Authors:
Monali Tayade, Jignesh Rawal
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Medical Oxygen Concentrators Market Size & Share 2021 to 2027
Report ID: GMI449
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Published Date: December 2021
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Medical Oxygen Concentrators Market Size
Medical Oxygen Concentrators Market size exceeded USD 2.5 billion in 2020 and is expected to grow at a CAGR of over 3.3% between 2021 and 2027.
Sudden surge in COVID-19 cases has boosted the demand for medical oxygen concentrators. The COVID-19 is a contagious infection precipitated by severe acute respiratory syndrome. Amid pandemic, the critically ill patients suffering from acute respiratory syndrome accounted for nearly 15-26% of the total cases. Thus, increasing demand for intensive critical care coupled with large patient pool requiring oxygen therapy will accelerate the market growth.
In COVID-19, oxygen therapy was the core of the disease management. It can also support patients for days to weeks and is thereby widely used to treat infectious diseases. Furthermore, numerous key industry players and several government bodies in the world have ramped up their oxygen concentrators manufacturing to meet the patient demand.
Medical Oxygen Concentrators Market Analysis
Rising government initiatives to regulate and manage respiratory disorders will foster the market expansion. Moreover, favourable reimbursement scenario for medical oxygen concentrators in several developing nations will impel the market value.
The COVID-19 pandemic has positively impacted the sales of medical oxygen concentrators. The sudden upsurge in product demand is owing to the large patient base suffering from acute respiratory syndrome.
Portable medical oxygen concentrators market is anticipated to witness 5.2% growth rate through 2027 led by the compact size, portability, and affordability to the customer. The continuous developments in technologies such as continuous flow and pulse flow in portable oxygen concentrators will positively impact the adoption rate. Further, the patients suffering from several respiratory disorders including pneumonia, COPD and lung cancer are inclining towards portable devices. This will enhance the product demand in home care settings. Moreover, several companies are involved in development of innovative and easy to use portable devices for patients that will strengthen the industry expansion potential.
Non-homecare segment held more than 35% of the market share in 2020 impelled by the rising usage of medical oxygen concentrators for oxygen therapy during critical patient treatment in hospitals. Additionally, increasing preference towards adoption of highly efficient and effective medical equipment in healthcare facilities will showcase considerable growth opportunities to the segment.
Incidence of COVID-19 pandemic has further propelled the oxygen concentrators demand in specialty COVID-centers and hospitals as the patients suffering from low oxygen levels. In addition, portable medical oxygen concentrators delivering services through mobile platforms during pandemic has boosted the product demand.
Continuous flow segment crossed USD 1.2 billion in 2020. Owing to increasing prevalence rate of chronic respiratory diseases with rising consumption of tobacco and smoking in several countries will benefit the product demand. The rise in acceptance of continuous flow concentrators for critical care in healthcare facilities will augment the segment growth. Numerous manufacturers are adopting advanced technologies in new product development that will also fuel the segment expansion potential.
North America medical oxygen concentrators market captured 40% of revenue share in 2020 on account of the surge in number of baby boomers and high prevalence of COPD. Additionally, high tobacco consumption, smoking, and environmental changes are further contributing to the increasing incidence of respiratory diseases.
Medical Oxygen Concentrators Market Share
Notable key companies operating in the market are
These industry leaders are undertaking several growth strategies such as collaboration, partnership, merger and acquisitions to gain competitive edge and broaden their market presence.
The market research report of medical oxygen concentrators includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2027 for the following segments:
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Market, By Product
Market, By Application
Market, By Technology
The above information is provided for the following regions and countries:
Table of Contents
Chapter 1 Methodology
Chapter 2 Executive Summary
Chapter 3 Medical Oxygen Concentrators Industry Insights
Chapter 4 Medical Oxygen Concentrators Market, By Product
Chapter 5 Medical Oxygen Concentrators Market, By Application
Chapter 6 Medical Oxygen Concentrators Market, By Technology
Chapter 7 Medical Oxygen Concentrators Market, By Region
Chapter 8 Company Profiles
Don't see your key competitors?
The companies listed in this report are a curated selection - not the full competitive universe.
Our market revenue calculations use a bottom-up methodology that accounts for all players across all regions - including manufacturers, distributors, and specialists not individually profiled. The profiles section spotlights strategically significant players; it does not define the scope of our market sizing.
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Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.
Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
Trade publications
Security & defense sector journals and trade press
Industry databases
Proprietary and third-party market databases
Regulatory filings
Government procurement records and policy documents
Academic research
University studies and specialist institution reports
Company reports
Annual reports, investor presentations, and filings
Expert interviews
C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 30+ industry verticals
Trade data
Import/export volumes, HS codes, and customs records
Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →