Market Overview:
The global household oxygen device market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing prevalence of respiratory diseases, growing geriatric population, and technological advancements in oxygen devices. Based on type, the global household oxygen device market is segmented into oxygen generators, liquid oxygen storage tanks, and others. The liquid oxygen storage tanks segment is expected to grow at a higher CAGR during the forecast period as compared to other segments owing to its advantages such as easy portability and long shelf life. Based on application, the global household oxygen device market is divided into vitro hypoxia and in-body hypoxia. The vitro hypoxia segment dominates the overall application segment owing to its widespread use in research laboratories for studying cell biology under low-oxygen conditions. Geographically, North America dominates the global household oxygen device market followed by Europe due States with high prevalence of respiratory diseases such as chronic obstructive pulmonary disease (COPD) and asthma are fuelling demand for home-based medical devices including portable home Oxygen concentrators .
Product Definition:
A household oxygen device is a medical device that delivers supplemental oxygen to patients with breathing problems, such as chronic obstructive pulmonary disease (COPD) or asthma. The devices come in a variety of forms, including concentrators, tanks and cylinders. Household oxygen devices are important for providing relief to patients who have difficulty breathing and can help improve their quality of life.
Oxygen Generator:
Oxygen generator is a device used to produce oxygen from water and other organic compounds. Oxygen is produced by the chemical reaction between an oxidizing agent and carbon dioxide. The most common form of oxygen generators are small, portable units that produce 2-3 liters of oxygen per minute for emergency use in residential settings.
Liquid Oxygen Storage Tank:
Liquid oxygen is stored in tanks for household use. These tanks are made of high-grade stainless steel and have a capacity of 2 to 3 minutes worth of oxygen. The liquid oxygen is stored in an insulated container which helps in maintaining the temperature at its optimum level. It has been observed that the temperature can drop down as low as -60 degrees Celsius when exposed to open atmosphere, but with the insulation, it maintains its normal temperature throughout storage and delivery period.
Application Insights:
Based on application, the market is segmented into in-body hypoxia, vitro hypoxia and others. The in-body hypoxic devices are primarily used for treating respiratory disorders such as sleep apnea. In-body devices deliver pure oxygen to the blood through the veins resulting in effective treatment of various diseases related to respiratory system such as obstructive sleep apnea and chronic fatigue syndrome among others.
The other applications include nasal cannula oxygen therapy, face mask ventilation and mouthpiece assisted breathing techniques for treating patients with lung diseases such as asthma among others. Liquid oxygen storage tanks are majorly used for out of hospital care where a large number of portable equipment is required due to emergencies or natural disasters that may occur at any time without prior notice.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-developed healthcare infrastructure, high awareness levels coupled with relatively higher disposable income are some of the factors responsible for its large share. Moreover, increasing demand for cosmetic surgeries and rising prevalence of chronic diseases such as cancer is expected to drive the market growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to improving healthcare facilities and growing medical tourism in emerging economies such as India and China. In addition, an increase in birth rate has led to a rise in respiratory disorders among children which will boost product demand further on account of their easy availability at low cost along with high efficiency compared to liquid oxygen tanks used by hospitals across North America & Europe.
Growth Factors:
- Increasing prevalence of respiratory diseases: The increasing prevalence of respiratory diseases, such as asthma, chronic obstructive pulmonary disease (COPD), and pneumonia is one of the major growth drivers for the global household oxygen device market. According to a study by the World Health Organization (WHO), over 300 million people suffer from asthma worldwide, and this number is expected to increase to 400 million by 2025. Moreover, COPD is estimated to be the third leading cause of death worldwide by 2020. This will create a high demand for household oxygen devices in order to treat these respiratory diseases.
- Growing geriatric population: The global geriatric population is growing at a rapid pace and this is expected to drive the demand for household oxygen devices in the coming years. As per United Nations estimates, there were around 841 million people aged 60 or above in 2015 and this number is projected to reach 1.4 billion by 2030 and 2 billion by 2050. This growing geriatric population will require increased access to healthcare services including home-based care which will create opportunities for growth for the global household oxygen device market .
Scope Of The Report
Report Attributes
Report Details
Report Title
Household Oxygen Device Market Research Report
By Type
Oxygen Generator, Liquid Oxygen Storage Tank, Others
By Application
Vitro Hypoxia, In-body Hypoxia
By Companies
Inogen, Chart Industries, OXYPLUS Technologies(NOVAIR), Oxygen Generating Systems Intl.(OGSI), Oxymat A/S, On Site Gas Systems, Oxair, PCI Gases, Zhuhai Hokai Medical Instruments, Yantai Beacon Medical Technology, WEINMANN Emergency Medical Technology, INMATEC, Hunan Eter Electronic Medical Project Stock Co., Ltd., Hersill, Philips Respironics, Smiths Medical, Invacare Corporation, ResMed, Sharp Medical Products
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Household Oxygen Device Market Report Segments:
The global Household Oxygen Device market is segmented on the basis of:
Types
Oxygen Generator, Liquid Oxygen Storage Tank, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Vitro Hypoxia, In-body Hypoxia
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Inogen
- Chart Industries
- OXYPLUS Technologies(NOVAIR)
- Oxygen Generating Systems Intl.(OGSI)
- Oxymat A/S
- On Site Gas Systems
- Oxair
- PCI Gases
- Zhuhai Hokai Medical Instruments
- Yantai Beacon Medical Technology
- WEINMANN Emergency Medical Technology
- INMATEC
- Hunan Eter Electronic Medical Project Stock Co., Ltd.
