Oxygen Generator Market 2022

Industry Size, Emerging Trends, Regions, Growth Insights, Opportunities, and Forecast By 2033

Oxygen Generator Market by Type (Small PSA Oxygen Generator, Large PSA Oxygen Generator), by Form (Portable Oxygen Generators, Stationary Oxygen Generators), by Technology (Pulse Flow, Continuous Flow), by Application (Home- Use Oxygen, Industrial Oxygen) and by Region – Global Share and Forecast to 2033

Region: Global | Format: Word, PPT, Excel | Report Status: Published

According to the Market Statsville Group (MSG), the global oxygen generator market size is expected to grow from USD 1,375.06 million in 2022 to USD 2,208.14 million by 2033, growing at a CAGR of 4.4% from 2023 to 2033. Modern healthcare services are crucial for human health because they play a major part in molding the economy of a nation and, ultimately, the world. Oxygen is essential to human existence and is employed in a variety of other purposes. Many individuals are being inconvenienced by the tremendous population expansion and lack of health care in developing countries. As a result, the local government, in collaboration with foreign organizations, is trying to improve health services by constructing new hospitals and renovating current health care facilities. Oxygen generators are commonly used in hospitals and clinics for oxygen treatment to not only boost oxygen levels in the patient's blood but also to reduce resistance to blood flow, so reducing the stress on the heart. Moreover, oxygen is employed in waste and water treatment, gas welding, chemical and pharmaceutical plants, and a variety of manufacturing units. Massive population increase, growing healthcare spending, and the development of manufacturing units are expected to fuel the rise of the oxygen generator.

Definition of the Global Oxygen Generator Market

An oxygen generator is a device that separates oxygen from compressed air via pressure swing adsorption, a type of selective adsorptive technique (PSA). The compressed air utilized in the oxygen production process is identical to ambient environmental air in composition, having 21% oxygen and 78% nitrogen. The compressed air's oxygen is permitted to pass through a zeolite molecular filter, which retains nitrogen, resulting in high quality oxygen at gas production outlets.

A PSA oxygen generator uses the same pressure swing adsorption process as a nitrogen generator with one major difference. Instead of the carbon present in a nitrogen PSA device, the adsorptive material inside its molecular sieve is constructed of zeolite.

COVID-19 Impact on the Global Oxygen Generator Market

The healthcare sector, including industrial and home-based facilities are demanding these oxygen generators to treat various COVID-19 and various other diseases, including heart related diseases and more, thus anticipated to observe an increased demand in the forthcoming years. Further, increasing geriatric population across the globe, increasing government and corporate investments in healthcare projects and infrastructure development, boosts the market growth.

In the current context, many emerging corporations are establishing new operations or expanding existing ones in emerging markets. In light of this, healthcare spending in emerging economies is fast increasing. For instant, the World Economic Forum estimates that by 2020, developing nations would pay for about one-third of global healthcare spending. Also, more than half of the global population now resides in India and China, owing to which these countries become home to a large patient pool. As a result, many emerging companies are investing a substantial amount of funds in these emerging markets.

Global Oxygen Generator Market Dynamics

Drivers: Rising use of oxygen generators in various industries

Oxygen generators take oxygen from the air and distribute it directly into industrial processes or store it in pressure tanks in real time. Oxygen generators are used in a range of sectors, including gold mining, healthcare, wastewater treatment plants, aquaculture, aerospace, steel industry, welding, glass blowing, paper and pulp production, and others, which will drive the global need for oxygen generators.

For instance, Oxygen generators are deployed in wastewater treatment plants to supply sufficient oxygen to the bacteria enabling the bio-degradation process to take place. During the process, if extra oxygen is provided, the bacteria break down the sludge faster into CO2 and water. The demand for the treatment of wastewater is rising globally and many countries actively installing treatment plants to treat the water and to reduce water scarcity and related issues, which as a result, drive the growth of the oxygen generators market during the forecasting period.

