Brandessence Market Research has published a new report title and According to Study “The Portable Oxygen Concentrator Market is valued at USD 184.5 Million in 2017 and expected to reach USD 528.5 Million by 2027 with a CAGR of 11.1% over the forecast period”.
Portable Oxygen Concentrator Market: Global Size, Trends, Competitive, Historical & Forecast Analysis 2021-2027- Rising awareness regarding advanced treatment methods drives the growth of Portable Oxygen Concentrator Market.
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Scope of Portable Oxygen Concentrator Market Report:
Portable oxygen concentrators is used to provide oxygen therapy to the patients. the oxygen provided by portable oxygen concentrators has higher amount of concentration than ambient air. Furthermore, Portable oxygen concentrators have been used worldwide on a large scale. The previous versions of the portable oxygen concentrators were bulky and costly which makes them difficult to use and also considered as unreliable. Over the past few years, portable oxygen concentrators have been developed because manufacturers are improving the design and also by manufacturing the oxygen concentrator with a comparatively smaller size & higher mobility. the next generation of portable oxygen concentrators is lightweight and can be easily carried which makes the life of an individual easy and hassle free.
Many lives across the world were suffering due to Coronavirus and especially those who need time-to-time healthcare. Furthermore, this market is anticipated to see significant growth because of COVID-19 as well as rising prevalence of respiratory disorders all around the world. Furthermore, these products are light in weight and easy to carry along with rising demand for oxygen concentrator in these COVID times are also expected to play the major role in market growth. Furthermore, the supply of oxygen cylinders and concentrators has extremely improved thus and the same is reflecting on the development of the portable oxygen cylinders market. During the pandemic, the manufacturers of oxygen cylinders have established support and encouragement from the governments to produce these products, and even the U.S. FDA has prolonged their support.
Global Portable Oxygen Concentrator Market Segmentation:
The Portable Oxygen Concentrator market is segmented based on Delivery System, Application, End User and region. On the basis of Delivery System, it is classified as Continuous Flow and Pulse Flow. On the basis of Application, it is classified as COPD, Asthma, Respiratory Distress Syndrome and Others. On the basis of End User, it is classified as Hospitals, Homecare Settings and Others.
By Delivery System
Continuous Flow
Pulse Flow
By Application
COPD
Asthma
Respiratory Distress Syndrome
Others
By End User
Hospitals
Homecare Settings
Others
The regions covered in this Market report are North America, Europe, Asia-Pacific and Rest of the World. On the base of nation level, the marketplace is sub divided into U.S., Mexico, Canada, U.K., India, China, Japan, France, Germany, Italy, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Key Players for Portable Oxygen Concentrator Market:
Key players of this market are Chart Industries, Inc., Invacare Corporation, Koninklijke Philips N.V, Inogen, Inc., Drive DeVilbiss Healthcare, Nidek Medical, GCE Group, CAIRE Inc, O2 CONCEPTS LLC and others.
Rising prevalence of respiratory disorders along with growing awareness regarding advanced treatment methods drives the growth of Portable Oxygen Concentrator Market.
The portable oxygen concentrator market is driven by the rising prevalence of chronic obstructive pulmonary diseases and increasing implementation of new technologies as well as changing consumers lifestyle. Additionally, rising government expenditure on healthcare facilities followed by the increasing investments by major manufacturing companies are some of the factors contribute the growth of the portable oxygen concentrators market over the forecast period. On the other hand, new technological advancements in the portable oxygen concentrators is expected to create ample opportunities that will lead to the growth of the portable oxygen concentrators market. However,
High costs is one of the key factors hampering the market growth. Fewer number of approvals for non-portable as well as single-use equipment restricts the market growth to a small extent. Furthermore, due to lack of awareness between the people related with portable oxygen concentrators as well as shortage of technically skilled professionals may hamper the market growth globally.
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North America is expected to dominate Portable Oxygen Concentrator Market.
North America is expected to dominate the portable oxygen concentrator market in terms of market share. The prevalence rate of respiratory disorders is high in North American countries. According to the Centers for Disease Control and Prevention, 1 in every 13 people have asthma in the US and this occurrence translates to more than 25 million US population. Also 8.1% of Canadians aged 12 and older, nearly 2.3 million people, has stated that they had been diagnosed with asthma, as per Statistics Canada. Due to which there is surge in demand for portable oxygen concentrators for therapies.
Moreover, presence of developed healthcare infrastructure and facilities along with high disposable income also fuel the market growth. On the other hand, presence of major market players as well as favourable reimbursement polices is also expected to contribute the market growth. Europe is expected to be the second largest market owing to the increasing prevalence rate of respiratory disorders as well as presence of advanced treatment options. All the above-mentioned factors are expected augment the market growth.
Key Benefits for Portable Oxygen Concentrator Market Report:
Portable Oxygen Concentrator Market report covers in-depth historical and forecast analysis.
Portable Oxygen Concentrator Market place research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
Portable Oxygen Concentrator Market report helps to identify opportunities in marketplace.
Portable Oxygen Concentrator Market report covers extensive analysis of emerging trends and competitive landscape.
Portable Oxygen Concentrator Market By Regional & Country Level:
North America
U.S.
Canada
Europe
U.K.
France
Germany
Italy
Asia Pacific
China
Japan
India
Southeast Asia
Latin America
Brazil
Mexico
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
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