Market Research Report

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 Count...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.


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

South America Oxygen Concentrators Market Challenges:

Limited Awareness and Access to Advanced Medical Products -  The general population lacks awareness about the benefits of oxygen concentrators and their availability as an alternative to traditional oxygen delivery systems. Additionally, In certain regions, inadequate healthcare infrastructure and limited connectivity pose challenges in terms of the distribution and maintenance of the product. This can impact these devices' availability and timely supply to healthcare facilities and patients. Thus, hindering its adoption, especially in remote areas.

South America Oxygen Concentrators Market Trends:

The Growing Trend of Oxygen Therapy for Home Care Has Led to Portable Oxygen Concentrators’ Sales - The growing trend of oxygen therapy for home care, which improves patient compliance, has accelerated the demand for more innovative and flexible oxygen concentrators in recent years. As such, the augmented adoption of portable variants and liquid oxygen devices has positively influenced market growth. In developed countries like Argentina, Peru, and Brazil, vendors are coming up with portable variants that can be used both in hospitals and at home. As a result, the use of oxygen cylinders is declining in the South American market with the increasing adoption of oxygen concentrators.

South America Oxygen Concentrators Market (2023-28): Segmentation Analysis

South America Oxygen Concentrators Market report by Markntel Advisors includes segmentation analysis based on Product, Technology, and End-Users. This breakdown allows businesses to identify specific market segments and tailor their marketing and product strategies accordingly, maximizing their chances of success in the Oxygen Concentrators Market in South America.

Based on Product Type

  • Portable
  • Fixed

Portable Oxygen Concentrators have gained a significant market share over fixed ones due to their easy handling and transportability. They provide a consistent and cost-effective oxygen supply in various situations, including the COVID-19 pandemic and medical emergencies. For example, Oxygen Plus smart bag pack emergency oxygen concentrator, developed by GRS India, is designed for easy transportation in hilly terrains. Another, the portable oxygen concentrator introduced by OMRON Healthcare, uses medical molecular sieves to ensure efficient oxygen production while maintaining portability. These devices cater to the needs of patients with respiratory problems and offer convenience and flexibility. With their advancements in technology and design, portable oxygen concentrators are meeting the growing demand for mobile oxygen therapy solutions, driving their increasing market dominance.

Based on Technology,

  • Continuous Flow
  • Pulse Flow

The Continuous Flow garnered the highest share of the oxygen concentrators in South America in the historical period. The segment's dominance can be attributed to the Increasing prevalence of chronic respiratory diseases and proliferating geriatric population across the region. Chronic respiratory diseases, such as COPD, asthma, and pneumonia, cause death and disability worldwide. In fact, the number of people with these diseases is anticipated to increase in the coming years due to factors such as population aging, air pollution, and smoking. Besides, older adults are more likely to have chronic respiratory diseases and experience complications from these diseases, such as pneumonia. Thus the demand for continuous-flow oxygen concentrators to cater to such patients is likely to mount in the coming years, facilitating market growth.

South America Oxygen Concentrators Market (2023-28): Regional Analysis

Geographically, the South America Oxygen Concentrators Market expands across:

  • Brazil
  • Argentina
  • Chile
  • Columbia
  • Rest of South America

Among the countries in South America, Brazil has emerged as the dominant player in the global industry due to changes in food and lifestyle. The market is projected to grow moderately, driven by factors such as the increasing incidence of chronic obstructive pulmonary disease, changing consumer lifestyles, adoption of new technologies, increasing awareness for oxygen therapy devices, and government expenditure on homecare products.

The COVID-19 pandemic has further fueled the region's demand for such medical devices, with rising cases and increased healthcare center admissions. Additionally, the trend of home isolation and self-care treatment during the pandemic has led to a higher demand for the portable variant. Conversely, Mexico, with its prevalence of chronic illnesses, growing awareness, and technological advancements, is expected to acquire more shares in the portable oxygen concentrators market.

Global Oxygen Concentrators Industry Competitive Landscape

  • The Companion 5 and NewLife Intensity 10 stationary oxygen concentrators were launched in July 2022, following an anticipated approval by the Brazilian Health Regularity Agency (Anvisa). COVID-19 pandemic oxygen shortages throughout South America during the past two years have underscored the necessity to expand CAIRE’s portfolio of equipment available to serve patients prescribed oxygen as they are discharged from the hospital.

Gain a Competitive Edge with Markntel Advisors’ South America Oxygen Concentrators Market Report

  1. South America Oxygen Concentrators Market report provides a detailed and thorough analysis of market size, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics and make informed decisions.
  2. This report also highlights current market trends and future projections, allowing businesses to identify emerging opportunities and potential challenges. By understanding market forecasts, companies can align their strategies and stay ahead of the competition.
  3. South America Oxygen Concentrators Market report aids in assessing and mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks and optimize their operations.

Frequently Asked Questions

   A. The South America Oxygen Concentrators Market is projected to grow at a CAGR of around 6.7% during 2023-28.

   A. Increasing ICU admissions followed by alarmingly changing climatic conditions are likely to drive the market further during the projected time frame.

   A. The prominent players anticipated to stiffen the competition are 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.

   A. Portable is anticipated to emerge as an area of remunerative opportunities for the leading players in the South America Oxygen Concentrators Market during the forecast period.

   A. Brazil would provide lucrative prospects for the South America Oxygen Concentrators Market in the years ahead.

   A. The growing trend of oxygen therapy for home care led to Portable oxygen concentrators’ sales through 2028.

   A. Limited awareness and access to advanced medical products may affect the growth of the South America oxygen concentrators market through 2023-28.

  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


South America Oxygen Concentrators Market - Segmentation Slide