Market Revenue Medical Oxygen Concentrators Industry 2022 | Page 2

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