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INDIA OXYGEN CONCENTRATORS MARKET

FORECAST & OPPORTUNITIES

FY2017 –FY2027

2

Scope of ReportProduct of Interest (POI): Oxygen Concentrators

Review Period

FY2017 – FY2020

Base Year

FY2021

Estimated Year

FY2022

Forecast Period

FY2023 – FY2027

Year Range

An oxygen concentrator is a device that concentrates the oxygen from a gassupply by selectively removing nitrogen to supply an oxygen-enriched productgas stream. Two methods in common use are pressure swing adsorption andmembrane gas separation.

Market Segmentation

TYPE

• Portable

• Stationary

REGION

• South

• North

• West

• East

• Import

• Domestic

SOURCE

TECHNOLOGY

• Pulse Flow

• Continuous Flow

• Continuous/Pulse

FLOW-RATE

• 0-5l/min

• 5-10l/min

• Above 10l/min

APPLICATION

END USERS

• Hospitals & Clinics

• Ambulatory Care Centers

• Home Care

• COPD

• Pneumonia

• COVID-19

• Hypoxemia

• Others

3

Table of Contents

S. No. Contents Page No.

1.Product Overview (A brief description of the category and product inclusions considered under thescope of the study to give clear picture to the client about the product of interest.)

2.Research Methodology (A detailed methodology on how we have derived the market relatedinformation and what are the measures that has been taken to validate the data.)

3. Executive Summary

4. Impact of COVID-19 on Oxygen Concentrators Market

5. Voice of Customer

6.

India Oxygen Concentrators Market Outlook, FY2017-FY2027F (This chapter includes a brief overview of the product of interest market such as total market’s growth rate, expected growth rate, key growth levers, leading region, top grossing product types, etc. It includes more of a qualitative information about the market.)

6.1. Market Size & Forecast

6.1.1. By Value

6.2.

Market Share & Forecast(This chapter would include the market size i.e., the revenue generated from the India Oxygen Concentrators market in one year. In this case, the market size will be provided in value terms for historic period (FY2017-FY2020); current/base year (FY2021); estimated year (FY2022E); and forecast (FY2023-FY2027))

6.2.1. By Type (Portable v/s Stationary)

6.2.2. By Technology (Pulse Flow, Continuous Flow, Continuous/Pulse)

6.2.3. By Flow-rate (0-5l/min, 5-10l/min, Above 10l/min)

6.2.4. By Source (Import v/s Domestic)

6.2.5. By Application (COPD, Pneumonia, COVID-19, Hypoxemia, Others)

6.2.6. By End Users (Hospitals & Clinics, Ambulatory Care Centers, Home Care)

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Table of Contents

S. No. Contents Page No.

6.2.7. By Region

6.2.8. By Company (FY2021)

6.3. Product Market Map

7. India Portable Oxygen Concentrators Market Outlook, FY2017-FY2027F

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Technology

7.2.2. By Flow-rate

7.2.3. By Source

7.2.4. By Application

7.2.5. By End User

8. India Stationary Oxygen Concentrators Market Outlook, FY2017-FY2027F

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Technology

8.2.2. By Flow-rate

8.2.3. By Source

8.2.4. By Application

8.2.5. By End User

5

Table of Contents

S. No. Contents Page No.

9. Market Dynamics (This chapter assesses the major demand drivers and restraints.)

9.1 Drivers

9.2 Challenge

10.Market Trends & Developments (This section captures recent trends pertaining to manufacturing or consumption, market movements in terms of points of production and consumption, advancements and development)

11. Policy Regulatory and Landscape

12. Product Benchmarking

13. Import & Export Analysis

14. Demand-Supply Analysis

15. India Economic Profile

16. Competitive Landscape

16.1. Competition Outlook

16.2. Company Profiles (Leading Companies)

16.2.1. Company Details

16.2.2. Products & Services

16.2.3. Financials (As Reported)

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Table of Contents

16.2.4. Key Market Focus & Geographical Presence

16.2.5. Recent Developments

16.2.6. Key Management Personnel

17. Strategic Recommendations (Based on the findings of the report strategic recommendations on how to enter and expand market share)

18. About Us & Disclaimer

S. No. Contents Page No.

RESEARCH METHODOLOGY

8

Research Methodology

✓ Identifying Key Opinion

Leaders

✓ Questionnaire Design

✓ In-depth Interviews

Data Collection

Developing List of Respondents

Formulating Questionnaire

Market Profiling

Data Validation

Data Analysis

In-depth secondary research was conducted to

determine top players in the India oxygen

concentrators market, overall market size and segmental market size.

