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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Oxygen concentrator is a device that provides oxygen therapy to patients at substantially higher concentrations than that of ambient air and keeps the level of oxygen in their blood stable. There are two types of oxygen concentrators: portable oxygen concentrators and stationary oxygen concentrators.

The global medical oxygen concentrators market is estimated to account for US$ 1,683.3 Mn in terms of value and is expected to reach US$ 3,087.8 Mn by the end of 2027.

Global Medical Oxygen Concentrators Market: Drivers

Increasing prevalence of chronic obstructive pulmonary disease (COPD) is expected to propel growth of the global medical oxygen concentrators market over the forecast period. For instance, according to a report by Global Initiative for Chronic Obstruction Disease’s 2018 report,   COPD is expected to result in 4.5 million global deaths annually by 2030.

Moreover, increasing geriatric population is also expected to aid in growth of the market. For instance, according to the World Health Organization, the geriatric population in Europe is expected to increase from 894 million in 2019 to 910 million in 2020. The number of people aged 85 years and older is projected to rise from 14 million to 19 million by 2020 and to 40 million by 2050.

Statistics:

Portable devices held dominant position in the global medical oxygen concentrators market in 2019, accounting for 64.9% share in terms of value, followed by stationary devices, respectively.

Figure 1. Global Medical Oxygen Concentrators Market Share (%), by Value, by Treatment Type, 2019

Medical Oxygen Concentrators  | Coherent Market Insights

Global Medical Oxygen Concentrators Market: Restraints

High capital cost involved in CO2 capture is expected to limit growth of the global medical oxygen concentrators market. Demand for oxygen is very high and the product or the system is required in large quantities. The manufacturing involves various process cycles including CO2 capture, which incurs very high cost.

Moreover, low acceptance level for non-portable and single user equipment is expected to hinder growth of the market. This can be attributed to the large sizes of the oxygen systems.

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Medical Oxygen Concentrators Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 1,552.1 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 9.1% 2027 Value Projection: US$ 3,087.8 Mn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, Rest of Middle East
  • Africa: South Africa, North Africa, Central Africa
Segments covered:
  • By Modality: Portable, Stationary.
  • By Technology: Pulse flow, Continuous flow.
  • By End User: Hospital, Home Care, Ambulatory Surgical Centers.
Companies covered:

Chart Industries, Inc., Inogen Inc., Invacare Corporation, OxygenToGo, LLC, Koninklijke Philips N.V., ResMed Inc., Drive DeVilbiss Healthcare LLC, Precision Medical, Inc., Besco Medical Co. Ltd., O2 Concepts, LLC, and GCE Group.

Growth Drivers:
  • High prevalence of respiratory diseases
  • Ongoing COVID-19 pandemic
Restraints & Challenges:
  • High costs
  • Low acceptance level for non-portable and single user equipment

Global Medical Oxygen Concentrators Market: Opportunities 

Adoption of medical oxygen concentrators in veterinary anesthesia is expected to offer lucrative growth opportunities for players in the global medical oxygen concentrators market. Use of medical oxygen concentrators in veterinary hospitals has proven to be safe, reliable, and cost effective. Veterinary anesthesia requires continuous supply of oxygen. Hence, both continuous stationary and portable oxygen concentrators represent significant growth potential during the forecast period.

Moreover, regular inspection of medical oxygen concentrators is also expected to offer lucrative growth opportunities for players in the global medical oxygen concentrators market. These inspections should also be conducted by trained personnel. Medical oxygen concentrators should be inspected during each step of construction and a third-party certification should be mandatory.

The global medical oxygen concentrators market was valued at US$ 1,683.3 Mn in 2019 and is forecast to reach a value of US$ 3,087.8 Mn by 2027 at a CAGR of 9.1% between 2020 and 2027.

Figure 2. Global Medical Oxygen Concentrators Market Value (US$ Mn), and Y-o-Y Growth (%), 2019-2027

Medical Oxygen Concentrators  | Coherent Market Insights

Market Trends/Key Takeaways

The emergence of COVID-19 pandemic has led to increasing demand for medical oxygen concentrators. However, increasing number of cases has led to a huge gap in the supply and demand. For instance, globally, as of 3:37 pm CEST, 20 July 2020, there have been 14,538,094 confirmed cases of COVID-19, including 607,358 deaths, reported to World Health Organization.

Increasing prevalence of sleep apnea is expected to offer lucrative growth opportunities for players in the global medical oxygen concentrators market. For instance, according to the study, ‘Estimation of the global prevalence and burden of obstructive sleep apnea: a literature-based analysis’, published in July 2019, 936 million adults aged 30–69 years have mild to severe obstructive sleep apnea and 425 million adults aged 30–69 years have moderate to severe obstructive sleep apnea globally.

Global Medical Oxygen Concentrators Market: Competitive Landscape

Major players operating in the global medical oxygen concentrators market include, Chart Industries, Inc., Inogen Inc., Invacare Corporation, OxygenToGo, LLC, Koninklijke Philips N.V., ResMed Inc., Drive DeVilbiss Healthcare LLC, Precision Medical, Inc., Besco Medical Co. Ltd., O2 Concepts, LLC, and GCE Group.

Global Medical Oxygen Concentrators Market: Key Developments

Major players in the market are focused on adopting partnership strategies to enhance their market share. For instance, in October 2019, OxygenToGo, LLC, a Wyoming, U.S.-based provider of portable oxygen concentrators and services for oxygen-dependent travelers, partnered with Virgin Atlantic to provide portable oxygen concentrators for Virgin Atlantic passengers requiring medical oxygen onboard flights.

