India Oxygen Concentrators Market to Grow with a CAGR of 0.41% through 2030
Rising demand for portable oxygen concentrators and
growing preference for home-based therapy is expected to drive the India Oxygen
Concentrators Market growth in the forecast period, 2026-2030.
According to
TechSci Research report, “India Oxygen Concentrators Market- By Region, Competition, Forecast & Opportunities, 2030”, the India
Oxygen Concentrators Market stood at USD 128.45 Million in 2024 and is anticipated to grow with a CAGR of 0.41%
in the forecast period, 2026-2030. Several factors are driving the growth of
the Oxygen Concentrators Market in India. The rising prevalence of respiratory
disorders, coupled with an aging population prone to pulmonary issues, is
contributing to an increased demand for oxygen concentrators.
India's
healthcare infrastructure is rapidly evolving, enabling more accessibility to
advanced medical devices like oxygen concentrators. The Indian government's
initiatives to improve healthcare services, particularly in rural areas, also
contribute to this growth.
The India Oxygen
Concentrators Market is poised for substantial growth, fueled by several key
factors. The rising awareness about the importance of respiratory health and
the need for timely access to medical equipment has further propelled the
demand for oxygen concentrators. The shifting demographic trends in India also
contribute to the market growth. The country is witnessing an increasing
elderly population susceptible to chronic respiratory diseases. According to
data from the World Health Organization (WHO), chronic obstructive pulmonary
disease (COPD) is the second most common cause of mortality in India. This alarming
statistic magnifies the urgent need for oxygen concentrators to cater to the
growing number of patients.
The
burgeoning influence of urbanization and industrialization in India has led to
an uptick in air pollution levels. This, in turn, has resulted in a rise in
respiratory ailments among the population. As a consequence, the demand for
oxygen concentrators as a means to alleviate breathing difficulties and improve
respiratory health has witnessed a significant surge. In addition to these
factors, the government's initiatives to boost healthcare infrastructure and
increase accessibility to advanced medical devices have given an impetus to the
market proliferation. The implementation of policies aimed at improving the
availability and affordability of oxygen concentrators has further fueled the
market growth.
Emerging
technological advancements such as portable oxygen concentrators have
revolutionized the market landscape. Portable oxygen concentrators, known for
their convenience and mobility, are increasingly preferred by patients. Their
compact size and ease of use make them a practical choice for individuals who
require oxygen therapy while maintaining an active lifestyle. This rising
preference for portable oxygen concentrators has significantly contributed to
the overall market growth.
However, the
India Oxygen Concentrators Market is not devoid of challenges. The high cost of
oxygen concentrators remains a significant barrier, particularly for
individuals in rural areas with limited financial resources. There is a lack of awareness and accessibility to oxygen concentrators in
remote regions, hindering their adoption. Addressing these challenges and
improving access to affordable oxygen concentrators in rural areas will be
crucial to unlocking the market's full potential. Despite these challenges, the
India Oxygen Concentrators Market shows immense potential for high growth in
the coming years. Strategic collaborations among market players, government
initiatives to bridge the healthcare infrastructure gap, and ongoing
technological innovations will play a vital role in driving the market forward.
The increasing focus on research and development to enhance the efficiency and
effectiveness of oxygen concentrators will further contribute to market
expansion.
The India Oxygen
Concentrators Market, riding on the wave of the pandemic, demographic shifts,
and technological advancements, presents lucrative opportunities for investors
and stakeholders. The market's growth potential is undeniable, but concerted
efforts are required to improve accessibility, affordability, and awareness to
ensure that the benefits of oxygen concentrators reach all segments of the
population in need.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "India Oxygen Concentrators Market”
The India Oxygen
Concentrators Market is segmented into type, technology, flowrate, source,
offering, application, distribution channel, end user, regional distribution,
and company.
