Oxygen concentrator is a device that provides oxygen therapy to patients at substantially higher concentrations than that of ambient air and keeps the level of oxygen in their blood stable. There are two types of oxygen concentrators: portable oxygen concentrators and stationary oxygen concentrators.

The global medical oxygen concentrators market is estimated to account for US$ 1,683.3 Mn in terms of value and is expected to reach US$ 3,087.8 Mn by the end of 2027.
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Statistics:
Portable devices held dominant position in the global medical oxygen concentrators market in 2019, accounting for 64.9% share in terms of value, followed by stationary devices, respectively.
The global medical oxygen concentrators market was valued at US$ 1,683.3 Mn in 2019 and is forecast to reach a value of US$ 3,087.8 Mn by 2027 at a CAGR of 9.1% between 2020 and 2027.
Market Trends/Key Takeaways
The emergence of COVID-19 pandemic has led to increasing demand for medical oxygen concentrators. However, increasing number of cases has led to a huge gap in the supply and demand. For instance, globally, as of 3:37 pm CEST, 20 July 2020, there have been 14,538,094 confirmed cases of COVID-19, including 607,358 deaths, reported to World Health Organization.
Increasing prevalence of sleep apnea is expected to offer lucrative growth opportunities for players in the global medical oxygen concentrators market. For instance, according to the study, ‘Estimation of the global prevalence and burden of obstructive sleep apnea: a literature-based analysis’, published in July 2019, 936 million adults aged 30–69 years have mild to severe obstructive sleep apnea and 425 million adults aged 30–69 years have moderate to severe obstructive sleep apnea globally.
Global Medical Oxygen Concentrators Market: Competitive Landscape
Major players operating in the global medical oxygen concentrators market include, Chart Industries, Inc., Inogen Inc., Invacare Corporation, OxygenToGo, LLC, Koninklijke Philips N.V., ResMed Inc., Drive DeVilbiss Healthcare LLC, Precision Medical, Inc., Besco Medical Co. Ltd., O2 Concepts, LLC, and GCE Group.
Global Medical Oxygen Concentrators Market: Opportunities 
Adoption of medical oxygen concentrators in veterinary anesthesia is expected to offer lucrative growth opportunities for players in the global medical oxygen concentrators market. Use of medical oxygen concentrators in veterinary hospitals has proven to be safe, reliable, and cost effective. Veterinary anesthesia requires continuous supply of oxygen. Hence, both continuous stationary and portable oxygen concentrators represent significant growth potential during the forecast period.
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Global Medical Oxygen Concentrators Market: Key Developments
Major players in the market are focused on adopting partnership strategies to enhance their market share. For instance, in October 2019, OxygenToGo, LLC, a Wyoming, U.S.-based provider of portable oxygen concentrators and services for oxygen-dependent travelers, partnered with Virgin Atlantic to provide portable oxygen concentrators for Virgin Atlantic passengers requiring medical oxygen onboard flights.
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