An oxygen concentrator is a medical device that provides a concentrated flow of oxygen to a patient. It works by filtering the air from the surrounding environment and removing nitrogen, so that the remaining air is rich in oxygen. This purified oxygen is then delivered to the patient through a nasal cannula or mask. The device is commonly used for patients with respiratory conditions that require supplemental oxygen.
The growth of the global oxygen concentrators market is attributed to increase in incidence of chronic diseases such as cancer, respiratory diseases, cardiovascular diseases, and others, that bolsters the market of oxygen cylinders. Moreover, the COVID-19 outbreak is the major factor driving the growth of the global oxygen concentrators market.
The global Oxygen Concentrators Market was estimated at $3.30 billion in 2020 and is expected to hit $6.06 billion by 2030.
- CAGR: 90%
- Current Market Size: USD 3.30 Billion
- Forecast Growing Region: APAC
- Largest Market: North America
- Projection Time: 2020– 2030
- Base Year: 2019
- Report Key Pointer: COVID-19 Outbreak & Impact
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Daily exposure to environmental pollution, increase in population susceptible to indoor air pollutants, and rise in number of active smokers across the world drive the growth of the global oxygen concentrators market. On the other hand, stringent regulatory procedures and high costs of oxygen concentrators restrain the growth to some extent. However, high growth potential in emerging markets and upsurge in geriatric population are expected to create lucrative opportunities in the industry.
Oxygen concentrators are used in several different segments, including:
- Home healthcare: For patients who require long-term oxygen therapy and need a reliable source of oxygen at home.
- Hospitals and clinics: Used as a portable and convenient source of supplemental oxygen for patients during their stay.
- Emergency medical services (EMS): Used by paramedics and other first responders to provide oxygen to patients during transport.
- Aviation: Used by some airlines to provide oxygen to passengers with respiratory problems during flights.
- Industrial and commercial applications: Used in industries and businesses where oxygen enrichment is required for processes such as welding and metal fabrication.
The technology used in oxygen concentrators has advanced significantly over the years, with new features and improvements being added to make them more efficient and user-friendly. Some of the latest updates in oxygen concentrator technology include:
- Improved energy efficiency: Newer oxygen concentrators are designed to consume less power, making them more energy-efficient and cost-effective.
- Lightweight and portable design: With advances in materials and manufacturing technology, newer oxygen concentrators are lighter and more compact, making them easier to carry and transport.
- Advanced filtration systems: Improved filtration systems in oxygen concentrators can remove more impurities from the air, resulting in higher-quality oxygen for the patient.
- User-friendly interfaces: Oxygen concentrators now come with digital displays, touchscreens, and other user-friendly interfaces, making it easier to monitor and control oxygen flow.
- Increased oxygen output: Advances in compressor technology have allowed for the development of oxygen concentrators that can produce higher oxygen flows, making them suitable for patients with more severe respiratory problems.
What is the difference between an oxygen concentrator and an oxygen generator?
An oxygen concentrator and an oxygen generator are two different devices that are used to deliver oxygen to patients with respiratory problems. However, there are several key differences between the two:
- Source of oxygen: An oxygen concentrator filters the air from the surrounding environment and removes nitrogen, so that the remaining air is rich in oxygen. An oxygen generator, on the other hand, creates oxygen through a chemical process.
- Oxygen purity: Oxygen concentrators provide higher-purity oxygen than oxygen generators, as they filter out impurities from the air.
- Maintenance: Oxygen concentrators require less maintenance than oxygen generators, as they have fewer moving parts and don’t require chemical replacement.
- Cost: Oxygen concentrators tend to be more expensive than oxygen generators, as they are more complex and require more advanced technology.
- Portability: Oxygen concentrators are usually larger and heavier than oxygen generators, making them less portable. Oxygen generators are more compact and can be easily transported.
In general, oxygen concentrators are used for long-term oxygen therapy, while oxygen generators are used for short-term or emergency situations where a portable and compact oxygen source is required.
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Key players in the industry-
- Koninklijke Philips N.V.
- Invacare Corporation
- DeVilbiss Healthcare LLC
- Inogen, Inc.
- Chart Industries, Inc. (AirSep)
- Nidek Medical
- O2 Concepts
- Teijin Limited
- Supera Anesthesia Innovations
- GCE Group
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