Global oxygen concentrators market is anticipated to grow at a considerable CAGR of 8.5% during the forecast period (2024-2031). Oxygen concentrators are widely used in various industries and medical settings. In the medical field, it provides a reliable and cost-effective source of medical-grade oxygen for patients with respiratory disorders. it is additionally utilized by emergency medical service providers, neonatal care units, and rehabilitation centers to deliver oxygen to patients in different scenarios. Additionally, oxygen concentrators find applications in industrial settings such as metallurgy and welding, in addition to water treatment facilities to improve water quality and support aquatic life.Furthermore, the market has seen significant growth primarily owing to increased focus on R&D by both public and private organizations and growing applications. For instance,in May 2023, Drive DeVilbiss launched a new oxygen concentrator 1060AW. The oxygen device designed for rural and semi-urban areas is being developed to meet the unique needs of primary and secondary health levels.
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In July 2023, VARON launched a new VP series portable oxygen concentrator with increased mobility. The portable oxygen concentrator is a revolutionary device that offers efficient and reliable oxygen therapy to patients at any time and place.
In July 2022, OMRON launched a portable oxygen concentrator. The product is designed to aid the home care providers who are managing the therapy and lifestyle needs of patients with COPD and respiratory problems. It offers continuous, high-concentration oxygen supply to home care providers managing COPD and respiratory issues, providing over 90.0% high output.
Global Oxygen Concentrators Market Report Segment
By Type
- Portable
- Fixed
By Technology
- Continuous flow
- Pulse flow
By Application
- Chronic Obstructive Pulmonary Disease (COPD)
- Asthma
- Respiratory distress
- Others (Sleep Apnea, Interstitial Lung Disease, Interstitial Fibrosis, Cystic Fibrosis Of Lungs, Postoperative Care )
By End-User
- Hospitals & clinics
- Home care settings
- Ambulatory surgical centers & physician offices
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Company Profiles
- Beijing North Star Co. Ltd.
- BESCO MEDICAL Ltd.
- BOC Ltd.
- CAIRE Inc.
- DeVilbiss Healthcare GmbH
- ETW International
- Foshan Keyhub Electronic Industries Co.,Ltd.
- GVS S.p.A.
- Inova Health System Foundation (Inova)
- Invacare Corp.
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