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Medical Oxygen Concentrators Market Share

Report ID: GMI449
Published Date: Dec 2021
Report Format: PDF

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Medical Oxygen Concentrators Market Share

Notable key companies operating in the market are

DeVilbiss Healthcare GmbH
Invacare corporation
Inogen Inc.
NGK Spark Plug Co. Ltd
NIDEK Medical Products, Inc.
Koninklijke Philips N.V.
O2 Concepts
Yuwell
Tenjin Limited

These industry leaders are undertaking several growth strategies such as collaboration, partnership, merger and acquisitions to gain competitive edge and broaden their market presence.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

The market size of medical oxygen concentrators was nearly USD 2.5 billion in 2020 and will record a CAGR of more than 3.3% through 2027 due to the alarmingly rising COVID-19 cases and the thriving demand for intensive critical care and oxygen therapy.

Medical oxygen concentrators provide supplementary oxygen for patients affected with chronic obstructive pulmonary disease (COPD) as well as severe chronic hypoxemia and pulmonary edema.

The portable medical oxygen concentrators is set to observe a 5.2% growth rate up to 2027, as they are largely used to tend to various respiratory disorders, like pneumonia, COPD, and lung cancer to offer compact size, portability, and affordability.

The non-homecare application segment was responsible for over 35% of the medical oxygen concentrators market share in 2020 owing to higher adoption for oxygen therapy in critical patient treatment across hospitals.

North America held more than 40% of revenue share in 2020 driven by the expanding elderly population and high prevalence of COPD in the region.