Medical Oxygen Concentrators Market is expected to grow with a CAGR of 6.3% from 2023 to 2030.
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A Medical Oxygen Concentrator is a device that concentrates the oxygen from a gas supply (usually ambient air) by selectively eliminating nitrogen to provide an oxygen-enriched product gas stream. They are employed in industry and as oxygen therapy equipment in hospitals.
This report describes the global market size of Medical Oxygen Concentrators Market from 2018 to 2021 and its CAGR from 2018 to 2021, and also forecasts its market size to the end of 2030 and its expected to grow with a CAGR of 6.3% from 2023 to 2030.
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Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Medical Oxygen Concentrators Market estimated at US $ million in the year 2022, is projected to reach a revised size of US$ million by 2030, growing at a CAGR of 6.3% during the forecast period 2023-2030. North American market for Medical Oxygen Concentrators Market is estimated to increase from $million in 2022 to reach $ million by 2030, at a CAGR of XX% during the forecast period of 2023 through 2030.
For geography segment, regional supply, demand, major players, price is presented from 2018 to 2030. This report cover following regions:
North America
Asia-Pacific
Europe
Middle East and Africa
South America
The key countries for each regions are also included such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.
For competitor segment, the report include global key players of Medical Oxygen Concentrators Market as well as some small players. The information for each competitor include:
Company Profile
Main Business Information
SWOT Analysis
Sales Volume, Revenue, Price and Gross Margin
Market Share
By Product Type
Portable Medical Oxygen Concentrators
Fixed Medical Oxygen Concentrators
Fixed oxygen concentrators had the biggest revenue market share of61%, by product type, in the world market in 2022. This is explained by the significant demand for long-term concentrators from COVID-19 patients, people with respiratory illnesses, and the elderly population. During the projected period, it is predicted that the portable category will increase at the quickest rate. This is because people are becoming more aware of the advantages of portable oxygen concentrators, such as their increased mobility and reduced size.
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By Application
Home Care
Non-Homecare
In 2022, home care had the biggest market share globally, at 60%. The growth of technology and the use of home therapy in developed countries are factors in the high market share in terms of revenue. A wide range of concentrators are also easily accessible for use in home treatment. Additionally, a sizable geriatric population in nations like Germany, Japan, Italy, Monaco, Austria, and others is anticipated to further fuel market expansion throughout the anticipated time frame. Additionally, expanding healthcare insurance coverage for oxygen concentrators in numerous nations is further boosting market expansion.
By Technology
Continuous Flow
Pulse Flow
In 2022, continuous flow technology had the biggest market share global 52.5%. This is explained by the rising number of individuals with chronic respiratory diseases. The optimum technology for CPAP or BiPAP equipment is continuous flow. The adoption of continuous flow technology is being supported by the high desire for it among patients with modest levels of physical activity, oxygen requirements greater than 5 LPM, or patients who primarily breathe through their lips.
By Region
North America
APAC
领英推荐
Europe
South America
Middle East & Africa
In2022, North America had the greatest revenue share of46.5%as a result of the region's growing need for Medical Oxygen Concentrators for medical billing and coding and the ongoing changes to healthcare laws and practises. For instance, the COVID-19 public health emergency (PHE), which is scheduled to expire in May 2023, was extended until 2023 at the request of the Federation of American Hospitals (FAH) in August 2022. Furthermore, it is anticipated that the presence of significant businesses in the area will fuel market demand. These participants are working with neighbourhood organisations to offer their solutions.
By Company
飞利浦 Respironics
OxyGo , LLC.
林德 plc
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