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Global Oxygen Concentrators Market Size, Status and Precise Outlook- Koninklijke Philips N.V.; Invacare Corporation; DeVilbiss Healthcare LLC

12-10-2021 02:15 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Insights Reports

Oxygen Concentrators Market 2021 report helps the clients to take business decisions and to understand strategies of major players in the industry. The report also calls for market- driven results deriving feasibility studies for client needs. Market Insights Reports ensures qualified and verifiable aspects of market data operating in the real- time scenario. The analytical studies are conducted ensuring client needs with a thorough understanding of market capacities in the real- time scenario.

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The global oxygen concentrators market is expected to grow from $1.92 billion in 2020 to $2.16 billion in 2021 at a compound annual growth rate (CAGR) of 12.7%.

Top leading Companies Profiled in Oxygen Concentrators Market Report are Koninklijke Philips N.V.; Invacare Corporation; DeVilbiss Healthcare LLC; Nidek Medical; Inogen; O2 Concepts; Teijin Limited; Supera Anesthesia Innovations; GCE Group; CAIRE Inc.; Precision Medical Inc.; ResMed; Linde; Longfian Scitech; OxyGo

Market Overview

The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The market is expected to reach $2.92 billion in 2025 at a CAGR of 7.8%.

The oxygen concentrators market consists of sales of oxygen concentrators devices by entities (organizations, sole traders, and partnerships) which refers to medical devices used for supplying oxygen to patients suffering from respiratory diseases. The oxygen concentrator separates nitrogen and oxygen from the air in the environment and provides pure oxygen to the patient. There is no need for constant refilling for an oxygen concentrator as it draws oxygen from the surrounding air.

The main types of oxygen concentrators are portable and stationary. Portable oxygen concentrators are smaller, more mobile, affordable, and can be easily moved from one place to another. The different technologies include pulse dose, continuous flow, and others. These oxygen concentrators are used for supplying oxygen for patients suffering from chronic obstructive pulmonary disease (COPD), lung cancer, pneumonia, other respiratory system diseases and are used by hospitals, home care, others.

Markets Segmentation:

1) By Type: Portable; Stationary

2) By Technology: Pulse Dose; Continuous Flow; Others

3) By Application: Chronic Obstructive Pulmonary Disease (COPD); Lung Cancer; Pneumonia; Others

4) By End User: Hospitals; Home Care; Others

Regional Analysis:

Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)

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Regional Analysis

North America was the largest region in the oxygen concentrators market in 2020. Europe was the second-largest region in the oxygen concentrators market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Companies in the oxygen concentrators market are increasingly investing in technologies such as artificial intelligence and low-cost portable devices to improve the functionality of these oxygen concentrators. There has been a growing demand for portable, low-cost concentrators owing to the pandemic. For instance, in March 2021, a team of researchers at MITs Electrochemical Energy Lab (EEL) launched a low-cost portable concentrator that can be adopted in places with limited infrastructure and high demand. The companies such as Servotech Power Systems, an India-based manufacturer of LED lights and solar products is manufacturing the noiseless, lightweight, and portable oxygen concentrator equipment that provides a constant flow of oxygen and can be easily adjusted to meet the needs of the patient

News and Updates

In May 2021, OxyGo LLC, a manufacturer of portable oxygen concentrators acquired LIFE Corporation for an undisclosed amount. Through this acquisition, OxyGo can offer services to compressed gas users, and the company can also expand its oxygen expertise by providing better products and services using LIFE corporation expertise. Life Corporation is an India-based company that manufactures portable emergency oxygen and CPR administration equipment.

Key Takeaways from Oxygen Concentrators Report

─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the Oxygen Concentrators market – key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance – Oxygen Concentrators market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to improve top-line revenues.

─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Oxygen Concentrators

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In conclusion, the Oxygen Concentrators market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the Oxygen Concentrators Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.

Available Customization– The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.

Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234
Mob: +91-750-707-8687
sales@marketinsightsreports.com
irfan@marketinsightsreports.com

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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