European Medical Oxygen Concentrator Market size is expected to reach USD 1 billion by 2027, according to a latest forecast report by Graphical Research.
Growing geriatric population base in Europe is one of the leading factors contributing to the rapid growth of medical oxygen concentrator industry. Elderly population is vulnerable to several respiratory diseases such as asthma, COPD, and pulmonary hypertension that will boost demand for oxygen concentrators. According to the Eurostat, there were more than 90 million people aged more than 65 years or more living in the European union 27 countries in 2019. Thus, increasing life-expectancy and improving socio-economic conditions will contribute to significant demand during forecast timeframe.
Increasing exposure of the population to various pollutants such as chemicals, smoke and other agents that led to several respiratory diseases. As per the European Respiratory Society, pollution has a considerable effect on development of COPD over period. Thus, growing incidence of COPD coupled with rising air pollutants will boost the adoption of medical oxygen concentrators in forthcoming timeframe.
COVID-19 pandemic has positively impacted the market revenue. Oxygen concentrators are capable of providing respiratory support to the COVID-19 patients and reduce risk of mortality. Thus, the industry has experienced high growth potential during pandemic and is projected to grow continuously at faster pace in future.
The fixed medical oxygen concentrators segment will witness significant growth rate during the forecast period. Fixed oxygen concentrators are easy to use and provide continuous flow of oxygen without interruption. This feature will accelerate the demand for fixed oxygen concentrators. Further, fixed medical oxygen concentrators are more affordable as compared to portable medical oxygen concentrators. Thus, low cost of device will increase its adoption rate in the coming years.
Browse detailed statistical insights from the report, “Europe Medical Oxygen Concentrators Market Forecast 2027 By Technology (Continuous Flow, Pulse Flow), By Product (Portable Medical Oxygen Concentrators, Fixed Medical Oxygen Concentrators), By Application (Home Care, Non-homecare), Research Report, Country Outlook (Germany, UK, France, Spain, Italy, Russia, Ukraine, Poland, Switzerland, Belgium, Greece, Czech Republic), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
The non-home care segment will observe around 2% growth rate from 2021 to 2027. Increase in use of medical oxygen concentrator at care centers, hospitals and COVID-19 centers coupled with rising hospitalization of patients have boosted the demand for oxygen concentrators in Europe. Additionally, increasing elderly population, and growing healthcare expenditure in Europe will boost demand for non-home oxygen concentrators during the analysis timeframe.
The pulse flow segment dominated the market share in 2020. Patients with mild or moderate respiratory infection require pulse flow oxygen concentrators. The presence of large patient pool suffering from mild respiratory infection is augmenting the market growth. The pulse flow technology helps in adjusting the breathing rate as per increase or decrease in patient’s breathing. Hence, such enhanced flexibility will propel the customer preference. Furthermore, technological advancements in pulse technology such as autoSAT technology helps to sustain constant oxygen volume that will further augment the segment growth.
France medical oxygen concentrator industry is predicted to proceed at -2.3% CAGR between 2021 to 2027. Booming demand for medical oxygen concentrators owing to increasing incidence of COVID-19 will surge industry growth. According to the WHO, in France around 6,448,367 individuals were reported with COVID-19 infection. Thus, in order to provide respiratory support to COVID-19 patients, the demand for oxygen concentrators is expected to increase in upcoming period.
The European medical oxygen concentrator market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2027, for the following segments:
Europe Market, By Product
- Portable Medical Oxygen Concentrators
- Fixed Medical Oxygen Concentrators
Europe Market, By Application
Europe Market, By Technology
- Continuous Flow
- Pulse Flow
The above information has been provided for the following countries:
- Czech Republic