India Oxygen Concentrator Market - Industry Trends & Forecast Report 2027 - PDF document

India Oxygen Concentrator Market Expected to Boom During the Forecast Period: Flourishing Demand Driving the Market India Oxygen Concentrator Market - Industry Trends & Forecast Report 2027 S ummary India Oxygen Concentrator Market, By Product Type (Portable Oxygen Concentrator, Stationary Oxygen Concentrator); By Application (Acute Medical Conditions, Chronic Disease s, Severe Acute Respiratory Syndrome Coronavirus 2 (Sars - Cov - 2)); By End - User (Hospital, Homecare, Clinic, Travel); By Region (North, South, East, West) Trend Analysis, Competitive Market Share & Forecast, 2017 - 2027 A recent study conducted by the strateg ic consulting and market research firm BlueWeave Consultin g revealed that the India oxygen concentrator market witnessed a huge surge in its revenue in the year 2020. It is estimated that the market will flourish during the forecast period as well owing to the growing demand for oxygen concentrators in the country. In India, a crippling second wave of coronavirus has left hospitals overwhelmed, with wides pread oxygen shortages. As a result, demand for oxygen cylinders has risen exponentially, which is expected to fuel market growth . Oxygen concentrators are medical devices that provide almost pure oxygen via tubes through the nose to those who suffer from respiratory problems. Oxygen concentrators are convenient to use and provide long - term benefits to the patients as they ensure a continuous supply of oxygen without the nee d to refill it time and again . View report Press release Sample report India Oxygen Concentrator Market Expected to Boom During the Forecast Period: Flourishing Demand Driving the Market India Oxygen Concentrator Market - Industry Trends & Forecast Report 2027 India’s oxygen concentrator market is growing at a healthy rate owing to the rise in COVID - 19 cases. Currently, the market is at a nascent stage, howe ver, it is expected to grow at an alarming rate during the forecast period, i.e., 2021 - 27. As the second wave of COVID - 19 hit the country and the cases of Sars - Cov - 2 swelled, the demand for oxygen cylinders has been rising tremendously. Furthermore, the ri sing prevalence of respiratory medical conditions like asthma, chronic obstructive pulmonary disease (COPD), etc. is fueling the demand for oxygen concentrators in India. At the same time, the Indian government's initiative to tackle India's oxygen crisis in the wake of the second wave of COVID - 19 in the country is propelling the sector forward. India Oxygen Concentrator Market - Overview An oxygen concentrator is a medical device that provides oxygen to patients with respiratory ailments. An oxygen concentrator splits up oxygen and nitrogen from ambient air, eliminates the nitrogen, and then provides patients with pure oxygen via a mask. T hese concentrators can purify and hold 90% to 95% of pure oxygen which can be provided to patients who are having breathing problems. It should be noted that oxygen concentrators are effective only in patients with mild breathing problems. It should not be given to someone admitted to ICU. India Oxygen Concentrator Market Forecast and Trends Growth Drivers Rising Prevalence of Chronic Obstructive Pulmonary Disease (COPD) Chronic Obstructive Pulmonary Disease (COPD) is a medical condition that causes airflow obstruction in the lungs, making it difficult to breathe. COPD is a common ailment among the elderly. However, due to increased exposure to irritants, it is becoming more common among the younger generation as well. Thus, the rising prevalence of COPD is fueling the demand for oxygen concentrators in India and is expected to witness growth during the forecast period. Government Initiatives for Expanding Production of Oxygen Concentrators India is suffering from a critical scarcity of oxygen cylinders and c oncentrators as a result of a catastrophic increase in COVID - 19 infections. The condition has deteriorated to the point that India is preparing to import over 10,000 oxygen concentrators. The scarcity arose from the lower production and lack of infrastruct ural development in this sector. Consequently, in order to deal with such India Oxygen Concentrator Market Expected to Boom During the Forecast Period: Flourishing Demand Driving the Market crises and avoid them in the future, the government has approved projects aimed at the growth of oxygen cylinder manufacturing plants. This aspect is expected to have a major impact on market growth. Restraints High Capital Involvement May Restrict the Market Growth The production and procurement of oxygen cylinders necessitate a significant capital expenditure, which will be a major impediment to the market's growth in India. Additio nally, the cost of capturing and converting O2 from the atmosphere involves intensive technology which adds up to the cost of the final product. Furthermore, a typical oxygen concentrator costs between USD 500 and USD 1200, which is far beyond the means of the average middle - class citizen. Its market growth would be limited due to its unaffordability to the general public. Impact of Covid - 19 on India Oxygen Concentrator Market India is one of the worst affected countries with the highest number of COVID cas es. India surpassed Brazil as the nation with the second - highest number of confirmed COVID - 19 cases in April 2021. With over 17,997,267 infections and over 201,000 deaths, India is currently the second - worst - hit country. In such a situation, the demand fo r oxygen concentrators is growing tremendously. Since oxygen supply companies and the government were unprepared for such an emergency, the availability of oxygen concentrators was limited, resulting in a massive demand and supply gap in the market that is becoming increasingly difficult to manage. However, it is expected that the market will flourish during the forecast period with proper planning and the establishment of more oxygen concentrator processing plants to meet current demands. India Oxygen Conc entrator Market - By Product Type Based on product type, India’s oxygen concentrators market is segmented into portable oxygen concentrators and oxygen concentrators. The portable oxygen concentrators registered the highest market demand in the year 2020 a nd are estimated to witness a promising surge in their CAGR during the forecast period. The portability of the device, which allows the user to take it anywhere, is a major factor that is driving the demand for portable oxygen