India Oxygen Concentrator Market (2021-2027) | Size, Analysis, Forecast, Trends, Revenue, Growth, Share, Value, Segmentation & COVID-19 IMPACT

Latest 2023 Developments of the India Oxygen Concentrator Market

The India Oxygen Concentrator Market has gained growth and it is expected to experience significant growth in the future. The demand for oxygen concentrators in the country rising significantly on the back of the coronavirus pandemic. The growth in COVID-19 cases led to a lack of medical oxygen, and a number of people started purchasing oxygen concentrators for home use as well. The government of the country took many initiatives in order to increase the availability of oxygen concentrators. For instance, the country exempted custom duty on the import of oxygen concentrators and made them cost-effective for people. The government initiatives stimulated the India Oxygen Concentrator Market Share during the pandemic.

Many players started manufacturing oxygen concentrators in order to align with the requirements of people. For instance, BPL Medical Technologies, a major medical device manufacturer in the country, started oxygen concentrators. A number of nations, including the United States, Russia, and China sent oxygen concentrators to India in order to support the country in difficult times, this supported the India Oxygen Concentrator Industry during the pandemic. 

India Oxygen Concentrator market Synopsis

India Oxygen Concentrator market is expected to witness growth during the forecast period. Being on the verge of the highest risk of the pandemic backed by the plummeting number of cases in the country, the India Oxygen Concentrator Market is gaining very high growth prospects underpinned by the highest demand for medical oxygen concentrators as the government of the country seeks redressal for the availability of adequate oxygen for COVID suspects in order to save lives of the citizens of the country. Also, with the increased need for oxygen, Philips India is taking keen initiative for the adequate supply of oxygen concentrators, further anticipated to assist the company to lead the growth battle in the overall market competitive landscape and, as a result, anticipated to provide sound growth prospects for growth-seeking investors and stakeholders for alignment of their financial resources parked with the same.

According to 6Wresesarch, India Oxygen Concentrator Market size is anticipated to witness substantial growth during 2021-2027. There is no doubt that the pandemic has hit the world with a vast amount of the population who ended up losing their lives in the end. Owing to the respiratory hit and track method of the virus is impacting the respiratory health of many of the immunocompromised population, which is, as a result leading to an increased demand for oxygen Concentrators for an adequate supply of the same in the convict’s body. This has gradually shot up the demand for medical oxygen Concentrators not only in hospitals and ambulatory surgical centres but also in home health care setups. As a result, the market for oxygen Concentrators has been witnessing skyrocketing growth since the pandemic hit upon the world, and as the graph is nowhere expected to fully drain in the coming short interval of time, sound growth prospects for the product market are expected to be witnessed in the upcoming three years.

As the government is keen on overtaking high-end initiatives for the adequate availability of the product, high funding is flowing into the same with not only relying on domestic production but also over-increased dependency on private players in the market for allocation of their industrial oxygen concentrators to medical oxygen concentrators in order to address the emergency. With a spike in the number of cases, the increased demand for the product has pressurised the government to take stringent action towards the availability of the same, further leading to funding of Rs. 551 cr. From the PM-care fund into district hospitals HQ for setting up of oxygen plants and, further restricting the use of the liquid oxygen to medical use only. Also, marking the highest number of cases, Maharashtra and New Delhi lead the market demand owing to the plummeting cases across the two states and comparatively not being able to acquire the adequate oxygen needed for the same.

Some of the key players in the market include Invacare Corporation, Chart Industries Inc., DeVilbiss Healthcare LLC, GCE Group, Supera Anaesthesia Innovations, O2 Concepts, Teijin limited, Nidek Medical, Inogen, Philips Healthcare, Linde Plc and ResMed.

The India Oxygen Concentrator market report thoroughly covers the market by Type, Application, end-users and key Regions. The India Oxygen Concentrator outlook report provides an unbiased and detailed analysis of the ongoing India Oxygen Concentrator market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies accordingly to the current and future market dynamics.

Key Highlights of the Report:

• India Oxygen Concentrator Market Outlook
• India Oxygen Concentrator Market Overview
• India Oxygen Concentrator Market Forecast
• Historical Data for the period 2017-2020 and Market Forecast of India Oxygen Concentrator Market Revenues until 2027
• Historical Data for the period 2017-2020 and Market Forecast of the market until 2027, By Type
• Historical Data for the period 2017-2020 and Market Forecast of the market until 2027, By Application
• Historical Data for the period 2017-2020 and Market Forecast of the market until 2027, By End User
• Historical Data for the period 2017-2020 and Market Forecast of the market until 2027, By Regions
• Market Drivers and Restraints
• India Oxygen Concentrator Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• India Oxygen Concentrator Market Share, By Players
• Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

By Type:

• Portable Bottles
• Fixed Concentrator

By Application:

• Medical
• Aviation and Space
• SCUBA
• SCBA
• Industrial

By End User:

• Hospital and Surgical Centres
• Mountaineering
• Technical Diving
• Rocket Engines
• Scuba Diving
• Others