Japan Oxygen Concentrators Market Size & Outlook
Japan oxygen concentrators market, 2018-2030 (US$M)
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Japan oxygen concentrators market highlights
- The Japan oxygen concentrators market generated a revenue of USD 153.5 million in 2023 and is expected to reach USD 213.4 million by 2030.
- The Japan market is expected to grow at a CAGR of 4.8% from 2024 to 2030.
- In terms of segment, portable medical oxygen concentrators was the largest revenue generating product in 2023.
- Portable Medical Oxygen Concentrators is the most lucrative product segment registering the fastest growth during the forecast period.
Oxygen concentrators market data book summary
| Market revenue in 2023 | USD 153.5 million |
| Market revenue in 2030 | USD 213.4 million |
| Growth rate | 4.8% (CAGR from 2023 to 2030) |
| Largest segment | Portable medical oxygen concentrators |
| Fastest growing segment | Portable Medical Oxygen Concentrators |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Portable Medical Oxygen Concentrators, Fixed/Stationary Medical Oxygen Concentrators |
| Key market players worldwide | Inogen Inc, Philips, Koninklijke Philips NV, Niterra Co Ltd, DeVilbiss Healthcare, React Health, Nidek Medical, O2 Concepts |
Other key industry trends
- In terms of revenue, Japan accounted for 4.3% of the global oxygen concentrators market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China oxygen concentrators market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 213.8 million by 2030.
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Oxygen Concentrators Market Scope
Oxygen Concentrators Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan oxygen concentrators market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to oxygen concentrators market will help companies and investors design strategic landscapes.
Portable medical oxygen concentrators was the largest segment with a revenue share of 54.79% in 2023. Horizon Databook has segmented the Japan oxygen concentrators market based on portable medical oxygen concentrators, fixed/stationary medical oxygen concentrators covering the revenue growth of each sub-segment from 2018 to 2030.
Key factors influencing market growth include rapidly increasing geriatric population and high life expectancy. The elderly population is prone to develop respiratory disorders and have trouble breathing which is expected to drive the market for medical concentrators in the region.
Rapid technological advancements and emergence of new distribution modalities that leverage home healthcare services are key factors contributing to market growth.
In Japan, there has been a considerable improvement in the financial capability of the elderly to support themselves, owing to public pension system expansion, availability of universal medical insurance and Long-Term Care Insurance (LTCI) in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan oxygen concentrators market , including forecasts for subscribers. This country databook contains high-level insights into Japan oxygen concentrators market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan oxygen concentrators market size, by product, 2018-2030 (US$M)
Japan Oxygen Concentrators Market Outlook Share, 2023 & 2030 (US$M)
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