According to a 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, global oxygen concentrator market was worth USD 1784.66 million in 2019, and is projected to record a healthy growth rate over the forecast period 2020-2025.
 

Report findings claim that rising prevalence of diseases such as COPD (chronic obstructive pulmonary disease), respiratory & lung diseases, and strokes are stimulating worldwide oxygen concentrator market growth. Moreover, the coronavirus pandemic swarming economies all across the world, is causing a sharp rise in overall industry demand.
 

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Meanwhile, heavy investments towards incorporating high quality products in hospitals and healthcare units, entry of new players from various industries, and increasing collaboration between governments and manufacturers to address the unmet medical needs are enhancing the market outlook.
 

Based on product type, the industry is classified into standing, and portable. Among these, portable oxygen concentrator segment is projected to capture a majority market share during the forecast period 2020-2025. This can be credited to the availability of a wide array of product offerings, and strategic collaborations between manufacturers, hospitals and doctors to better understand the demands of patients, especially those suffering from COVID-19.
 

By flow level, global oxygen concentrator industry segmentation comprises 0-5 LPM, 5-10 LPM, and above 10 LPM variants. Of these, 0-5 LPM flow oxygen concentrator segment, followed by 5-10 LPM flow concentrator segment accounted for a major portion of industry share, chiefly triggered by the mounting demand from hospitals which are involved in treating patients diagnosed with COVID-19.
 

Moving on to end-user scope, the business vertical is split into clinics, hospitals, homecare, and others. Expert analysts cite that the homecare segment held considerable market share in the recent past and is expected to record a healthy growth rate in the upcoming years, largely fueled by the Covid-19 pandemic.
 

From a regional frame of reference, North America, Europe and Asia Pacific are estimated to capture substantial industry share owing to the presence of several global manufacturers, increasing number of coronavirus patients in the U.S, and significant inflow of investment for product portfolio expansion by manufacturers in these regions.
 

Prominent players in global oxygen concentrator marketplace are Supera Anesthesia Innovations, Nidek Medical Products Inc., DeVilbiss Healthcare LLC, Linde plc, GCE Group, Teijin Ltd., Inogen Inc., Invacare Corp., ResMed Corp., and Koninklijke Philips N.V.