Global medical oxygen concentrator market is expected to witness a high growth on account of its increasing incidences of asthma and respiratory diseases. Medical oxygen concentrator is designed for the supply of enriched oxygen gas from a gas supply. These products were invented in the early 1970’s and have revolutionized medical treatments of chronic and acute patients. These devices use pressure swing absorption technology used to separate some gas species from a mixture of gasses. Health care applications of this concentrator are the major factor driving the overall market demand. These devices are useful in providing oxygen supply to critical patients suffering from respiratory disorders. As per the Centers for Disease control and Prevention, in 2013, around 22 million people suffered from asthma in the U.S. This device usage in the treatment of asthma patients is expected to drive the market over the forecast period.

Home medical therapy is another factor that drives the market demand is expected to propel the growth in near future. Recent trends have shown that there has been a significant growth household medical therapy. Rising incidences of respiratory and cardio vascular diseases coupled with the aging population drive the usage of oxygen concentrators at patients home. This has given rise to portable concentrators which allow patients to carry their movements. Increasing application in commercial aircrafts has been driving the market demand in recent years. In 2014, The Federal aviation administration, the U.S approved around 20 models and brands of portable oxygen concentrators which can be used during air travel emergency.

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Medical applications in the defense sector are anticipated to provide bright prospects for the overall industry growth. Portable oxygen concentrator devices are used by the military during disasters and relief activities for the treatment of victims especially at high altitudes or places where the oxygen concentration is low. It is even used in military aircraft at high altitudes to supply the aircrew with oxygen. Portable oxygen concentrators provide huge opportunities for the overall market growth. These devices are compact in size and low in cost. These devices can be easily fitted inside a passenger vehicle using a vehicle DC adapter. The competition in the field of portable oxygen concentrators is expected to propel the innovation and reduction in product price.

Market segmentation is done on the basis of end use which includes its usage in hospitals, homecare, aircrafts and military. Application in hospitals accounts for maximum segment share especially in North America owing to improved medical facilities. North America has been the leading market in recent years in terms of demand and is expected to continue its dominance owing to developed health care sector and increasing government initiatives for sophisticated medical devices.

Further, regional demand is followed by Asia Pacific mainly on account of increasing incidences of asthma and respiratory diseases incidences. Emerging economies including India and Malaysia is expected to provide bright opportunities on account of increasing privatization in healthcare. Europe is expected to show a steady growth over the forecast period owing to government initiatives. Central and South America is anticipated to witness a substantial growth mainly due to medical tourism in countries including Mexico, Brazil, Cuba and Ecuador. Africa is expected to witness a slow growth owing to developing healthcare sector.

Major players operating in the market are GE healthcare, Philips, and Siemens. Other market players include Smiths medical, Tejjin limited, Airsep Corporation, Invacare corporation. OSI systems, Inova labs, Vygon, Oxlife and O2concepts.

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Market Segmentation

Global Medical Oxygen Concentrators Product Outlook (Revenue, USD Million, 2012 - 2022)
• Portable oxygen concentrators
• Fixed oxygen concentrators

Global Medical Oxygen Concentrators Application Outlook (Revenue, USD Million, 2012 - 2022)
• Home care
• Non home care

Global Medical Oxygen Concentrators Technology Outlook (Revenue, USD Million, 2012 - 2022)
• Continuous flow
• Pulse dose

Medical Oxygen Concentrators Regional Outlook (Revenue, USD Million, 2012 - 2022)
• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• Asia Pacific
• China
• Japan
• MEA
• South Africa
• Latin America
• Brazil

Market Overview:

Oxygen concentrators are less portable than the other options. An oxygen concentrator is a device that takes oxygen from the room, concentrates it for therapeutic use, and removes other naturally occurring gases. The benefits of concentrators are that they are less expensive and don’t require filling like tanks. Portable versions are available. However, most models are too large to be truly portable.

Demand for oxygen therapies had been rising in the last couple of decades as numerous studies have pointed out that patients who undergo oxygen therapy live longer and lead more active lives. Medical Oxygen Concentrators Market has therefore been expanding as oxygen concentrators have come to be increasingly used in not only hospitals and clinics but at homes by patients who require outpatient treatments or patients who wish to travel and continue to lead normal lives with considerable mobility in spite of the need for continuous requirement of oxygen supply.

Oxygen is distributed from the tank through a tube. It enters the lungs through nasal tubes, a face mask, or a tube inserted directly into the person’s windpipe.

Competitive Landscape:

• Philips Healthcare
• Invacare Corporation
• AirSep Corporation
• Drive DeVilbiss Healthcare
• Medtronic plc
• ResMed
• Chart Industries
• Nidek Medical Products
• Precision Medical
• GCE Group
• Besco Medical Limited
• O2 Concepts

Segmentation:

• The medical oxygen concentrators market has been segmented into product, technology, indication and end user.
• On the basis of product, the medical oxygen concentrators market segmentation includes portable oxygen concentrators and stationary oxygen concentrators. The use of portable oxygen concentrators can essentially change the lives of patients by making mobility possible with the lightweight, better mobility, compact size, and higher oxygen capacity.
• Technology based segmentation of the medical oxygen concentrators market includes continuous flow and pulse dose.
• Indication wise the medical oxygen concentrators market has been categorized into sleep apnea, asthma, chronic obstructive pulmonary disease, and others.
• End user segmentation of medical oxygen concentrators market comprises hospitals and clinics, homecare, travel and others.

Regional Analysis:

Geographically, the North America held a substantial share in the medical oxygen concentrators market in 2018 which can be attributed to the presence of established home healthcare care services, active participation of key market players, increasing incidence of respiratory diseases, and favorable reimbursement scenario in the U.S. and Canada.

