Portable Oxygen Generator Market Size, Share, and Industry Analysis By Type (Continuous Flow, Pulse Dose, and Others), By End-User (Hospitals, Homecare, and Others), and Regional Forecast, 2024-2032

A portable oxygen generator is a medical device that supplies oxygen to patients suffering from respiratory diseases. They are also used by patients requiring supplemental oxygen for pulmonary disorders such as emphysema, bronchitis, lung cancer, and acute pneumonia. A portable oxygen generator separates nitrogen and oxygen from ambient air, drops the nitrogen, and supplies ~95% pure oxygen to patients. These devices can be used efficiently in home and clinical settings to meet patients' oxygen needs. The popularity and high demand for oxygen generators in developed regions are expected to drive the industry growth. In addition, the rise of home oxygen therapy is expected to drive the market growth.

The main driver of the portable oxygen generator market is the rise in respiratory disorders. An increase in geriatric population and a high smoking prevalence are also expected to drive market growth. In addition, the preference for home oxygen therapy and new technological advances are expected to drive the market for portable oxygen generators.

• According to the World Health Organization (WHO), Chronic Obstructive Pulmonary Disease (COPD) is the third leading cause of death worldwide, causing ~3.23 million deaths in 2019. COPD causes persistent and progressive respiratory symptoms, including difficulty in breathing, cough, and phlegm production.

The factor that could hinder the market growth is strict FDA regulatory guidelines, which cause delays in product approvals, which are expected to hamper market growth. In addition, the lack of public awareness and the shortage of qualified professionals are expected to inhibit the growth of the portable oxygen generator market.

The COVID-19 outbreak has had a massive impact on the lives and businesses of many people. Portable oxygen concentrators demand was positively affected during the COVID-19 pandemic. The sudden increase in the cases of COVID-19 increased the demand for medical oxygen concentrators. COVID-19 is a highly contagious infection caused by severe acute respiratory syndrome. As a result, the market growth was accelerated by the increasing demand for intensive critical care combined with many patients requiring oxygen therapy. Oxygen therapy was the cornerstone of COVID-19 disease management. It can also keep patients alive for days or weeks, making it a popular choice for treating infectious disorders.

KEY INSIGHTS

The report covers the following key insights:

• Recent Advancements in the Portable Oxygen Generator


• Key Industry Trends


• Regulatory Landscape for Portable Oxygen Generator


• Key Industry Developments (Mergers, Acquisitions, and Partnerships)


• Impact of COVID-19 on the Market

SEGMENTATION

ANALYSIS BY TYPE

Based on type, the global market can be categorized into continuous flow, pulse dose, and others. The continuous flow portable oxygen generators segment is the major segment as they provide a consistent supply of oxygen, allowing patients to maintain their desired oxygen levels more effectively. This can lead to an improved quality of life for individuals with chronic respiratory conditions.

The pulse dose segment is the leading segment in the portable oxygen generator market. Ongoing advancements in technology have led to the development of more efficient and reliable pulse dose oxygen generators. These advancements include improvements in oxygen sensing, delivery algorithms, and battery technology, making pulse dose devices increasingly attractive to both patients and healthcare provider.

ANALYSIS BY END-USER

Based on end-user, the global market can be categorized into hospitals, home care, and others. The homecare end-use segment dominates the market and is expected to hold a significant share of the market, owing to the growing demand for home oxygen therapies coupled with the increasing demand for pure oxygen. Technological advancements such as the miniaturization of these medical devices are expected to propel the market growth for this segment. In addition, improving living standards and increasing the use of home therapy, mainly in developed regions, such as North America and Europe, are the primary factors  driving the segment growth.

Hospitals are increasingly adopting portable oxygen generators to provide point-of-care solutions for patients who require oxygen therapy but do not need to be confined to a fixed location such as a bed or room. Portable oxygen generators allow hospitals to deliver oxygen therapy directly to patients wherever they are, whether a ward, emergency room, or during patient transport. Thus, this factor drives the segment growth. Furthermore, there is a growing trend toward outpatient surgeries and procedures, driven by factors such as advancements in medical technology, cost containment efforts, and patient preference for less invasive treatments. Ambulatory surgical centers cater to this trend by providing a wide range of surgical procedures in an outpatient setting.

REGIONAL ANALYSIS

By region, the global portable oxygen generator market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America dominates and is expected to hold a significant market share, owing to the growing elderly population in the region. The people in the region are more prone to respiratory diseases as their immune systems are weak, propelling the market demand for portable oxygen generators. Additionally, several government initiatives, such as the authorized use of portable oxygen generators during air travel by the Federal Aviation Administration (FAA) and the increasing prevalence of severe chronic obstructive pulmonary disorders due to unhealthy lifestyles, are boosting the regional market growth.

Europe is another primary market for portable oxygen generators due to several key players in the region. In addition, growing lung cancer stress in the region and a rise in respiratory diseases with an increasing number of older adults are expected to drive the market growth. Germany is one of the major countries in the region, followed by the U.K., France, Italy, Spain, and Russia.

During the forecast period, the Asia Pacific region is projected to grow considerably, owing to its increased discretionary spending for diagnosis and treatment. Furthermore, the initiatives taken by the government in the region are expected to positively influence the market growth. Countries such as China, India, and Japan contribute to the region. Factors such as increasing life expectancy, awareness of available technologies, and healthcare expenditures are expected to drive the market in the region.

KEY PLAYERS COVERED

The report provides the profiles of key players such as Koninklijke Philips N.V., Inogen, Inc., VitalAire, O2 Concepts, Advanced Aeromedical, Inc., PrecisionMed, Inogen, Elanra Medical Devices, GCE Solutions Inc., Philips, On Site Gas Systems Inc., Nidek Inc., OXUS, Portable Oxygen Solutions, Exar, and Luxfer Gas Cylinders.

KEY INDUSTRY DEVELOPMENTS

• In June 2021, Servotech Power Systems launched medical-grade oxygen concentrators. Servotech is also collaborating with IIT Jammu and IISER Bhopal to transfer knowledge about manufacturing in India as part of its ongoing efforts to make its oxygen concentrators genuinely indigenous. Hospitals, foundations, medical institutions, commercial institutions, and other critical stakeholders in need of the product will obtain concentrators from Servotech.

• In May 2021, Hyderabad-based startup "The Phi Factory" introduced its innovative and affordable portable oxygen generator. The device uses 50% concentrated hydrogen peroxide and one liter of this hydrogen peroxide would be capable of producing around 240 liters of oxygen, which is enough for approximately 24 minutes.