In order to conduct industry experts’

interviews, TechSci formulated a detailed

discussion guide.

List of industry players and industry

specialists was developed.

TechSci conducted interviews with

industry experts and industry players for data collection and

verification.

Data obtained as a result of primary and secondary research was

validated through rigorous

triangulation.

The data was scrutinized using MS-Excel, statistical

tools and internal proprietary database to obtain qualitative and

quantitative insights about the India oxygen

concentrators market.

Data Collection

Data Filter& Analysis

Research &Intelligence

ActionableInsights

BusinessSolution

Primary Research Desk Research Company Analysis

✓ Recent Developments

✓ Market Changing

Aspects/Dynamics

✓ Government Policies

✓ Conclusion

✓ Market Participants

✓ Key Strengths

✓ LinkedIn✓ TechSci Internal

Database

✓ Factiva✓ Hoovers

Paid Types

✓ Company Websites✓ Company Annual

Reports✓ White Paper Study✓ Financial Reports✓ Investor

Presentations✓ Regulatory Body✓ Associations, etc.

Secondary Research

Primary Research

9

Research Methodology

Baseline Methodology

Our dedicated team of industry experts has monitored and analyzed various aspects of India oxygen concentrators market. The team

has analyzed the outlook of various segments of this market, while considering the major influencing factors such as increasing cases of

COVID-19 patients in the country. The study includes market forecasting, which would enable our clients to take better decisions while

planning their strategy to achieve sustainability in India oxygen concentrators market.

Methodology Followed for Calculation of Market Size:

• Market Size By Value: Market size, in terms of value, for the year FY2021 was calculated based on information collected through

exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as oxygen concentrators

providers, channel partners, market influencers & end users, industry experts, and other industry participants.

• The team interviewed more than 15 – 20 oxygen concentrators providers, 45 – 50 channel partners, 80 – 100 end users, and 15 – 20

industry experts and other value chain stakeholders in India oxygen concentrators market to obtain the overall market size for

FY2017-FY2021, which was validated by using Delphi technique. Taking standard deviation into consideration, the market size was

averaged out, to arrive at the market size data during FY2017-FY2021.

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Research Methodology

• Respondents were asked about the current and future market growth rates, market shares by type, by technology, by flow-rate, by

source, by application, by end users, by region and by company. Removing the outlier responses, the geometric mean of growth estimates

and supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue

shares generated across various segments were further triangulated from other stakeholders.

Methodology Followed for Calculation of Market Shares:

Market shares by type, by technology, by flow-rate, by source, by application, by end users, by region and by company were calculated based

on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or

revenue generated from various segments of India oxygen concentrators market. The final shares were calculated by taking the geometric

mean of the responses gathered from key opinion leaders after eliminating the outliers.

Methodology Followed for Forecasting:

• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in

SPSS/Tableau Software.

• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast India

oxygen concentrators market, TechSci Research used various forecast techniques such as:

✓ Moving Average

✓ Time Series Analysis

✓ Regression Analysis

✓ Econometric and Judgmental Analysis

11

Research Methodology

TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also

used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be

noted that the figures compiled are only for the organized market including market share data.

Partial List of Companies Interviewed Key Secondary Types

▪ Philips India Limited

▪ BPL Medical Technologies Private Limited

▪ Nidek Medical India Pvt Ltd

▪ Sanrai Med India Private Limited

▪ GCE India Pvt. Ltd.

▪ Kannu Impex (India) Pvt. Ltd.

▪ Monarch Meditech

▪ World Bank

▪ TechSci Research Proprietary Database &

Knowledge Repository

▪ Company Annual Reports

▪ Industry Magazines

▪ Industry Reports

▪ News Dailies

▪ Credible Paid Databases

12

Industry Brief

According to TechSci report on, “India Oxygen Concentrators Market By Type (Portable v/s Stationary) By Technology (Pulse Flow v/s

Continuous Flow) By Application (Bronchitis, Pneumonia, COVID-19, Lung Cancer, Others) By End Users (Hospitals & Clinics, Ambulatory Care

Centres, Home Care) By Region, Competition Forecast & Opportunities, FY2027”, India oxygen concentrators market has shown promising

growth in historical years until FY2020 and is expected to continue its growth in upcoming forecast years FY2023 to FY2027. India oxygen

concentrators market owes its growth to the factors like increasing cases of pulmonary diseases among the population along with the surge in

demand of the oxygen concentrators in the healthcare industry owing to the increasing number of chronic patients with respiratory disorders.

