Homecare Oxygen Concentrators Market Size By Product (Portable Home Oxygen Concentrators, Compressed Gas Oxygen Cylinders, Liquid Oxygen), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Mar 2020  |  Report ID: GMI1205  |  Authors: Sumant Ugalmugle, Rupali Swain

Report Format: PDF   |   Pages: 109   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry trends

Homecare Oxygen Concentrators Market size valued at USD 1 Billion and is expected to witness growth of around 8.4% from 2020 to 2026.
 

Increasing geriatric population that is highly vulnerable to suffer from various respiratory and pulmonary disorders will drive the global homecare oxygen concentrators industry revenue. Rising prevalence of pulmonary hypertension, COPD, fibrosis, chronic respiratory and pulmonary disorders will further create the market.
 

Homecare Oxygen Concentrators Market

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Homecare Oxygen Concentrators Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: USD 1.0 Billion
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 8.4% 2026 Value Projection: USD 1.9 Billion
Pages: 109 Tables, Charts & Figures: 85
Geographies covered (19): U.S., Canada, UK, Germany, France, Italy, Spain, Russia, China, India, Japan, Australia, Brazil, South Africa
Segments covered: Product and Region
Companies covered (10): Precision Medical, Inc., Besco Medical Co., Air Water Inc., Yuwell (iangsu Yuyue Medical Equipment and Supply Co., Ltd), Longfian Scitech Co., BOC Healthcare (The Linde Group), Chart Industries, Drive DeVilbiss Healthcare Inc., Inogen Inc., Inova Labs Inc. (ResMed), Invacare Corporation, NIDEK Medical Products, Inc., O2 Concepts, Koninklijke Philips N.V., Teijin Limited
Growth Drivers:
  • Government initiative in U.S. and Europe
  • Increasing elderly base prone to COPD in U.S. and Asia Pacific
  • Increase in spending on healthcare in Asia Pacific
  • Growing COPD prevalence in Europe
  • Exposure to dust particles and increasing number of cigarette smokers in Middle East Asia
Pitfalls & Challenges:
  • Stringent regulatory landscape

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Growing COPD prevalence worldwide will upsurge the market expansion

Growing adoption of unhealthy lifestyle such as excessive smoking has surged the number of COPD patients worldwide. According to the World Health Organization (WHO), in 2016, 251 million patients suffered from COPD globally. Moreover, an estimated 3.17 million deaths worldwide were reported owing to COPD in 2015. Thus, with increasing incidence of chronic obstructive pulmonary disorder (COPD) coupled with rising concern of better disease management, homecare oxygen concentrators market will foresee robust growth during the forecast period.
 

Growing awareness about better treatment alternatives and favourable reimbursement for homecare oxygen concentrators will impel the industry growth. With better healthcare infrastructure, adoption of portable home oxygen concentrators will spur. However, stringent regulations may hinder the market demand.
 

Increasing usage of liquid oxygen homecare oxygen concentrator will provide lucrative growth opportunities in future

Global Homecare Oxygen Concentrator Market By Product

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The product segment is bifurcated into portable home oxygen concentrator, compressed gas oxygen cylinder and liquid oxygen. Portable home oxygen concentrator is further classified into stationary oxygen concentrators and portable oxygen concentrators. High convenience, ease of mobility and growing number of patients with chronic respiratory diseases will impel the market growth.
 

Liquid oxygen product segment held over USD 90 million homecare oxygen concentrators market size in 2019. The importance of liquid oxygen is continuously growing owing to user-friendly and convenient nature of the device.
 

In addition, availability of liquid oxygen in portable form and adoption of long-term oxygen therapy as standard treatment method will increase its preference over others. Moreover, rising awareness among the population regarding advanced disease management methods will bolster the segment growth.
 

Increasing patients with respiratory disorders in Asia Pacific will prove beneficial for the market expansion

Asia Pacific Homecare Oxygen Concentrator Market By Country

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Asia Pacific homecare oxygen concentrators market held around 21% revenue share in 2019. Regional growth is primarily attributed to entry of key players investing into research and development activities. Furthermore, increasing cases of chronic respiratory disorders will boost the Asia Pacific market growth.
 

Presence of major industry players in the China and growing geriatric population will favor the China market expansion. As per the World Health Organization (WHO), chronic obstructive pulmonary diseases affect about 100 million Chinese and causes 11.9% deaths in China. Moreover, various government initiatives to spread awareness about respiratory diseases and adoption of advanced treatment methods in the country will propel the market growth.
 

Prominent industry players are investing in product innovation to sustain the competition

Some of the eminent players operating in the homecare oxygen concentrators market include Koninklijke Philips N.V., Inova Labs Inc. (ResMed), Air Water Inc., BOC Healthcare (The Linde Group), Chart Industries and Teijin among others.
 

Major market players are adopting various growth strategies such as mergers and acquisitions, new product development and government approvals to remain ahead in the competition.
 

Some of the recent industry developments:

  • In January 2018, ResMed announced availability of Mobi, a portable oxygen concentrator across the U.S. Availability of the product enhanced company’s revenue stream by catering to large COPD patient pool in the country
     
  • In November 2017, Teijin Limited signed an exclusive distribution agreement with SRETT for the respiratory remote monitoring device, Teleox - a Bluetooth smart enabled device in Japan. This device is compatible with Hi-Sanso 3S, Hi-Sanso 5S, home oxygen therapy devices by Teijin Pharma.
     

The homecare oxygen concentrators market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026, for the following segments:
 

Market by Product

  • Portable Home Oxygen Concentrators
    • Stationary Oxygen Concentrators
    • Portable Oxygen Concentrators
  • Compressed Gas Oxygen Cylinders
  • Liquid Oxygen

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
  • Latin America
    • Brazil
  • Middle East & Africa
    • South Africa
       

Frequently Asked Questions (FAQ) :

The market size of homecare oxygen concentrators valued at USD 1 Billion in 2019.
The industry share of homecare oxygen concentrators is expected to witness growth of around 8.4% from 2020 to 2026.
Some of the eminent market players include Koninklijke Philips N.V., Inova Labs Inc. (ResMed), Air Water Inc., BOC Healthcare (The Linde Group), Chart Industries and Teijin among others.
According to this research report by GMI, Asia Pacific market held around 21% revenue share in 2019.
The liquid oxygen product segment is continuously growing owing to user-friendly and convenient nature of the device.

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Premium Report Details

  • Published Date: Mar 2020
  • Pages: 109
  • Tables: 76
  • Charts / Figures: 9
  • Companies covered: 10
  • Countries covered: 19

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