Latin America Oxygen Concentrators Market Size & Outlook
Latin America oxygen concentrators market, 2018-2030 (US$M)
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Latin America oxygen concentrators market highlights
- The Latin America oxygen concentrators market generated a revenue of USD 202.7 million in 2023.
- The market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, fixed/stationary 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.
- Country-wise, Colombia is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 202.7 million |
| Market revenue in 2030 | USD 288.7 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Fixed/stationary medical oxygen concentrators |
| Fastest growing segment | Portable Medical Oxygen Concentrators |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 5.7% of the global oxygen concentrators market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,176.1 million by 2030.
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Oxygen Concentrators Market Scope
Oxygen Concentrators Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America 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.
Fixed/stationary medical oxygen concentrators was the largest segment with a revenue share of 78.89% in 2023. Horizon Databook has segmented the Latin America 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.
The incidence of COPD and other respiratory problems in the country is lower than that in the U.S. or Europe but is increasing at a considerable rate. Concerted efforts have been taken to overcome these issues, which are expected to drive the market during the forecast period. The prominent role of technological developments is equally expected to propel market growth.
However, slow growth of home healthcare service providers and insufficient infrastructure are barriers that may impede the ability of many Latin American countries to access timely and optimal care in diagnostic procedures.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America oxygen concentrators market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America oxygen concentrators market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America oxygen concentrators market size, by country, 2018-2030 (US$M)
Latin America Oxygen Concentrators Market Outlook Share, 2023 & 2030 (US$M)
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