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    North America Medical Oxygen Concentrators Market Forecast 2027 By Application (Home Care, Non-homecare), By Product (Portable Medical Oxygen Concentrators, Fixed Medical Oxygen Concentrators), By Technology (Continuous Flow, Pulse Flow), Research Report, Country Outlook (U.S., Canada), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
    Published Date: September 2021   |   Report ID: GR1168   |   Delivery: PDF  Request Free Sample

    North America Medical Oxygen Concentrators Market size exceeded USD 1.4 billion in 2020 and is anticipated to witness 1.5% CAGR from 2021 to 2027.

    Rising prevalence of infectious diseases coupled with increasing number of critically ill patients requiring oxygen will impel the market growth. Growing prevalence of chronic obstructive pulmonary disease (COPD) coupled with other lungs diseases will drive the industry expansion. Further, increasing healthcare expenditure in the U.S. is projected to create the demand for effective treatment of respiratory diseases.

    North America Medical Oxygen Concentrators Market

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    Sudden surge in COVID-19 cases has boosted the demand for oxygen concentrators. Oxygen therapy is a core part of the treatment of patients with severe COVID-19. Several players in the industry and various government bodies in the U.S. have ramped up their production of oxygen concentrators to meet the patient demand. Thus, rising demand for intensive critical units coupled with presence of large patient pool requiring oxygen therapy will stimulate the market demand.

    North America Market, By Product

    Portable medical oxygen concentrators segment is set to register CAGR of -4% during the forecast period. Increasing number of air travellers coupled with favourable regulatory guidelines will fuel the segment growth. High demand for lightweight concentrators that are easily used at different places such as airplanes, offices, and while doing routine activities will further contribute to the segment revenue.

    North America Market, By Application

    Home care segment dominated around 72% market share in 2020, due to growing prevalence of several respiratory diseases along with availability of home care therapies. Respiratory diseases including COPD is majorly diagnosed in geriatric population hence, home oxygen concentrators are prescribed for betterment of breathing in these patients.

    North America Market, By Technology

    Continuous flow segment revenue was over USD 750 million in 2020. Continuous flow oxygen concentrators deliver oxygen from three to five LPM. The patients with in-home care and minimal physical activity require continuous flow oxygen concentrators. Moreover, people suffering from sleep apnea prefer supplementary oxygen to maintain oxygen level in body while sleeping.

    North America Market, By Country

    U.S. medical oxygen concentrators market accounted for more than USD 1.2 billion revenue in 2020. Growing COVID-19 cases globally has increased the demand for oxygen concentrators in North America.

    Moreover, changing lifestyle habits such as tobacco consumption, smoking, and increased pollution is leading to increasing prevalence of respiratory disorders. According to the Centers for Disease Control and Prevention (CDC), nearly 40 million adults are addicted to tobacco consumption that form high risk for various lung disorders.

    Competitive Industry Landscape

    Prominent players operating in the market include Invacare Corporation, Philips Healthcare, Inogen, Inc., O2 Concepts and DeVilbiss Healthcare, among others. These companies are adopting various strategies to generate greater market share through augmentation of portfolio with novel applications.
     


    Frequently Asked Question(FAQ) :

    What is size of medical oxygen concentrators industry in North America?
    The market size for medical oxygen concentrators in North America was over USD 1.4 billion during 2020 and could expand at nearly 1.5% CAGR over 2021-2027.
    Where can portable medical oxygen concentrators be used?
    Portable medical oxygen concentrators in North America can be utilized across places like offices, aircraft and while performing routine activities owing to lightweight nature of the products.
    What is the best medical oxygen concentrator in North America?
    The share of medical oxygen concentrators based on continuous flow technology was around USD 750 million in North America during 2020 as the equipment is suited for use by patients with less physical activities, people suffering from sleep apnea, and in-home care patients.
    How does homecare applications drive North America medical oxygen concentrators market?
    Homecare applications held nearly 72% of North America market share in 2020 owing to wide prevalence of respiratory disorders and access to home care therapies.
    Who makes medical oxygen concentrators for North America market?
    Major companies in North America industry include medical oxygen concentrators, DeVilbiss Healthcare, Invacare Corporation and Inogen, Inc., among others.

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