Oxygen Concentrators Market Garnered Revenue Worth USD 1.92 billion by 2030

The Oxygen Concentrators market size is projected to reach USD 1.92 billion by 2030, according to a new report by Global Market Vision. It is anticipated to witness a CAGR of 5.2% from 2023 to 2030. The market's growth is driven by various factors, such as advanced product offerings, expanding business operations, increasing respiratory disease incidence, and a rising preference for home-based oxygen therapy. For instance, in May 2022, Sanrai International's collaboration with Drive DeVilbiss resulted in the launch of the 1060AW 10L Stationary Oxygen Concentrator, highlighting the industry's commitment to innovation. Moreover, the market is poised to benefit from the growing demand for portable oxygen concentrators, which have seen a significant increase in adoption.

From 2015 to 2021, the U.S. market witnessed a rise in portable oxygen concentrator penetration from 8% to 22%, as per U.S. Medicare claims data. This trend is expected to drive market growth in the forecast period. The COVID-19 pandemic had a limited positive impact on the regional market. Due to the surge in hospitalizations, medical facilities faced challenges in providing respiratory support to critically ill patients due to the limited availability of ventilators. As a result, the demand for oxygen concentrators as an alternative solution increased. In addition, government initiatives to raise patient awareness have contributed to market growth. For instance, in June 2021, the U.S. government, through the U.S. Agency for International Development (USAID), donated 50 oxygen concentrators to Haiti to combat the COVID-19 pandemic.

This contribution aligns with broader initiatives to enhance the medical infrastructure and provide advanced technology and oxygen equipment to support healthcare in Haiti. Furthermore, government funding for healthcare infrastructure development is expected to fuel the demand for advanced and cost-effective devices. Integrating Internet of Things (IoT) technology has revolutionized the medical device industry, providing significant benefits compared to traditional methods. IoT-enabled oxygen concentrators enable remote monitoring and management, allowing healthcare providers to monitor oxygen levels in real time and adjust the flow rate for better patient outcomes.

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The secondary research portion of the analysis method used to evaluate and forecast the Oxygen Concentrators Market involves compiling data on significant vendor revenues. Vendor offerings were also taken into consideration throughout the market segmentation process. The bottom-up methodology was used to estimate the overall market size of the worldwide market utilising the revenue of the key market participants as a starting point. The market was segmented into many groups and subgroups after the overall market size was established. Comprehensive interviews with important people, including CEOs, VPs, directors, and executives, were then conducted in order to validate these segments and sub-segments through primary research. The market engineering process was completed and the precise statistics for each segment and sub-segment were determined using the data triangulation and market breakdown methodologies.

Major Market Players Profiled in the Report include:
• Inogen, Inc.
• Respironics (a subsidiary of Koninklijke Philips N.V.)
• Invacare Corporation
• Caire Medical (a subsidiary of NGK Spark Plug),
• DeVilbiss Healthcare (a subsidiary of Drive Medical).
• O2 Concepts
• Nidek Medical Products, Inc.

Global Oxygen Concentrators Market Segmentation:
The global market is segmented on the basis of type, application and region. Growth between market segments can help the user/investor analyze niche market growth points, go-to market strategies, and differentiate between core application areas and target markets.

Oxygen Concentrators Market by Type:
• Portable Medical Oxygen Concentrators
• Fixed Medical Oxygen Concentrators

Oxygen Concentrators Market by Application:
• Home Care
• Non-home Care

The research highlights important participants and manufacturers as well as the most recent tactics, including new product releases, collaborations, joint ventures, technology, segmentation of regional and industrial competitiveness, profit and loss ratios, and investment suggestions. a precise evaluation of efficient production and advertising methods, as well as market share, growth rate, size, revenue, and value chain analysis.
The World Oxygen Concentrators Market Research Report is an in-depth analysis of the global industry with a focus on the current situation of the global Oxygen Concentrators Market. The research provides important data on the worldwide Oxygen Concentrators Market's manufacturers market state and is a great resource for businesses and people interested in the sector.

The report provides insights on the following pointers:
Market Penetration: Comprehensive information on the product portfolios of the top players in the Oxygen Concentrators market.
Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.
Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Oxygen Concentrators market.

Table of Contents
Global Oxygen Concentrators Market Research Report 2023 - 2030
Chapter 1 Oxygen Concentrators Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Oxygen Concentrators Market Forecast

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The final report will add the analysis of the Impact of Covid-19 in this report Oxygen Concentrators Market.
Adapting to the recent novel COVID-19 pandemic, the impact of the COVID-19 pandemic on the global Oxygen Concentrators Market is included in the present report. The influence of the novel coronavirus pandemic on the growth of the Oxygen Concentrators Market is analyzed and depicted in the report.

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