USD 1.61 billion
Homecare Oxygen Concentrators Market Size, Share, Growth Analysis, By Product(Portable oxygen concentrators, Fixed oxygen concentrators), By Technology(Continuous flow, Pulse flow), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35H2187 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
61
|Figures:
75
Homecare Oxygen Concentrators Market Insights
Homecare Oxygen Concentrators Market size was valued at USD 1.73 Billion in 2023 and is poised to grow from USD 1.86 Billion in 2024 to USD 3.32 Billion by 2032, growing at a CAGR of 7.50% during the forecast period (2025-2032).
The market has been witnessing a trend toward more portable and lightweight oxygen concentrators. This is particularly important for patients who want to maintain an active lifestyle and need oxygen therapy on the go.
Energy-efficient devices are becoming increasingly important due to environmental concerns and the need for cost-effective solutions. Manufacturers are working to develop oxygen concentrators that consume less power while maintaining effective oxygen delivery.
The growth of online retail and e-commerce platforms has facilitated easier access to medical equipment, including homecare oxygen concentrators. Patients and caregivers can now research, compare, and purchase these devices online, expanding the market's reach.
US Homecare Oxygen Concentrators Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Portable oxygen concentrators
Fastest Growth
Portable oxygen concentrators
Growth Rate
7.50% CAGR
Global Homecare Oxygen Concentrators Market ($ Bn)
Country Share for North America Region (%)
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Homecare Oxygen Concentrators Market Segmental Analysis
The global homecare oxygen concentrators market is segmented on the basis of Product, Technology, Region. By product, the market is segmented into portable oxygen concentrators, fixed oxygen concentrators. By technology, the market is segmented into continuous flow, pulse flow. By region, the market is segmented into North America, Europe, Latin America, Asia- Pacific, Middle East and Africa.
Homecare Oxygen Concentrators Market Analysis By Product
In 2022, the segment of portable homecare oxygen concentrators achieved a revenue exceeding USD 600 million. The significant growth of this segment can be largely attributed to its inherent mobility, ease of use, and heightened efficiency in delivering oxygen therapy.
One notable contributing factor to the growth of the portable segment is the increasing trend of patients gravitating towards mobile solutions. This inclination has prompted the introduction of a greater number of portable concentrator models into the market, which, in turn, has positively influenced the revenue growth within this segment.
Homecare Oxygen Concentrators Market Analysis By Technology
The continuous flow segment is anticipated to experience a CAGR of 7.1% during the forecast period. Continuous flow oxygen concentrators ensure a consistent and uninterrupted delivery of oxygen to patients at a constant rate. This feature makes them particularly valuable for patients with severe respiratory conditions like Chronic Obstructive Pulmonary Disease (COPD).
As the prevalence of severe respiratory conditions continues to rise, the demand for reliable and advanced oxygen therapy solutions like continuous flow concentrators is expected to remain robust. The segment's projected CAGR reflects the recognition of its importance in addressing critical patient needs and the industry's commitment to technological advancement
Global Homecare Oxygen Concentrators Market By Product
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Homecare Oxygen Concentrators Market Regional Insights
North America holds a substantial market share owing to its advanced healthcare infrastructure, increasing geriatric population, and high prevalence of respiratory disorders. The region's technological advancements and supportive reimbursement policies further bolster market growth.
In Europe, the market is driven by rising healthcare expenditure, favorable government initiatives, and increasing awareness about home-based healthcare solutions. Countries like the UK, Germany, and France are witnessing a surge in demand for homecare oxygen concentrators due to the prevalence of respiratory diseases.
Asia Pacific presents significant growth potential due to the region's large population, increasing healthcare awareness, and expanding healthcare access. Rising disposable income and the adoption of advanced medical technologies in countries like China, India, and Japan are driving market expansion.
Global Homecare Oxygen Concentrators Market By Region
- Largest
- Fastest
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Homecare Oxygen Concentrators Market Dynamics
Homecare Oxygen Concentrators Market Drivers
Shift towards Home-based Healthcare
- Patients and healthcare systems are increasingly favoring home-based care due to convenience, reduced hospital stays, and the current emphasis on avoiding crowded healthcare facilities, driving the demand for homecare oxygen concentrators.
Government Initiatives and Reimbursement Policies
- Supportive government initiatives, reimbursement policies, and favorable healthcare regulations in many regions encourage the adoption of homecare oxygen concentrators.
