South America Medical Oxygen Concentrators Market
South America Medical Oxygen Concentrators Market Size, Share & Industry Analysis, By Product Type (Portable Oxygen Concentrators, Stationary Oxygen Concentrators), By Technology (Continuous Flow, Pulse Flow), By Application (Chronic Obstructive Pulmonary Disease (COPD), Asthma, Sleep Apnea, Others), By End User (Hospitals, Home Care Settings, Ambulatory Surgical Centers), By Country (Brazil, Argentina, Colombia, Chile, Peru, Rest of South America) - Share, Size, Outlook, and Opportunity Analysis, 2024-2031.
Market Overview:
The South America Medical Oxygen Concentrators Market is projected to grow at a CAGR of 9.8% from 2024 to 2031. The market value is expected to increase from USD XX in 2024 to USD YY by 2031. Brazil currently dominates the market, driven by its large population, increasing prevalence of respiratory diseases, and improving healthcare infrastructure. Key metrics include rising COPD cases, growing geriatric population, and increasing adoption of home healthcare solutions.
The South American Medical Oxygen Concentrators Market is rapidly expanding, driven by an increase in respiratory disorders and the ongoing COVID-19 epidemic. Rising awareness of the benefits of oxygen therapy, together with technology advances in portable oxygen concentrators, are important drivers of market growth. Furthermore, increasing demand for home-based care and low-cost oxygen delivery systems is driving market expansion.
Market Dynamics:
Market Trend: Shift towards portable and lightweight oxygen concentrators for improved patient mobility
The South American medical oxygen concentrator business is quickly transitioning to portable, lightweight equipment. This shift is being driven by an increased demand for mobility and independence among patients undergoing long-term oxygen therapy. Portable oxygen concentrators (POCs) enable patients to continue their everyday activities and travel more easily, thereby enhancing their overall quality of life.
Manufacturers are developing compact, energy-efficient POCs with longer battery life and improved oxygen generation. For example, in 2023, a leading medical device business launched a new proof-of-concept model in Brazil that weighed only 2.5 kg and had a battery life of up to 5 hours. These advancements are especially enticing to the growing number of active elderly and working-age people with chronic respiratory illnesses.
Changes in healthcare policies in some South American countries also contribute to this tendency. For example, in Argentina, recent changes to national health insurance legislation have increased coverage for portable oxygen devices, making them more accessible to a larger patient group. This adjustment benefits both patients and healthcare systems by lowering long-term expenditures connected with oxygen therapy.
Market Driver: Increasing prevalence of chronic respiratory diseases in South America
The increasing frequency of chronic respiratory ailments, particularly Chronic Obstructive Pulmonary Disorder (COPD) and asthma, is a major driver of the South American medical oxygen concentrator industry. According to the Global Initiative for Chronic Obstructive Lung Disease (GOLD), the prevalence of COPD in Latin America ranges between 7.8% to 19.7%, with higher rates in Brazil and Chile.
A number of factors contribute to the rise in respiratory ailments, including increased smoking rates, urban air pollution, and occupational exposure. According to a study published in the Journal of Brazilian Pneumology, the incidence of COPD among persons over the age of 40 in major Brazilian cities is approximately 15.8%, affecting an estimated 6 million people.
Furthermore, the COVID-19 epidemic has greatly raised demand for oxygen therapy, emphasising the need for dependable oxygen delivery systems. This has resulted in increased government investment in oxygen infrastructure across South America. For example, in 2022, the Colombian government announced a $50 million investment to enhance oxygen supply systems in public hospitals, which included the purchase of concentrators.
Market Restraint: Limited healthcare infrastructure and access in rural areas of South America
The development of medical oxygen concentrators in South America is hampered by a lack of healthcare infrastructure and access, particularly in isolated areas. Many regions lack consistent energy, trained healthcare professionals, and adequate maintenance services, all of which are required for oxygen concentrators to function correctly.
According to a Pan American Health Organisation (PAHO) research, up to 30% of the population in some South American countries does not have access to basic health care, with the disparity being worse in rural areas. This infrastructure deficit impedes the distribution and maintenance of medical oxygen concentrators, limiting market growth in these areas.
Segment Overview:
By Product Type, portable oxygen concentrators are gaining significant traction in the South America Medical Oxygen Concentrators Market.
While stationary oxygen concentrators continue to dominate the industry, portable oxygen concentrators (POCs) are rapidly increasing and gaining popularity throughout South America. This segment's growing popularity is being driven by increased mobility and a preference for home-based care among patients with chronic respiratory illnesses.
Recent advances in POC technology have focused on extending battery life, lowering weight, and increasing oxygen generation. For example, in 2023, a well-known medical device company launched a new point-of-care model in the Brazilian market that provides up to 6 litres per minute of oxygen flow, catering to patients that require additional oxygen. These improvements have aided the segment's expansion, with the South American portable oxygen concentrators market predicted to increase at an 11.5% CAGR between 2024 and 2031, according to regional market data.
