Portable Oxygen Concentrators Market Estimated to Grow at CAGR of 8.4% till 2027

According to our new market research study on "Portable Oxygen Concentrators Market to 2027 - COVID-19 Impact and Global Analysis - by Product, Application, and End User," the market is expected to reach US$ 2,934.90 million by 2027 from US$ 1,547.33 million in 2019; it is estimated to grow at a CAGR of 8.4% from 2020 to 2027. The report highlights trends prevailing in the market, and the drivers and restraints pertaining to the market growth. The rising number of COVID-19 cases and increasing prevalence of respiratory diseases are the major factors fueling the market growth. However, high cost associated with the portable oxygen concentrators restrains the growth of the market during the forecast period.

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Leading Players Analysis:

Koninklijke Philips N.V; Caire Inc. (Chart Industries); Inogen Inc.; Invacare Corporation; O2 Concepts; Nidek Medical Products, Inc.; Drive DeVilbiss International; GCE Group; Besco Medical; and Inova labs Inc. (ResMed) are among the leading companies operating in the portable oxygen concentrators market.

Covid-19 Analysis:

The outbreak of COVID-19 was first reported in December 2019 in Wuhan (China). The outbreak is impacting several markets, including the market for portable oxygen concentrators. With the continued spread of COVID-19 around the world, researchers are looking into numerous possible treatment options, including existing options. Portable oxygen concentrators have also gained a lot of attention as a part of the treatment of infected patients. Caire Inc., a US-based company, is offering an innovative portable oxygen concentrator with Airsep. These oxygenators are also being used in other regions, Europe, Asia-Pacific, Middle East and Africa, and South and Central America, in the treatment of COVID-19 cases.

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Segment - By Product:

Based on products, the portable oxygen concentrators market was segmented into continuous flow and pulse flow. In 2019, the continuous flow segment held a larger share in the market and is expected to continue to be a leading shareholder till 2027. This growth is attributed to the high penetration of portable oxygen concentrators with continuous flow, rapid technological advancements, and ongoing use of this equipment in oxygen therapies. On the other hand, the market for pulse flow is expected to grow at a higher CAGR owing to factors such as better efficiency, short-pulse delivery, and travel friendly as well as easy functionality. The pulse flow concentrators are more complex and advanced than that of the continuous flow oxygenators. As the pulse flow oxygen concentrators are smaller machines, these devices generate more modest volumes of oxygen.

Major Features of Portable Oxygen Concentrators Market Report:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Portable Oxygen Concentrators Market.
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global Portable Oxygen Concentrators Market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

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This release was published on openPR.