Restraints: High Cost of Medical Oxygen Generator

An oxygen generator is a device that separates oxygen from compressed air via pressure swing adsorption, a sort of selective adsorptive method (PSA). The high cost of oxygen generator and other development associated to it impede the market growth. With the requirement of medical oxygen owing to rise in Covid-19 cases across the world, the demand has been increased for oxygen generator which results in high supply prices as well as high manufacturing costs. The high purity oxygen, automatic operation, high quality parts for less maintenance and guaranteed performance and lower energy and air consumption will enhance the price which led to restrict the market growth.

Opportunities: Mounting Demand for Portable Oxygen Generator

Although oxygen therapy is not a novel treatment, the technology behind it is continually improving. While oxygen tanks were once the sole viable choice for oxygen therapy, there are now both stationary and portable devices that can transform ordinary air into produced oxygen. Similar principles govern the operation of These oxygen generators. They inhale air from the environment, separate oxygen from other gases, and provide the oxygen to the patient via a breathing tube.

Portable oxygen generators give respiratory patients who don't need significant dosages of oxygen more flexibility. They may be charged via a wall outlet, a car adaptor, or a battery pack and run on a number of power sources. Portable oxygen generators are tiny enough to fit under one arm, in a backpack, or attached to a cart or walker, allowing the patient to move around freely at home or on the road. Whereas Stationary oxygen generators are generally larger and heavier than the portable oxygen generators, but they can also offer higher flow rates.

Scope of the Global Oxygen Generator Market

The study categorizes the oxygen generator market based on type, form, technology and application area at the regional and global levels.

By Type Outlook (Sales, USD Million, 2019-2033)

  • Small PSA Oxygen Generator
  • Large PSA Oxygen Generator

By Form Outlook (Sales, USD Million, 2019-2033)

  • Portable Oxygen Generators
  • Stationary Oxygen Generators

By Technology Outlook (Sales, USD Million, 2019-2033)

  • Pulse Flow
  • Continuous Flow

By Application Outlook (Sales, USD Million, 2019-2033)

  • Home- Use Oxygen
  • Industrial Oxygen
    • Sewage and Wastewater treatment
    • Steel Industry
    • Gold Mining
    • Welding
    • Pulp and Paper Manufacturing
    • Glass Blowing
    • Fish farms & Aquaculture

By Region Outlook (Sales, USD Million, 2019-2033)

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Italy
    • France
    • UK
    • Spain
    • Poland
    • Russia
    • The Netherlands
    • Norway
    • Czech Republic
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Malaysia
    • Thailand
    • Singapore
    • Australia & New Zealand
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Northern Africa
    • Rest of MEA

Stationary Oxygen Generators segment accounts for the largest market share by form

Based on the form, the market is divided into portable oxygen generators and stationary oxygen generators. The stationary oxygen generators segment is expected to dominate the market share in 2022 in the global oxygen generator market. A stationary oxygen generator is projected to account for substantial market share owing to the growing healthcare sector. Several technologies, such as cryogenic separation, pressure swing adsorption, and membrane technology, can be used to create oxygen. Because of its high oxygen generation capability, pressure swing adsorption is a commonly employed technique. Stationary oxygen concentrators have higher oxygen output and lower prices. Portable oxygen concentrators offer smaller sizes and less weight and greater flexibility with power sources.

North America is expected to witness the largest market share by Region

Based on the regions, the global oxygen generator market has been segmented across Europe, North America, the Middle East & Africa, Asia-Pacific, and South America. North America is projected to account for the highest market share in 2022. The construction of new hospitals, health care facilities, and wastewater treatment plants in North America has resulted in significant expansion for oxygen generators. Oxygen is widely utilized in medicines, brazing, gas welding, and jeweler manufacture, and the need for oxygen generator systems in North America is predicted to increase. European nations are spending heavily in healthcare services in order to give more accessible and better access to hospitals and clinics. The ageing population in most European countries has exacerbated the health problems of older individuals. As a result, many residential or private hospitals or clinics are building an oxygen generator system, which might provide the industry with multifold development.

