Portable Oxygen Generator Global Market Report – Top Players (Oxygen Togo, Portable Oxygen Solutions, Inogen, etc.) & Crucial Challenges
The global portable oxygen generator market is expected to grow from USD 1,200 million in 2019 to USD 2,203 million by 2026, registering a CAGR of 9.07% from 2019 to 2026. Global economic development, government policy adjustment, related industrial dynamics, industry upgrading, and competition among enterprises are influencing the development of Portable Oxygen Generator market. A distinctive and comprehensive picture of Portable Oxygen Generator market is embodied in the report.
The growing consumer awareness of O2 therapy devices is boosting the market growth over the forecast period. The major factors that are fueling their global demand are increasing the prevalence of chronic obstructive pulmonary diseases, growing consumer awareness of the oxygen therapy devices, a changing consumer lifestyle, adoption of new technologies, increased government expenditure, and a rise in investment by manufacturing companies towards the production of home care products. Yet, the high cost of the product and stringent regulations regarding medical devices are some of the factors likely to restrain the growth of the global portable oxygen concentrator market during the forecast period.
What is Portable Oxygen Generator
A portable oxygen generator or concentrate is a medical device used to supply oxygen to the patients suffering from respiratory diseases. These devices separate nitrogen as well as oxygen from the air in the environment and then discard the nitrogen and supplies 95% pure oxygen to patients through a mask. These portable ones are smaller as compared to stationary O2 concentrators, that allows patients to easily carry the device. In addition to patients, they are also used by climbers and travel in places where this important gas is inadequate.
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Report Abstract
ü Market Trends and Competitive Landscape
ü Segmentation of Digital Signages Market by Type
ü Segmentation of Digital Signages Market by End-user
ü Market Analysis by Major Region
ü Product Commodity of Digital Signages Market in Major Countries
ü Major Players Profiles
ü Data Source and Research Methodology
Portable Oxygen Generator Type Classification
By product type, the portable oxygen generator market is segmented into Continuous Flow, Pulse Dose, and Others.
Portable Oxygen Generator End-users Classification
Based on the application, this market is divided into Hospitals, Homecare, Ambulatory Surgical Centres, Travel Agents, and Others. The Homecare segment is estimated to account for more than 60% value share of the global portable oxygen concentrator market by 2016 end, which is expected to increase further by the end of 2026. The Hospitals segment is expected to grow at a CAGR of roughly 9% over the forecast period.
Leading Vendors
The leading companies in the portable oxygen generator market are OxygenToGo, Portable Oxygen Solutions, Inogen, Advanced Aeromedical, Inc., Exar, Elanra Medical Devices, Philips, VitalAire, On Site Gas Systems, and Oxus. Some of these companies are adopting inorganic growth strategies in the form of strategic acquisitions and investments to expand their product portfolios, geographical coverage, and manufacturing capabilities. Their global market has been consolidated, with several key players dominating the market. The top four players contributed about 75% of the market share. It is expected that there will be a rise in the future.
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Key regions
In the region-wise outlook, the global portable oxygen generator market is categorized into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. Europe dominated the global portable oxygen generator market in 2018, possessing a market share of 33.50%. European Portable Oxygen Concentrator market is poised to witness a significant growth between 2019 and 2026 owing to rising levels of smoking in the region leading to a rising incidence of respiratory diseases.
North America is the second-largest market in the world, with production values accounting for 32.65%. The growth in North America is majorly attributed to the high prevalence of chronic diseases and aging population base in the region along with the presence of a large number of global manufacturers in countries like the U.S. and Canada. Further, growing awareness about portable oxygen generator is pressurizing manufacturers to develop portable, lighter, and cheaper equipment that can be used while traveling abroad.
However, Asia-Pacific is the emerging market for portable oxygen generator manufacturers owing to increasing preference for home treatment for a growing aging population in the region. High level of pollution in countries such as China and India due to rapid industrialization and urbanization is leading to an increase in respiratory disorders among people, thereby positively impacting the growth of APAC Portable Oxygen Concentrator market. This growth will be complemented by the rising e-commerce industry in the region, making it easier for suppliers to reach the potential market.
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Portable Oxygen Generator Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Portable Oxygen Generator Market by Types
4 Segmentation of Portable Oxygen Generator Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Portable Oxygen Generator Market in Major Countries
7 North America Portable Oxygen Generator Landscape Analysis
8 Europe Portable Oxygen Generator Landscape Analysis
9 Asia Pacific Portable Oxygen Generator Landscape Analysis
10 Latin America, Middle East & Africa Portable Oxygen Generator Landscape Analysis
11 Major Players Profile
11.1 OxygenToGo
11.1.1 OxygenToGo Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Portable Oxygen Solutions
11.3 Inogen
11.4 Advanced Aeromedical, Inc.
11.5 Exar
11.6 Elanra Medical Devices
11.7 Philips
11.8 VitalAire
11.9 On Site Gas Systems
11.10 Oxus
…
• Base year: 2018
• Estimated year: 2019
• Forecast period: 2019 - 2026
Target Audience:
• Portable Oxygen Generator manufacturers
• Technology providers
• Distributors and resellers of Portable Oxygen Generator
• Portable Oxygen Generator industry associations
• Product managers, Portable Oxygen Generator industry administrator, C-level executives of the industries
• Market Research and consulting firms
• Healthcare Organization
• Research & Clinical Laboratories
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