Medical Oxygen Concentrators Market 2026 Receives a Rapid Boost in Economy due to High Emerging Demands

Depleting air quality, growth of geriatric population, and prevalence of smoking has led to an increase in respiratory health conditions. This has created a demand for more innovation in medical oxygen supply and technologies. One of the biggest breakthroughs in this field is oxygen concentrators - a device that makes medical oxygen more accessible, portable, and easier to handle. An oxygen concentrator works by concentrating the oxygen by selectively removing the nitrogen from gas supply - usually ambient air- to provide oxygen-rich air to the user. This works especially well in non-critical conditions where cylinders or liquid medical oxygen is not available or necessary.

 

𝑻𝒐 𝑲𝒏𝒐𝒘 𝑴𝒐𝒓𝒆 𝑮𝒓𝒂𝒃 𝑰𝒏𝒇𝒐𝒓𝒎𝒂𝒕𝒊𝒗𝒆 𝒔𝒂𝒎𝒑𝒍𝒆: https://www.fairfieldmarketresearch.com/report/medical-oxygen-concentrators-market/request-sample

 

Rising government expenditure and initiatives to curtail respiratory health issues is expected to drive the growth of the market. Increased public health funding, will to build more hospitals, clinics and diagnostic centres have also aided the adoption of oxygen concentrators. Increasing per-capita income across the globe also indirectly catalyses the growth as it contributes to higher adoption of motorized personal mobility - a major cause behind pollution and respiratory issues.

 

COVID-19 Outbreak Created Acute Demand for Medical Oxygen

 

The COVID-19 pandemic catapulted the importance of medical oxygen into the public eye as its supply was being gravely challenged during the pandemic. Oxygen therapy played an integral part in the treatment of COVID-19 as the viral infection was pneumonic in nature. The global oxygen concentrator market grew from 1.92 billion USD in 2020 to 2.16 billion in 2021 at a CAGR of 12.7%. The global demand for medical oxygen as a whole too witnessed an upsurge and is expected to reach 2.92 billion USD by the year 2025 at a CAGR of 7.8%.

 

Portable Oxygen Concentrators Attract Increased Demand in the Contemporary Times

 

Oxygen concentrators are mainly bifurcated into portable and stationary categories. Portable concentrators gained traction across large parts of the world as people requiring oxygen support due to COVID-induced respiratory disorders grew. Further, divisions in the product range are based on oxygen flow rate, ranging from 0-5 litre-per-minute to >10 litre-per-minute. On the basis of the type of flow, the primary segmentation nodes are pulse dose or continuous flow. The specifications of the products can vary based on specialist uses for specific diseases and pathological conditions. The market segmentation is done based on product type (portable and stationary), flow levels, and end-users (hospitals, clinics, and domestic usage).

 

Population, Pollution, and Increasing Respiratory Issues to Facilitate Growth in Asia-Pacific Region

 

Highly populous countries such as China, India, Indonesia, Pakistan and Bangladesh are witnessing a steady growth in demand for oxygen concentrators. This is due to the increasing population of senior citizens who are prone to respiratory issues, high levels of air pollution, and prevalent tobacco consumption. Furthermore, higher than average population density in these countries also led to widespread COVID-19 impact and became a contributing factor to the regional market growth. The market in the Asia-Pacific region is expected to grow at a CAGR of 7.9% by the year 2026, one of the highest CAGR projections in the world.

Some of the key players operating in the global oxygen concentrator market are Invacare Corporation, Inogen, Inc., DeVilbiss Healthcare LLC, Chart Industries, Inc. (AirSep), and Nidek Medical.