Press release
Portable Oxygen Concentrators Market 2021 Analysis by Global Manufacturers - Koninklijke Philips N.V, Chart Industries, Inc., Invacare Corporation
The Global Portable Oxygen Concentrators Market Report provides a study with an in-depth overview, describing the product/industry scope and elaborating market outlook and status (2021-2025). The report is curated after in-depth research and analysis by experts. The report provides comprehensive valuable insights on the global Portable Oxygen Concentrators market development activities demonstrated by industry players, growth opportunities, and market sizing with analysis by key segments, leading and emerging players, and geographies.Portable Oxygen Concentrators Market is poised to grow at a CAGR of 8.8% by 2025.
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Top Companies in the Global Portable Oxygen Concentrators Market: Koninklijke Philips N.V, Chart Industries, Inc., Invacare Corporation, Inogen, Inc., Drive Devilbiss Healthcare, O2 Concepts LLC, Nidek Medical, GCE Group, Caire Inc, Precision Medical
Key Market Trends
Application in Asthma is Expected to Cover a Large Market Share
Asthma is one of the major noncommunicable diseases. It is a chronic disease of the air passages of the lungs which inflames and narrows them. According to a World Health Organization 2017 report, there are approximately 235 million people suffering from asthma globally. As per this report, there were 383,000 deaths due to asthma in 2015. Moreover, the prevalence of asthma seems to be increasing. The portable oxygen concentrators can be easily carried and hence are found to be very useful for asthma patients. Hence, increasing the prevalence of asthma is expected to help the portable oxygen concentrators market grow.
Regional Analysis:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
North America is Expected to Dominate the Portable Oxygen Concentrators Market
The prevalence of respiratory disorders is high in North American countries. According to the Centers for Disease Control and Prevention (CDC) 2017, 1 in every 13 people have asthma in the United States and this prevalence translates to more than 25 million US population. In 2014, 8.1% of Canadians aged 12 and older, roughly 2.4 million people, has reported that they had been diagnosed with asthma, as per Statistics Canada (Ministery of Innovation, Science and Industry). This has thus created the high demand for portable oxygen concentrators for therapies like oxygen therapy.
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