Portable Oxygen Concentrators Market to grow at an Impressive CAGR During the Forecast Period
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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