Top 10 Companies in Oxygen Concentrator Market - Company Overview, Recent Developments and SWOT Analysis 2030
An Oxygen Concentrator is a type of medical device used to deliver oxygen to individuals with respiratory disorders, there are two types of oxygen concentrators; stable nucleus. Individuals whose blood oxygen concentration is lower than normal may need an oxygen concentrator to replenish oxygen. An oxygen concentrator is a system that selectively removes nitrogen from a gas supply (usually ambient air) to produce an oxygen-rich product gas stream. They consume nitrogen and produce 90-95 percent oxygen from room air. This process provides the large amount of oxygen needed for oxygen therapy, nuclei can be large and stationary or small and portable. Oxygen concentrators can be used in the user's home or clinical environment to meet oxygen requirements. Patients who require supplemental oxygen for respiratory diseases such as bronchitis, emphysema, lung cancer, or acute pneumonia use oxygen concentrators. Long-term use of supplemental oxygen has increased the survival rate of chronic obstructive pulmonary disease (COPD) patients. Consequently, increasing prevalence of COPD and other lung diseases, as well as dependence of COPD patients on oxygen therapy products, is driving the demand for oxygen concentrators and cylinders. Increasing prevalence of chronic obstructive pulmonary disease and growing geriatric population are expected to drive the growth of the global medical oxygen concentrator market over the forecast period.
Here are the top 10 companies operating in Oxygen Concentrator Market
Chart Industries, Inc. operates as a global manufacturer of equipment used in the production, storage and end-use of hydrocarbons and industrial gases. The company sells products such as vacuum containment vessels, heat exchangers, cold boxes and other cryogenic components. The company is a leading global manufacturer of highly engineered equipment serving a wide range of applications in the clean energy and industrial gas markets. The company, founded in 1859 and based in Ball Ground, Georgia, delivers the most advanced protection solutions to people around the world. In 2022, Chart Industries, Inc. In November announced an agreement to further collaborate on equipment for the storage and transportation of liquid carbon dioxide use of sustainable energy solutions, a division of Chart Industries, to deploy cryogenic carbon capture technology at concrete facilities globally. Chart Industries has introduced various new products with rapid deployment to the market. In November 2022, Chart Industries has announced an agreement with Carbon Cure technologies to further collaborate on equipment for storage and transportation of liquid carbon dioxide.
Inogen, Inc. develops, manufactures and markets portable oxygen concentrators that are used to provide long-term oxygen therapy to patients suffering from respiratory conditions involving the lungs. The company offers the Inogen One, a portable device that concentrates a patient's ambient air to provide a source of supplemental oxygen; Inogen at Home Stationary Oxygen Generator; Inogen Tidal Assist Ventilator and related equipment. The company leases its products directly to patients, this company was developd among 2001 and is headquartered in Goleta California. In 2022, Inogen, Inc., a medical technology company that offers innovative respiratory products for use in the homecare setting, Inogen has announced the appointment of Glenn Boehnelin, Kevin King and Marie as Broad Off Directors in November.
Koninklijke Philips NV is a health technology company focused on improving people's health, from healthy living and prevention, to diagnostic treatments and home care. Koninklijke Philips NV is a technology company, involved in the healthcare, lighting and consumer welfare markets. It operates through the following segments: Diagnostic and Treatment Business; connected care businesses; Personal health professions and others. In February 2019, Royal Philips announced a no-cost EMI offer on products in the Unser Respironics range of sleep and respiratory solutions.
ResMed Inc. It is a San Diego, California-based medical device company that provides cloud-connectable medical devices for the treatment of sleep apnea (such as CPAP devices and masks), chronic obstructive pulmonary disease (COPD), and other breathing conditions. The company operates in more than 140 countries worldwide and has manufacturing facilities in Australia, Singapore, France and the U.S. ResMed has manufactured thousands of ventilators and bilevel devices to help treat respiratory symptoms in COVID-19 patients. In 2022, ResMed, a global leader in digital health, connected sleep and respiratory care is reinforcing its commitment of Sandeep Gulati as general Manager, South Asia.
