Increasing health awareness among the population is driving the growth of Global Portable Oxygen Concentrators Market in the forecast years.
According to TechSci Research report, “Global Portable Oxygen Concentrators Market By Type (Molecular Sieve Oxygen Concentrator, Macromolecule Oxygen Permeable Membrane Oxygen Concentrator, Electrolysis Oxygen Concentrator, Chemical Oxygen Concentrator, Others) By Deliver System (Continuous Flow, Pulse Flow) By Application (Chronic Obstructive Pulmonary Disease (COPD), Asthma, Respiratory Distress Syndrome, Sleep Apnea, Others) By End-User (Hospitals, Homecare Settings, Ambulatory Surgical Centers, Others) By Sales Channel (Direct Sales, Distributors) By Region, Competition Forecast & Opportunities, 2026”, the global portable oxygen concentrators market is projected to grow at an impressive CAGR in the forecast period, 2022-2026, owing its growth to the attributes like rising geriatric population and the increased prevalence of the respiratory diseases among the global population. Moreover, the rising cases of the patients suffering from corona virus spread pandemic is anticipated to influence the growth of the global portable oxygen concentrators market in the upcoming five years.
An oxygen concentrator is a gadget that concentrates oxygen from a gas supply, ordinarily from ambient air. The gadget specifically expels nitrogen from gas and supplies an oxygen-improved gas stream. It has molecular sieves that adsorb gases, for example, nitrogen onto the zeolite membrane. The portable oxygen concentrator is utilized for giving oxygen therapy to individuals who require more noteworthy concentration of oxygen, when contrasted with that present in ambient air. Respiratory diseases like chronic obstructive pulmonary disease (COPD), adoption and awareness of portable oxygen concentrator (POC) products, improvement in healthcare infrastructure, and strong reimbursement policies are expected to boost the global portable oxygen concentrators market during the forecast period.
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The global portable oxygen concentrators market is segmented by type, deliver system, application, end user, sales channel, regional distribution, and competitional landscape. Based on delivery system the market is further bifurcated into pulse flow and continuous flow. Pulse flow is anticipated to hold the largest share of the market owing to the advantages of the system like more energy-efficient and longer life of the battery. Also, the adoption of pulse flow portable oxygen concentrators among patients is high owing to the leaner size of these units, which enables patients to enjoy freedom of mobility. Based on application the market is further categorized into chronic obstructive pulmonary disease (COPD), asthma, respiratory distress syndrome, sleep apnea, and others. Chronic obtrusive pulmonary disease (COPD) is anticipated to hold the largest market share in the upcoming five years owing to the growing prevalence of the application all around the globe, along with the efficacy of the oxygen concentrator in supplying the surplus oxygen flow in such conditions.
Some of the major competitors in the market are Smiths Medical, Inc., ResMed Inc., Invacare Corporation Ltd., Nidek Medical Products Inc., Drive Devilbiss Healthcare Ltd., Precision Medical, Inc., O2 Concepts, LLC, GCE Group AB, Caire Inc., Chart Industries, Inc., Inogen, Inc., Philips Respironics Ltd., Besco Medical Co. Ltd., Koninklijke Philips N.V., Oxus America Inc., among others.
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“North America is the most promising region owing to the availability of the maximum number of the giant market players. Also, the region supports the excellent healthcare industry that has all the resources for the research and development of the medically advanced devices like portable oxygen concentrators. Increasing cases of COVID-19 in the south Asian countries like India and China is expected to drive the fastest growth of the market in the Asia Pacific region in the upcoming five years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based Global management consulting firm.
“Global Portable Oxygen Concentrators Market By Type (Molecular Sieve Oxygen Concentrator, Macromolecule Oxygen Permeable Membrane Oxygen Concentrator, Electrolysis Oxygen Concentrator, Chemical Oxygen Concentrator, Others) By Deliver System (Continuous Flow, Pulse Flow) By Application (Chronic Obstructive Pulmonary Disease (COPD), Asthma, Respiratory Distress Syndrome, Sleep Apnea, Others) By End-User (Hospitals, Homecare Settings, Ambulatory Surgical Centers, Others) By Sales Channel (Direct Sales, Distributors) By Region, Competition Forecast & Opportunities, 2026”, has evaluated the future growth potential of global portable oxygen concentrators and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global portable oxygen concentrators.
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