Based on source,
it is anticipated that the domestic sector will exert a significant influence
and dominate the Oxygen Concentrators Market in India. This projection is
primarily attributed to multiple factors, including the substantial growth of
local manufacturing capabilities, proactive government initiatives aimed at
promoting domestic production, and the ever-increasing demand for advanced
medical equipment within the country. As the healthcare sector continues its
rapid evolution and the need for reliable medical devices becomes more crucial,
the establishment of a robust domestic market becomes paramount. A strong
domestic market ensures widespread availability and affordability of essential
medical devices such as oxygen concentrators. While imports will continue to
play a role, the domestic market is poised to emerge as the frontrunner in the
near future, paving the way for enhanced accessibility and localized production
of these life-saving devices.
In addition, the
growth of the domestic sector will not only contribute to the overall economic
development of the country but also create employment opportunities and foster
technological advancements in the field of medical device manufacturing. By
nurturing a thriving domestic market, India can position itself as a global
leader in the production and innovation of medical devices, further
strengthening its healthcare infrastructure and improving the quality of care
provided to its citizens. The proactive government initiatives
aimed at promoting domestic production will not only reduce dependency on
imports but also enhance self-sufficiency and resilience in times of crisis. The
dominance of the domestic sector in the Oxygen Concentrators Market in India is
not just a reflection of the current market dynamics, but a strategic approach
to ensure long-term sustainability and self-reliance in the healthcare sector.
With the right policies and investments in place, India has the potential to
become a global powerhouse in medical device manufacturing, benefiting both the
domestic market and the international healthcare community.
Based on region, the North
region of India emerges as a dominant force in the Oxygen Concentrators Market
due to the region's high population density, coupled with its extensive
healthcare infrastructure, drives significant demand for medical oxygen
equipment. With major cities like Delhi, Jaipur, and Lucknow serving as medical
hubs, there is a concentrated need for reliable oxygen concentrators to support
patients with respiratory conditions, especially in times of health crises. The
North region experiences harsh winters and pollution levels, exacerbating
respiratory issues among the population and increasing the requirement for
supplementary oxygen therapy. This heightened demand fosters a thriving market
for oxygen concentrators, catering to both homecare patients and healthcare
facilities. The North region benefits from the presence of numerous
manufacturing units and distribution networks, facilitating easy access to a
wide range of oxygen concentrator models and brands. This accessibility,
coupled with competitive pricing and after-sales service, contributes to the
region's dominance in the market. Proactive government initiatives and public
health campaigns in states like Uttar Pradesh, Haryana, and Punjab emphasize
the importance of respiratory care and oxygen therapy, further stimulating market
growth.
Major companies
operating in India Oxygen Concentrators Market are:
- Philips India Limited
- BPL Medical Technologies Private Limited
- Nidek Medical India Private Limited
- Sanrai Med India Private Limited
- Kannu Impex (India) Private Limited
- Monarch Meditech
- MediKart HealthCare Systems Private Limited
- Technocare Medisystems
- GPC Medical Limited
- Nareena Life Sciences Private Limited
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“The Indian
Oxygen Concentrators market is poised to witness substantial growth in the
upcoming years. This growth can be attributed to the escalating healthcare
expenditures and the surging prevalence of respiratory diseases in the country. With continuous advancements in technology, the market is expected to
be propelled forward by the development of portable oxygen concentrators. These
innovative devices not only provide convenience and mobility to patients but
also contribute to improved access to respiratory care, especially in remote
areas. As a result, the Indian Oxygen Concentrators market is anticipated to
experience a remarkable surge in demand, driving the overall growth of the
healthcare industry in the region.,” said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based management consulting firm.
“India Oxygen
Concentrators Market By Type (Portable and Stationary), By Technology
(Continuous Flow, Pulse Flow, Continuous/Pulse Flow), By Flow-rate (0-5l/min,
5-10l/min, Above 10l/min), By Source (Import, Domestic), By Distribution
Channel (Wholesalers/Distributors/Suppliers, Online, Direct Sales), By Offering
(Rental , New Sales), By Application (COPD, Lung Cancer, Asthma, COVID-19,
Others), By End User (Hospitals & Clinics, Ambulatory Care Centers, Home
Care), By Region, Competition, Forecast & Opportunities, 2020-2030F”, has evaluated the future growth
potential of India Oxygen Concentrators Market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in India Oxygen Concentrators Market.
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