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    Asia Pacific Medical Oxygen Concentrators Market Forecast 2027 By Product (Portable Medical Oxygen Concentrators, Fixed Medical Oxygen Concentrators), By Application (Home Care, Non-home Care), By Technology (Continuous Flow, Pulse Flow), Research Report, Country Outlook (Japan, China, India, Australia, South Korea, Malaysia, Indonesia, Thailand, Singapore, Taiwan, Philippines, Vietnam), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
    Published Date: September 2021   |   Report ID: GR1141   |   Delivery: PDF  Request Free Sample

    Asia Pacific Medical Oxygen Concentrators Market size crossed USD 1.1 billion in 2020 and is projected to observe around -6.2% growth rate between 2021 and 2027.

    Growing geriatric population base in the region will offer lucrative growth opportunities to the market. As elderly population is susceptible to cardiopulmonary diseases due to weak immune system and low cough strength, they are exposed to high risk of developing lung disorders. According to the World Health Organization (WHO), in South-East Asia nearly 9.8% population were aged above 60 years in 2017 and the proportion is expected to reach 13.7% by 2030. In addition, during COVID-19 pandemic, several private and public organizations have implemented numerous programs to provide better solutions for patients with respiratory disorders.

    Asia Pacific Medical Oxygen Concentrators Market

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    Government initiatives and support to expand local manufacturing will majorly benefit to regional medical oxygen concentrators market players. Moreover, researchers are focused to develop advanced medical oxygen concentrators that will offer ease to use and durability. Further, collaborative efforts by the government and private organizations will excel the development activities and broaden accessibility in the region.

    Asia Pacific Market, By Application

    Non-home care segment is expected to witness -6.4% CAGR during the forecast period, with growing preference towards adoption of highly efficient and effective medical equipment in healthcare facilities. Incidence of COVID-19 pandemic has further stimulated the demand for oxygen concentrators in hospitals and specialty COVID centers as the patients suffering through the virus infection experiences low oxygen levels. Furthermore, portable devices have offered convenience in providing services through mobile platforms during pandemic.

    Asia Pacific Market, By Type

    Fixed medical oxygen concentrators market accounted for around 40% revenue share in 2020, due to integration of advanced technologies. Higher product adoption in non-mobile healthcare settings including hospitals will propel the segment growth. Furthermore, large volume capacities increase the product adoption in settings requiring continuous oxygen supply to patients. In addition, growing investment on healthcare infrastructure in developing counties will fuel the market demand.

    Asia Pacific Market, By Technology

    Continuous flow segment revenue is set to reach USD 590 million by 2027. Advanced technologies enabling product development will enhance the segment demand. As the technology provides continuous uninterrupted stream of oxygen, it is widely used in several healthcare facilities for patients with severe respiratory failure. Use of continuous flow concentrators among patients with prescribed high LPM (liter per minute) will positively impact the overall segment revenue.

    Asia Pacific Market, By Country

    China medical oxygen concentrators market size is anticipated to progress at 11.9% CAGR through 2027, attributed to the expanding local manufacturing coupled with increasing number of suppliers. Adoption of innovative medical oxygen concentrator technologies from international leading players has led to high specificity and expression. Such developments allow firms to cater to expanding patient population and offered business expansion opportunities in the region.

    Competitive Industry Landscape

    Established players involved in the Asia Pacific medical oxygen concentrators market include Teijin Limited, Yuwell, O2 Concepts, NGK Spark Plug Co. Ltd., Inogen Inc., Invacare corporation, CAIRE Inc., Koninklijke Philips N.V., and NIDEK Medical Products.
     


    Frequently Asked Question(FAQ) :

    What is medical oxygen concentrators industry worth in Asia Pacific?
    The market size for medical oxygen concentrators in APAC had reached USD 1.1 billion in 2020 owing to a rise in geriatric population, prevalence of respiratory disorders and the outbreak of COVID-19 virus.
    Where are fixed medical oxygen concentrators used in Asia Pacific?
    Fixed medical oxygen concentrators accounted for around 40% share of Asia Pacific market during 2020 and are majorly used in non-mobile applications like hospitals and other healthcare facilities.
    What is the importance of continuous flow medical oxygen concentrators?
    The market share for continuous flow medical oxygen concentrators in Asia pacific will be around USD 590 million by 2027, as the equipment offers uninterrupted suppl of oxygen and is suitable for treating patients with respiratory failure.
    Why is China medical oxygen concentrators market growing?
    The industry size for medical oxygen concentrators in China will witness around 11.9% CAGR over 2021-2027 due to a large number of manufacturers and supplies of the equipment in the region and the integration of innovative technologies.
    Who provides medical oxygen concentrators in Asia Pacific?
    Some of the prominent companies in APAC market include Inogen Inc., Koninklijke Philips N.V., O2 Concepts, Teijin Limited, NGK Spark Plug Co. Ltd., NIDEK Medical Products and Invacare corporation, among others.

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