Press release
Portable Oxygen Concentrators Market is estimated to grow at a CAGR of 19.68% during 2016 to 2021 Inogen, Philips Healthcare, AirSep, Oxygen O2Concepts, Vygon, Nidek Medical, Inova Labs, OSI Systems, Smiths Medical and Teijin.
As per the latest report published by Research Cosmos, the Portable Oxygen Concentrators Market was valued at USD 480 million in 2016 and poised to reach USD 820 million by 2021 growing at a CAGR of 19.68% during the forecast period 2016 to 2021.
Portable Oxygen Concentrators Market Overview:
Portable Oxygen Concentrators are used to deliver oxygen therapy to patients at the places where there is no availability of proper ventilation support. Oxygen supplied by these portable devices has a higher concentration level than ambient air. They have been in use worldwide for decades.
Browse details of 130 numbers of pages research report developed on Portable Oxygen Concentrators Market @ https://www.researchcosmos.com/reports/portable-oxygen-concentrators-market-by-product-type-molecular-sieve-oxygen-permeable-membrane/7908705
Portable Oxygen Concentrators Market Growth Drivers and Restraints:
The global market for portable oxygen concentrators is augmenting mainly due to the growing demand for lightweight and mobile oxygen for patients. Around the world, the demand for these portable oxygen concentrators is favored because of their mobility and long life. Many patients require a constant supply of oxygen in times of illness or diagnosis, and portable devices meet their needs at any place, which explains the growing popularity of this market around the world. Advances in portable oxygen concentrators are also driving growth in the global market. This equipment has been approved by the Federal Aviation Administration (FAA), which has generated a growing demand for these concentrators in the aviation sector.
Previous versions of portable oxygen concentrators were considered unreliable and difficult to use because they were bulky and expensive. With the new generation of technology, they are becoming more mobile, where patients can transport them easily because they can be housed in a car.
Portable Oxygen Concentrators Market Geographic Segmentation:
The global market for portable oxygen concentrators is expected to record a single-digit CAGR over the forecast period. By geographic region, the worldwide market is divided into seven regions, namely North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Japan and Middle East and Africa (MEA). In terms of market revenue, the portable oxygen concentrator market in Asia-Pacific excluding Japan, is expected to post a significant CAGR during the forecast period. Improved economic conditions are driving the growth of the portable oxygen concentrator market in this region.
Ask Free Sample of the report @ https://www.researchcosmos.com/request/portable-oxygen-concentrators-market-by-product-type-molecular-sieve-oxygen-permeable-membrane/7908705
Portable Oxygen Concentrators Market Key Market Players:
Inogen, Philips Healthcare, AirSep, Oxygen O2Concepts, Vygon, Nidek Medical, Inova Labs, OSI Systems, Smiths Medical and Teijin are among the leading companies in the world portable oxygen concentrators market.
Portable Oxygen Concentrators Market Segmentation:
By Type
• Molecular Sieve Oxygen Concentrator
• Oxygen Permeable Membrane Oxygen Concentrator
• Chemical Oxygen Concentrator
By Industry
• Traveling
• Household
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
For any queries, inquire more @ https://www.researchcosmos.com/inquire/portable-oxygen-concentrators-market-by-product-type-molecular-sieve-oxygen-permeable-membrane/7908705
About Us:
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
Contact:
Kevin Stewart
Global Sales Manager
Research Cosmos
www.researchcosmos.com
Blog: https://acutemarketinsights.com
Blog: https://marketreportsweb.com/
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