Market Research Insights Medical Oxygen Concentrators Market | Page 2

Medical applications in the defense sector are anticipated to provide bright prospects for the 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 the 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 the innovation and reduction in product price.
Market segmentation is done on the basis of end use which includes its usage in hospitals, homecare, aircrafts
and 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 developed health care sector and increasing government
initiatives for sophisticated medical devices.
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Further, regional demand is followed by Asia Pacific mainly on account of increasing incidences of asthma and
respiratory diseases incidences. Emerging economies including India and Malaysia is expected to provide bright
opportunities on account of increasing privatization in healthcare. Europe is expected to show a steady growth
over the forecast period owing to government initiatives. Central and South America is anticipated to witness a
substantial growth mainly due to medical tourism in countries including Mexico, Brazil, Cuba and Ecuador. Africa
is expected to witness a slow growth owing to 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)
• Home care
• Non home care