Market revenue in 2023 | USD 1,347.3 million |
Market revenue in 2030 | USD 1,942.8 million |
Growth rate | 5.4% (CAGR from 2023 to 2030) |
Largest segment | Portable 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 |
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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 54.78% in 2023. Horizon Databook has segmented the North 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.
Increasing geriatric population in the region is one of the significant drivers attributing to its large share. According to data published by the UN, in 2014, it was estimated that over 70 million people in North America were above 60 years of age.
Furthermore, government initiatives such as the authorized use of portable oxygen concentrators during air travel by the Federal Aviation Administration (FAA) and increasing prevalence of severe Chronic Obstructive Pulmonary Disorder (COPD) due to unhealthy lifestyle are the factors contributing to its leading share.
Additionally, rapid technological developments, increasing disposable income, local presence of key global players, and favorable reimbursement policies are expected to boost demand during the forecast period.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America oxygen concentrators market , including forecasts for subscribers. This continent databook contains high-level insights into North America oxygen concentrators market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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