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Portable Oxygen Concentrators Market 2021 Analysis by Global Manufacturers - Koninklijke Philips N.V, Chart Industries, Inc., Invacare Corporation

12-28-2021 11:42 AM CET | IT, New Media & Software

Press release from: Market Insights Reports

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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Key Reasons to Purchase:
 
- To gain insightful analyses of the market and have comprehensive understanding of the global Portable Oxygen Concentrators market and its commercial landscape.
 
- Assess the production processes, major issues, and solutions to mitigate the development risk.
 
- To understand the most affecting driving and restraining forces in the market and its impact in the global market.
 
- Learn about the market strategies that are being adopted by leading respective organizations.
 
- To understand the future outlook and prospects for the Portable Oxygen Concentrators market.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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