The newly Portable Oxygen Concentrators market report provided a complete view of the present and future market. Deep analysis of enterprise competition pattern, enterprise product advantages and disadvantages, regional industrial layout characteristics. The base year considered for the study is 2018 and the market size is projected from 2019 to 2026.
Product Information
Portable Oxygen Concentrators are used to deliver oxygen therapy to the patients. The oxygen that is provided by portable oxygen concentrators has a 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 to carry them more freely as they can be accommodated in a car.
On the basis of products, the various types include Continuous flow and Pulse dose. The Continuous flow segment accounted for the largest market share in 2018. The Pulse dose segment is expected to show the fastest growth rate during the forecast period, owing to its leaner size that allows patients to enjoy the freedom of mobility. On the basis of application, the Portable Oxygen Concentrators market is segmented into Hospitals, Homecare, Ambulatory Surgical Centers, and Travel Agents. The Homecare segment dominated the Portable Oxygen Concentrators market in 2018, owing to the increased geriatric population, the prevalence of COPD, and the need for homecare oxygen therapies.
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Market Insights
According to a new research study, the Portable Oxygen Concentrators market size is expected to reach USD 3,138 million by 2026 from USD 1,873 million in 2019, with a compound annual growth rate of 7.65% during the forecast period. The growth can be mainly attributed to the growing prevalence of lung diseases globally and an increasing geriatric population. Moreover, constant technological advancements in the field and the rising awareness about portable oxygen concentrator together with developing healthcare infrastructure are also projected to boost the growth of the market. However, high cost and poor reimbursement for portable oxygen concentrators in some developing countries may restrain the growth of the market.
Regional Segment Analysis
The report focuses on detailed analysis of major regions like North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia), and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
North America held the largest market share of 33.41% in 2018 and is expected to show the same trend over the projected time period. This can be attributed to the increase in the number of smokers, the increase in the elderly population, favorable reimbursement policies, robust healthcare infrastructure, and high purchasing power of healthcare payers in this region.
Asia-Pacific and Europe accounted for a market share of 28.22% and 25.62% respectively in 2018. Asia-Pacific is anticipated to witness significant growth in the following years, owing to the growing demand for effective healthcare solutions and increasing population base. In addition, the increasing prevalence of respiratory disorders, rising disposable income to afford the diagnosis and treatment, and government support are expected to further propel the growth of the market in this region. Europe is expected to show noticeable growth in the near future, owing to the increasing burden of lung cancer, the robust health infrastructure, and increasing demand for high-quality medical devices across the region.
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Competitive Players
The Portable Oxygen Concentrators market is full of competition due to the presence of many large and small companies and local manufacturers. The leading vendors in the market are Invacare, Inogen, Chart (Airsep), Philips, and Devilbiss. Other prominent vendors in the market are Inova Labs, Linde, Teijin, Precision Medical, O2 Concepts, Oxus, AVIC Jianghang, Foshan Kaiya, Haiyang Zhijia, Beijing North Star, Shenyang Canta, Beijing Shenlu, Foshan Keyhub, Shenyang Siasun, Longfian Scitec, Gaoxin Huakang, and others.
Target Audience for this Report
l Portable Oxygen Concentrators manufacturers
l Portable Oxygen Concentrators importers and exporters
l Portable Oxygen Concentrators traders, distributors, and suppliers
l Raw material suppliers of Portable Oxygen Concentrators
l Portable Oxygen Concentrators industry associations
l Product managers, Portable Oxygen Concentrators industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Healthcare organizations
l Research & Clinical Laboratories
l Small and Medium-sized Enterprises (SMEs)
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Portable Oxygen Concentrators Market
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2 Market Trends and Competitive Landscape
3 Segmentation of Portable Oxygen Concentrators Market by Types
4 Segmentation of Portable Oxygen Concentrators Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Portable Oxygen Concentrators Market in Major Countries
7 North America Portable Oxygen Concentrators Landscape Analysis
8 Europe Portable Oxygen Concentrators Landscape Analysis
9 Asia Pacific Portable Oxygen Concentrators Landscape Analysis
10 Latin America, Middle East & Africa Portable Oxygen Concentrators Landscape Analysis
11 Major Players Profile
11.1 Invacare
11.1.1 Invacare Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Inogen
11.3 Chart (Airsep)
11.4 Philips
11.5 Devilbiss
11.6 Inova Labs
11.7 Linde
11.8 Teijin
11.9 Precision Medical
11.10 O2 Concepts
11.11 Oxus
11.12 AVIC Jianghang
11.13 Foshan Kaiya
11.14 Haiyang Zhijia
11.15 Beijing North Star
11.16 Shenyang Canta
11.17 Beijing Shenlu
11.18 Foshan Keyhub
11.19 Shenyang Siasun
11.20 Longfian Scitec
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Key questions answered in the report
l What will the market size and growth rate be in 2026?
l What segment or region will drive or lead the market growth and what are the reasons?
l How will market drivers, constraints and future opportunities affect market dynamics and subsequent analysis of relevant trends?
l What key strategies are used by top vendors to increase revenue?
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