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

The Business Research Company’s oxygen concentrators market report forecasts the oxygen concentrators market size to grow to $4.06 Billion by 2027, with a CAGR (compound annual growth rate) of more than 7%.

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Oxygen Concentrators Market Size Forecast
The global oxygen concentrators market is expected to grow from $2.83 billion in 2022 to $3.01 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The oxygen concentrators market size is expected to grow to $4.06 billion in 2027 at a CAGR of 7.8%.

North America held the largest oxygen concentrators market share.

Key Oxygen Concentrators Market Driver ­– Increase In The Prevalence Of Respiratory Disorders Across The Globe
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.

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Key Oxygen Concentrators Market Trend – Increasingly Investing In Technologies
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.

Oxygen Concentrators Market Segment
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

Oxygen Concentrators Market Major Players and Strategies
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.

In May 2021, OxyGo LLC, a manufacturer of portable oxygen concentrators, acquired LIFE Corporation for an undisclosed amount. Through this acquisition, OxyGo can offer services to compressed gas users, and the company can also expand its oxygen expertise by providing better products and services using LIFE corporation expertise. Life Corporation is an India-based company that manufactures portable emergency oxygen and CPR administration equipment.

The Oxygen Concentrators Global Market Report 2023 covers regional data on oxygen concentrators market size, oxygen concentrators market trends and drivers, opportunities, strategies, and oxygen concentrators market competitor 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.

Oxygen concentrators are devices that separate nitrogen and oxygen from the air in the environment and provide pure oxygen to the patient. These are used for supplying oxygen to patients suffering from respiratory diseases.

View More Reports Related To The Oxygen Concentrators Market –
Oxygen Global Market Report 2023
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