coupled with growing number of patients using oxygen concentrator is another factor influencing demand growth in the Asia Pacific region.
Years considered for this report:
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
Objective of the Study:
•To assess the demand-supply scenario of oxygen concentrator which covers production, demand and supply of oxygen concentrator market globally.
•To analyse and forecast the market size of oxygen concentrator .
•To classify and forecast global oxygen concentrator market based on technology, end-use and regional distribution.
•To identify drivers and challenges for global oxygen concentrator market.
•To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global oxygen concentrator market.
•To identify and analyse the profile of leading players involved in the manufacturing of oxygen concentrator.
Major players for oxygen concentrator globally include Invacare Corporation , Koninklijke Phillips N.V., Nidek Medical Products, Inogen, ResMed, Supera Anesthesia Innovations, Linde plc, GCE Holding AB, Teijin Ltd., Invacare Corp., ResMed.
To extract data for global oxygen concentrator market, primary research surveys were conducted with oxygen concentrator manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global oxygen concentrator market over the coming years.
ChemAnalyst calculated oxygen concentrator demand globally by analyzing the historical data and demand forecast which was carried out considering imported oxygen concentrator, prices, materials used for production of oxygen concentrator . ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• oxygen concentrator manufacturers and other stakeholders
•Organizations, forums and alliances related to oxygen concentrator distribution
•Government bodies such as regulating authorities and policy makers
•Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as oxygen concentrator manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
In this report, global oxygen concentrator market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, by Application
Homecare, Hospital Care
Market, by Type
Portable Medical Oxygen Concentrators, Fixed Medical Oxygen Concentrators.
Market, by Sales Channel
Direct Company Sale, Direct Import, Distributors & Traders, Retailers
Market, by Region
North America, APAC, Europe, MEA, South America
ChemAnalyst offers detailed analysis of major players including basic company details, Segmental/product information, financial matrices, growth strategies, expansion plans, collaborations, SWOT analysis etc.to give a comprehensive and meaningful insights on the respective product market.
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