Oxygen Concentrators Market, By Modality [Portable and Stationary), By Technology (Pulse Flow and Continuous flow), By End User (Hospital, Home Care and Ambulatory Surgical Centers), and By Geography (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Published In : Sep 2023

Code : CMI198

Pages :178

Formats :

Excel and PDF

Industry : Medical Devices

Market News

Global Oxygen Concentrators Market: Key Developments

In March 2022, GRS India, a Department for Promotion of Industry and Internal Trade (DIPP) of the Government of India, designed Oxygen Plus, the field-portable smart bag-pack emergency oxygen concentrator. The product, suitable for easy transportation in the hilly terrains of the North East, will be manufactured at the North East Centre for Technology Application and Reach (NECTAR).

In April 2019, Inogen launched Inogen One G5, a lightweight portable oxygen concentrator that offers users greater freedom and mobility. It features extended battery life and various flow settings, making it suitable for a wide range of oxygen therapy needs.

In August 2020, GCE Healthcare, one of the subsidiaries of GCE Group, introduced the Zen-O Lite portable oxygen concentrator. The concentrator is known for its simplicity, weighing only 5.5 pounds and offering up to 1050 ml/min of oxygen flow.

In May 2021, GiveIndia, a non-profit organization in India, announced its partnership with the Ola Foundation, a not-for-profit organization working on empowering women and vulnerable groups and communities across the urban-rural continuum, to provide consumers with oxygen concentrators for free through the Ola app. With up to 10,000 concentrators, Ola and GiveIndia will scale it up across the nation in the upcoming weeks.

Such launches are estimated to propel the segment's growth during the forecast period.

Global Oxygen Concentrators Market: Key Trends

Introduction of oxygen concentrators with advanced technology: The introduction of oxygen concentrators with advanced technology in the market is expected to drive growth of the global oxygen concentrators market over the forecast period. For instance, on July 19, 2023, VARON, one of the leading oxygen concentrator manufacturer, announced the launch of a new member of the VP series, the VP-2, a portable oxygen concentrator that incorporates innovative technology and advanced features. The VP-2 has user-friendly controls, a replaceable battery, and additionally a dual oxygen supply mode to traditional pulse flow oxygen supply when no inhalation is detected, which automatically releases oxygen every 3 seconds.