Oxygen concentrators are widely used to treat patients with deficient supply of oxygen or who lack adequate amount of oxygen in blood. This device can be operated by being plugged into an energy source or using batteries. Oxygen concentrators are better alternative to oxygen cylinders that are heavy to carry everywhere. Oxygen concentrators can either be fixed devices or portable. Therefore, these devices can also be used at home. However, a prescription from a registered physician is required to purchase on oxygen concentrator. Patients with severe respiratory disorders (asthma, nocturnal hypoxemia, terminal malignancy, and hypoxia) and cardiovascular diseases are prescribed oxygen concentrators. Moreover, oxygen concentrators are widely used in military or in case of disasters where carrying/using oxygen tanks could be risky due to its highly combustible nature.

Restraints of the Global Medical Oxygen Concentrators Market

Major factors hampering the growth of the medical oxygen concentrators market during the forecast period constitutes of low acceptance level for non-portable and single user equipment, and high costs.

Key features of the study:

  • This report provides in-depth analysis of the global medical oxygen concentrators market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018, as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global medical oxygen concentrators market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include Chart Industries, Inc., Inogen Inc., Invacare Corporation, OxygenToGo, LLC, Koninklijke Philips N.V., ResMed Inc., Drive DeVilbiss Healthcare LLC, Precision Medical, Inc., Besco Medical Co. Ltd., O2 Concepts, LLC, and GCE Group.
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global medical oxygen concentrator’s market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the market.

Detailed Segmentation

  • Global Medical Oxygen Concentrators Market, By Modality:
    • Portable
    • Stationary
  • Global Medical Oxygen Concentrators Market, By Technology:
    • Pulse flow
    • Continuous flow
  • Global Medical Oxygen Concentrators Market, By End User:
    • Hospital
    • Home Care
    • Ambulatory Surgical Centers
  • Global Medical Oxygen Concentrators Market, By Geography:
    • North America
      • By Modality
        • Portable
        • Stationary
      • By Technology
        • Pulse flow
        • Continuous flow
      • By End User
        • Hospital
        • Home Care
        • Ambulatory Surgical Centers
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Modality
        • Portable
        • Stationary
      • By Technology
        • Pulse flow
        • Continuous flow
      • By End User
        • Hospital
        • Home Care
        • Ambulatory Surgical Centers
      • By Country:
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Modality
        • Portable
        • Stationary
      • By Technology
        • Pulse flow
        • Continuous flow
      • By End User
        • Hospital
        • Home Care
        • Ambulatory Surgical Centers
      • By Country:
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • By Modality
        • Portable
        • Stationary
      • By Technology
        • Pulse flow
        • Continuous flow
      • By End User
        • Hospital
        • Home Care
        • Ambulatory Surgical Centers
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East:
      • By Modality
        • Portable
        • Stationary
      • By Technology
        • Pulse flow
        • Continuous flow
      • By End User
        • Hospital
        • Home Care
        • Ambulatory Surgical Centers
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Modality
        • Portable
        • Stationary
      • By Technology
        • Pulse flow
        • Continuous flow
      • By End User
        • Hospital
        • Home Care
        • Ambulatory Surgical Centers
      • By Country/Region:
        • Central Africa
        • South Africa
        • North Africa
  • Company Profiles
    • Chart Industries, Inc.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
    • Inogen Inc.
    • Invacare Corporation
    • OxygenToGo, LLC
    • Koninklijke Philips N.V.
    • ResMed Inc.
    • Drive DeVilbiss Healthcare LLC
    • Precision Medical, Inc.
    • Besco Medical Co. Ltd.
    • O2 Concepts, LLC
    • GCE Group

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Modality
      • Market Snippet, By Technology
      • Market Snippet, By End User
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Developments
    • Regulatory Scenario
    • PEST Analysis
    • COVID-19 Impact Analysis
  4. Global Medical Oxygen Concentrators Market, By Modality, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Portable
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
    • Stationary
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
  5. Global Medical Oxygen Concentrators Market, By Technology, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Pulse flow
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Continuous flow
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Global Medical Oxygen Concentrators Market, By End User, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Hospital
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Home Care
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Ambulatory Surgical Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  7. Global Medical Oxygen Concentrators Market, By Regions, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • North America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Europe
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • North Africa
        • Central Africa
        • South Africa
  8. Competitive Landscape
    • Company Profiles
      • Chart Industries, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Inogen Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Invacare Corporation
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • OxygenToGo, LLC
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Koninklijke Philips N.V.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • ResMed Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Drive DeVilbiss Healthcare LLC
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Precision Medical, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Besco Medical Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • O2 Concepts, LLC
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • GCE Group
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 33 market data tables and 24  figures on “Medical Oxygen Concentrators Market – Global forecast to 2027.

Frequently Asked Questions

The global medical oxygen concentrators market was valued at US$ 1,683.3 Mn in 2019 and is forecast to reach a value of US$ 3,087.8 Mn by 2027 at a CAGR of 9.1% between 2020 and 2027.
Major factor driving the growth of global medical oxygen concentrators market during the forecast period include high prevalence of respiratory diseases, and ongoing COVID-19 pandemic.
Major factors hampering the growth of the medical oxygen concentrators market during the forecast period constitutes of low acceptance level for non-portable and single user equipment, and high costs.
Portable devices held dominant position in the global medical oxygen concentrators market in 2019.
North America Medical Oxygen Concentrators market is expected to generate the highest revenue during the forecast period.
Some of the key players operating in the market are Chart Industries, Inc., Inogen Inc., Invacare Corporation, OxygenToGo, LLC, Koninklijke Philips N.V., ResMed Inc., Drive DeVilbiss Healthcare LLC, Precision Medical, Inc., Besco Medical Co. Ltd., O2 Concepts, LLC, and GCE Group.
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