The COVID-19 pandemic has hastened the introduction of point-of-care (POC) devices as healthcare organisations seek to limit hospital admissions and promote home-based therapy for people with mild to moderate respiratory symptoms. In Argentina and Colombia, government initiatives to promote home oxygen therapy have increased demand for portable equipment. For example, Argentina's Ministry of Health reported a 30% rise in portable oxygen concentrator prescriptions for home use in 2022 when compared to pre-pandemic levels.
Regional Outlook:
Brazil dominates the South America Medical Oxygen Concentrators Market, holding the largest market share.
Brazil leads the South American Medical Oxygen Concentrators Market due to its huge population, high prevalence of respiratory disorders, and relatively modern healthcare infrastructure. Rising healthcare costs and better understanding of respiratory health contribute to strengthen the country's position.
Brazil has Latin America's largest healthcare market and an established medical device industry. The country's regulatory authority, ANVISA, has been actively working to expedite the certification process for medical equipment, particularly oxygen concentrators, resulting in market expansion. In 2022, ANVISA approved 15% more oxygen therapy devices than the previous year, showing an increase in demand for these items.
Recent agreements between foreign medical equipment manufacturers and local distributors have increased the availability of modern oxygen concentrators in Brazil. For example, in 2023, a prominent global oxygen treatment equipment manufacturer collaborated with a large Brazilian healthcare distributor to launch a new line of smart oxygen concentrators with remote monitoring capabilities.
Telemedicine for respiratory care has also grown in popularity in the country, increasing demand for home oxygen concentrators in the process. According to the Brazilian Telemedicine Association, teleconsultations for respiratory disorders will grow by 40% by 2022, with many resulting in oxygen therapy prescriptions.
Competitive Intelligence:
The South American Medical Oxygen Concentrators Market is dominated by multinational and regional producers, with competition centred on product innovation, pricing, and after-sales service. Leading global corporations are growing their presence in the region by utilising their technological competence and brand familiarity, while local companies are capitalising on their knowledge of regional healthcare systems and distribution networks.
Philips Respironics, a Royal Philips company, commands a sizable market share in South America, particularly in the portable oxygen concentrator segment. The company has enhanced its position by ongoing innovation and strategic collaboration with local healthcare providers. In 2023, Philips will introduce a new proof-of-concept model in Brazil that includes enhanced connection for remote patient monitoring.
Another well-known company, Inogen, Inc., has gained headway in the South American industry by focussing on portable oxygen concentrators that are lightweight and easy to use. The company has expanded its distribution network to include Argentina and Colombia, and South American revenue is expected to grow by 20% in 2022.
Lumiar Health Builders in Brazil, for example, has carved out a niche by producing oxygen concentrators designed exclusively for South American patients and healthcare providers. These companies typically compete on pricing and local service support, both of which are critical in many South American regions.
There has also been a rise in collaborations between oxygen concentrator manufacturers and telehealth providers, with the goal of providing integrated solutions for remote patient monitoring and management. For example, in 2023, a major Brazilian telehealth platform announced a partnership with a worldwide oxygen concentrator manufacturer to offer bundled home oxygen therapy services.
Future market expansion is predicted to be fuelled by the development of more energy-efficient and environmentally friendly oxygen concentrators, as well as the integration of IoT and AI technologies to improve patient monitoring and management. Companies that invest in these areas are likely to acquire a competitive advantage in the rapidly changing South American market landscape.
Analyst Opinion:
The South American Medical Oxygen Concentrators Market is expected to expand rapidly due to rising respiratory ailment rates, an ageing population, and the long-term impacts of the COVID-19 epidemic. The industry is likely to evolve towards more technologically advanced and patient-friendly devices, with an emphasis on portability and connectivity.
The development of oxygen concentrators with built-in air filtration features is an emerging trend to watch, as it answers growing concerns about air pollution in major South American cities. This multi-functional strategy has the potential to expand into new market categories and give innovative enterprises with a competitive advantage.
Another key market influencer is the possibility of public-private collaborations to improve access to oxygen therapy in underserved communities. Governments across South America are increasingly recognising the value of respiratory treatment, which might lead to efforts that enhance market growth while addressing healthcare disparities.
Major Players:
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Philips Respironics (Royal Philips)
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Inogen, Inc.
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Invacare Corporation
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DeVilbiss Healthcare LLC
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Nidek Medical Products, Inc.
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Lumiar Health Builders (Brazil)
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GCE Group (Colfax Corporation)
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CAIRE Inc. (Chart Industries)
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Longfian Scitech Co., Ltd.
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Foshan Keyhub Electronic Industries Co., Ltd.
Key Developments:
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In June 2023, Philips Respironics launched a new cloud-connected portable oxygen concentrator in Brazil that includes remote monitoring and automated flow adjustment.
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In September 2023, Invacare Corporation teamed with a well-known Chilean healthcare provider to supply oxygen concentrators for a national home care program for COPD patients.
