Portable Oxygen Concentrators Market is Set to Reach US$ 4.0 Bn by year 2031-end, and Expected to Grow at a Whopping CAGR of 10.6% - Transparency Market Research

The global 𝐩𝐨𝐫𝐭𝐚𝐛𝐥𝐞 𝐨𝐱𝐲𝐠𝐞𝐧 𝐜𝐨𝐧𝐜𝐞𝐧𝐭𝐫𝐚𝐭𝐨𝐫𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 demonstrated substantial growth, reaching a value of US$ 1.7 Bn in 2021 and is projected to continue expanding at a CAGR of 10.6% from 2022 to 2031, ultimately exceeding US$ 4.0 Bn by the end of 2031.

The escalating demand for medical oxygen, driven by factors such as an aging population and an increasing incidence of chronic respiratory conditions worldwide, is a key driver behind this growth. The COVID-19 pandemic further fueled short-term sales surges as respiratory illnesses surged, necessitating oxygen concentrators for many patients. As awareness and acceptance of portable oxygen concentrators grow, coupled with a rapidly aging population and a rise in respiratory disorders like COPD, the market is poised for continued expansion. Moreover, advancements in healthcare infrastructure and favorable reimbursement policies are anticipated to further boost the market in the coming years.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅:
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𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

Koninklijke Philips N.V., Inogen, Inc., Chart Industries, Inc., Resmed, Inc., Invacare Corporation, Drive DeVilbiss Healthcare, Precision Medical, Inc., Besco Medical Co. Ltd., Oxus America, Inc. (Oxus), Foshan Keyhub Electronic Industries Co. Ltd., O2 Concepts LLC, and GCE Group.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐏𝐫𝐨𝐝𝐮𝐜𝐭

Pulse Flow
Continuous Flow
Indication
Chronic Obstructive Pulmonary Disease (COPD)
Asthma
Sleep Apnea
Others

𝐄𝐧𝐝-𝐮𝐬𝐞

Homecare
Travel
Hospital
Others

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

In October 2018, NGK SPARK PLUG Co., Ltd. announced the acquisition of oxygen-related product business of CAIRE, Inc. in the U.S., Chart BioMedical (Chengdu) Co., Ltd. in China, and Chart BioMedical Limited in the U.K. to strengthen its position in the portable oxygen concentrators market. This move helped the company to fortify its product portfolio in the market.

In January 2018, ResMed launched 'Mobi,' its second portable oxygen concentrator product, for patients suffering from chronic obstructive pulmonary disease (COPD) and other respiratory conditions

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

North America dominated the global portable oxygen concentrators market in 2021, owing to well-established healthcare infrastructure, increase in awareness about advanced treatment methods, and rise in prevalence of chronic obstructive pulmonary disease (COPD), asthma, and other respiratory conditions that lead to dependence on portable oxygen concentrators as the primary source of oxygen.

The market in Asia Pacific is projected to grow at a significantly high CAGR during the forecast period, led by the rise in COPD patient population, increase in smoking and tobacco usage, improvement in health care infrastructure, rise in awareness and acceptance of advanced portable oxygen concentrators, and increase in disposable income of the people in the region. 

𝐆𝐞𝐭 𝐓𝐡𝐢𝐬 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭, 𝐈𝐧𝐬𝐭𝐚𝐧𝐭𝐥𝐲:
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𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Adoption of wearable oxygen concentrators.
Integration of smart features such as connectivity with smartphones.
Focus on developing eco-friendly and energy-efficient devices.
Expansion of distribution channels through e-commerce platforms.

𝐅𝐮𝐭𝐮𝐫𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

The Portable Oxygen Concentrators Market is poised for exponential growth, driven by technological innovations, increasing healthcare expenditure, and a growing elderly population worldwide. Continued research and development efforts are expected to further enhance device functionality and affordability.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲 𝐏𝐨𝐢𝐧𝐭𝐬:

Market size and growth projections.
Analysis of key market segments and their growth prospects.
Regional dynamics and emerging markets.
Competitive landscape and market concentration.
Regulatory landscape and policy implications.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐌𝐑:

𝐌𝐚𝐭𝐞𝐫𝐧𝐢𝐭𝐲 𝐖𝐞𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/05/15/2669248/0/en/Maternity-Wear-Market-Size-is-Expected-to-Reach-24-6-Million-by-2031-Rising-at-a-Market-Growth-of-4-7-CAGR-During-2023-to-2031-TMR-Study.html

𝐑𝐞𝐜𝐢𝐩𝐫𝐨𝐜𝐚𝐭𝐢𝐧𝐠 𝐂𝐨𝐦𝐩𝐫𝐞𝐬𝐬𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/05/15/2669241/0/en/Latest-Reciprocating-Compressor-Market-Size-is-Expected-to-Reach-US-8-1-Billion-by-2031-Rising-at-a-Market-Growth-of-4-9-CAGR-During-the-Forecast-Period-Transparency-Market-Researc.html

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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