Medical Oxygen Concentrators & Oxygen Cylinders Market by Product (Oxygen Cylinders, Portable Medical Oxygen Concentrators & Oxygen Cylinders, Stationary Medical Oxygen Concentrators & Oxygen Cylinders), Technology (Continuous Flow, Pulse Flow), End-Use -

Medical Oxygen Concentrators & Oxygen Cylinders Market by Product (Oxygen Cylinders, Portable Medical Oxygen Concentrators & Oxygen Cylinders, Stationary Medical Oxygen Concentrators & Oxygen Cylinders), Technology (Continuous Flow, Pulse Flow), End-Use - Global Forecast 2024-2030

The Medical Oxygen Concentrators & Oxygen Cylinders Market size was estimated at USD 4.30 billion in 2023 and expected to reach USD 4.73 billion in 2024, at a CAGR 10.33% to reach USD 8.57 billion by 2030.

Medical oxygen concentrators and oxygen cylinders are critical devices utilized in healthcare settings for delivering oxygen therapy to patients experiencing issues related to the respiratory system. These devices have become essential as they provide a continuous supply of concentrated oxygen, which supports the treatment of chronic diseases, including chronic obstructive pulmonary disease (COPD), pneumonia, and other acute respiratory disorders. Environmental pollutants increase the risk of developing respiratory illnesses, creating the need for supplemental oxygen therapy solutions. However, the initial investment cost and ongoing maintenance costs may limit affordability for some patients or healthcare facilities in developing regions. Stringent regulatory requirements for product approvals may slow new product launches and affect market growth rates. In addition, manufacturers focus on incorporating telehealth features into these devices, enabling real-time patient health status monitoring and improving patient care management. Developing lightweight, low-noise, and low-maintenance devices further enhances user experience and expands market reach to a broader patient population.

Regional Insights

In the Americas region, an aging population with chronic respiratory conditions has increased the need for medical oxygen concentrators and cylinders for supplemental oxygen due to low blood oxygen levels. Government bodies, including the National Institutes of Health (NIH), support research into innovative oxygen delivery systems across the region. In the Asia-Pacific region, rapid urbanization is leading to increased pollution levels, accelerating incidence rates of lung-related ailments such as asthma and COPD, which increases the need for medical oxygen concentrators and cylinders in India, China, Japan, Indonesia, and Australia. Various government initiatives improve healthcare infrastructure and facilitate access to essential medical devices, contributing to the market's growth. In European Union countries, well-established healthcare infrastructure combined with growing awareness about respiratory diseases is driving the need for medical oxygen concentrators and cylinders. In Africa and the Middle East, increased investment in healthcare facilities and rising respiratory disorder prevalence contribute to market growth. Several EU-funded projects aim to develop personalized medicine approaches for managing asthma and COPD patients using advanced monitoring technologies.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Medical Oxygen Concentrators & Oxygen Cylinders Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Increasing prevalence of chronic respiratory diseases such as asthma, Chronic Obstructive Pulmonary Disease (COPD), and sleep apnea
Rising incidence of respiratory problems among the population owing to changing lifestyles
Rise in demand for portable and homecare oxygen concentrators

Market Restraints

Rise in the number of product recalls

Market Opportunities

Technological improvements in medical oxygen concentrators & oxygen cylinders
Introduction of innovative products and collaboration of manufacturers with the government to improve healthcare facilities

Market Challenges

Potential risks associated with overuse of medical oxygen concentrators & oxygen cylinders

Market Segmentation Analysis

Product: Increasing use of portable medical oxygen concentrators for in-home use
End-User: Emerging adoption of medical oxygen concentrators and cylinders at hospitals, clinics, and home

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Medical Oxygen Concentrators & Oxygen Cylinders Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Medical Oxygen Concentrators & Oxygen Cylinders Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Inogen Completes Acquisition of Physio-Assist

Inogen, Inc. has acquired Physio-Assist SAS, further expanding its innovative respiratory product portfolio. Inogen, a renowned global medical technology company, specializes in developing and manufacturing portable oxygen concentrators. This strategic acquisition strengthens Inogen's position in the homecare setting. By integrating Physio-Assist SAS into its operations, Inogen can enhance its capabilities in providing high-quality respiratory products and services to patients worldwide.

VARON Launches the Game-changer in the Field--New VP Series Portable Oxygen Concentrator with Increased Mobility and Convenience

VARON, a manufacturer of oxygen concentrators recently launched the VP-2, the latest addition to its VP series of portable oxygen concentrators. This cutting-edge device is equipped with innovative technology and advanced features, ensuring reliable and efficient oxygen therapy for patients always on the move. With its portable design and state-of-the-art capabilities, the VP-2 is the ideal solution for individuals needing continuous and convenient oxygen therapy.

React Health Acquires Invacare’s Respiratory Assets

React Health, a subsidiary of Ventec Systems acquired Invacare's respiratory assets, which include medical oxygen concentrators and cylinders. This strategic acquisition positions React Health as a comprehensive provider of end-to-end care for patients with cardiology, sleep, and respiratory illnesses. The acquired assets consist of a range of products, including the Platinum 5L Stationary Concentrator, Platinum 10L Concentrator, Platinum POC (Portable Oxygen Concentrator), HomeFill Equipment/Cylinders, Pediatric Oxygen Flow Meter, Oxygen Analyzer, as well as various service parts and accessories.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Medical Oxygen Concentrators & Oxygen Cylinders Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Medical Oxygen Concentrators & Oxygen Cylinders Market, highlighting leading vendors and their innovative profiles. These include Air Products Inc., AMS Composite Cylinders, ARYA BioMed Corp., Caire Inc. by Niterra Group, Chaban Medical Ltd., Cobham Limited, DeVilbiss Healthcare GmbH, GCE Group AB, GVS S.p.A., Inogen Inc., Invacare Corporation, Koninklijke Philips N.V., Linde PLC, Luxfer Gas Cylinders, Microteck Systems & Solution, Narang Medical Limited, Nidek Medical Products, Inc., O2 Concepts, LLC, OxyGo, LLC, OxyMed, ResMed Inc., VARON, VitalAire Canada Inc., WEINMANN Emergency Medical Technology GmbH + Co. KG, and Yuwell-Jiangsu Yuyue medical equipment & supply Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Medical Oxygen Concentrators & Oxygen Cylinders Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
Oxygen Cylinders
Portable Medical Oxygen Concentrators & Oxygen Cylinders
Stationary Medical Oxygen Concentrators & Oxygen Cylinders
Technology
Continuous Flow
Pulse Flow
End-Use
Home Care
Non Homecare
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

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