Global Portable Oxygen Concentrators Market Overview:
Portable oxygen concentrators are used to deliver oxygen therapy to the patients. The oxygen that is provided by portable oxygen concentrators has higher level of concentration than ambient air. Portable oxygen concentrators have been used globally for decades now. The older versions of the portable oxygen concentrators were considered to be unreliable and difficult to use as they were bulky and costly. Over the years, portable oxygen concentrators have been evolved, as manufacturers are improving the design of them and by manufacturing them with a relatively smaller size & higher mobility. As the new generation portable oxygen concentrators have become more mobile, the patients are able carry them more freely as they can be accommodated in a car. Some of the key players profiled in the study are Koninklijke Philips N.V (Netherlands), Inogen, Inc. (United States), Chart Industries, Inc. (United States), O2 Concepts LLC., (United States), Invacare Corporation (United States), GCE Group (Sweden), Drive DeVilbiss Healthcare (United States), Nidek Medical (India) and CAIRE Inc. (United States). According to Market Analyst at AMA, the Global Portable Oxygen Concentrators market may see a growth rate of 13.5% and would reach the market size of USD1590.46 Million by 2024.
On the basis of geography, the market of Portable Oxygen Concentrators has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Delivery System, the sub-segment i.e. Pulse Flow will boost the Portable Oxygen Concentrators market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Homecare Settings will boost the Portable Oxygen Concentrators market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Prevalence of COPD and Asthma
- Growing Demand for Portable Oxygen Concentrators Due To Their Mobility and Long Battery Life
- Increasing Geriatric Population and Advanced Treatment Methods
- Advancement of Established Health Infrastructure
- Increasing Adoption of New Generation Mobile Based Portable Oxygen Concentrators
- High Manufacturing Cost of Oxygen Concentrator
- Growing Awareness Regarding Portable Oxygen Concentrator among Geriatric Population
- Lack of Awareness in Several Underdeveloped Nations
Target Audience:Oxygen Concentrators Manufacturers, Healthcare Institutions (Hospitals And Outpatient Clinics), Oxygen Concentrators Distributors And Sales Firms, Business Research And Consulting Firms, Research Institutes, Organizations, And Consulting Companies, Contract Research Organizations (Cros) And Contract Manufacturing Organizations (Cmos) and Venture Capitalists And Investors
Major Objectives Focused through this Study To define, describe, and forecast the Global Portable Oxygen Concentrators market on the basis of product [Molecular Sieve Oxygen Concentrator, Macromolecule Oxygen Permeable Membrane Oxygen Concentrator, Electrolysis Oxygen Concentrator, Chemical Oxygen Concentrator and Other] , application [Asthma, COPD, Respiratory Distress Syndrome and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Portable Oxygen Concentrators market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Portable Oxygen Concentrators industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Portable Oxygen Concentrators market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.