According to the latest business intelligence report titled ‘Global Oxygen Concentrator Market - Analysis By Product Type, By Flow Level, By End User, By Region, and By Country: Market Insights and Outlook Post Covid-19 Pandemic (2020-2025)’, available with Market Study Report, global oxygen concentrator market size was valued USD 1784.66 million in 2019 and is anticipated to expand at healthy growth rate over 2020-2025. 
 

Proliferating cases of respiratory and lung diseases such as COPD and strokes and inflating geriatric population who are at an increased risk of acquiring such ailments are the major growth propellants of global oxygen concentrator market, cites the study.
 

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Moreover, growing investments by companies towards providing latest technology to hospital and others healthcare establishments is adding considerable traction to the overall industry growth. Besides, increasing collaboration between manufacturers and healthcare professional to understand the specific demand and requirements is rendering a positive impact on the industry outlook. Apart from this, alarming rise in the number of coronavirus infections across the globe is strengthening the demand for oxygen concentrators.
 

Based on the product type, global oxygen concentrator market is fragmented into portable and standing, among which, the former segment is slated to grow significantly in the upcoming years.
 

In terms of flow level, the market is categorized into 0-5 LPM, 5-10 LPM, and above 10 LPM. Among these, 0-5 segment is expected to the lead the industry growth, followed by 5-10 LPM segment.
 

With respect to the end-user spectrum, the industry is fragmented into hospitals, homecare, clinics, and others.
 

As per the regional analysis, North America is the leading contributor to global oxygen concentrator industry remuneration, trailed by Europe and Asia Pacific. Industry experts cite that North America market will continue to experience robust growth during the forecast period due to strong presence of prominent manufacturers in the region. Moreover, mounting cases of Covid-19 cases in the United States, and hefty investments in expanding product portfolio by manufacturers are the other factors supporting the regional market growth.
 

Speaking of the competitive landscape, Supera Anesthesia Innovations, Nidek Medical, DeVilbiss Healthcare, LLC, Linde plc, GCE Group, Teijin Ltd., Inogen, Invacare Corp., ResMed, Koninklijke Philips N.V. are the top contenders in global oxygen concentrator industry sphere.