Oxygen Generator Market worth USD 2,208.14 million by 2033

The Market Statsville Group (MSG) publishes the new report on the "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), By Region – Global Share and Forecast to 2033

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, at a CAGR of 4.4% from 2023 to 2033.

The oxygen generator market consists of sales of oxygen generator services by entities (organizations, sole traders, and partnerships). 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.

Global Oxygen Generator Market Segmentation

The overall oxygen generator market has been segmented into type, form, technology, application, and region.

• 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)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

Portable Oxygen Generators segment is at the highest CAGR during the forecast period

Portable Oxygen Generators segment is expected to grow at the highest CAGR during the forthcoming period. Portable oxygen therapy helps people with COPD, COVID-19, emphysema, sleep apnea and other breathing problems get enough oxygen to function and stay well. Portable Oxygen Concentrators, or POCS, are light, small and quiet devices that allow to receive supplemental oxygen while out of the home. The easy to use and travel friendly has boosted this segment over the forecasting period.

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The Asia Pacific to account for the highest CAGR during the forecast period

Over the forecast period, the Asia Pacific market is expected to grow rapidly. The presence of key players, the availability of technologically advanced products, the rising prevalence of respiratory diseases and a well-developed healthcare market are the factors supporting the market share. on the other hand, due to increased incidence of respiratory diseases, increase in healthcare expenditure, and rising government initiatives. Due to these reasons this market is accounted to registered the highest CAGR over the forecasting period.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the oxygen generator market. It also consists of the profiles of leading companies such as 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. The key players' growing research and development activities for launching innovative healthcare devices with advanced features and strategic unions are expected to drive market growth.

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