Portable Oxygen Concentrators Market 2021-26: Size, Share, Scope, Trends and Forecast
According to the latest report by IMARC Group “ Portable Oxygen Concentrators Market Trends: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The global portable oxygen concentrators market exhibited strong growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 9% during the forecast period (2021-2026).
Portable oxygen concentrators(POCs)are medical devices that separate nitrogen and oxygen from the air and provide pure oxygen to the patient. They come with both a DC adapter to plug into an automobile, boat or motor home and an AC adapter for use in any household outlet. Nowadays, portable oxygen concentrators are available in a variety of sizes, shapes and colors.
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Market Trends
The portable oxygen concentrators market is primarily driven by the rising prevalence of respiratory diseases, such as chronic obstructive pulmonary disease (COPD), asthma and respiratory distress syndrome. Besides this, several technological advancements have prompted manufacturers to introduce compact concentrators with improved design and mobility.
Moreover, with the outbreak of coronavirus disease (COVID-19), there has been a significant demand for portable oxygen concentrators as patients with COPD, pre-existing asthma and other lung problems require these devices to maintain an adequate concentration of oxygen.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Portable Oxygen Concentrators Market Coverage and Segmentation 2021-2026:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Caire Inc. (NGK Spark Plug Co., Ltd) Chart Industries Inc. Drive Devilbiss Healthcare Limited (Drive International LLC) Inogen Inc., Invacare Corporation Koninklijke Philips N.V. Nidek Medical India Pvt Ltd O2 Concepts LLC Precision Medical Inc. (BioHorizons Inc.) Resmed Inc. and Teijin Limited.
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The report has segmented the market on the basis of Product Type, End-User and Region.
Breakup by Technology:
Continuous Flow Pulse Flow
Breakup by Application:
Chronic Obstructive Pulmonary Disease (COPD) Asthma Respiratory Distress Syndrome Sleep Apnea Others
Breakup by End User:
Hospitals Ambulatory Surgery Centers Others
Breakup by Region:
North America (United States, Canada) Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others) Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others) Latin America (Brazil, Mexico, Others) Middle East and Africa
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