Report Overview

India Oxygen Concentrator Market - Industry Trends & Forecast Report 2027

India’s oxygen concentrator market is growing at a healthy rate owing to the rise in COVID-19 cases. Currently, the market is at a nascent stage, however, it is expected to grow at an alarming rate during the forecast period, i.e., 2021-27. As the second wave of COVID-19 hit the country and the cases of Sars-Cov-2 swelled, the demand for oxygen cylinders has been rising tremendously. Furthermore, the rising prevalence of respiratory medical conditions like asthma, chronic obstructive pulmonary disease (COPD), etc. is fueling the demand for oxygen concentrators in India. At the same time, the Indian government's initiative to tackle India's oxygen crisis in the wake of the second wave of COVID-19 in the country is propelling the sector forward.

Source: Blue Weave Consulting

India Oxygen Concentrator Market - Overview

An oxygen concentrator is a medical device that provides oxygen to patients with respiratory ailments. An oxygen concentrator splits up oxygen and nitrogen from ambient air, eliminates the nitrogen, and then provides patients with pure oxygen via a mask. These concentrators can purify and hold 90% to 95% of pure oxygen which can be provided to patients who are having breathing problems. It should be noted that oxygen concentrators are effective only in patients with mild breathing problems. It should not be given to someone admitted to ICU.

India Oxygen Concentrator Market Forecast and Trends

Growth Drivers

Rising Prevalence of Chronic Obstructive Pulmonary Disease (COPD)

Chronic Obstructive Pulmonary Disease (COPD) is a medical condition that causes airflow obstruction in the lungs, making it difficult to breathe. COPD is a common ailment among the elderly. However, due to increased exposure to irritants, it is becoming more common among the younger generation as well. Thus, the rising prevalence of COPD is fueling the demand for oxygen concentrators in India and is expected to witness growth during the forecast period.

Government Initiatives for Expanding Production of Oxygen Concentrators

India is suffering from a critical scarcity of oxygen cylinders and concentrators as a result of a catastrophic increase in COVID-19 infections. The condition has deteriorated to the point that India is preparing to import over 10,000 oxygen concentrators. The scarcity arose from the lower production and lack of infrastructural development in this sector. Consequently, in order to deal with such crises and avoid them in the future, the government has approved projects aimed at the growth of oxygen cylinder manufacturing plants. This aspect is expected to have a major impact on market growth.

Restraints

High Capital Involvement May Restrict the Market Growth

The production and procurement of oxygen cylinders necessitate a significant capital expenditure, which will be a major impediment to the market's growth in India. Additionally, the cost of capturing and converting O2 from the atmosphere involves intensive technology which adds up to the cost of the final product. Furthermore, a typical oxygen concentrator costs between USD 500 and USD 1200, which is far beyond the means of the average middle-class citizen. Its market growth would be limited due to its unaffordability to the general public.

Impact of Covid-19 on India Oxygen Concentrator Market

India is one of the worst affected countries with the highest number of COVID cases. India surpassed Brazil as the nation with the second-highest number of confirmed COVID-19 cases in April 2021. With over 17,997,267 infections and over 201,000 deaths, India is currently the second-worst-hit country.  In such a situation, the demand for oxygen concentrators is growing tremendously. Since oxygen supply companies and the government were unprepared for such an emergency, the availability of oxygen concentrators was limited, resulting in a massive demand and supply gap in the market that is becoming increasingly difficult to manage. However, it is expected that the market will flourish during the forecast period with proper planning and the establishment of more oxygen concentrator processing plants to meet current demands.

India Oxygen Concentrator Market - By Product Type

Based on product type, India’s oxygen concentrators market is segmented into portable oxygen concentrators and oxygen concentrators. The portable oxygen concentrators registered the highest market demand in the year 2020 and are estimated to witness a promising surge in their CAGR during the forecast period. The portability of the device, which allows the user to take it anywhere, is a major factor that is driving the demand for portable oxygen concentrators. Furthermore, portable concentrators are especially beneficial for elderly people who do not always have someone by their side to carry these concentrators.

Source: Blue Weave Consulting

India Oxygen Concentrator Market - By Application

Based on application the market is categorized into acute medical conditions, chronic diseases, and severe acute respiratory syndrome coronavirus 2 (Sars-Cov-2). The demand for oxygen concentrators in the chronic disease segment was high till now. However, due to the coronavirus outbreak last year, these oxygen concentrators have become more commonly used in cases of Sars-Cov-2. The COVID-19 virus obstructs oxygen supply in both the upper and lower respiratory tracts. As a result, the virus-infected individual must voluntarily provide oxygen from the ambient environment, which is the primary purpose of oxygen concentrators.

India Oxygen Concentrator Market - By End-User

Based on end-users, the market is segmented into hospitals, home care, clinics, travel, and others. The number of emergency cases increased dramatically as the second wave of COVID-19 became more deadly and directly infected the lungs, obstructing oxygen delivery. The sudden increase in demand for oxygen concentrators in hospitals was fueled by patients rushing to the hospitals for immediate care.

India Oxygen Concentrator Market - Regional Insights

Geographically, India’s oxygen concentrator market is segmented into North, South, East, and West. Since Maharashtra is the worst affected state with the highest number of COVID-19 cases all around the country, the Western part of India holds the largest share in the India oxygen concentrator market. Following the West, South India had the highest demand, with Karnataka, Kerala, Tamil Nadu, and Andhra Pradesh being among the worst-affected states with COVID-19.

