https://www.acumenresearchandconsulting.com/
Home Services Industry Services Press Releases About Us Blogs Report Store Contact us

Portable Oxygen Concentrators Market - Global Industry Analysis, Market Size, Opportunities and Forecast 2021 - 2030

Published : Jun 2021

Report ID: ARC2686

Pages : 250

Format : Portable Oxygen Concentrators Market - Global Industry Analysis, Market Size, Opportunities and Forecast 2021 - 2030

Oxygen Concentrator is a medical equipment /device which extracts Oxygen from the air around us by removing nitrogen and other gases. Extracted/ Concentrated Oxygen is delivered to the patient through oxygen mask or nasal cannula to improve Oxygenation in the blood.

Market Dynamics

Patients related to COPD and asthma rising on at alarming rate, with the rapid technological advancements in medical devices and availability of advanced infrastructure in order to support the adoption of advanced devices are factors expected to drive the growth of global portable oxygen concentrators market. COPD is the third leading cause of death by disease in the United States. More than 16.4 million people have been diagnosed with COPD, but millions more may have the disease without even knowing it. COPD causes serious long-term disability and early death. Approximately 25 million Americans have asthma. This equals to about 1 in 13 Americans, including 8 percent of adults and 7 percent of children. In 2019, 44.3 percent of children age 18 and younger who had asthma reported having one or more asthma attacks in the past year. Major players approach towards enhancing the customer base and enhance the business through introduction of innovative solutions is expected to support the growth of portable oxygen concentrators market.

In 2019, CAIRE, a global oxygen supply manufacturer launched “FreeStyle® Comfort” a portable oxygen concentrator equipped with autoSAT technology. The addition of the autoSAT, a proven self-adjusting, proprietary clinical feature, ensures the device consistently delivers the oxygen bolus as the user’s respiratory rate changes throughout their daily routine. The product launch helped the company to enhance the business and increase the revenue share.

In 2019, Inogen, Inc., a global medical device manufacturer launched “Inogen One G5“ a portable oxygen concentrator. The product has highest oxygen production capacity per pound of weight, amounting to 1260 ml. The product launch helped the company to enhance the product portfolio and strengthen its position in the US market.

Major players approach towards merger & acquisition in order to increase the business and enhance the product offerings is expected to impact the growth of portable oxygen concentrators market. In 2019, Inogen, Inc., a global medical device manufacturer acquired New Aera Inc., a manufacturer of portable noninvasive ventilators. This acquisition is helped the company to enhance its business. Factors such as high cost of devices and stringent government regulations related to product approval are expected to hamper the growth of global portable oxygen concentrators market. In addition, lack of developed infrastructure in developing countries is expected to challenge the growth of target market. However, increasing government spending on development of healthcare infrastructure and introduction of cost-effective products from manufacturer are factors expected to create new opportunities for players operating in the target market over the forecast period. In addition, favorable business policies by the government and emergence of small & mid-size enterprises with new products are factors expected to support the revenue transaction of portable oxygen concentrators market.

Segment Analysis by Region

The market in North America is expected to account for major revenue share in the global portable oxygen concentrators market due to high patient pool suffering from COPD. Availability of advanced infrastructure for R&D activities and adoption of advanced devices and introduction of new products from manufacture operating in the country are factors expected to support the portable oxygen concentrator’s market growth. In addition, increasing acquisition activities by players with the focus to enhance the business is expected to support the regional market growth.

Competitive Landscape      

The global portable oxygen concentrators market is highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.

Portable Oxygen Concentrators Market Segment Analysis, 2019

The global portable oxygen concentrators market is segmented into delivery system, application, and end use. The delivery system segment is divided into continuous flow and pulse flow.  Among delivery system the continuous flow segment is expected to account for noticeable revenue share in the global portable oxygen concentrators market. The end use segment is bifurcated into hospitals, homecare settings, and others. Among end use the hospital segment is expected to account for major revenue share in the target segment. The players profiled in the report are Koninklijke Philips N.V, Chart Industries, Inc., Invacare Corporation, Inogen, Inc., Drive DeVilbiss Healthcare, O2 CONCEPTS LLC., Nidek Medical, GCE Group, and CAIRE Inc.

Market Segmentation

Market By Delivery System

Continuous Flow
Pulse Flow

Market By Application

Copd
Asthma
Respiratory Distress Syndrome
Others

Market By End Use

Hospitals
Homecare Settings
Others

Market By Geography

North America
•    U.S.
•    Canada

Europe
•    U.K.
•    Germany
•    France
•    Spain
•    Rest of Europe

Asia-Pacific
•    China
•    Japan
•    India
•    Australia
•    South Korea
•    Rest of Asia-Pacific

Latin America
•    Brazil 
•    Mexico
•    Rest of Latin America

Middle East & Africa
•    GCC
•    South Africa
•    Rest of Middle East & Africa

Frequently Asked Questions

Which is the major factor expected to drive the global market?

Patients related to COPD and asthma rising on at alarming rate, with the rapid technological advancements in medical devices and availability of advanced infrastructure in order to support the adoption of advanced devices are factors expected to drive the growth of global portable oxygen concentrators market.

Which segment is growing in application segment?

In application the Copd segment is growing at faster pace.

Which region is expected to grow faster?

In the global market the Asia Pacific region is expected to grow faster.

What are the players considered in the report scope?

Some of the players considered in the report scope are Koninklijke Philips N.V, Chart Industries, Inc., Invacare Corporation, Inogen, Inc., and Drive DeVilbiss Healthcare.

Which region is expected to account for major revenue share in the global market?

The North America is expected to account for major revenue share in the global market.

Which segment is growing faster in end use?

In end use the homecare settings segment is growing at faster pace.

Which is the major factor expected to hamper the growth of global market?

Factors such as high cost of devices and stringent government regulations related to product approval are expected to hamper the growth of global portable oxygen concentrators market.

Select Licence Type

Single User

US$ 4500

Multi User

US$ 7000

Excel Datapack

US$ 2000

Why Acumen Research And Consulting

100%

Customer Satisfaction

24x7

Availability - we are always there when you need us

200+

Fortune 50 Companies trust Acumen Research and Consulting

80%

of our reports are exclusive and first in the industry

100%

more data and analysis

1000+

reports published till date