Press release
Europe Portable Oxygen Concentrators Market - Covid-19 Impact, Growth Analysis and Upcoming Demand to 2027
The Europe Portable Oxygen Concentrators Market is projected to reach US$ 710.25 million by 2027 from US$ 381.70 million in 2019. The market is estimated to grow at a CAGR of 8.2% from 2020 to 2027.A portable oxygen concentrator (POC) is a tool used to administer oxygen treatment to patients who need greater doses of oxygen than that in normal air. It's comparable to concentrators with home oxygen (OC), but is reduced in size and more mobile. These devices enable patients to carry their oxygen along with them and help them to continue their usual activities allowing the freedom to continue a normal lifestyle. Growing prevalence of respiratory disorders, rise in geriatric population and increasing demand for the portable oxygen concentrators as alternative breathing equipment amidst the COVID-19 pandemic are likely to be responsible for the dominance of the market.
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Factors driving the market growth include rising number of COVID-19 cases and increasing prevalence of respiratory diseases. However, the high cost associated with the portable oxygen concentrators is likely to have a negative impact on market growth.
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Major Key players covered in this report:
• GCE Group (Colfax Corporation)
• Invacare Corporation
• INOGEN INC.
• Koninklijke Philips N.V
MARKET SEGMENTATION
Europe Portable Oxygen Concentrators Market, by Product
• Continuous Flow
• Pulse Flow
Europe Portable Oxygen Concentrators Market, by Application
• COPD
• Asthma
• Respiratory Distress Syndrome
• Others
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The research on the Europe Portable Oxygen Concentrators market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Europe Portable Oxygen Concentrators market on the basis of end user, product type, application, and demography for the forecast period 2020–2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.
This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the Europe Portable Oxygen Concentrators market.
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