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The North America portable oxygen concentrators market is expected to reach US$ 1,315.42 million by 2027 from US$ 682.73 million in 2019. The market is estimated to grow at CAGR of 8.6% from 2020 to 2027. Factors such as growing prevalence of respiratory diseases and disorders and COVID-19 cases are likely to propel the growth of the market. However, high cost associated with the portable oxygen concentrators is the major factor hindering the market growth.
Portable oxygen concentrators (POCs) empower individuals needing supplemental oxygen to maintain active lifestyles by providing a compact and mobile alternative to traditional home oxygen concentrators. These devices allow users to conveniently carry their oxygen supply, promoting independence and enabling them to engage in everyday activities.
North America portable oxygen concentrators market Strategic Insights:
Data-driven strategic insights for the North America portable oxygen concentrators market offer a deep dive into the industry's dynamics. This analysis encompasses prevailing trends, key market participants, and specific regional characteristics. By providing actionable recommendations grounded in data analytics, these insights equip readers to gain a competitive edge. This can be achieved by pinpointing overlooked market segments or crafting distinctive value propositions. Furthermore, these insights facilitate the anticipation of market shifts, crucial for stakeholders across the spectrum, including investors and manufacturers. Adopting a forward-thinking approach enables proactive positioning for sustained success within this evolving North American market. Ultimately, well-informed strategic decisions, fueled by these insights, pave the way for enhanced profitability and the realization of business objectives.
North America portable oxygen concentrators market Regional Insights:
The regional scope of the North America portable oxygen concentrators market defines the specific geographic areas where businesses operate and compete. A nuanced understanding of local variations is paramount for tailoring effective market strategies. These variations include diverse consumer preferences, such as specific requirements for power plug types or battery life, differing economic landscapes, and distinct regulatory frameworks. By identifying underserved locales or adapting product offerings to meet local demands, businesses can broaden their market penetration. A clear regional focus allows for more efficient resource allocation, targeted marketing initiatives, and improved competitive positioning against local players, ultimately fostering growth within those specific areas.
Segments Covered
North America portable oxygen concentrators market By Product
Continuous Flow
Pulse Flow
North America portable oxygen concentrators market By Application
COPD
Asthma
Respiratory Distress Syndrome
Others
North America portable oxygen concentrators market By End User
Hospitals
Homecare Settings
Others
North America portable oxygen concentrators market By Country
North America
US
Canada
Mexico
North America portable oxygen concentrators market Company Profiles
Koninklijke Philips N.V
Caire Inc. (Chart Industries)
Inogen Inc.
Invacare Corporation
O2 Concepts
Nidek Medical Products, Inc.
Drive DeVilbiss International
GCE Group
Inova labs Inc. (ResMed)
Other Reports:
North America Micro Mobile Data Center Market: https://ekonty.com/blogs/265037/North-America-Micro-Mobile-Data-Center-Market-Latest-Innovations-Top
North America Dental Implants Market: https://github.com/SuryakantGadekar/Business-Market-Insights/issues/65
North America Medical Equipment Maintenance Market: https://sites.google.com/view/medical-equipment-n/home
North America Nutraceuticals Market: https://justpaste.it/giarm
About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
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