The global Oxygen Concentrators market gathered revenue around USD 3,310.02 Million in 2020 and market is set to grow USD 5,963.20 Million by the end of 2027 and is estimated to expand at a modest CAGR of 5.80% during the prediction period 2021 to 2027.
Report Coverage
| Report Scope | Details |
| Market Size | USD 5,963.20 Million by 2027 |
| Growth Rate | CAGR of 5.80% From 2021 to 2027 |
| Base Year | 2020 |
| Forecast Period | 2021 to 2027 |
| Historic Data | 2017 to 2020 |
| Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
| Segments Covered | Technology, Product, End User and Region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned | Koninklijke Philips N.V., Invacare Corporation, DeVilbiss Healthcare LLC, Inogen, Inc., Chart Industries, Inc. (AirSep), Nidek Medical, O2 Concepts, Teijin Limited, Supera Anesthesia Innovations, and GCE Group. |
Growth Factors:
The Escalating number of cases related to Respiratory and Lungs Diseases with growing prevalence of COPD, Strokes supported by ever growing geriatric population and companies making huge investments in incorporating advanced technology in order to offer high quality, latest technology products to hospitals and healthcare units. Further, with growing transmission of coronavirus across the world, Oxygen Concentrator market is anticipated to witness huge growth during the forecast period of 2021-2027.
Under the Product Type segment, Portable Oxygen Concentrators are anticipated to witness the largest market share owing to growing availability of wide variety of Oxygen Concentrator by different companies clubbed with manufacturers collaborating with hospitals and doctors to better understand their demand and meet their requirements with surging number of coronavirus patients. These factors will be pushing growth in the market for Oxygen Concentrator during the coming years.
With companies from different industries entering the Oxygen Concentrator market in order to meet the unprecedented demand for Oxygen Concentrator coupled with government partnering up with manufacturers to provide Oxygen Concentrator to hospitals and healthcare units, the demand for oxygen concentrators is likely to see huge growth in the coming years.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Oxygen Concentrators market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Oxygen Concentrators market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Oxygen Concentrators market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Oxygen Concentrators Market include: Koninklijke Philips N.V., Invacare Corporation, DeVilbiss Healthcare LLC, Inogen, Inc., Chart Industries, Inc. (AirSep), Nidek Medical, O2 Concepts, Teijin Limited, Supera Anesthesia Innovations, and GCE Group.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
Market Segments
By Technology
By Product
By End User
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Oxygen Concentrators market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Oxygen Concentrators market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Oxygen Concentrators markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Oxygen Concentrators market Study:
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles
(Upto 5 With No Cost)
Additional Countries (Apart
From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers