Medical Oxygen Concentrators Market Size By Product (Portable, Fixed), By Application (Home Care, Non-Home Care), By Technology (Pulse Flow, Continuous Flow), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 – 2025

Published Date: Mar 2019  |  Report ID: GMI449  |  Authors: Sumant Ugalmugle

Report Format: PDF   |   Pages: 120   |   Base Year: 2018

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Medical Oxygen Concentrators Market size was valued at USD 1.4 billion in 2018 and is expected to witness 8.0% CAGR from 2019 to 2025.

Medical Oxygen Concentrators Market

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Growing chronic obstructive pulmonary disease (COPD) prevalence coupled with escalating number of cigarette smokers will drive market. Escalating production of smoke and dust in various occupational and industrial sectors will be the major medical oxygen concentrators market growth impacting factors. In addition, surging elderly population that is prone to various respiratory disorders will further stimulate global medical oxygen concentrators business growth.

Increasing need of providing respiratory solution or support to neonatal and elderly patients, suffering from numerous respiratory anomalies will escalate the demand for medical oxygen concentrators. Numerous private and public organizations have implemented programs to monitor, diagnose and provide effective solutions to respiratory disorder patients. For instance, a COPD National Action Plan has been implemented in the U.S. to identify and reduce burden of COPD. Such initiatives will boost medical oxygen concentrators industry size in the coming years.

Rising emphasis on reducing total cost burden of diseases, enhancing patient’s quality of life will upsurge medical oxygen concentrators business value. Growing economic burden of COPD coupled with increase in disease severity, hospital admissions and readmissions constitute significant bulk of cost across all stages of COPD. Hence, measures to reduce cost burden of COPD will boost the market growth.

Stringent regulatory scenario is estimated to hinder medical oxygen concentrators industry growth in coming years.

Medical Oxygen Concentrators Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: 1.4 Billion (USD)
Historical Data for: 2014 to 2018 Forecast Period: 2019 to 2025
Forecast Period 2019 to 2025 CAGR: 8% 2025 Value Projection: 2.6 Billion (USD)
Pages: 120 Tables, Charts & Figures: 160
Geographies covered (14): U.S., Canada, UK, Germany, France, Italy, Spain, Japan, China, India, Brazil, Mexico, South Africa, Saudi Arabia
Segments covered: Product, Application, Technology and Region
Companies covered (10): Chart Industries (AirSep), DeVilbiss Healthcare GmbH (Drive DeVilbiss International), Inogen Inc., Inova Labs Inc. (ResMed), Invacare Corporation, Koninklijke Philips N.V. Philips Healthcare, NIDEK Medical Products, Inc., O2Concepts, Teijin Limited, Yuwell (Jiangsu Yuyue Medical Equipment & Supply Co. Ltd.)
Growth Drivers:
  • Government and private institution initiatives worldwide
  • Globally increasing elderly population base prone to COPD
  • Increased spending on healthcare
  • Growing COPD prevalence worldwide
  • Exposure to dust particles and increasing number of cigarette smokers in U.S. and emerging economies
Pitfalls & Challenges:
  • Stringent regulatory landscape

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Medical Oxygen Concentrators Market, By Product

Portable medical oxygen concentrators product segment held largest market share of over 51.0% in 2018 and is forecasted to grow at robust pace over the coming years. High revenue share is attributable to increasing demand for portable solutions owing to ease of carrying. Technological advancements such as pressure swing adsorption (PSA) and membrane technology further aids in rapid adoption of portable medical oxygen concentrators. Additionally, escalating occurrence of COPD and Federal Aviation Administration (FAA) approved advanced portable oxygen concentrators will boost portable medical oxygen concentrators segment growth over the coming years.

Fixed medical oxygen concentrators product segment is estimated to progress at 5.9% CAGR over the projected timeframe. Benefits of fixed medical oxygen concentrators including ease of use and uninterrupted oxygen flow will be the major factors impacting fixed medical oxygen concentrators segmental growth. Moreover, higher oxygen output and low cost of fixed oxygen concentrators will boost the demand for fixed medical oxygen concentrators over coming years.

