O2-therapy-devices

 

The market for portable oxygen concentrators continues to grow at double digit rates, with the share of
ambulatory oxygen therapy patients on portable oxygen concentrators increasing steadily.

The overall oxygen therapy market is broken into 6 types of devices:

  • concentrators
  • liquid oxygen
  • conservers
  • regulators
  • transfilling devices
  • aluminum medical oxygen cylinders

Oxygen-therapy-devices

 

Over the long term, the overall oxygen therapy market devices is expected to exhibit strong growth,
driven by the increase in COPD patients and a growing clinical awareness of the benefits of oxygen
therapy.

COPD includes chronic obstructive bronchitis, a persistent swelling of the bronchi, and emphysema,
characterized by a gradual deterioration of the tissue that supports the shape and function of the lungs. The
disease is predicted by the World Health Organization (WHO) to be the third leading cause of death
worldwide by 2030.

Within this market, more traditional segments, including the market for aluminum oxygen cylinders, are
contracting. In addition, there have been significant changes in the competitive composition of the
cylinder market, with important players re-evaluating their strategies in this declining segment.

Conversely, relatively new therapies, including the use of portable oxygen concentrators, are witnessing
increased adoption. If current trends continue, portable oxygen concentrators are expected to replace
oxygen cylinders as the primary method of care for ambulatory oxygen therapy patients. The portable
oxygen concentrator market is expected to grow at a CAGR of 13.9% over the forecast period.

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