According to the research report titled ‘Global Oxygen Concentrator Market Analysis By Product Type, By Flow Level, By End User, By Region, and By Country (2020 Edition): Market Insights and Outlook Post Covid-19 Pandemic (2020-2025) –‘, available with Market Study Report, oxygen concentrator market generated revenues worth USD 1784.66 million in 2019 and is anticipated to showcase high CAGR between 2020 and 2025.
 

Increasing pervasiveness of COPD and stroke as well as lung and respiratory diseases along with rising elderly population are prime factors fueling the growth of worldwide oxygen concentrator market. Growing investments by leading companies towards integrating advanced technology to provide high quality products and services to healthcare institutes is further aiding the market expansion. Rising prevalence of COVID-19 is fostering the demand for oxygen concentrators across the globe, which in turn is stimulating the industry remuneration.
 

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Based on product landscape, global oxygen concentrator market is segmented into standing and portable. The report states that portable oxygen concentrators market segment is predicted to expand significantly during the forecast years.
 

High occurrence of coronavirus has compelled various manufacturers to focus on collaborating with doctors and hospitals in order to cater to the growing demand. Additionally, easy availability of the product is contributing towards the popularity of portable oxygen concentrators across the globe, thereby fueling the segmental share.
 

As per flow level, the market is bifurcated into above 10 LPM, 5-10 LPM, and 0-5 LPM. According to the report, 0-5 LPM segment is expected to hold a majority market share by the end of the forecast period, followed by 5-10 LPM segment, primarily due to high demand for such products for COVID-19 patients. Various governments are collaborating with manufacturers in order to provide high volume of oxygen concentrators in hospital and healthcare institutes.
 

The end-user landscape of global oxygen concentrator market comprises of homecare, clinics, hospitals, and others. The homecare segment is anticipated to witness high CAGR through 2027.
 

Regionally, the report claims that North America is expected to account for a significant market share by the year 2025, followed by Europe and Asia-Pacific respectively. High concentration of major manufacturers who are focusing on improving their production capacities are swaying the business dynamics in North America. Rising number of COVID-19 patents in the U.S. in tandem with increasing investments by private entities towards expanding their product portfolio are also augmenting the regional demand for oxygen concentrators.
 

The major companies operating in global oxygen concentrator market are Supera Anesthesia Innovations, Nidek Medical Products Inc., DeVilBiss Healthcare LLC, Linde plc, GCE Holding AB, Teijen Limited, Inogen, Invacare Corporation, ResMed, and Koninklijke Philips N.V. among others.