Rising Prevalence of Respiratory Diseases
- The escalating incidence of respiratory conditions such as COPD, asthma, and lung cancer is a significant driver, propelling the need for oxygen therapy and homecare oxygen concentrators.
Homecare Oxygen Concentrators Market Restraints
Patient Compliance Challenges
- Some patients may find it challenging to adhere to prescribed oxygen therapy due to discomfort, mobility issues, or reluctance to use medical devices consistently.
Technical Limitations
- Certain patients with very high oxygen flow requirements may not be suited for homecare oxygen concentrators due to their technical limitations.
High Initial Costs
- The upfront cost of acquiring homecare oxygen concentrators can be a barrier, particularly for patients without adequate insurance coverage or in regions with limited healthcare resources.
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Homecare Oxygen Concentrators Market Competitive Landscape
The competitive landscape of the global homecare oxygen concentrators market is marked by intense rivalry among key players striving to capture a significant share of the expanding market. Prominent companies like Inogen, Philips Healthcare, and Invacare Corporation stand at the forefront, leveraging their technological prowess and robust market presence to offer comprehensive homecare oxygen concentrator solutions. These industry leaders continually innovate to enhance device efficiency, portability, and user-friendliness, setting a high bar for the industry.
The market also witnesses the emergence of agile startups and specialized players that cater to specific patient needs, contributing to its dynamism. Moreover, strategic collaborations, partnerships, and mergers among established healthcare institutions, technology firms, and homecare oxygen concentrator manufacturers are further shaping the competitive landscape.
Homecare Oxygen Concentrators Market Top Player’s Company Profiles
- Inogen, Inc. (USA)
- Philips Healthcare (Netherlands)
- Invacare Corporation (USA)
- ResMed Inc. (USA)
- Drive DeVilbiss Healthcare (USA)
- Chart Industries, Inc. (USA)
- GCE Group (Sweden)
- Nidek Medical Products, Inc. (Japan)
- Precision Medical, Inc. (USA)
- O2 Concepts, LLC (USA)
- Longfian Scitech Co., Ltd. (China)
- AirSep Corporation (USA)
- Medtronic plc (Ireland)
- Teijin Limited (Japan)
- Foshan Keyhub Electronic Industries Co., Ltd. (China)
- Besco Medical Co., Ltd. (South Korea)
- CAIRE Inc. (USA)
- GF Health Products, Inc. (USA)
- Inova Labs Inc. (USA)
- Haiyang Kangyou Medical Instruments Co., Ltd. (China)
Homecare Oxygen Concentrators Market Recent Developments
- In March 2023, Inogen announced that it had received FDA approval for its Inogen One G5 oxygen concentrator.
- In February 2023, Respironics announced the launch of its new EverGo portable oxygen concentrator.
- In January 2023, Chart Industries announced the acquisition of Invacare's home oxygen business.
Homecare Oxygen Concentrators Key Market Trends
- Rising Aging Population: The global population is aging, leading to an increased prevalence of respiratory disorders such as chronic obstructive pulmonary disease (COPD) and other conditions that require oxygen therapy. This drives the demand for homecare oxygen concentrators as a convenient and cost-effective solution for managing these conditions at home.
- Preference for Home-Based Care: Patients prefer receiving medical care at home due to its comfort and convenience. Homecare oxygen concentrators offer a way to manage respiratory conditions without the need for frequent hospital visits, contributing to the growth of the market.
- Technological Advancements: Advances in technology have led to the development of more efficient and portable homecare oxygen concentrators. These advancements include improvements in oxygen delivery systems, noise reduction, energy efficiency, and user-friendly interfaces.
Homecare Oxygen Concentrators Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global homecare oxygen concentrators market analysis, the global homecare oxygen concentrators market is propelled by factors such as the rising elderly population, increasing prevalence of respiratory diseases, and technological advancements. The market's competitive landscape is characterized by established industry leaders like Inogen, Philips Healthcare, and Invacare Corporation, who continuously innovate to offer advanced and user-friendly solutions. The emergence of startups and specialized players contributes to market dynamism, while strategic partnerships and collaborations reshape the competitive arena.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.61 billion |
| Market size value in 2031 | USD 3.09 billion |
| Growth Rate | 7.50% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Homecare Oxygen Concentrators Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Homecare Oxygen Concentrators Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Homecare Oxygen Concentrators Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Homecare Oxygen Concentrators Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Homecare Oxygen Concentrators Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Homecare Oxygen Concentrators Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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