Homecare Oxygen Concentrators Market Analysis

Homecare Oxygen Concentrators Market Analysis

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The market by product is categorized into portable oxygen concentrators and fixed oxygen concentrators. The portable homecare oxygen concentrators segment garnered USD 800 million revenue size in the year 2022.

• The segment growth is highly attributable to its mobile nature, user friendly operations and enhanced efficiency. Further, increasing launches of portable concentrators due to inclination towards mobile devices among patients will positively impact the segment revenue.
   
• Thus, expanding availability of portable home oxygen concentrators in the market such as Ever Flo by Philips, Nuvo lite and Nuvo 10 by NIDEK will strengthen the market growth potential in the upcoming years.
   

The homecare oxygen concentrators market by technology is categorized into continuous flow and pulse flow. Continuous flow segment is estimated to witness 5.8% CAGR during forecasted timeframe.  

• Continuous flow oxygen concentrators allow uninterrupted supply of oxygen at same rate to the patient, thereby increasing requirement of continuous flow among patients with COPD or other severe respiratory conditions which will stimulate the segment demand.
   
• Additionally, several manufacturers of continuous flow homecare oxygen concentrators are adopting advanced technologies to develop new innovative products that will further contribute to the revenue expansion.
   

U.S. homecare oxygen concentrators market accounted for USD 698 million revenue size in 2022 and is predicted to witness substantial market growth over the analysis timeline.

• The U.S. has solidified its position in the market, primarily attributed to the high prevalence rate of COPD and other respiratory diseases in the country. Furthermore, smoking, increased tobacco consumption, and environmental changes are contributing to the growing incidence of such diseases.
   
• Additionally, U.S. advanced healthcare infrastructure, leadership in innovative medical practices, and accessibility to advanced products contribute to its central role in the market.