United States Oxygen Concentrators Market to Grow at a Significant Rate through 2026
Rapid growth of geriatric population and
high healthcare expenditure is expected to drive United States oxygen
concentrators market for the forecast period.
According to TechSci Research report, “United
States Oxygen Concentrators Market By Type (Portable v/s Stationary) By
Technology (Pulse Flow, Continuous Flow, Continuous/Pulse) By Flow-rate
(0-5l/min, 5-10l/min, Above 10l/min) By Source (Import v/s Domestic) By
Application (COPD, Pneumonia, COVID-19, Hypoxemia, Others) By End Users
(Hospitals & Clinics, Ambulatory Care Centers, Home Care) By Company, By
Region, Forecast & Opportunities, 2026”, the United States oxygen concentrators
market is expected to witness significant growth for the next five years. An
oxygen concentrator is a device that concentrates oxygen from the gas supply by
selectively removing the nitrogen for supplying an oxygen-enriched product gas
stream. Increasing prevalence of COPD, respiratory distress syndrome, asthma
and respiratory diseases are contributing significantly to the growth of the
oxygen concentrators market. Growth in home care oxygen concentrators due to
rising preference and high healthcare expenditure in home healthcare devices is
accelerating the oxygen concentrators market growth. Large old age population
is suffering from cardiopulmonary diseases is further fueling the demand for
oxygen concentrators in residential spaces. Occurrence of critical conditions
due to prevalence of respiratory disease disorders require continuous flow of
oxygen. During emergency situations need for continuous oxygen supply is
fostering the growth of the oxygen concentrators market.
The recent COVID-19 outbreak across the world
which has been declared as pandemic by World Health Organization has affected
countries adversely. Leading authorities in United States imposed lockdown
restrictions and released a set of precautionary measures to contain the spread
of novel coronavirus. Coronavirus affected patients started suffering from
shortness of breath along with coughing and sneezing which created lucrative
opportunities for the growth of the oxygen concentrators market. United States
authorities increased the capacity of hospitals as a greater number of patients
were getting affected on a daily basis and getting admitted into the hospital
facilities. The demand for oxygen concentrators is on peak during this time due
to increasing need for oxygen concentrators as oxygen is dropping down to lower
levels in patients suffering from coronavirus. Oxygen concentrators market in
United States is expected to witness significant growth for this period for the
treatment of coronavirus.
However, manufacturing and marketing standards
of oxygen concentrators may create hindrance in the growth of the oxygen
concentrators market.
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United States oxygen concentrators market is segmented into type,
technology, flowrate, source, application, end users, regional distribution,
and company. Based on type, oxygen concentrators market is bifurcated into portable
and stationary. The portable oxygen concentrator segment is expected to account
for major market share for the forecast period, 2022-2026. Benefits such as
ease of use, move according to patient’s convenience and lower weight than the
stationery oxygen concentrators. Based on application, market is divided into COPD,
pneumonia, COVID-19, hypoxemia, and others. The COVID-19 segment is expected to
register fastest incremental growth due to high prevalence of coronavirus
across United States. Rise in number of people getting affected results in
lower oxygen level in body which requires the support of supplement oxygen
thereby driving the growth of the oxygen concentrator market. COPD segment is
expected to largest market share for the forecast period due to changing
lifestyle and rise in smokers in United States. Also, the presence of large old
age population along with favourable healthcare policies is fostering the
growth of the oxygen concentrators market. Based on technology, market is
fragmented into pulse flow, continuous flow, and continuous/pulse. The
continuous flow segment is expected to dominate the oxygen concentrators market
for the next five years. Old age and bedridden patients require continuous flow
of oxygen. These are affordable over its other counterparts and rapid
technological development is driving the oxygen concentrators market growth.
Philips Healthcare (USA), Invacare Corporation, Inogen, Inc.,
NGK Spark Plugs (U.S.A.), Inc., Nidek Medical Products, Inc., Supera Anesthesia
Innovations, O2 Concepts, LLC, DeVilbiss Healthcare LLC are the leading players
operating in United States oxygen concentrators market. Manufacturers are
increasingly focusing on research and development process to fuel higher growth
in the market. To meet evolving customer demand with respect to better
efficiency and durability, several oxygen concentrators manufacturers are
coming up with their technologically advanced offerings.
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“High-end
investments by oxygen concentrator manufacturers to provide long battery life
to oxygen concentrators, miniaturization of cylinders, and integration of
membrane technology is expected to fuel the growth of oxygen concentrators
market. Shift of preference from traditional oxygen concentrators to portable
concentrators along with launch of new oxygen cylinders with enhanced
portability is expected to propel the United States oxygen concentrator market
growth until 2026”
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“United States
Oxygen Concentrators Market By Type (Portable v/s Stationary) By Technology
(Pulse Flow, Continuous Flow, Continuous/Pulse) By Flow-rate (0-5l/min,
5-10l/min, Above 10l/min) By Source (Import v/s Domestic) By Application (COPD,
Pneumonia, COVID-19, Hypoxemia, Others) By End Users (Hospitals & Clinics,
Ambulatory Care Centers, Home Care) By Company, By Region, Forecast &
Opportunities, 2026” has evaluated the future growth potential of United
States oxygen concentrators market and provided statistics & information on
market size, shares, structure and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities in the
of United States oxygen concentrators market.
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