Medical Oxygen Concentrators Market Size By Product (Portable Medical Oxygen Concentrators, Fixed Medical Oxygen Concentrators), By Application (Home Care, Non-homecare), By Technology (Continuous Flow, Pulse Flow) Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Aug 2020  |  Report ID: GMI449  |  Authors: Sumant Ugalmugle, Rupali Swain

Report Format: PDF   |   Pages: 120   |   Base Year: 2019

Summary Table of Contents Industry Coverage Methodology

Industry trends

Medical Oxygen Concentrators Market size valued at over USD 1.5 billion in 2019 and is expected to reach USD 5 billion by 2026.

Medical Oxygen Concentrators Market
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High demand for oxygen concentrators in healthcare sector is mainly attributed to infections and chronic diseases affecting the respiratory health of individuals. With recent COVID-19 outbreak globally, the demand for medical oxygen concentrators is set to spur exponentially. Adoption of medical oxygen concentrators will be high, especially in hospitals to manage respiration among critical patients.

According to the World Health Organization (WHO), about 300 million people suffer from asthma worldwide. Thus, to cater to their requirement for effective and timely oxygen therapy, the demand for medical oxygen concentrators will upsurge. Also, several governments are undertaking initiatives to improve the access to disease management. The Chronic Respiratory Disease Awareness Program by the Abu Dhabi Department of Health aims to improve management and early detection rate of asthma. Such awareness initiatives coupled with innovation in devices leading to better customer-suited products will boost the medical oxygen concentrators market revenue. However, stringent regulatory landscape associated with manufacturing and marketing standards of medical oxygen concentrators may limit product approvals of product manufacturers.

Recommendation of oxygen therapy for COVID-19 patients by health authorities will influence the medical oxygen concentrators market demand

Incidence of corona virus infection (SARS-CoV-2) has resulted into millions of hospital admissions globally. Patients with pre-existing asthma, COPD and other lungs disorders are susceptible to COVID-19. It is a respiratory infection affecting lungs that leads to low oxygen saturation level in patients and thus increases the need for oxygen therapy. Thus, the WHO suggests use of oxygen therapy devices including oxygen concentrators in serious/critical patients. With increase in infection prevalence, the requirement for medical oxygen concentrators is also rising. Moreover, large elderly pool that is vulnerable to such diseases will create more demand. Timely supply and better distribution of medical oxygen concentrators will benefit the industry players in market expansion.

Technological advances including miniaturization oxygen concentrators stimulates product adoption

Global Medical Oxygen Concentrators Market

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Portable medical oxygen concentrators market held over 50% revenue share in 2019. Advantages such as ease of use, portability, and reduced weight increase patient preference rate. Advancements in these concentrators providing long battery life, miniaturization and integration of membrane technology will spur its adoption rate in the coming years. Additionally, introduction of novel oxygen concentrators by prominent companies offering portability with enhanced technology will further impact the industry size.

With advantage of timely and effective treatment and reduced hospital visits, home care oxygen concentrators will foresee tremendous growth

Home care medical oxygen concentrators market will expand at -5.8% during the forecast period impelled by rising preference and spending on home healthcare devices in developed and developing countries. Growing elderly population base prone to several cardiopulmonary diseases further impels the demand for homecare medical oxygen concentrators. Cardiopulmonary disorders hinder natural breathing and thus creates need for external oxygen therapy. Also, these devices are convenient and user-friendly for older people, that further boosts customer preference, thereby offering immense market growth opportunities.

Need for continuous oxygen supply in critical care units will foster market growth

Continuous flow medical oxygen concentrators market size was over USD 840 million in 2019. Prevalence of chronic respiratory conditions has led to high number of emergency cases requiring continuous oxygen supply to patients. Increasing use of continuous flow concentrators during critical situations in healthcare facilities will positively impact its market growth.

During emergency patient admissions and operations, there is requirement of continuous oxygen supply to ensure abundant oxygen supply. With increasing demand for medical oxygen concentrators during emergencies including COVID-19 pandemic, especially for critical patients, the segment is predicted to foresee unprecedented growth.

Growing disposable income and geriatric population in the U.S. will boost North America market revenue

North America Medical Oxygen Concentrators Market

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North America medical oxygen concentrators market accounted for USD 650 million revenue size in 2019 on account of growing spending and disposable income of the U.S. population, expanding geriatric population pool, and changing lifestyle. Additionally, occurrence of COVID-19 has affected more than 4 million people in the country and the number of cases is increasing at substantia rate, thereby impacting the supply of medical oxygen concentrators in the country.

According to the Centers for Disease Control and Prevention, approximately 16 million Americans experience breathing issues due to chronic obstructive pulmonary disorder (COPD). Furthermore, about a million people remain undiagnosed in the region. With growing need for better diagnosis as well as management of respiration in COPD-affected population, the market will showcase momentous growth.

Key industry players are resorting to strategic partnerships that will enhance their business expansion

Some of the prominent players operating in the medical oxygen concentrators market include Koninklijke Phillips N.V., NIDEK Medical Products, Inogen, ResMed and Invacare Corporation among other players. These market players are adopting various inorganic growth strategies to increase market share and obtain competitive advantage.

Some of the recent industry developments:

  • In August 2019, Inogen acquired New Aera, Inc., a manufacturer and developer of non-invasive portable ventilators. The company aims to integrate TAV (Tidal Assist Ventilator) technology into its oxygen concentrators to maintain their market position with advanced portfolio.
  • In January 2018, ResMed introduced its branded portable oxygen concentrator, Mobi. The addition of new product will strengthen firm’s market position and offer competitive edge.

The medical 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 Medical Oxygen Concentrators
  • Fixed Medical Oxygen Concentrators

Market, By Application

  • Home care
  • Non-home care

Market, By Technology

  • Pulse flow
  • Continuous flow

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

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


Frequently Asked Questions (FAQ) :

The market size of medical oxygen concentrators valued at over USD 1.5 billion in 2019.
The industry share of medical oxygen concentrators is expected to grow at -5.2% CAGR from 2020 to 2026.
The increasing prevalence of chronic respiratory disorders has raised the demand for these devices, even more since the advent of the pandemic, given that hospitals require these devices to manage respiration issues. The market size will cross USD 5 billion by 2026.
Portable products held 50% market share in 2019 and will depict massive demand owing to their advantages, such as portability, reduced weight, and ease of use leading to more patient preference.
Home care medical oxygen concentrators segment is anticipated to depict -5.8% CAGR through 2026 owing to increased spending on home healthcare devices and rising preference for the same.
Increasing prevalence of chronic respiratory disorders and subsequent requirement for consistent oxygen supply will boost continuous flow oxygen concentrators segment, which was worth USD 840 million in 2019.
These devices will gain massive popularity across North America, owing to rising disposable income, changing lifestyles, and growing elderly populace. North America market was worth USD 650 million in 2019.

Premium Report Details

  • Published Date: Aug 2020
  • Pages: 120
  • Tables: 151
  • Charts / Figures: 24
  • Companies covered: 10
  • Countries covered: 14

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