Portable Oxygen Concentrators Market Business Report 2023 is expected to Reach the Valuation of USD 3.03 billion by 2030 and at CAGR of 8.5%

The “Portable Oxygen Concentrators Market” research report examines the market’s size, dynamics, and growth prospects over the forecast period. Portable Oxygen Concentrators Market report provides quantitative and qualitative data as well as business participants in the supply chain process, assisting market vendors in improving business productivity and operational efficiency. The persuasive Portable Oxygen Concentrators market study takes into account a market attractiveness analysis, where each segment is benchmarked based on its market size, growth rate, and general attractiveness. The comprehensive market research carried out in this business report puts a light on the challenges, market structures, opportunities, driving forces, scope, and competitive landscape for the business. The report divides the Forage Seed market into segments based on market growth, market share, recent trends, market players, micro-macro economic data, and industry attractiveness.

Data Bridge Market Research analyses that the portable oxygen concentrators market which is USD 1.58 billion in 2022, is expected to reach USD 3.03 billion by 2030, at a CAGR of 8.5% during the forecast period 2023 to 2030.

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The key players of the Global Portable Oxygen Concentrators Market are:

Smiths Medical, Inc. (U.S.), ResMed (U.S.), Invacare Corporation (U.S.), Zadro Health Solutions (U.S.), Koninklijke Philips N.V (Netherlands), Chart Industries, Inc. (U.S.), Nidek Medical (India), Inogen, Inc. (U.S.), Drive DeVilbiss Healthcare (U.S.), O2 CONCEPTS LLC., (U.S.), GCE Group (Sweden), CAIRE Inc. (U.S.), Precision Medical, Inc. (U.S.), Besco Medical Co., LTD (China), Foshan Keyhub Electronic Industries Co. Ltd. (China), Philips Respironics (U.S.)

Market Outlook and Segmentation:

By Deliver System (Continuous Flow, Pulse Flow), Application (Chronic Obstructive Pulmonary Disease (COPD), Asthma, Respiratory Distress Syndrome, Sleep Apnea, Others)

By End-User (Hospitals, Homecare Settings, Ambulatory Surgical Centers, Travel Agents, Others)

Market Overview

According to the World Health Organization (WHO), chronic obstructive pulmonary disease (COPD) is the third leading cause of death worldwide, accounting for approximately 3.23 million deaths. Portable oxygen concentrator sales are expected to rise at a healthy rate during the forecast period because people with this disease frequently require oxygen therapy to increase oxygen levels in their blood and improve oxygen supply to their organs.

A portable oxygen concentrator (POC) is a medical device component that helps patients with low blood oxygen levels. It is used to provide patients with extra oxygen. The oxygen provided by portable oxygen concentrator devices is more concentrated than that found in the atmosphere. This module collects, purifies, and transmits air. The operation of an oxygen concentrator is straightforward. The portable oxygen concentrator is easy to transport, safer, smaller in size, and less expensive. It reduces the risk of a heart attack and respiratory illness, and improves mental clarity and general mood.

Portable Oxygen Concentrators Market Dynamics

Drivers

• Rising number of chronic diseases

The growing geriatric population is increasing the demand for home care settings, particularly in developed countries. The rising number of patients suffering from chronic obstructive pulmonary disease (COPD) and respiratory diseases as a result of unhealthy lifestyle choices such as marijuana, cigars, and pipes consumption among the young population and workplace exposure to hazardous substances is expected to drive demand for portable oxygen concentrators during the forecast period.

• Rise in advanced technologies

Manufacturers’ use of advanced technologies in the production of oxygen concentrators is also driving market growth. Companies are focusing on developing products with higher efficacy and lower costs to meet the growing demand for portable oxygen concentrators. For instance, in June 2021, Servotech Power Systems announced the launch of a medical-grade oxygen concentrator in India and raised awareness of the product to increase sales for manufacturers by collaborating with prestigious educational institutions such as IIT Jammu.

Furthermore, investment funding and appropriate reimbursement policies implemented by the government and private institutions are propelling market growth. Strategic activities such as mergers and acquisitions among organizations encourage and create platforms for new market participants.

Some Extract from Table of Contents

• Overview of Global Portable Oxygen Concentrators Market
• Portable Oxygen Concentrators Size (Sales Volume) Comparison by Type
• Portable Oxygen Concentrators Size (Consumption) and Market Share Comparison by Application
• Portable Oxygen Concentrators Size (Value) Comparison by Region
• Portable Oxygen Concentrators Sales, Revenue and Growth Rate
• Portable Oxygen Concentrators Competitive Situation and Trends
• Analyze competitors, including all important parameters of Portable Oxygen Concentrators
• Global Portable Oxygen Concentrators Manufacturing Cost Analysis
• Marketing Strategy Analysis, Research Conclusions

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Portable Oxygen Concentrators market is supposed to show a considerable growth during the forecast period of 2023-2030. The company profiles of all the key players and brands that are dominating the Portable Oxygen Concentrators market have been offered in this report. Their moves like product launches, joint ventures, mergers and acquisitions and the respective effect on the sales, import, export, revenue and CAGR values have been studied completely in the report. The scope of this market report can be expanded from market scenarios to comparative pricing between major players. The emerging trends along with major drivers, challenges and opportunities in the market are also identified and analyzed in the first class Portable Oxygen Concentrators report.

Frequently Asked Questions:

1. What is the study period of this Market Landscape?
2. What is Global Portable Oxygen Concentrators Market size?
3. What is the growth rate of Market Industry?
4. What are the challenges facing the market?
5. Which region has highest growth rate in Market and which region has largest share in Market?
6. Who are the key players in Market?
7. What are sales volume, revenue, and price analysis of key manufacturers of Market?
8. What are top trends and structure shaping the growth of this market?
9. How has the market been segmented and key driving factors and challenges role are the individual segments playing in the market’s growth?
10. What drivers and restrains will impact the development and sizing of the Market?
11. How are regional developments and competitive dynamics influencing the market?

Market Opportunity: Emerging Markets

The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

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The Key Points Covered in Portable Oxygen Concentrators Market Report:

• Portable Oxygen Concentrators market research report is the best solution to know the trends and opportunities in Portable Oxygen Concentrators industry.
• It provides a broader perspective of the market place with its comprehensive market insights and analysis.
• The report provides all-inclusive knowledge and information of swiftly changing market landscape, what already subsists in the market, future trends or market expectations, the competitive environment, and competitor strategies that aids in planning the strategies to outshine the competitors.
• It gives details about market analysis, market definition, market segmentation, key development areas, competitive analysis and research methodology.

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