Medical Oxygen Concentrators Market Size & Forecast Report, 2012 - 2022

The global medical oxygen concentrator market is expected to witness a high growth on account of its increasing incidences of asthma and respiratory diseases. A medical oxygen concentrator is designed for the supply of enriched oxygen gas from a gas supply. These products were invented in the early 1970s 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 growth shortly. Recent trends have shown that there has been significant growth in household medical therapy. Rising incidences of respiratory and cardiovascular diseases coupled with the aging population drive the usage of oxygen concentrators at patients' homes. This has given rise to portable concentrators which allow patients to carry their movements. Increasing application in commercial aircraft has been driving the market demand in recent years. In 2014, The Federal aviation administration, U.S approved around 20 models and brands of portable oxygen concentrators which can be used during air travel emergencies.

Medical applications in the defense sector are anticipated to provide bright prospects for 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 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 innovation and reduction in the product price.

Market segmentation is done based on end-use which includes its usage in hospitals, homecare, aircraft, and the 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 the developed health care sector and increasing government initiatives for sophisticated medical devices.

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

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)
        • Homecare
        • 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
            • the U.S.
            • Canada
        • Europe
            • Germany
            • the UK
        • the Asia Pacific
            • China
            • Japan
        • MEA
            • South Africa
        • Latin America
            • Brazil