1. INTRODUCTION
1.1. Market Definitions & Study Assumptions
1.2. Market Research Scope & Segment
1.3. Research Methodology
2. EXECUTIVE SUMMARY
2.1. Market Overview & Insights
2.2. Segment Outlook
2.3. Country Outlook
3. COMPETITIVE INTELLIGENCE
3.1. Companies Financial Position
3.2. Company Benchmarking -- Key Players
3.3. Market Share Analysis -- Key Companies
3.4. Recent Companies Key Activities
3.5. Pricing Analysis
3.6. SWOT Analysis
4. COMPANY PROFILES (Key Companies list by Country) (Premium)
5. COMPANY PROFILES
5.1. Philips Respironics (Royal Philips)
5.2. Inogen, Inc.
5.3. Invacare Corporation
5.4. DeVilbiss Healthcare LLC
5.5. Nidek Medical Products, Inc.
5.6. Lumiar Health Builders (Brazil)
5.7. GCE Group (Colfax Corporation)
5.8. CAIRE Inc. (Chart Industries)
5.9. Longfian Scitech Co., Ltd.
5.10. Foshan Keyhub Electronic Industries Co., Ltd. (LIST NOT EXHAUSTIVE)
6. MARKET DYNAMICS
6.1. Market Trends
6.1.1. Shift towards portable and lightweight oxygen concentrators for improved patient mobility
6.1.2. Integration of IoT and AI technologies for remote patient monitoring
6.1.3. Development of multi-functional oxygen concentrators with air purification features
6.2. Market Drivers
6.2.1. Increasing prevalence of chronic respiratory diseases in South America
6.2.2. Growing geriatric population and rising demand for home healthcare solutions
6.2.3. Technological advancements in oxygen concentrator design and functionality
6.3. Market Restraints
6.3.1. Limited healthcare infrastructure and access in rural areas of South America
6.3.2. High costs associated with advanced oxygen concentrator technologies
6.4. Market Opportunities
6.5. Porter's Five Forces Analysis
6.5.1. Threat of New Entrants
6.5.2. Bargaining Power of Buyers/Consumers
6.5.3. Bargaining Power of Suppliers
6.5.4. Threat of Substitute Products
6.5.5. Intensity of Competitive Rivalry
6.6. Supply Chain Analysis
6.7. Value Chain Analysis
6.8. Trade Analysis
6.9. Pricing Analysis
6.10. Regulatory Analysis
6.11. Patent Analysis
6.12. SWOT Analysis
6.13. PESTLE Analysis
7. BY PRODUCT TYPE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
7.1. Portable Oxygen Concentrators
7.1.1. Pulse Flow Portable Oxygen Concentrators
7.1.2. Continuous Flow Portable Oxygen Concentrators
7.2. Stationary Oxygen Concentrators
7.2.1. Low-Flow Stationary Oxygen Concentrators
7.2.2. High-Flow Stationary Oxygen Concentrators
8. BY TECHNOLOGY (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
8.1. Continuous Flow
8.1.1. Single-stage Continuous Flow
8.1.2. Multi-stage Continuous Flow
8.2. Pulse Flow
8.2.1. Fixed Minute Volume Pulse Flow
8.2.2. Auto-Adjusting Pulse Flow
9. BY APPLICATION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
9.1. Chronic Obstructive Pulmonary Disease (COPD)
9.1.1. Emphysema
9.1.2. Chronic Bronchitis
9.2. Asthma
9.3. Sleep Apnea
9.4. Others
9.4.1. Pneumonia
9.4.2. Cystic Fibrosis
10. BY END USER (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
10.1. Hospitals
10.1.1. Public Hospitals
10.1.2. Private Hospitals
10.2. Home Care Settings
10.3. Ambulatory Surgical Centers
11. COUNTRY (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
11.1. Brazil
11.1.1. By Product Type
11.1.2. By Technology
11.1.3. By Application
11.1.4. By End User
11.2. Argentina
11.2.1. By Product Type
11.2.2. By Technology
11.2.3. By Application
11.2.4. By End User
11.3. Colombia
11.3.1. By Product Type
11.3.2. By Technology
11.3.3. By Application
11.3.4. By End User
11.4. Chile
11.4.1. By Product Type
11.4.2. By Technology
11.4.3. By Application
11.4.4. By End User
11.5. Peru
11.5.1. By Product Type
11.5.2. By Technology
11.5.3. By Application
11.5.4. By End User
11.6. Rest of South America
11.6.1. By Product Type
11.6.2. By Technology
11.6.3. By Application
11.6.4. By End User
*NOTE: All the countries mentioned in the scope will be provided with (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
By Product Type:
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Portable Oxygen Concentrators
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Stationary Oxygen Concentrators
By Technology:
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Continuous Flow
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Pulse Flow
By Application:
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Chronic Obstructive Pulmonary Disease (COPD)
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Asthma
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Sleep Apnea
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Others
By End User:
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Hospitals
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Home Care Settings
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Ambulatory Surgical Centers
By Country:
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Brazil
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Argentina
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Colombia
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Chile
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Peru
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Rest of South America
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