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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.
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.
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 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.
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.