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Homecare Oxygen Concentrators Market Share

Report ID: GMI1205
Published Date: Oct 2023
Report Format: PDF

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Homecare Oxygen Concentrators Market Share

The homecare oxygen concentrators industry is consolidated, with major players such as Koninklijke Philips N.V., Precision Medical, and others dominating the market. These companies are focused on continuous product innovation to secure a significant market share. For instance, in October 2019, Precision Medical launched the Live Active Five portable oxygen concentrator. This product was developed to assist patients suffering from COPD and other chronic respiratory illnesses. Thus, such product launches enable the company to expand and build a larger customer base.

Some of the eminent market participants operating in the homecare oxygen concentrators industry include:

Precision Medical, Inc
Besco Medical Co
Air Water Inc
Yuwell (iangsu Yuyue Medical Equipment and Supply Co., Ltd.)
Longfian Scitech Co
BOC Healthcare (The Linde Group)
Chart Industries
Drive DeVibiss Healthcare Inc
Innogen Inc
Inova Labs Inc. (ResMed)
NIDEK Medical Products, Inc.
O2 Concepts
Koninklijke Philips N.V.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Homecare oxygen concentrators industry size was USD 1.7 billion in 2022 and is estimated to reach USD 2.8 billion by 2032 due to higher adoption for delivering supplementary oxygen to patients with breathing complications outside the healthcare facilities.

Demand for portable homecare oxygen concentrators reached USD 800 million in 2022 attributable their advantages, such as mobile nature, user friendly operations and enhanced efficiency.

U.S. homecare oxygen concentrators industry size was USD 698 million in 2022 and is predicted to witness substantial growth through 2032 owing to the high prevalence rate of COPD and other respiratory diseases in the country.

Some of the leading homecare oxygen concentrator companies are Precision Medical, Inc, Besco Medical Co, Air Water Inc, BOC Healthcare (The Linde Group), Chart Industries, Drive DeVibiss Healthcare Inc, Innogen Inc, and Inova Labs Inc. (ResMed).