Nidek Medical Products, Inc. manufacturing medical equipment, the company offers oxygen concentrators, including cylinder filling stations and compressor-driven nebulizer pumps, as well as replacement services. It offers products like Nuvo Family, Max 30, Nano, Pulmo-Mist and many more. Nidek manufactures and sells oxygen concentrators typically used for home oxygen therapy and sells them primarily to healthcare and durable medical device companies, Nidek Medical Products serves customers in the U.S. In 2021, Nidek Medical Products Incorporated was one of the 31 honorees recognized by the US Department of Commerce for their continuing ecognition of noteworthy export promotion efforts & contributing significantly in the effort to increase U.S. exports.
Oxygen Concentrator Market is estimated to be US$ 3.97 billion by 2030 with a CAGR of 8.9% during the forecast period
Linde Plc., is the manufacturer and distributor of atmospheric gases, also offer products in healthcare, aerospace, petroleum refining, fiber optics, food & beverage carbonation, steel making, electronics, chemicals, material handling equipment, and water treatment industries. This company supplies products including medical gas, industrial gas, air separation physical plant engineering, and logistics services. The primary business of company is manufacturing & distributing atmospheric gases which includes, nitrogen, oxygen, argon, and rare gases. The process gases includes, hydrogen, carbon-dioxide, ammonia, helium, acetylene, specialty gases and electronic gases. In 2022, Linde Plc., has signed an agreement with leading semiconductor manufacturer in Singapore. Linde will build and operate ‘SPECTRA’ generator for producing ultra-high-purity oxygen & nitrogen for consumer’s new plant.
Teijin Ltd., is the manufacturer & seller of chemicals & chemical based products. The company offer products in electronics, healthcare, etc., it also offer polymer products, and advanced fibers, and composites product. The company is the seller of pharmaceutical products which are used in treating joint, bone, cardiovascular and respiratory diseases. In 2017, Teijin Pharma & SRETT has signed an exclusive distribution agreement for respiratory remote-monitoring device ‘TeleOx’ which will help in monitoring patients respiratory functions in oxygen therapy remotely.
O2 Concept LLC., is the medical equipment manufacturing company. O2 Concepts is the first manufacturer for creating smart POC integrated over Verizon network which benefits patients and dealers. O2 Concepts products are made in United States of America. In 2022, O2 Concept LLC., has launched new ‘Oxlife Liberty’ a portable oxygen concentrator which helps in delivering pulse dose oxygen and continuous flow by providing twice the pulse dose oxygen compared to other devices in market. O2 Concepts has proven best-in-class reliability, year after year. Each product of O2 Concept POC is built durably with best-in-class components for ensuring long term performance, reliable, and provides support from their industry leading customer service, product warranties and expert support. O2 Concepts 24/7 single solution oxygen therapy – ‘Oxlife INDEPENDENCE has supported continuous flow up to 3.0 LPM and 12 pulse dose settings which has meet long term oxygen therapy requirements without any need of an additional stationary oxygen concentrator.
Invacare Corporation is American Company, Invacare Corporation is the manufacturer, distributor of non-acute medical equipment. Invacare Corporation., supplies around 25,000 medical equipment to more than 80 countries all over the world. In 2018, Invacare launched new multimedia respiratory campaign which was focused on rising awareness about POCs (portable oxygen concentrators), and to increase the access to its equipment. The campaign has tout Invacare’s Platinum Mobile Oxygen Concentrator which encourage active lifestyle. In 2017, Invacare has expanded Healthcare Informatics Platform to Oxygen Technology which includes launch of enhanced Invacare Platinum Mobile Oxygen Concentrator with connectivity. It will be useful for home medical equipment providers, and respiratory end-user
Drive DeVilbiss Healthcare Ltd., is a leading manufacturer of durable medical equipment all over the world. The company offers a range of medical equipment with innovation, value and functionality. The company provides highest quality of products across broad spectrum of need of healthcare with unparalleled customer support and excellent values. In 2020, Drive DeVilbiss Healthcare has partnered with Amazon Business for supplying ventilation product in response to COVID-19 pandemic. The newly INTELLIPAP Bilevel ST device help in providing non-invasive ventilator support to patients who suffer with OSA (obstructive sleep apnea), respiratory insufficiency, and COPD (chronic obstructive pulmonary disease).