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The oxygen concentrators market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 7%, as per The Business Research Company’s market report!

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The Oxygen Concentrators Market Size In 2022 And Forecast

The global oxygen concentrators market is expected to grow from $1.92 billion in 2020 to $2.16 billion in 2021 at a compound annual growth rate (CAGR) of 12.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The oxygen concentrators market is expected to reach $2.92 billion in 2025 at a CAGR of 7.8%.

The oxygen concentrators market consists of sales of oxygen concentrators’ devices by entities (organizations, sole traders, and partnerships) which refers to medical devices used for supplying oxygen to patients suffering from respiratory diseases.

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Increase In The Prevalence Of Respiratory Disorders Is Driving The Growth Of The Oxygen Concentrators Market

According to the Forum of International Respiratory Societies (FIRS), 384 million people suffer from COPD and 3 million people die every year. According to the Centers for Disease Control and Prevention’s National Health Interview Survey, in 2019, in the USA, 4.6% of adults had suffered from COPD, emphysema, or chronic bronchitis. Respiratory disorders need the additional flow of oxygen. The oxygen concentrator provides the required oxygen by producing it from the environment. Therefore, the increase in the prevalence of respiratory disorders is driving the growth of the oxygen concentrators market.

Competitive Landscape And The Regional Analysis Of The Oxygen Concentrators Market

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.

Additionally, as per TBRC’s research – North America was the largest region in the oxygen concentrators market in 2021 holding the largest market share

The Oxygen Concentrators Global Market Report 2022  covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. 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. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the oxygen concentrators market.

Increasingly Investing In Technologies – A Key Trend In The Oxygen Concentrators Market

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.

Oxygen Concentrators Market Segmentation By The Business Research Company
1) By Type: Portable, Stationary
2) By Technology: Pulse Dose, Continuous Flow, Others
3) By Application: Chronic Obstructive Pulmonary Disease (COPD), Lung Cancer, Pneumonia, Others
4) By End User: Hospitals, Home Care, Others

Here Are Some Reports Related To The Oxygen Concentrators Market –
Patient Monitoring Devices Global Market Report 2022
Patient Handling Equipment Global Market Report 2022
Oxygen Flow Meters Global Market Report 2022

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