Expanding geriatric population in Europe coupled with rising prevalence of asthma, pulmonary hypertension, COPD, and fibrosis, would lead the region to be the second largest value contributor to the medical oxygen concentrators market.

Increasing healthcare expenditure, improvement in healthcare infrastructure and expanding awareness about need for oxygen concentrators will augment Asia-Pacific medical oxygen concentrators market growth. The region is anticipated to register the fastest market CAGR over 2018-2024 owing to increasing demand for portable concentrators.

The medical oxygen concentrators market in the Middle East & Africa would witness the modest market growth rate from 2018 to 2024. The Middle East would spearhead the market attributed to the rising prevalence of sleep apnea.

The enhanced FreeStyle Comfort is designed to be comfortable to wear due to its unique ergonomic design. The device meets FAA guidelines for use on commercial air flights, and offers wireless connectivity to CAIRE’s telehealth solution, CAIREview™.

Medical Oxygen Concentrators Market Highlights

The Global Medical Oxygen Concentrators Market held a market value of USD 1,755.8 Million in 2018 and is Projected to Grow at a CAGR of 7.8% Over the Forecast Period. Oxygen concentrator, also called as oxygen generator is a medical device used to deliver oxygen to the patient. This device concentrates the oxygen from a gas supply by removing nitrogen to supply an oxygen-enriched product gas stream. Stationary oxygen concentrators are used as stationary sources to provide long-term oxygen therapy (LTOT) to patients at home.

Oxygen concentrators provide supplementary oxygen for patients suffering from a chronic obstructive pulmonary disease (COPD) and in higher concentrations for pulmonary edema and severe chronic hypoxemia. In addition, this device is also used as an adjunct treatment for severe sleep apnea. Factors driving the market growth are worldwide increasing the number of patients requiring long-term oxygen therapy, rising prevalence of the chronic obstructive pulmonary disease, sleep apnea, and asthma, growth in healthcare spending, growing demand for portable oxygen concentrators, and the presence of favorable government initiatives. For instance, according to the data published by World Bank, in 2010, world’s current healthcare expenditure (% of gross domestic product — GDP) was 9.57% that was soared to 10.02% in 2016. In contrast, the high cost of oxygen concentrators and huge loss of oxygen and energy when continuous flow technology is used are anticipated to impede the market growth over the forecast period. Price range varies from USD 1,100 to 4,000 (2,300 typical) for stationary units and 3,995 to 5,700 (5,000 typical) for portable units.

Portable oxygen concentrators are oxygen machines that draw in oxygen with the use of a battery, electricity or DC power. These oxygen concentrators offer advantages such as compact in size, lightweight, improved efficiency, cost economic price, and mobility that enables patients to travel hassle-free. Technological advancements in the portable oxygen concentrators include pressure swing adsorption (PSA), and membrane technology is helping in the swift adoption of portable medical oxygen concentrators.

Medical Oxygen Concentrators Market Segmentation

The global medical oxygen concentrators market has been segmented into product, technology, indication, end user, and region.

By product, the market has been segmented into portable oxygen concentrators and stationary oxygen concentrators.

On the basis of technology, the market has been divided into the continuous flow and pulse dose.

Based on indication, the market has been categorized into chronic obstructive pulmonary disease, asthma, sleep apnea, and others.

By end user, the market has been classified into homecare, travel, hospitals and clinics, and others. Home oxygen concentrators facilitate convenience and make it easier and safer for the patient to complete their day-to-day activities, which is supporting the dominance of the homecare segment during the next six years.

Medical Oxygen Concentrators Market Key Players

Few of the prominent players in the global medical oxygen concentrators market are Philips Healthcare, AirSep Corporation, Invacare Corporation, Drive DeVilbiss Healthcare, Medtronic plc, ResMed, Chart Industries, Inc., Nidek Medical Products, Inc., Inogen, Precision Medical, Inc., GCE Group, Besco Medical Limited, O2 Concepts, LLC, Teijin Limited, and OSI - Oxygen Solutions Inc.

Regional Analysis

The global medical oxygen concentrators market has been categorized on the basis of region into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. Based on region, the Americas is expected to dominate the market over the forecast period due to the presence of favorable government initiatives, reimbursement policies, and major market participants developed home healthcare care services and higher adoption of portable oxygen concentrators for homecare needs. Higher value contributors based in the US are Philips Healthcare, Invacare Corporation, AirSep Corporation, ResMed, and Precision Medical, Inc. In addition, government initiatives including the presence of the Federal Aviation Administration (FAA), which authorize the use of portable concentrators during air travel are promoting the dominance of the Americas.

Europe would follow the Americas in terms of revenue over the forecast period as the German government has been undertaking several initiatives to reduce pollution levels in the country and promote public health. In November 2018, the German government unveiled a 5-point plan to reduce plastic waste.

The market in Asia-Pacific would showcase comparatively higher CAGR during the forecast period. This is owing to rising prevalence of COPD and asthma, increasing spending on healthcare, growing awareness about state-of-the-art technologies in an oxygen concentrator, rising adoption of portable units, growth in disposable income, and changing diet pattern and lifestyle resulting in the development of diseases. As per data published in The Lancet journal, in 2016, the prevalence of COPD in India was 4·2% and the prevalence of asthma 2·9%. India has a higher prevalence of COPD than the global average, as well as more disability-adjusted life-years (DALYs) per person with COPD or asthma than the global average.

The Middle East & Africa has the least share of the global medical oxygen concentrators market. In addition, the major market share of the region would be held by the Middle Eastern region due to developing healthcare system and medical infrastructure in the Arab countries.

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