What is Global Oxygen Concentrators Market?
The Global Oxygen Concentrators Market is a vast and dynamic sector that focuses on the production and distribution of oxygen concentrators. These are medical devices designed to deliver oxygen to those who require it. They are used for various medical conditions, including chronic obstructive pulmonary disease (COPD), asthma, sleep apnea, and other respiratory diseases. The market is global in nature, encompassing manufacturers, distributors, and consumers from all corners of the world. The market's value was estimated at US$ 2233.8 million in 2023, and it is projected to reach US$ 2778.1 million by 2030. This growth is driven by an increasing demand for oxygen concentrators, particularly in developing countries where access to medical oxygen can be limited. The market is also influenced by technological advancements, which have led to the development of more efficient and portable oxygen concentrators.
1L/2L Oxygen Concentrators, 3L Oxygen Concentrators, 5L Oxygen Concentrators, Others in the Global Oxygen Concentrators Market:
The Global Oxygen Concentrators Market is segmented based on the capacity of the concentrators. The 1L/2L Oxygen Concentrators are compact and lightweight, making them ideal for use at home or while traveling. They are designed to provide a continuous flow of oxygen, making them suitable for patients with moderate to severe respiratory conditions. The 3L Oxygen Concentrators are larger and more powerful, capable of delivering a higher flow of oxygen. They are typically used in hospitals and clinics for patients with severe respiratory conditions. The 5L Oxygen Concentrators are the most powerful, designed for use in intensive care units and other high-demand medical settings. There are also other types of oxygen concentrators available in the market, each designed to meet specific needs and preferences.
Hospital Care, Clinic Care, Home Care, Others in the Global Oxygen Concentrators Market:
The Global Oxygen Concentrators Market caters to various sectors, including Hospital Care, Clinic Care, Home Care, and others. In Hospital Care, oxygen concentrators are used in various departments, including emergency rooms, intensive care units, and surgical suites. They are essential in treating patients with severe respiratory conditions and those undergoing surgery. In Clinic Care, oxygen concentrators are used in outpatient settings, providing supplemental oxygen to patients with chronic respiratory diseases. In Home Care, oxygen concentrators are used by patients who require long-term oxygen therapy. They are designed to be user-friendly, allowing patients to manage their oxygen therapy at home. Other areas where oxygen concentrators are used include nursing homes, rehabilitation centers, and in emergency medical services.
Global Oxygen Concentrators Market Outlook:
The Global Oxygen Concentrators Market outlook is promising. In 2023, the market was valued at US$ 2233.8 million and is expected to reach US$ 2778.1 million by 2030, growing at a CAGR of 4.0%. This growth is driven by the increasing prevalence of respiratory diseases and the growing demand for oxygen concentrators. The market is dominated by three major manufacturers, with Inogen being the largest, accounting for 14% of the market share. The majority of the production originates from China, North America, Japan, and Europe, with China being the largest producer, holding a 75% market share. This dominance is due to China's advanced manufacturing capabilities and large consumer base.
| Report Metric | Details |
| Report Name | Oxygen Concentrators Market |
| Accounted market size in 2023 | US$ 2233.8 million |
| Forecasted market size in 2030 | US$ 2778.1 million |
| CAGR | 4.0% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Inogen, Yuyue Medical, NGK Spark Plug, Teijin Pharma, Philips, Invacare, Haier Group, Longfian Scitech, Shenyang Canta, Linde, ResMed, Shenyang AERTI, Omron, DeVilbiss Healthcare, SysMed, Beijing Shenlu, Longfei Group, Daikin, Nidek Medical, Air Water Group, Jiangsu Jumao, Keyhub |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
