Global Oxygen Concentrators Market 2017-2021

Overview of the oxygen concentrator market

Technavio's market research report identifies that the availability of favorable reimbursement policies and the increasing awareness programs will be one of the primary growth factors for the oxygen concentrators market till 2021. Newfoundland, Quebec, Ontario, Saskatchewan, and British Columbia established the home oxygen program in 2015 to offer financial assistance to eligible residents who require medical attention for oxygen therapy. The sales of the oxygen concentrator devices will increase because this program provides more than 70% of the financial aid to patients. The government is taking efforts to create awareness among patients regarding respiratory disorders. The National Heart, Lung, and Blood Institute focused on increasing awareness and educating the public about the chronic obstructive respiratory disease (COPD) by launching COPD learn more breathe better (LMBB) campaign. According to our industry research analysts, this market will grow at a CAGR of more than 6% by 2021.

Oxygen concentrators market based on geography

North America is witnessing an increase in the number of surgical procedures and hospital admissions due to respiratory diseases. This will boost the market's growth in the Americas during the estimated period. Pennsylvania Patient Safety Advisory is a government advisory body in the US that creates awareness about the individual's safety measures for anesthesia. Additionally, they are also conducting training programs and modules for respiratory specialists and anesthesiologists in developed countries such as the US.

Medical oxygen concentrators market opportunities for vendors

The oxygen concentrators market is characterized by the presence of many vendors. These vendors offer their products in local and international markets. Vendors are increasingly competing against each other based on factors such as intense competition, warranty, online sales, pricing, and the presence of low-cost alternatives. The global manufacturers are increasingly focusing on increasing their revenue by enhancing their brand image. Companies are trying to extend their product portfolio by focusing on research and developmental activities, technological innovations, mergers and acquisitions, and partnerships and collaborations.

Key vendors in the oxygen concentrators market

• Inogen
• Invacare
• Koninklijke Philips N.V.

Oxygen concentrators market by product 

• Portable and fixed systems
• Accessories

The demand for fixed and portable oxygen concentrators is increasing due to various complications such as lung disorder, air pollution, and the increasing prevalence of chronic pulmonary and cardiovascular diseases. This segment accounted for the majority market share during 2016 due to the increasing aging population, increasing trauma accidents, and respiratory disorders. This encourages a vast number of companies to develop more advanced, highly efficient, and easy to use portable oxygen concentrators or home oxygen concentrators. The unit sales volume of these products will continue to increase in the forthcoming years due to the availability of rental facility and service and warranty offered by these companies.

Oxygen concentrator market based on end-user 

• Hospitals and clinics
• ASCs
• Homecare settings

The hospitals segment is gaining popularity among the patient pool because they procure medical products and consumables in bulk quantity and engage closely with many suppliers, reimbursement authorities, and government organizations. The rising number of hospital admittance for surgical care and treatment is driving the sales volume of oxygen concentrators in these hospitals. The market will continue to grow in this end-user segment during the next four years due to the presence of advanced medical infrastructure.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global oxygen concentrators market?
• What are the key market trends impacting the growth of the global oxygen concentrators market?
• What are the challenges to market growth?
• Who are the key vendors in the global oxygen concentrators market?
• What are the market opportunities and threats faced by the vendors in the global oxygen concentrators market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global oxygen concentrators market?

Technavio also offers customization on reports based on specific client requirement.

Our market research reports for the healthcare and life sciences industry follow a thorough data collection methodology and offer an analysis of fast-growing market segments like orthopedics and general medical devices. This upcoming industry research report on the global oxygen concentrators market also offers insights into the key trends and emerging drivers influencing the growth of the healthcare and life sciences industry.

This research report on the global oxygen concentrators market also covers vendors like Inogen, O2 Concepts, Philips Respironics, Teijen, Invacare, Covidien, AirSep, Nidek Medical, and DeVilbiss Healthcare. Additionally, this upcoming report on the global oxygen concentrators market also covers geographies like the Americas, EMEA, and APAC.

This upcoming market research report on the global oxygen concentrators market also considers the growth of similar orthopedics and general medical devices markets such as the medical ventilators, which is expected to grow at a CAGR of more than 6% during the forecasted period. According to our analysts, the rising prevalence of chronic pulmonary and respiratory disorders may influence the demand for oxygen concentrators across the globe.

The upcoming market research report on the global oxygen concentrators market also classifies the key drivers, major trends, as well as the restraints that the orthopedics and general medical devices sector currently experiences. This market research report on the global oxygen concentrators market also provides deep-dive market assessments into the sectors such as oncology and cardiovascular devices.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.