The global portable oxygen concentrators market was capitalized for USD 210.8 Million in 2019 and is estimated to reach USD 402.8 Million by the end of 2025, developing at a compound annual growth rate (CAGR) of over 8% during the forecast period 2019–2025. Portable oxygen concentrators are defined as the devices which are used to extract the oxygen from the environment and input in directly through the nostrils of the patient. These are of smaller size and convenient to operate, and can be used in the home care setting & aeroplanes.
Some of the key players in the market Inogen, Inc., Koninklijke Philips N.V., Chart Industries, Inc., Invacare Corporation Drive Devilbiss Healthcare, O2 Concepts LLC., Nidek Medical, GCE Group, Caire Inc., and Besco Medical Co., LTD.
Increase in incidences of respiratory diseases to boost the global portable oxygen concentrators Market
The surge in the incidences of respiratory diseases such as asthma, COPD, Pneumonia, Chronic Bronchitis, and COVID-19 would help the industry to grow in the forecast period. According to the statistics given by Asthma and Allergy Foundation of America in 2019, approximately 25 million Americans are suffering from asthma. This is suggests that about 1 in 13 Americans, including 8 percent of adults and 7 percent of children suffer from asthma.
The global portable oxygen concentrators market is bifurcated on the basis of the delivery system, application, end-user and regional analysis. Based on the delivery system, the market is continuous flow, and pulse flow. Based on the application, market is divided into asthma, chronic obstructive pulmonary disease (COPD), respiratory distress syndrome, chronic bronchitis and others. Furthermore, the market is divided into hospitals, homecare settings and others.
The Asia Pacific Region Expected to Witness fastest Growth in the Global Portable oxygen concentrators Market
Based on geographical analysis, the global portable oxygen concentrators market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The growth of the portable oxygen concentrators market across Asia Pacific is due to the presence of a higher pool of respiratory patients. Furthermore, the surge in healthcare expenditure and new technological advancements will propel the growth of the industry in the region. Rising per capita income as well as growth in the middle-class population is expected to drive the growth of the market. In addition to this, the rise in the ageing population prone to respiratory disorders in this region will boost the growth of the market.
“Portable oxygen concentrators Market - By Delivery system (Continuous flow, and pulse flow), By Application (Asthma, Chronic Obstructive Pulmonary Disease (COPD), Respiratory Distress Syndrome, Chronic Bronchitis and Others), By End-User (Hospitals, Home-care Settings and Others), and By Region - Global Comprehensive Analysis, Forecast (2019-2025) , Industry Perspective.
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The global portable oxygen concentrators market is segmented as follows:
By delivery system:
- Continuous Flow
- Pulse Flow
- Chronic Obstructive Pulmonary Disease (COPD)
- Respiratory Distress Syndrome
- Chronic Bronchitis
By end user:
- Hospitals & Clinics
- Home-care Settings
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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