The global portable oxygen concentrator market is expected to reach an estimated $2.7 billion by 2028 with a CAGR of 8% from 2023 to 2028
The global market for portable oxygen concentrators is expected to experience trends and present opportunities until 2028. The market will be analyzed by its application in various health complications such as chronic obstructive pulmonary disease (COPD), asthma, respiratory distress syndrome, sleep apnea, among other conditions. The technology used will also be taken into account and divided into continuous flow and pulse flow. Additionally, the end uses of the oxygen concentrators will be considered with classifications of home care, non-home care, and others. Finally, the regional analysis of the market will be conducted for North America, Europe, Asia Pacific, and the rest of the world.
Reportlinker.com has recently published a report titled "Portable Oxygen Concentrator Market: Trends, Opportunities, and Competitive Analysis [2023-2028]." This report provides insightful details on the current and future trends in the portable oxygen concentrator market. It also highlights the competitive landscape and identifies key opportunities. The report offers an in-depth analysis of the market dynamics, including drivers, challenges, and opportunities. It provides a thorough understanding of the market segments, such as product type, end-use, and region. Additionally, the report offers a detailed analysis of the major players in the market, their business strategies, and their competitive strengths. One of the key trends identified in the report is the increasing demand for portable oxygen concentrators from the aging population, especially those suffering from respiratory conditions. The report also highlights the trend of manufacturers focusing on developing lightweight and advanced portable oxygen concentrators to cater to the needs of the market. Furthermore, the report identifies North America as the largest market for portable oxygen concentrators, followed by Europe and the Asia Pacific. The report predicts that the Asia Pacific region will witness the fastest growth in the market over the forecast period. Overall, the report provides useful insights for stakeholders in the portable oxygen concentrator market, including manufacturers, suppliers, distributors, and investors, to make informed decisions regarding their business strategies.
The portable oxygen concentrator market seems to have a positive future ahead with potential growth in both home care and non-home care sectors. By 2028, the worldwide portable oxygen concentrator market is predicted to hit $2.7 billion with a Compound Annual Growth Rate (CAGR) of 8% from 2023 to 2028. This market's growth drivers include the increasing numbers of elderly people, higher incidents of respiratory distress syndrome and asthma, and higher adoption rates of portable oxygen cylinders instead of traditional cylinders worldwide.
A report exceeding 150 pages has been created to assist you with making informed choices for your business. A few examples of findings accompanied by relevant data have been provided below.
The market for portable oxygen concentrators is divided into different segments. Rewritten: The market for smaller and mobile oxygen concentrators is categorized into various sections.
The research report provides a projection for the worldwide market of portable oxygen concentrators categorized by usage, technological advancements, end-users, and geographical locations, listed below:
In the market for portable oxygen concentrators, the applications that are taken into account are Chronic Obstructive Pulmonary Disease (COPD), Asthma, Respiratory Distress Syndrome, Sleep Apnea, and several other conditions. The analysis includes the evaluation of the worth of these applications in terms of shipment from the years 2017 to 2028.
The market for portable oxygen concentrators will be analyzed based on the technology used [in terms of its shipment value] from 2017 to 2028. The two main types of technology considered will be continuous flow and pulse flow.
The market for portable oxygen concentrators is classified by its end use, with a value analysis ranging from 2017 to 2028. These end uses include home care, non-home care, and other categories.
The Portable Oxygen Concentrator Market is analyzed by region, including North America, Europe, Asia Pacific, and the Rest of the World. Companies in the market compete based on product quality and focus on expanding their manufacturing facilities, R&D investments, and infrastructural development. Key players in the market include Koninklijke Philips, Inogen Inc, Chart Industries, Resmed, Invacare Corporation, Precision Medical, O2 Concepts, and GCE Group. The continuous flow segment is forecasted to remain larger than the pulse flow segment due to the increasing number of people suffering from respiratory diseases. The home care segment is expected to remain the largest due to growing awareness among patients and healthcare providers. North America is projected to remain the largest region, due to increasing cases of COPD and other respiratory diseases. The global portable oxygen concentrator market is estimated to reach $2.7 billion by 2028, growing at a CAGR of 8% from 2023 to 2028. Major drivers for this market include the growing geriatric population and increasing prevalence of respiratory distress syndrome and asthma. The key companies in the market are focused on developing innovative products and technologies, reducing production costs, and expanding their customer base.
Some of the top companies that manufacture portable oxygen concentrators include Koninklijke Philips, Inogen Inc, Chart Industries, Resmed Inc, Invacare Corporation, Precision Medical, O2 Concepts, and GCE Group. The analyst predicts that the continuous flow segment will remain the largest in the future due to the rising number of people diagnosed with respiratory diseases and the acceptance of technological advancements. North America is expected to be the largest market for portable oxygen concentrators for the next five years. This is due to the increasing cases of COPD and other respiratory diseases, growing awareness of advanced treatment methods, and the presence of a well-established healthcare infrastructure. The analyst offers customization options without any additional cost, providing answers to 11 key questions, such as which segments will grow at a faster pace, which regions will have a faster growth rate, and what factors are affecting market dynamics. They also explore the major players in the market and what strategic initiatives those key players are undertaking to promote business growth. Additionally, the report analyzes the emerging trends in this market and the impact of M&A activity in the last five years.
If you have inquiries concerning the market for portable oxygen concentrators, or about the companies that offer such devices and their market share, growth and research, don't hesitate to reach out to Lucintel analyst. Simply send an email to [email protected] and we'll respond to you as quickly as possible. Additionally, you can read the full report at this link: https://www.reportlinker.com/p06470230/?utm_source=GNW
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