Portable Oxygen Concentrators and Accessories Market size is estimated to be USD 2.1 Billion in 2024 and is expected to reach USD 4.5 Billion by 2033 at a CAGR of 8.5% from 2026 to 2033.
The global portable oxygen concentrators and accessories market was valued at approximately USD 2.5 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 11.6% from 2023 to 2030. The increasing prevalence of respiratory diseases such as COPD (Chronic Obstructive Pulmonary Disease) and the rising elderly population are major drivers for the market growth. North America dominated the market in 2022, accounting for around 38% of the global share, owing to advanced healthcare infrastructure, high healthcare spending, and a well established market for respiratory care products. Additionally, Europe held a significant market share, with an estimated 30% in 2022, due to the growing adoption of home healthcare solutions and a rising geriatric population in the region. The Asia Pacific region is expected to witness the highest growth rate during the forecast period, with a CAGR of 14.2%, driven by the increasing demand for cost effective healthcare solutions, rising awareness about respiratory diseases, and improving healthcare access in countries like India and China.
In terms of opportunities, emerging markets in Latin America and the Middle East & Africa are expected to present lucrative growth opportunities for portable oxygen concentrators and accessories. Factors such as increasing healthcare access, government initiatives to improve healthcare systems, and rising incidences of respiratory disorders will contribute to the growth of the market in these regions. The market for accessories such as batteries, portable oxygen tanks, and other ancillary devices is also projected to grow significantly, complementing the rise in portable oxygen concentrator usage. The Asia Pacific region is expected to lead the accessory segment, with robust demand driven by affordability and increasing healthcare accessibility in emerging economies.
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Inogen
Invacare
Philips Respironics
Chart (Airsep)
Inova Labs
Teijin
GCE Group
Drive Medical
Precision Medical
AVIC Jianghang
Foshan Kaiya
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Portable Oxygen Concentrators and Accessories Market
Portable Oxygen Concentrators
Oxygen Concentrator Accessories
Continuous Flow Technology
Pulsed Flow Technology
Hospitals
Home Care Settings
Ambulatory Surgical Centers
Other Healthcare Facilities
Direct Sales
Retail Sales
Online Sales
Rechargeable Batteries
Non-rechargeable Batteries
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Portable Oxygen Concentrators and Accessories Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Portable Oxygen Concentrators and Accessories Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Portable Oxygen Concentrators and Accessories Market, By Type
6. Global Portable Oxygen Concentrators and Accessories Market, By Application
7. Global Portable Oxygen Concentrators and Accessories Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Portable Oxygen Concentrators and Accessories Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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