concentrators. Furthermore, p ortable concentrators are especially beneficial for elderly people who do not always have someone by their side to carry these concentrators. India Oxygen Concentrator Market Expected to Boom During the Forecast Period: Flourishing Demand Driving the Market India Oxygen Concentrator Market - By Application Based on application the market is categorized into acute medical conditions, chronic diseases, and severe acute respiratory syndrome coronavirus 2 (Sars - Cov - 2). The demand for oxygen concentrators in the chronic disease segment was high till now. However, due to the coronavirus outbreak last year, these oxygen concentrators have become more commonly used in cases of Sars - Cov - 2. The COVID - 19 virus obstructs oxygen supply in both the upper and lower respiratory tracts. As a result, the virus - infected individ ual must voluntarily provide oxygen from the ambient environment, which is the primary purpose of oxygen concentrators. India Oxygen Concentrator Market - By End - User Based on end - users, the market is segmented into hospitals, home care, clinics, travel, a nd others. The number of emergency cases increased dramatically as the second wave of COVID - 19 became more deadly and directly infected the lungs, obstructing oxygen delivery. The sudden increase in demand for oxygen concentrators in hospitals was fueled b y patients rushing to the hospitals for immediate care. India Oxygen Concentrator Market - Regional Insights Geographically, India’s oxygen concentrator market is segmented into North, South, East, and West. Since Maharashtra is the worst affected state wi th the highest number of COVID - 19 cases all around the country, the Western part of India holds the largest share in the India oxygen concentrator market. Following the West, South India had the highest demand, with Karnataka, Kerala, Tamil Nadu, and Andhr a Pradesh being among the worst - affected states with COVID - 19. Competitive Landscape The leading market players IN the India oxygen concent rator market are Evox, GVS, Equinox, Eloxy, Oxymed, Nareena Lifesciences, BPL, Yuwell, Nidek Medical, SeQual Technologies, Caire, Invacare, Inogen, Philips Respironics, and other prominent players. The market seems to be promising for the new entrants as i t is still progressing and there are no giant companies present as of now. The companies present are adopting competitive strategies like partnerships, mergers, joint ventures and are working on expanding their production to meet the prevalent demand in th e country. India Oxygen Concentrator Market Expected to Boom During the Forecast Period: Flourishing Demand Driving the Market Recent Developments  In April 2021, Khalsa Help India (an international NGO that provides humanitarian aid in crisis areas around the world) has announced that Evox 5s oxygen concentrators will be given to Covid - 19 patients in home isolation i n the national capital. The Evox 5s oxygen generator can purify up to 96% of air and can hold up to 5 liters. It is 15 kilograms in weight and needs very little upkeep.  In April 2021, Indian government declared that one lakh portable oxygen concentrator s will be purchased and 500 oxygen generation plants will be set up with PM - CARES funds. Scope of the Report Attributes Details Years Considered Historical data – 2017 - 2020 Base Year – 2021 Forecast – 2021 – 2027 Facts Covered Revenue in USD Million Volume in Thousand Units Market Coverage North Region, South Region, West Region, and East Region Product Service/Segmentation By Product, By Application, By End - user, By Region Key Players Evox, GVS, Equinox, Eloxy, Oxymed, Nareena Lifesciences, BPL, Yuwell, Nidek Medical, SeQual Technologies, Caire, Invacare, Inogen, Philips Respironics, and other prominent players. India Oxygen Concentrator Market Expected to Boom During the Forecast Period: Flourishing Demand Driving the Market By Product Type  Portable Oxygen Concentrator  Stationary Oxygen Concentrator y Application  Acute Medical conditions  Asthma  Pneumonia  Respiratory Distress Syndrome (RDS)  Bronchopulmonary Dysplasia (BPD)  Chronic Diseases  Chronic obstructive pulmonary disease (COPD)  Cystic fibrosis  Severe Acute Respiratory Syndrome Coronavirus 2 (Sars - Cov - 2) By End - User  Hospital  Home care  Clinic  Travel  Others By Region  North  South  East  West India Oxygen Concentrator Market Expected to Boom During the Forecast Period: Flourishing Demand Driving the Market FAQs: 1. What are the major factors driving the growth of the India oxygen concentrator market? Answer: The major factors driving the growth of the Indian oxygen concentrator market are the rising prevalence of chronic obstructive pulmonary disease (COPD), incre asing COVID - 19 cases, and government initiatives for expanding the production of oxygen concentrators. 2. Which product type is dominating the India oxygen concentrator market? Answer: The portable oxygen concentrators lead the market with the highest dema nd in the year 2020. 3. Who are the key players in the India oxygen concentrator market? Answer: The key players in the India oxygen concentrator market are: Evox, GVS, Equinox, Eloxy, Oxymed, Nareena Lifesciences, BPL, Yuwell, Nidek Medical, SeQual Techno logies, Caire, Invacare, Inogen, Philips Respironics, and other prominent players. 4. Which end - user segment accounted for the largest share in the India oxygen concentrator market? Answer: The hospital segment accounted for the largest share in the India oxygen concentrator market. 5. Which region is at the highest growth rate in the India oxygen concentrator market? Answer: The Western part of the country holds the largest share in the India oxygen concentrator market. India Oxygen Concentrator Market Expected to Boom During the Forecast Period: Flourishing Demand Driving the Market About us Blueweave Consulting offers a one - stop solution for your market intelligence needs for any service or product. You get well - researched comprehensive reports based on qualitative and quantitative data to put your business plan into action. Your well informe d and timely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk - return trade - off. Delivering quality insights into several product or service markets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavours successful. For more information, kindly visit our Website www.blueweaveconsulting.com contact us at info@blueweaveconsulting.com India Oxygen Concentrator Market Expected to Boom During the Forecast Period: Flourishing Demand Driving the Market