Portable Oxygen Concentrators Market Trends, Share, Growth, Analysis 2022-2027

According to the latest report by IMARC Group “Portable Oxygen Concentrators Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global portable oxygen concentrators market reached a value of US$ 1.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.5 Billion by 2027, exhibiting a CAGR of 8.6% during 2022-2027.

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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Note: 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.

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.

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)

The Middle East and Africa

Competitive Landscape with Key Player:

Caire Inc. (NGK Spark Plug Co., Ltd)

Chart Industries Inc.

Drive Devilbiss Healthcare Limited (Drive International LLC)

Inogen Inc., Invacare Corporation

Royal Philips NV

Nidek Medical India Pvt Ltd

O2 Concepts LLC

Precision Medical Inc. (BioHorizons Inc.)

Resmed Inc. and Teijin Limited.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts, are being done after considering the impact of this pandemic.

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