South America Oxygen Concentrators Market Research Report: Forecast (2023-2028)

By Product Type (Portable, Fixed), By Technology, (Continuous Flow, Pulse Flow), By End User (Hospitals, Home Healthcare, Ambulatory Surgical Centers & Physician Offices), By Country (Brazil, Argentin... ... ry (Brazil, Argentina, Chile, Columbia, Rest of South America), By Company (Philips Healthcare, ResMed Inc., Inogen Inc, Invacare Corporation, Dragerwerk AG & Co. KGaA, Teijin Limited, DeVilbiss Healthcare LLC, GCE Healthcare, O2 Concepts, LLC, and Precision Medical Inc., Others) Read more

  • Healthcare
  • Jun 2023
  • 143
  • PDF, Excel, PPT

Market Definition

An oxygen concentrator is a device that selectively removes nitrogen from the air and concentrates the oxygen in order to supply an oxygen-enriched product gas stream. They are considered essential for oxygen therapy.

South America Oxygen Concentrators Market (2023-28): Insights & Projections

The South America Oxygen Concentrators Market was valued at USD 280 million in 2022 and is projected to grow at a CAGR of around 6.7% during the forecast period, i.e., 2023-28. The market is driven by the advanced healthcare infrastructure, higher healthcare spending, and dense population in Brazil, which give it a competitive advantage over other countries in the region. However, there are untapped opportunities in many South American countries due to limited healthcare access and low disease awareness. Argentina, for example, has a potential market for respiratory equipment, given its substantial number of health professionals and hospitals.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 6.7%
Country Covered Brazil, Argentina, Chile, Colombia, Rest of South America
Key Companies Profiled

Philips Healthcare, ResMed Inc., Inogen Inc, Invacare Corporation, Dragerwerk AG & Co. KGaA, Teijin Limited, DeVilbiss Healthcare LLC, GCE Healthcare, O2 Concepts, LLC, and Precision Medical Inc.,Others
Unit Denominations USD Million/Billion

 

The rise of medical tourism in South America has also been lucrative for destination countries, with over 1.6 million Americans seeking medical treatment there in 2022. It is primarily because the cost of medical care in South America is significantly lower than in the United States. For example, the average cost of a heart bypass surgery in the United States is $100,000, while the same procedure in Mexico costs only $25,000.

Companies in the industry are expanding their product portfolios through partnerships, acquisitions, and new product launches. They are also focusing on manufacturing quieter, energy-efficient, and lightweight oxygen concentrators to cater to the homecare customer segment, contributing to market expansion.

South America Oxygen Concentrators Market Drivers:

Increasing ICU Admissions Followed by Alarmingly Changing Climatic Conditions - The rising incidence of extreme weather events, including heat waves, droughts, and floods, has resulted in respiratory problems, heat stress, and injuries, leading to a greater demand for critical care. For example, a drought in Chile in 2021 resulted in a major outbreak of dengue fever, and similarly, a flood in Colombia in 2022 caused widespread damage and a surge in injuries, necessitating more ICU admissions. This has led to increased number of ICU beds, demanding adequate oxygen concentrators across the region. For instance, Brazil had approximately 43,000 ICU beds before the COVID-19 pandemic, with 21,000 in the public health system and 22,000 in the private health sector in 2018. These numbers changed in 2022 since the pandemic created 20,000 new ICU beds.

Moreover, in Brazil, the incidence, prevalence, and mortality rates of ICU-treated sepsis are alarmingly high, with approximately 420,000 cases being registered annually. The treatment for sepsis often requires the use of purified oxygen, resulting in the increased demand for oxygen concentrators across healthcare settings.

Additionally, projections indicate that region’s coronary artery disease hospitalizations will increase significantly by 2030, necessitating highly purified oxygen for faster recovery. These aspects clearly hint at the massive adoption of oxygen generators in the coming years, giving a boost to market growth.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. South America Oxygen Concentrators Market Regulations and Policy
  5. South America Oxygen Concentrators Market Trends & Developments
  6. South America Oxygen Concentrators Market Supply Chain Analysis
  7. South America Oxygen Concentrators Market Dynamics
    1. Drivers
    2. Challenges
  8. South America Oxygen Concentrators Market Hotspot & Opportunities
  9. South America Oxygen Concentrators Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product Type
        1. Portable - Market Size & Forecast 2018-2028, (USD Million)
        2. Fixed- Market Size & Forecast 2018-2028, (USD Million)
      2. By Technology
        1. Continuous Flow - Market Size & Forecast 2018-2028, (USD Million)
        2. Pulse Flow- Market Size & Forecast 2018-2028, (USD Million)
      3. By End User
        1. Hospitals - Market Size & Forecast 2018-2028, (USD Million)
        2. Home Healthcare - Market Size & Forecast 2018-2028, (USD Million)
        3. Ambulatory Surgical Centers & Physician Offices- Market Size & Forecast 2018-2028, (USD Million)
      4. By Country
        1. Brazil
        2. Argentina
        3. Chile
        4. Columbia
        5. Rest of South America
      5. By Company
        1. Competition Characteristics
        2. Market Share & Analysis
  10. Brazil Oxygen Concentrators Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product- Market Size & Forecast 2018-2028, (USD Million)
      2. By Technology- Market Size & Forecast 2018-2028, (USD Million)
      3. By End User- Market Size & Forecast 2018-2028, (USD Million)
  11. Argentina Oxygen Concentrators Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product- Market Size & Forecast 2018-2028, (USD Million)
      2. By Technology- Market Size & Forecast 2018-2028, (USD Million)
      3. By End User- Market Size & Forecast 2018-2028, (USD Million)
  12. Chile Oxygen Concentrators Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product- Market Size & Forecast 2018-2028, (USD Million)
      2. By Technology- Market Size & Forecast 2018-2028, (USD Million)
      3. By End User- Market Size & Forecast 2018-2028, (USD Million)
  13. Columbia Oxygen Concentrators Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product- Market Size & Forecast 2018-2028, (USD Million)
      2. By Technology- Market Size & Forecast 2018-2028, (USD Million)
      3. By End User- Market Size & Forecast 2018-2028, (USD Million)
  14. Competitive Outlook
    1. Company Profiles
      1.  Philips Healthcare 
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. ResMed Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Inogen Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Invacare Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Dragerwerk AG & Co. KGaA
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Teijin Limited
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. DeVilbiss Healthcare LLC
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. GCE Healthcare
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. O2 Concepts, LLC
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Precision Medical Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
  15. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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