- Hersill
- Philips Respironics
- Smiths Medical
- Invacare Corporation
- ResMed
- Sharp Medical Products
Highlights of The Household Oxygen Device Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Oxygen Generator
- Liquid Oxygen Storage Tank
- Others
- By Application:
- Vitro Hypoxia
- In-body Hypoxia
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Household Oxygen Device Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A household oxygen device is a small, portable device that helps people with breathing problems breathe more easily. The device attaches to the nose or mouth and delivers a steady stream of oxygen.
Some of the major players in the household oxygen device market are Inogen, Chart Industries, OXYPLUS Technologies(NOVAIR), Oxygen Generating Systems Intl.(OGSI), Oxymat A/S, On Site Gas Systems, Oxair, PCI Gases, Zhuhai Hokai Medical Instruments, Yantai Beacon Medical Technology, WEINMANN Emergency Medical Technology, INMATEC, Hunan Eter Electronic Medical Project Stock Co., Ltd., Hersill, Philips Respironics, Smiths Medical, Invacare Corporation, ResMed, Sharp Medical Products.
The household oxygen device market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Household Oxygen Device Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Household Oxygen Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Household Oxygen Device Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Household Oxygen Device Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Household Oxygen Device Market Size & Forecast, 2018-2028
4.5.1 Household Oxygen Device Market Size and Y-o-Y Growth
4.5.2 Household Oxygen Device Market Absolute $ Opportunity
Chapter 5 Global Household Oxygen Device Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Household Oxygen Device Market Size Forecast by Type
5.2.1 Oxygen Generator
5.2.2 Liquid Oxygen Storage Tank
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Household Oxygen Device Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Household Oxygen Device Market Size Forecast by Applications
6.2.1 Vitro Hypoxia
6.2.2 In-body Hypoxia
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Household Oxygen Device Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Household Oxygen Device Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Household Oxygen Device Analysis and Forecast
9.1 Introduction
9.2 North America Household Oxygen Device Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Household Oxygen Device Market Size Forecast by Type
9.6.1 Oxygen Generator
9.6.2 Liquid Oxygen Storage Tank
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Household Oxygen Device Market Size Forecast by Applications
9.10.1 Vitro Hypoxia
9.10.2 In-body Hypoxia
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Household Oxygen Device Analysis and Forecast
10.1 Introduction
10.2 Europe Household Oxygen Device Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Household Oxygen Device Market Size Forecast by Type
10.6.1 Oxygen Generator
10.6.2 Liquid Oxygen Storage Tank
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Household Oxygen Device Market Size Forecast by Applications
10.10.1 Vitro Hypoxia
10.10.2 In-body Hypoxia
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Household Oxygen Device Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Household Oxygen Device Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Household Oxygen Device Market Size Forecast by Type
11.6.1 Oxygen Generator
11.6.2 Liquid Oxygen Storage Tank
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Household Oxygen Device Market Size Forecast by Applications
11.10.1 Vitro Hypoxia
11.10.2 In-body Hypoxia
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Household Oxygen Device Analysis and Forecast
12.1 Introduction
12.2 Latin America Household Oxygen Device Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Household Oxygen Device Market Size Forecast by Type
12.6.1 Oxygen Generator
12.6.2 Liquid Oxygen Storage Tank
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Household Oxygen Device Market Size Forecast by Applications
12.10.1 Vitro Hypoxia
12.10.2 In-body Hypoxia
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Household Oxygen Device Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Household Oxygen Device Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Household Oxygen Device Market Size Forecast by Type
13.6.1 Oxygen Generator
13.6.2 Liquid Oxygen Storage Tank
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Household Oxygen Device Market Size Forecast by Applications
13.10.1 Vitro Hypoxia
13.10.2 In-body Hypoxia
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Household Oxygen Device Market: Competitive Dashboard
14.2 Global Household Oxygen Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Inogen
14.3.2 Chart Industries
14.3.3 OXYPLUS Technologies(NOVAIR)
14.3.4 Oxygen Generating Systems Intl.(OGSI)
14.3.5 Oxymat A/S
14.3.6 On Site Gas Systems
14.3.7 Oxair
14.3.8 PCI Gases
14.3.9 Zhuhai Hokai Medical Instruments
14.3.10 Yantai Beacon Medical Technology
14.3.11 WEINMANN Emergency Medical Technology
14.3.12 INMATEC
14.3.13 Hunan Eter Electronic Medical Project Stock Co., Ltd.
14.3.14 Hersill
14.3.15 Philips Respironics
14.3.16 Smiths Medical
14.3.17 Invacare Corporation
14.3.18 ResMed
14.3.19 Sharp Medical Products
