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Medical Oxygen Concentrators Market Share
- Report ID: GMI449
- Published Date: Dec 2021
- Report Format: PDF
Medical Oxygen Concentrators Market Share
Notable key companies operating in the market are
- DeVilbiss Healthcare GmbH
- Invacare corporation
- Inogen Inc.
- NGK Spark Plug Co. Ltd
- NIDEK Medical Products, Inc.
- Koninklijke Philips N.V.
- O2 Concepts
- Yuwell
- Tenjin Limited
These industry leaders are undertaking several growth strategies such as collaboration, partnership, merger and acquisitions to gain competitive edge and broaden their market presence.
Frequently Asked Questions (FAQ) :
The market size of medical oxygen concentrators was nearly USD 2.5 billion in 2020 and will record a CAGR of more than 3.3% through 2027 due to the alarmingly rising COVID-19 cases and the thriving demand for intensive critical care and oxygen therapy.
Medical oxygen concentrators provide supplementary oxygen for patients affected with chronic obstructive pulmonary disease (COPD) as well as severe chronic hypoxemia and pulmonary edema.
The portable medical oxygen concentrators is set to observe a 5.2% growth rate up to 2027, as they are largely used to tend to various respiratory disorders, like pneumonia, COPD, and lung cancer to offer compact size, portability, and affordability.
The non-homecare application segment was responsible for over 35% of the medical oxygen concentrators market share in 2020 owing to higher adoption for oxygen therapy in critical patient treatment across hospitals.
North America held more than 40% of revenue share in 2020 driven by the expanding elderly population and high prevalence of COPD in the region.
Medical Oxygen Concentrators Market Scope
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