Dublin, July 06, 2021 (GLOBE NEWSWIRE) -- The "North America Oxygen Concentrators Market Size, Share & Trends Analysis Report by Product (Portable, Fixed), Application, Technology (Continuous Flow, Pulse Flow), Region, and Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com's offering.
The North America oxygen concentrators market size is expected to reach USD 2.5 billion by 2028, expanding at a CAGR of 10.7% from 2021 to 2028.
The growing prevalence of Chronic Obstructive Pulmonary Disease (COPD) along with other lung diseases is a major parameter driving the market. According to the Centers for Disease Control and Prevention, 9 million people suffered from chronic bronchitis and 3.8 million from emphysema in 2018 in the U.S.
Moreover, 3.8 million people in Canada had asthma and 2.0 million people had COPD in 2018, according to the Government of Canada. The use of supplemental oxygen increases the survival rate of COPD patients. Thus, the increasing dependence of COPD patients on O2 concentrators is driving the market.
The increasing number of initiatives to promote awareness of lung diseases as well as the importance of O2 generators are contributing to the growth of the market. For instance, the American Lung Association works to create awareness of COPD and increase federal funding for research and development.
Furthermore, the National Institute of Health sponsors a nationwide awareness campaign "Learn More, Breathe Better", which encourages the population over the age of 45 years who are at risk of experiencing symptoms of COPD to have a diagnostic breathing test, and consult the medical professionals for treatment options.
Moreover, technological advancements and the easy availability of a large variety of O2 concentrators are driving the market. For instance, in July 2020, GCE introduced a series of Fixed Medical Oxygen Concentrators including M50, EC-E100, and OC-E 80 for patients requiring long-term oxygen therapy.
The sudden outbreak of the COVID-19 pandemic has increased the demand for respiratory care products. Low blood oxygen level is one of the effects of COVID-19 and patients require oxygen support for recovery. Additionally, the U.S. Food and Drug Administration has allowed the usage of O2 generators under the Emergency Use Authorization scheme. This, in turn, is estimated to drive the market.
North America Oxygen Concentrators Market Report Highlights
The portable product segment dominated the market and accounted for the largest revenue share of 51.6% in 2020
The home care segment dominated the market and accounted for the largest revenue share in 2020 and is projected to expand at the fastest CAGR during the forecast period
The continuous flow segment dominated the market and accounted for the largest revenue share of 51.5% in 2020, whereas the pulse flow segment is projected to expand at the fastest CAGR during the forecast period
Key Topics Covered:
Chapter 1 Methodology and Scope
1.1 Market Segmentation and Scope
1.2 Market Definition
1.3 Research Methodology
1.4 Research Scope and Assumptions
1.5 List to Data Sources
Chapter 2 Executive Summary
2.1 North America Oxygen Concentrators Market Outlook
2.2 North America Oxygen Concentrators Market Segment Outlook
2.3 North America Oxygen Concentrators Market Competitive Insight
2.4 North America Oxygen Concentrators Snapshot
Chapter 3 North America Oxygen Concentrators Market Variables, Trends, & Scope
3.1 Oxygen Concentrators Market Snapshot
3.2 Penetration and Growth Prospect Mapping
3.3 Market Dynamics
3.4 North America Oxygen Concentrators Market Analysis Tools
3.5 Oxygen Concentrators Competitive Landscape: Market Position Analysis
3.6 Medical Oxygen Concentrator Market: Product Pipeline Analysis
3.7 Medical Oxygen Concentrator Market: Medicare Claim Data
3.8 North America Fixed Medical Oxygen Concentrators Market Share
3.9 North America Portable medical oxygen concentrators market Share Analysis
Chapter 4 North America Oxygen Concentrators Market: Product Estimates & Trend Analysis
4.1 Definitions & Scope
4.2 North America Oxygen Concentrators Market: Product Market Share Analysis, 2020 and 2028
4.3 Portable medical oxygen concentrators
4.4 Fixed Medical Oxygen Concentrators
Chapter 5 North America Oxygen Concentrators Market: Application Estimates & Trend Analysis
5.1 Definitions & Scope
5.2 North America Oxygen Concentrators Market: Application Market Share Analysis
5.3 Home care
5.4 Non home care
Chapter 6 North America Oxygen Concentrators Market: Technology Estimates & Trend Analysis
6.1 Definitions & Scope
6.2 North America Oxygen Concentrators Market: Technology Market Share Analysis
6.3 Pulse Flow Technology
6.4 Continuous Flow Technology
Chapter 7 North America Oxygen Concentrators Market: Regional Estimates & Trend Analysis, By Product, Application, and Technology
7.1 North America Oxygen Concentrators Market: Regional Movement Analysis
7.2 North America
Chapter 8 Competitive Landscape
Koninklijke Philips N.V.
DeVilbiss Healthcare LLC
Nidek Medical Products, Inc.
Inova Labs Inc.
O2 Concepts, LLC
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