Global oxygen concentrator market to amass significant returns by 2025
Market Study Report, LLC.
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The research report on ‘global oxygen concentrator market’ offers detailed analysis of this business sphere. It comprises of information regarding growth factors, opportunities as well as limitations and restraints impacting the overall industry remuneration.
Selbyville, Delaware, Sept. 01, 2020 (GLOBE NEWSWIRE) -- As per reliable estimates, global oxygen concentrator market was valued at USD 1784.66 million in 2019 and is expected to grow significantly during 2020-2025, amassing massive revenues. The growth is primarily attributed to growing elderly population and rising prevalence of COPD, strokes, and lungs & respiratory disorders across the globe.
The study also provides crucial insights pertaining to various market segmentations and their individual growth estimations as well as contributions towards the overall industry outlook. Additionally, the report highlights the regional spectrum while providing a broad perspective of the competitive landscape of the market over 2020-2025. In the wake of COVID-19 pandemic, the report scrutinized the industry dynamics to suggest coping strategies for industry players.
Increased pervasiveness of COVID-19 has also augmented the adoption rates of oxygen concentrators. Additionally, various manufacturers are focusing on integrating advanced technologies in an effort to provide high-quality products and services to healthcare institutes, which in turn is aiding the market expansion.
Global oxygen concentrator market is split into product type, flow level, end-user scope, and regional terrain.
Product Landscape
As per product type, worldwide oxygen concentrator market is bifurcated into portable and standing. According to estimates, portable oxygen concentrators market segment is expected to register substantial growth during the forecast period.
Rising number of COVID-19 patients has compelled major manufacturers to join hands with doctors and hospitals in a bid to meet the mounting demand for oxygen concentrators. Apart from this, easy availability and wide product rage are fueling the growth of the segment.
Flow Level
In terms of flow level, the industry is segmented into above 10 LPM, 5-10 LPM, and 0-5 LPM. Estimates cite that 0-5 LMP segment is reckoned to witness high CAGR over the study duration, trailed by 5-10 LPM segment. Growing demand for oxygen concentrators with flow level of 0-5 LPM from hospitals to cure patients suffering from COVID-19 is favoring the market scenario. Moreover, increasing collaborations among public entities and manufacturers for providing oxygen concentrators in hospital settings and other healthcare institutes is positively impacting the segmental share.
End-user Analysis
Global oxygen concentrator industry is classified into homecare, clinics, hospitals, and others. Estimates claim that the market share from homecare segment is poised to register significant growth during the analysis timeframe.
Geographical Landscape
Global oxygen concentrator market is divided into Asia-Pacific, Europe, and North America, with key focus on countries such as Japan, China, South Korea, India, France, Germany, U.K., Italy, Canada, and the U.S.
North America is expected to hold the largest market share by the year 2025, trailed by Europe and Asia-Pacific respectively. High concentration of manufacturers along with surging occurrence of COVID-19 in the United States are augmenting the regional demand for oxygen concentrators. Major companies in the region are focusing on expanding their product portfolio as well as their production capacities, thereby swaying the business dynamics in North America.
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The competitive landscape of global oxygen concentrator market is defined by companies such as Linde Plc, Teijin Ltd., GCE Holding AB, Invacare Corp., Inogen, Koninklijke Philips N.V., ResMed, Nidek Medical Products Inc., DeVilbiss Healthcare LLC, and Supera Anesthesia Innovations among others.
Global Oxygen Concentrator Market by Product Type (Revenue, USD Million, 2015-2025)
Portable
Standing
Global Oxygen Concentrator Market by Flow Level (Revenue, USD Million, 2015-2025)
0-5 LPM
5-10 LMP
Above 10 LMP
Global Oxygen Concentrator Market by End-user Scope (Revenue, USD Million, 2015-2025)
Homecare
Clinics
Hospitals
Others
Global Oxygen Concentrator Market Regional Analysis (Revenue, USD Million, 2015-2025)
North America
Canada
U.S.
Europe
Italy
U.K.
France
Germany
Asia-Pacific
South Korea
India
Japan
China
Global Oxygen Concentrator Market Competitive Scenario (Revenue, USD Million, 2015-2025)
Nidek Medical Products Inc.
Supera Anesthesia Innovations
Linde plc
DeVilbiss Healthcare LLC
GCE Holding AB
Inogen
Teijin Ltd.
ResMed
Invacare Corp.
Koninklijke Philips N.V.
Table of Content:
1. Research Methodology and Executive Summary
1.1 Research Methodology
1.2 Executive Summary
2. Strategic Recommendations
3. Oxygen Concentrator Market: Product Outlook
4. Global Oxygen Concentrator Market: Sizing and Forecast
4.1 Market Size, By Value, Year 2015-2025
5. Global Oxygen Concentrator Market Segmentation By Product Type, By Flow Level, By End User
5.1 Competitive Scenario of Global Oxygen Concentrator Market: By Product Type
5.1.1 Standing Market Size and Forecast (2015-2025)
5.1.2 Portable Market Size and Forecast (2015-2025)
5.2 Competitive Scenario of Global Oxygen Concentrator Market: By Flow Level
5.3 Competitive Scenario of Global Oxygen Concentrator Market: By End User
5.3.1 Hospitals Market Size and Forecast (2015-2025)
5.3.2 Clinics Market Size and Forecast (2015-2025)
6. Global Oxygen Concentrator Market: Regional Analysis
6.1 Competitive Scenario of Global Oxygen Concentrator Market: By Region
7. North America Oxygen Concentrator Market: Segmentation By Product Type, By Flow Level, and By End User (2015-2025)
7.1 North America Oxygen Concentrator Market: Size and Forecast (2015-2025), By Value
7.2 North America Oxygen Concentrator Market Prominent Companies
7.3 Market Segmentation By Product Type (Standing, and Portable)
Medical Oxygen Concentrators Market will reach USD 2.6 billion by 2025, as per a new research report. Growing emphasis on enhancing patient’s quality of life coupled with increasing healthcare expenditure in emerging countries will positively impact medical oxygen concentrators business growth. In addition, numerous developed and developing countries are facing rising levels of air pollution. Air pollution and high exposure to dust particles increases the risk of acquiring COPD. Thus, such factors are will increase the adoption of medical oxygen concentrators over the forecast timeframe.
High demand for oxygen concentrators in healthcare sector is mainly attributed to infections and chronic diseases affecting the respiratory health of individuals. With recent COVID-19 outbreak globally, the demand for medical oxygen concentrators is set to spur exponentially. Adoption of medical oxygen concentrators will be high, especially in hospitals to manage respiration among critical patients.
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