Global Oxygen Concentrators Market- Regional Analysis
Among regions, North America is estimated to hold a dominant position in the global oxygen concentrators market over the forecast period. North America is estimated to hold 33.5% of the market share in 2023. The global oxygen concentrators market is expected to witness significant growth in the coming years, driven by increasing inorganic strategies such as acquisition by key players, which is contributing to the growth of the oxygen concentrators market in the North America region. For instance, in May 2021, OxyGo LLC, one of the leaders in lightweight portable oxygen concentrators based in the U.S., announced that it had acquired LIFE Corporation, a manufacturer of medical devices that specializes in portable emergency oxygen and CPR administration equipment. This acquisition will help OxyGo LLC expand its oxygen expertise even further by providing the best products and services, thereby driving demand for oxygen concentrators in the U.S.
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