Medical Oxygen Concentrators Market Analysis

The market is segmented by product into portable and fixed oxygen concentrators, out of which, the portable segment is anticipated to hold the largest share in the oxygen concentrators market on account of rising occurrence of diseases such as asthma, pneumonia and other respiratory disorders, and high adoption of these concentrators in countries with high geriatric population. Additionally, increasing number of air passengers is also assessed to fuel growth of this market segment in the future. As per the data provided by the World Bank, the total number of air passengers are observing a hike since the last 5 years. In 2019, the number was reported to be 4.397 billion. Moreover, on the basis of end users, the segment for homecare settings is projected to witness the largest market share owing to the increasing demand for home healthcare-based oxygen therapies and improvement in standard of living in developed countries. 

Our in-depth analysis of the global market includes the following segments