Competitive Landscape

The leading market players IN the India oxygen concentrator market are Evox, GVS, Equinox, Eloxy, Oxymed, Nareena Lifesciences, BPL, Yuwell, Nidek Medical, SeQual Technologies, Caire, Invacare, Inogen, Philips Respironics, and other prominent players. The market seems to be promising for the new entrants as it is still progressing and there are no giant companies present as of now. The companies present are adopting competitive strategies like partnerships, mergers, joint ventures and are working on expanding their production to meet the prevalent demand in the country.

Recent Developments

• In April 2021, Khalsa Help India (an international NGO that provides humanitarian aid in crisis areas around the world) has announced that Evox 5s oxygen concentrators will be given to Covid-19 patients in home isolation in the national capital. The Evox 5s oxygen generator can purify up to 96% of air and can hold up to 5 liters. It is 15 kilograms in weight and needs very little upkeep.
• In April 2021, Indian government declared that one lakh portable oxygen concentrators will be purchased and 500 oxygen generation plants will be set up with PM-CARES funds.

Scope of the Report

By Product Type 

• Portable Oxygen Concentrator 
• Stationary Oxygen Concentrator
   

By Application

1. Acute Medical conditions

• Asthma
• Pneumonia
• Respiratory Distress Syndrome (RDS)
• Bronchopulmonary Dysplasia (BPD)

2. Chronic Diseases

• Chronic obstructive pulmonary disease (COPD)
• Cystic fibrosis
• Severe Acute Respiratory Syndrome Coronavirus 2 (Sars-Cov-2)
  

By End-User

• Hospital
• Home care
• Clinic
• Travel
• Others
  

By Region

• North
• South
• East
• West

1. Research Framework

1.1. Research Objective

1.2. Product Overview

1.3. Market Segmentation

2.    Research Methodology

2.1. Qualitative Research

2.1.1.   Primary and Secondary Sources

2.2. Quantitative Research

2.2.1.   Primary and Secondary Sources

2.3. Breakdown of Primary Research Respondents

2.3.1.   Secondary Research

2.3.2.   Primary Research

2.4. Breakdown of Primary Research Respondents, By Industry Participants

2.5. Key Questionnaire asked during Primary Interviews

2.6. Key Primary Responses

2.7. Market Size Estimation

2.8. Assumption for the Study

2.9. Market Breakdown & Data Triangulation

3.    Executive Summary

4.    Market Entry Strategy

5.    Go-to Market Strategy

6.    India Oxygen Concentrator Market – Industry Insights

6.1. DROC Analysis

6.1.1.   Growth Drivers

6.1.2.   Restraints

6.1.3.   Opportunity

6.1.4.   Challenges

6.2. Recent Developments / Technical Landscape

6.3. Regulatory Framework

6.4. Porter’s Five Forces Analysis

6.5. Value Chain Analysis

6.6. PESTEL Analysis

6.7. Strategic Outlook

7.    India Oxygen Concentrator Market Overview

7.1. Market Estimates & Forecast by Value, 2017-2027

7.1.1.   By Value (USD Million)

7.1.2.   By Volume

7.2. Market Share & Forecast

7.2.1.   By Product Type

7.2.1.1. Portable Oxygen Concentrator       

7.2.1.2. Stationary Oxygen Concentrator

7.2.2.   By Application

7.2.2.1. Acute Medical conditions

7.2.2.1.1.      Asthma

7.2.2.1.2.      Pneumonia

7.2.2.1.3.      Respiratory Distress Syndrome (RDS)

7.2.2.1.4.      Bronchopulmonary Dysplasia (BPD)

7.2.2.2. Chronic Diseases

7.2.2.2.1.      Chronic obstructive pulmonary disease (COPD)

7.2.2.2.2.      Cystic fibrosis

7.2.2.2.3.      Sleep Apnea

7.2.2.3. Severe Acute Respiratory Syndrome Coronavirus 2 (Sars-Cov-2)

7.2.3.   By End-User

7.2.3.1. Hospital

7.2.3.2. Home care

7.2.3.3. Clinic

7.2.3.4. Travel

7.2.3.5. Others

7.2.4.   By Region

7.2.4.1. North

7.2.4.2. South

7.2.4.3. East

7.2.4.4. West

8.    Competitive Landscape

8.1.1.   List of Key Producers and Their Offerings

8.1.2.   Market Share / Ranking Analysis (2020)

8.1.3.   Competitive benchmarking, By Operating Parameters

9.    COVID-19 Impact

9.1. Future Impact

9.2. Key Developments during COVID-19

9.3. Impact on Market

9.3.1.   Different Scenario

9.3.2.   Impact on Companies

9.4. Regional Impact

10.Key Strategic Recommendations

11. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *

11.1.             Evox

11.2.             GVS

11.3.             Equinox

11.4.             Eloxy

11.5.             Oxymed

11.6.             Nareena Lifesciences

11.7.             BPL

11.8.             Yuwell

11.9.             Nidek Medical

11.10.          SeQual Technologies

11.11.          Caire

11.12.          Invacare

11.13.          Inogen

11.14.          Philips Respironics

11.15.          Other Prominent Players