Medical Oxygen Concentrator Market Set for Rapid Growth at 5.1% CAGR: MarkNtel Advisors

Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Medical Oxygen Concentrator Market, The Global Medical Oxygen Concentrator Market is projected to grow at a CAGR of around 5.1% during the forecast period, i.e., 2023-28. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight sustainable materials, rising demand for luxury customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Medical Oxygen Concentrator Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook Forecasts:

Forecast Period: 2023-2028
CAGR (2023-2028): 5.1%

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Global Medical Oxygen Concentrator Market Segmentation Breakdown:

The Medical Oxygen Concentrator Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

By Type
- Portable
- Stationary

Of both, portable concentrators have gained traction in the Global Medical Oxygen Concentrator Market in recent years.

By End User
- Residential
- Non-Residential
By Technology
- Continuous Flow
- Pulse Flow

Here, continuous-flow oxygen concentrators (CFOCs) hold a prominent market share.

By Flow level
- 0 - 5 LPM
- 1 - 10 LPM
- Above 10 LPM

Geographical Growth Insights:

By Region

North America
- US
- Canada
- Mexico
South America
- Brazil
- Argentina
- Others
Europe
- Germany
- UK
- France
- Italy
- Others
APAC
- China
- Japan
- India
- Others
MEA
- South Africa
- UAE
- Saudi Arabia
- Others

Of all regions globally, North America has been dominating the Medical Oxygen Concentrator Market.

A Comprehensive Analysis of Leading Companies in Global Medical Oxygen Concentrator Market

Invacare Corporation
Koninklijke Philips N.V.
Drive DeVilbiss Healthcare Inc.
CAIRE INC.
Inogen Inc.
O2 Concepts, LLC
Nidek Medical Products, Inc.
OxyGo, LLC
ResMed
Precision medical, Inc.
GCE Group
Linde plc
Others

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Recent Developments in the Global Medical Oxygen Concentrator Market

On 4 January 2023, CAIRE Inc., the leading global manufacturer of oxygen therapy on-site generation systems, completed the acquisition of St. Paul, Minnesota-based MGC Diagnostics Holdings, Inc. (MGC). This acquisition strengthened CAIRE’s position focus on diagnostic technologies, further expanding its expertise in serving patients throughout the progression of pulmonary disease.
In April 2022, Arya BioMed Corplaunched their first portable oxygen concentrator, i.e., incredibly light with a strong battery and a quick charging feature.

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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative quantitative research company, strive to deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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