The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Oxygen Concentrators Global Market Report 2023, the oxygen concentrators market is expected to show significant growth in the forecast period.

Key insights from the oxygen concentrators market forecast include:

1. Market Size

The global oxygen concentrators market size grew from $2.83 billion in 2022 to $3.01 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The oxygen concentrators market size is expected to grow to $4.06 billion in 2027 at a CAGR of 7.8%. North America was the largest region in the oxygen concentrators market in 2022

2. Major Driver

The Increase In The Prevalence Of Respiratory Disorders Across The Globe contributes to the growth of the oxygen concentrators market. Globally, asthma and chronic obstructive pulmonary disease (COPD) are the most common chronic respiratory diseases. According to the Forum of International Respiratory Societies (FIRS), 384 million people suffer from COPD, and 3 million people die every year. Therefore, the increase in the prevalence of respiratory disorders is driving the growth of the oxygen concentrators market.

View More On The Oxygen Concentrators Market Report 2023 – https://www.thebusinessresearchcompany.com/report/oxygen-concentrators-global-market-report

3. Key Trend

Companies in the oxygen concentrators market are increasingly investing in technologies such as artificial intelligence and low-cost portable devices to improve the functionality of these oxygen concentrators. There has been a growing demand for portable, low-cost concentrators owing to the pandemic. For instance, in March 2021, a team of researchers at MIT’s Electrochemical Energy Lab (EEL) launched a low-cost portable concentrator that can be adopted in places with limited infrastructure and high demand. The companies such as Servotech Power Systems, an India-based manufacturer of LED lights and solar products is manufacturing the noiseless, lightweight, and portable oxygen concentrator equipment that provides a constant flow of oxygen and can be easily adjusted to meet the needs of the patient.

4. Major Players

Major players in the oxygen concentrators market are Koninklijke Philips N.V., Invacare Corporation, DeVilbiss Healthcare LLC, Nidek Medical, Inogen, O2 Concepts, Teijin Limited, Supera Anesthesia Innovations, GCE Group, CAIRE Inc., Precision Medical Inc., ResMed, Linde, Longfian Scitech, and OxyGo.

5. Top Market Segments

The global oxygen concentrators market is segmented –
1) By Type: Portable, Stationary
2) By Technology: Pulse Dose, Continuous Flow, Other Technologies
3) By Application: Chronic Obstructive Pulmonary Disease (COPD), Lung Cancer, Pneumonia, Other Applications
4) By End User: Hospitals, Home Care, Other End Users

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The Oxygen Concentrators Global Market Report 2023  provides an in-depth analysis on the oxygen concentrators market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the oxygen concentrators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Oxygen Global Market Report 2023
Respiratory Devices And Equipment (Therapeutic And Diagnostic) Global Market Report 2023
Oxygen Flow Meters Global Market Report 2023

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