Competitive Landscape: Global Oxygen Generator Market

The oxygen generator market is a significant competitor, and extremely cutthroat in the sector are using strategies including product launches, partnerships, acquisitions, agreements, and growth to enhance their market positions. Most sector businesses focus on increasing their operations worldwide and cultivating long-lasting partnerships.

Major key players in the global oxygen generator market are:

  • Atlas Copco
  • Beijing Shenlu Medical Device Co., Ltd.
  • CAIRE Inc.
  • Drive DeVilbiss Healthcare
  • Foshan Care Medical Technology Co., Ltd
  • GCE Group
  • INMATEC GaseTechnologie GmbH & Co. KG
  • Inogen Inc.
  • Invacare Inc.
  • Nidek Medical Inc.
  • NGK Spark Plug
  • Novair Medical
  • O2 CONCEPTS, LLC
  • Oxymat A/S
  • Koninklijke Philips N.V.
  • Precision Medical Inc.
  • ResMed

Key Issues Addressed

  • What is the market size by various segmentation of the oxygen generator by region and its respective countries?
  • What are the customer buying behavior, key takeaways, and Porter's 5 forces of the oxygen generator market?
  • What are the key opportunities and trends for manufacturers involved in the oxygen generator supply chain?
  • What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
  • What and how regulations, schemes, patents, and policies are impacting the growth of the market?
  • What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
  • The market player positioning, top winning strategies by years, company product developments, and launches will be?
  • How has COVID-19 impacted the demand and sales of oxygen generator in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
  • Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market.
What is the growth rate of oxygen generator market? The global oxygen generator market is expected to register a CAGR of 4.4%, during the forecast period (2023 to 2033). Which form held the highest growing rate in the market of oxygen generator? On the basis of form, the stationary oxygen generators segment has the highest growing rate during the forecast period (2023-2033). Which region has accounted for the largest oxygen generator market share? In 2022, North America held the largest share in the global oxygen generator market, followed by Europe. Who are the key players in the oxygen generator market? In the global market of oxygen generator manufacturers are Atlas Copco, Beijing Shenlu Medical Device Co., Ltd., CAIRE Inc., Drive DeVilbiss Healthcare, Foshan Care Medical Technology Co., Ltd, GCE Group, INMATEC GaseTechnologie GmbH & Co. KG, Inogen Inc., Invacare Inc., Nidek Medical Inc., NGK Spark Plug, Novair Medical, O2 CONCEPTS, LLC, Oxymat A/S, Koninklijke Philips N.V., Precision Medical Inc. and ResMed. What are the factors that are driving global market of oxygen generator? Massive population increase, growing healthcare spending, and the development of manufacturing units are expected to fuel the rise of the oxygen generator.

Frequently Asked Questions

  • Key Issues Addressed
  • What is the market size and growth rate for different segmentations at a global, regional, & country level?
  • What is the customer buying behavior, key takeaways, and Porter's 5 forces of the market?
  • What are the key opportunities and trends for manufacturers involved in the supply chain?
  • What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
  • What and how regulations, schemes, patents, and policies are impacting the growth of the market?
  • How will existing companies adapt to the new change in technology?
  • The market player positioning, top winning strategies by years, company product developments, and launches will be?
  • How has COVID-19 impacted the demand and sales of in the market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
  • Who are the leading companies operating in the market? Also, who are the prominent startups that disrupt the market in coming years?
  • PUBLISHED ON: MARCH, 2024
  • BASE YEAR: 2023
  • FORECAST PERIOD: 2024-2033
  • STUDY PERIOD: 2019 - 2033
  • COMPANIES COVERED: 15
  • COUNTRIES COVERED: 24
  • NO OF PAGES: 237

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