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Homecare Oxygen Concentrators Market Size

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

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Homecare Oxygen Concentrators Market Size

Homecare Oxygen Concentrators Market size was valued at USD 1.7 billion in 2022 and is estimated to account for USD 2.8 billion by 2032. Homecare oxygen concentrators are medical devices designed for delivering supplementary oxygen to patients with breathing complications outside the healthcare facilities. Rising government initiatives in developed and developing economies is expected to influence the market growth potential.

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For instance, the Department of Health in UAE launched chronic respiratory disease awareness program to enhance early detection rate, disease management and provide quality treatment for respiratory diseases across the country. Such awareness programs provide knowledge about advanced therapies and equipment that are being used in the disease treatment.

Homecare Oxygen Concentrators Market Report Attributes
Report Attribute	Details
Base Year:	2022
Homecare Oxygen Concentrators Market Size in 2022:	USD 1.7 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	6%
2032 Value Projection:	USD 2.8 Billion
Historical Data for:	2018 to 2022
No. of Pages:	100
Tables, Charts & Figures:	144
Segments covered:	Product, Technology, and Region
Growth Drivers:	Increasing government initiatives in developed and developing countries Rising prevalence rate of COPD Increasing healthcare spending in the Asia Pacific Exposure to dust particles and increasing number of cigarette smokers in developing as well as underdeveloped regions
Pitfalls & Challenges:	Stringent regulatory scenario

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Moreover, user friendly nature and convenience associated with the use of advanced oxygen concentrators in personal use will propel the market development. Increasing healthcare spending, improving accessibility of homecare oxygen concentrators in developing countries and favorable policies will further proliferate the industry growth potential in the forthcoming years.

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).