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Latin America Medical Oxygen Concentrators Market Trends

Report ID: GMI12052
Published Date: Oct 2024
Report Format: PDF

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LATAM Medical Oxygen Concentrators Market Trends

The market is experiencing several market trends that are shaping its growth and development. Factors such as growing demand for portable and lightweight oxygen concentrators, expansion of home healthcare services, and rising adoption of telemedicine and remote monitoring, among other factors are boosting the industry growth.

Further, there is a growing need for portable oxygen concentrators (POCs) in the region, particularly for home and travel use. Lightweight, battery-operated models offer greater mobility, enabling patients to maintain an active lifestyle while managing respiratory conditions. This trend aligns with the region’s increasing demand for user-friendly, flexible healthcare solutions.
Additionally, the countries in LATAM are increasingly fostering local manufacturing capabilities to reduce reliance on imports and address supply shortages. Local production initiatives are improving the availability and affordability of oxygen concentrators, particularly for public health facilities, making respiratory care more accessible across the region, thereby aforementioned factors are expected to drive the market.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The Latin America medical oxygen concentrators industry was valued at USD 100.7 million in 2023 and is expected to grow at a 5.7% CAGR from 2024 to 2032, driven by the increasing prevalence of chronic respiratory conditions.

The portable segment recorded USD 54.8 million in 2023, with growth driven by the emphasis on maintaining mobility and an active lifestyle among patients with chronic respiratory conditions.

The Brazil medical oxygen concentrators market is projected to reach USD 63.7 million by 2032, fueled by the government's commitment to expanding access to healthcare and investments in respiratory care.

Key players in the industry include Drive DeVilbiss Healthcare, GCE Group, Inogen, Jiangsu Yuyue Medical Equipment & Supply, Koninklijke Philips, Nareena Lifesciences, Niterra, Sysmed, and Teijin.