Also, the rising number of COVID-19 infected patients is driving the growth of the India oxygen concentrators market in the forecast period until

FY2027.

According to the records of World Health Organization (WHO) about 20 million patients suffer from asthma in the country. To cater their

requirement of the oxygen and to provide it with efficiency and timed supply, the demand for the oxygen concentrator is anticipated to surge the

growth of the market. Moreover, Indian government is undertaking initiatives to improve the access to the disease management, these

innovations coupled with the provision of technologically advanced products will boost the market growth in the next five years. However,

stringent regulatory landscape associated with manufacturing and marketing standards of medical oxygen concentrators may limit product

approvals of product manufacturers.

The India oxygen concentrators market is segmented by type, technology, application, end user, competitional landscape, and regional analysis.

Based on technology, the market is further categorized into pulse flow and continuous flow. Pulse flow oxygen concentrators work on the

principle where it provides puffs of oxygen when the patient inhales. Continuous flow provides oxygen regardless of whether the oxygen patient

is inhaling or exhaling.

Based on application, the market is further fragmented by bronchitis, pneumonia, COVID-19, lung cancer, and others. COVID-19 is anticipated to

hold the largest market share owing to the large number of the patients that is continuously increasing due to the new strain of virus that was

recently discovered. Moreover, other lung problems like bronchitis, is also anticipated to hold a significant market share owing to the increased

pollution and foul air quality of the country. Based on end user the market is categorized on the basis of hospitals & clinics, ambulatory care

centres, home care. Hospitals & Clinics are anticipated to hold the largest market share in the future five years owing to the large sized tanks and

need of expert monitoring for the supply t be consistent and continuous. Although, homecare is expected to experience the fastest growth in the

market share owing to the pandemic situation the country is struggling with.

Some of the top players in the India oxygen concentrators market are, Philips India Limited, Invacare Corporation India, ResMed India Pvt. Ltd.,

Teijin India Private Limited, Inogen India, AirSep India, Nidek Medical India Pvt Ltd, Sanrai Med India Private Limited (O2 Concepts), GCE India

Pvt. Ltd., Kannu Impex (India) Pvt. Ltd., among others. The companies are involving themselves into research and development for the methods

of better quality, and various quality analysis tests to provide the better products.

“India oxygen concentrators market is anticipated to grow on the factor of rising coronavirus infected patient count in the upcoming five years.

The spread of virus has recently taken a new toll of death counts that has reached to more than one million. Market players who are looking for

expansion or any new players who want to enter the market, may focus over the regions and cities with the higher patient counts and on the

distribution methods for the supply of the product in the otherwise lacking areas,” said Mr. Karan Chechi, Research Director with TechSci

Research, a research based global management consulting firm.

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Sample Data - Snapshot

5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00

FY2017 FY2021 FY2022E FY2027F

By Value (USD Million)

India Oxygen Concentrators Market Size, By Value (USD Million), FY2017–FY2027F

CAGR By Value

XX%CAGR By Value

YY%

25%25%

25%

25%

25%

25%

25%

25%

25%

25%

25%

50%50%

50%

50%

50%

50%

50%

50%

50%

50%

50%

25%25%

25%

25%

25%

25%

25%

25%

25%

25%

25%

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022E

FY2023F

FY2024F

FY2025F

FY2026F

FY2027F

Pulse Flow Continuous Flow Continuous/Pulse

India Oxygen Concentrators Market Share, By Technology, By Value, FY2017–FY2027F

25%25%25%25%25%25%25%25%25%25%25%

50%50%50%50%50%50%50%50%50%50%50%

25%25%25%25%25%25%25%25%25%25%25%

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022E

FY2023F

FY2024F

FY2025F

FY2026F

FY2027F

0-5l/min 5-10l/min Above 10l/min

India Portable Oxygen Concentrators Market Share, By Flow-rate, By Value, FY2017–FY2027F

14

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Report Name: INDIA OXYGEN CONCENTRATORS MARKET

FORECAST & OPPORTUNITIES

FY2017 –FY2027

About Us & Disclaimer

TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in

number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The

proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’

model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich

evaluation of the opportunities available in the market.

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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely,accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considersreliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors oromissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of thisreport. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative marketsize and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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