Global Portable Oxygen Concentrators Market was valued US$ 195.50 Mn in 2017 and is expected to reach 440.60 Mn by 2026, at a CAGR of 10.70 % during a forecast period.
A portable oxygen concentrator is used to provide oxygen therapy to the patients. The oxygen, which is provided by portable oxygen concentrators has a greater level of concentration than ambient air.
Rising demand for lightweight and portable concentrators, increasing geriatric population base, and growing younger population suffering from COPD owing to the increasing number of smokes are some driving factors, which are expected to boost the global portable oxygen concentrators market growth. Technological advancements in portable oxygen concentrators are also propelling the growth in the global portable oxygen concentrators market. On the other hand, The technical developments and new features of portable oxygen concentrators surge their cost, which is expected to limit the growth in the global portable oxygen concentrator market.
A pulse flow system is the extensively used portable oxygen concentrator. It is widely used owing to its long battery life. Pulse dose technology is safer and reliable than continuous flow technology. These devices are equipped with a sensor with the ability to detect the next inhalation. In some conditions like diagnosis or illness progress, a continuous flow oxygen concentrator is required, who is titrating oxygen into their CPAP or BiPAP therapy.
COPD segment is projected to lead the global portable oxygen concentrators market and will continue its leading position during the forecast period. Some of the prominent key players are focusing on lightweight portable devices for pediatric and aging patients along with mobile oxygen supply with wireless connections to the patients who are suffering from COPD. Additionally growing numbers for acute respiratory distress syndrome, occupational lung diseases, infectious diseases, and other chronic disorders are also expected to increase the product demand.
North America is projected to share significant growth in the global portable oxygen concentrators market. The growth in the market is attributed to the favorable government initiatives like the presence of the Federal Aviation Administration (FAA), which allow the usage of portable concentrators during air travel. Additionally, the presence of some of the many key players like SeQual, Inogen, Invacare, Oxus, AirSep, Philips Respironics, and Inova Labs Inc., in the region is expected to boom the global portable oxygen concentrators market.
Furthermore, Asia Pacific is projected to grow at a XX % rate of CAGR in the global portable oxygen concentrators market during the forecast period. The growing prevalence of COPDs and other respiratory disorders are some of the prominent factors, which are attributing to its rapid growth. Rising healthcare expenditure, increasing awareness concerning the technological advancements used in diagnosis, and growing demand for portable concentrators are expected to boost the market in this region.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analysing the market segments and, project the global portable oxygen concentrators market. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global portable oxygen concentrators market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
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Scope of the Report for Global Portable Oxygen Concentrators Market
Global Portable Oxygen Concentrators Market, By Delivery System
• Continuous Flow
• Pulse Flow
Global Portable Oxygen Concentrators Market, By Application
• Respiratory Distress Syndrome
Global Portable Oxygen Concentrators Market, By End User
• Homecare Settings
Global Portable Oxygen Concentrators Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
• GCE Group
• Caire Inc.
• Drive Devilbiss Healthcare
• O2 Concepts LLC
• Besco Medical Co., LTD
• Koninklijke Philips N.V.
• Dba DeVilbiss Healthcare
• Smiths Medical, Inc.
• Medical Depot, Inc.
• Philips Respironics
• Zadro Health Solutions
• Foshan Keyhub Electronic Industries Co. Ltd.
• Koninklijke Philips N.V
• Chart Industries, Inc.
• Invacare Corporation
• Inogen, Inc.
• Nidek Medical
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