"The Portable Oxygen Concentrators Market report analyzes a comprehensive overview of the market, comprising an executive summary that covers core trends evolving in the market. This business report is drafted based on a brief assessment and extensive data collected from the Portable Oxygen Concentrators Market. The collected data include current industry trends and requirements associated with services and manufacturing goods. This global industry analysis report segments and defines the Portable Oxygen Concentrators Market industry, providing in-depth forecasts and a study of the market size. The report further includes various figures, data tables, and an in-depth table of contents on the market. The demand proportion and development of innovative technologies are also revealed in the trustworthy Portable Oxygen Concentrators Market research report.
The large-scale Portable Oxygen Concentrators Market report encompasses key players along with their share (by volume) in key regions such as APAC, EMEA, and the Americas, and outlines the challenges they face. This market document forecasts compound annual growth rate (CAGR) in percentage value for a specific period, aiding the Portable Oxygen Concentrators Market industry in making decisions based on futuristic charts. The report highlights global key manufacturers, defining, describing, and analyzing the market competition landscape. The Portable Oxygen Concentrators Market report provides the market potential for each geographical region based on growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenarios.
Data Bridge Market Research analyses that the portable oxygen concentrators market which is USD 1.58 billion in 2022, is expected to reach USD 3.03 billion by 2030, at a CAGR of 8.5% during the forecast period 2023 to 2030
Explore Further Details about This Research Portable Oxygen Concentrators Market Report https://www.databridgemarketresearch.com/reports/global-portable-oxygen-concentrators-market
| REPORT METRIC | DETAILS |
| Forecast Period | 2023 to 2030 |
| Base Year | 2022 |
| Historic Years | 2021 (Customizable to 2015 - 2020) |
| Quantitative Units | Revenue in USD Billion, Volumes in Units, Pricing in USD |
| Segments Covered | Deliver System (Continuous Flow, Pulse Flow), Application (Chronic Obstructive Pulmonary Disease (COPD), Asthma, Respiratory Distress Syndrome, Sleep Apnea, Others), End-User (Hospitals, Homecare Settings, Ambulatory Surgical Centers, Travel Agents, Others) |
| Countries Covered | U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
| Market Players Covered | Smiths Medical, Inc. (U.S.), ResMed (U.S.), Invacare Corporation (U.S.), Zadro Health Solutions (U.S.), Koninklijke Philips N.V (Netherlands), Chart Industries, Inc. (U.S.), Nidek Medical (India), Inogen, Inc. (U.S.), Drive DeVilbiss Healthcare (U.S.), O2 CONCEPTS LLC., (U.S.), GCE Group (Sweden), CAIRE Inc. (U.S.), Precision Medical, Inc. (U.S.), Besco Medical Co., LTD (China), Foshan Keyhub Electronic Industries Co. Ltd. (China), Philips Respironics (U.S.) |
| Market Opportunities |
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Market Definition
A portable oxygen concentrator (POC) is a medical device component that helps patients with low blood oxygen levels. It is used to provide patients with extra oxygen. The oxygen provided by portable oxygen concentrator devices is more concentrated than that found in the atmosphere. This module collects, purifies, and transmits air. The operation of an oxygen concentrator is straightforward. The portable oxygen concentrator is easy to transport, safer, smaller in size, and less expensive. It reduces the risk of a heart attack and respiratory illness, and improves mental clarity and general mood.
Portable Oxygen Concentrators Market Dynamics
Drivers
- Rising number of chronic diseases
The growing geriatric population is increasing the demand for home care settings, particularly in developed countries. The rising number of patients suffering from chronic obstructive pulmonary disease (COPD) and respiratory diseases as a result of unhealthy lifestyle choices such as marijuana, cigars, and pipes consumption among the young population and workplace exposure to hazardous substances is expected to drive demand for portable oxygen concentrators during the forecast period.
- Rise in advanced technologies
Manufacturers' use of advanced technologies in the production of oxygen concentrators is also driving market growth. Companies are focusing on developing products with higher efficacy and lower costs to meet the growing demand for portable oxygen concentrators. For instance, in June 2021, Servotech Power Systems announced the launch of a medical-grade oxygen concentrator in India and raised awareness of the product to increase sales for manufacturers by collaborating with prestigious educational institutions such as IIT Jammu.
Furthermore, investment funding and appropriate reimbursement policies implemented by the government and private institutions are propelling market growth. Strategic activities such as mergers and acquisitions among organizations encourage and create platforms for new market participants.
- Increase in the proportion of elderly people
The ageing population, which is susceptible to these ailments, as well as the rising demand for practical portable technology, are driving the market forward. The rise in everyday pollutant exposure will also have a significant impact on the compressed air extractor market. Aside from that, rising urbanisation and discretionary economic levels are driving the portable gas concentrator industry's growth. Rising healthcare spending and people's constantly changing lifestyles are two other key market factors that will propel the market for portable gas condensers even further.
Opportunities
- Rising cases of COPD and continuous new product launches
Increased adoption of portable oxygen concentrators in developing countries as a result of rising incomes and technological advancements will create opportunities for the portable oxygen concentrators market during the forecast period. Globally, the number of people suffering from chronic obstructive pulmonary disease (COPD) is rising, particularly in India and China. As a result, the global demand for portable oxygen concentrators will rise.
Furthermore, companies' increased investment in the production of continuous flow portable oxygen concentrators and pulse flow portable oxygen concentrators will fuel market growth during the forecast period.
Key Questions Answered in This Report: –
- How has this Portable Oxygen Concentrators Market performed so far and how will it perform in the coming years?
- Which are the key product types available in this Portable Oxygen Concentrators Market?
- Which are the major application areas in the Portable Oxygen Concentrators Market?
- What are the key distribution channels in the global Portable Oxygen Concentrators Market?
- What are the key regions in this Portable Oxygen Concentrators Market?
- What are the price trends?
- What are the various stages in the value chain of this industry?
- What are the key driving factors and challenges in the market?
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