Medical Oxygen Concentrators Market, By Application

Home care medical oxygen concentrators application segment accounted for over 64.0% market share in 2018 and will continue to dominate industry in the forecast years. Advantages of home healthcare devices such as providing care specific to individual needs prevents spread of infections and also prevents hospital acquired infections that will highly impact customer preference. Increasing demand and preference of medical oxygen concentrators at home owing to rapid patient recovery rate and along with convenience will stimulate customer buying behaviour and thus impel home care medical oxygen concentrators market growth.

Non-homecare medical oxygen concentrators segment will progress at 5.6% CAGR. Robust growth can be attributed to increasing elderly population suffering from chronic diseases and growing demand by hospitals, nursing homes and elderly care centres. Increasing hospitalizations owing to respiratory disorders will further increase product demand. Moreover, elderly population is prone to numerous chronic disorders such as COPD and requires oxygen concentrator to combat with such situation, that should positively impact non-homecare business growth.

Germany Medical Oxygen Concentrators Market By Application

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Medical Oxygen Concentrators Market, By Technology

Continuous flow medical oxygen concentrators technology segment dominated the global medical oxygen concentrators market with revenue size of USD 764.0 million in 2018. High revenue size can be attributed to growing demand for continuous flow oxygen concentrators in chronic conditions such as, chronic bronchitis, emphysema chronic obstructive pulmonary disease (COPD), and cystic fibrosis. High use of continuous flow oxygen concentrators in emergency situations will further drive medical oxygen concentrators segmental growth over the coming years.

Pulse flow medical oxygen concentrators technology segment will grow at 9.0% CAGR over the projected timeframe owing to rapid advancement in the technology. Technological developments include automatic adjustments according to breathing rate, assistance and adherence to individual requirements with automatic adjustment to the setting. In addition, user-friendly nature of pulse flow medical oxygen concentrators developed by numerous firms will boost pulse flow technology segment growth.

Medical Oxygen Concentrators Market, By Region

U.S. market dominated the North America medical oxygen concentrators market with over 87% revenue share in 2018. Such high market share and growth is attributable to factors such as escalating prevalence of COPD coupled with changing lifestyle habits. Furthermore, growing elderly population and associated chronic conditions that require oxygen concentrators and rising pollution will offer lucrative U.S. medical oxygen concentrators industry growth potential over the coming years.

Germany market is anticipated to grow at 6.8% CAGR over forecast timeframe. Rising COPD prevalence coupled, unhealthy food intake and growing adoption of tobacco consumption and smoking will be the major German market growth driving factors. Smoking upsurges the risk of respiratory diseases that should increase the demand for medical oxygen concentrators in Germany. Moreover, German government has been undertaking several initiatives to reduce pollution levels in the country and promote public health that should aid Germany medical oxygen concentrators industry growth in the forthcoming years.

Asia Pacific Medical Oxygen Concentrators Market By Country

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Competitive Market Share

Some of the prominent industry players engaged in the global medical oxygen concentrators market are Chart Industries (AirSep), Inogen, Invacare, Philips Respironics and NIDEK Medical Products among other market players. Strategic acquisitions and new product launch are the key market growth strategies implemented by business players to strengthen their geographic range and uphold position in industry. For instance, in November 2016, Chart Industries announced launch of New Respiratory Center-of-Excellence in Canton U.S. to manufacture and deliver innovative respiratory products. This will enhance the firm’s BioMedical business growth.

Medical Oxygen Concentrators Industry Background  

The history of medical oxygen concentrators industry can be tracked back to 1970s when such products were developed for homecare application. Homecare medical oxygen concentrators were larger in size in the initial days. Subsequent advancements and development of the product led to introduction of easy-to handle and customer friendly medical oxygen concentrators. Currently, many countries are implementing initiatives to control and reduce the burden of respiratory diseases. However, rising geriatric population as well as increasing consumption of tobacco will expand the demand and development of global medical oxygen concentrators industry in the foreseeable future.

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Premium Report Details

  • Published Date: Mar 2019
  • Pages: 120
  • Tables: 151
  • Charts / Figures: 9
  • Companies covered: 10
  • Countries covered: 14

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