Portable oxygen concentrators market Exhibit a Remarkable CAGR 8.5% Size, Share, Trends, Key Drivers, Demand, Opportunity Analysis and Competitive Outlook

Data Bridge Market Research analyses that the portable oxygen concentrators market which is USD 1.58 billion in 2022, is expected to reach USD 3.03 billion by 2030, at a CAGR of 8.5% during the forecast period 2023 to 2030. 

Market Overview

A portable oxygen concentrator (POC) is a medical device component that helps patients with low blood oxygen levels. It is used to provide patients with extra oxygen. The oxygen provided by portable oxygen concentrator devices is more concentrated than that found in the atmosphere. This module collects, purifies, and transmits air. The operation of an oxygen concentrator is straightforward. The portable oxygen concentrator is easy to transport, safer, smaller in size, and less expensive. It reduces the risk of a heart attack and respiratory illness, and improves mental clarity and general mood.

Explore Further Details about This Research Portable Oxygen Concentrators Market Report https://www.databridgemarketresearch.com/reports/global-portable-oxygen-concentrators-market

Portable Oxygen Concentrators Market Dynamics

Drivers

Rising number of chronic diseases

The growing geriatric population is increasing the demand for home care settings, particularly in developed countries. The rising number of patients suffering from chronic obstructive pulmonary disease (COPD) and respiratory diseases as a result of unhealthy lifestyle choices such as marijuana, cigars, and pipes consumption among the young population and workplace exposure to hazardous substances is expected to drive demand for portable oxygen concentrators during the forecast period.

Rise in advanced technologies

Manufacturers' use of advanced technologies in the production of oxygen concentrators is also driving market growth. Companies are focusing on developing products with higher efficacy and lower costs to meet the growing demand for portable oxygen concentrators. For instance, in June 2021, Servotech Power Systems announced the launch of a medical-grade oxygen concentrator in India and raised awareness of the product to increase sales for manufacturers by collaborating with prestigious educational institutions such as IIT Jammu.

Furthermore, investment funding and appropriate reimbursement policies implemented by the government and private institutions are propelling market growth. Strategic activities such as mergers and acquisitions among organizations encourage and create platforms for new market participants.

Increase in the proportion of elderly people

The ageing population, which is susceptible to these ailments, as well as the rising demand for practical portable technology, are driving the market forward. The rise in everyday pollutant exposure will also have a significant impact on the compressed air extractor market. Aside from that, rising urbanisation and discretionary economic levels are driving the portable gas concentrator industry's growth. Rising healthcare spending and people's constantly changing lifestyles are two other key market factors that will propel the market for portable gas condensers even further.

Opportunities

Rising cases of COPD and continuous new product launches

Increased adoption of portable oxygen concentrators in developing countries as a result of rising incomes and technological advancements will create opportunities for the portable oxygen concentrators market during the forecast period. Globally, the number of people suffering from chronic obstructive pulmonary disease (COPD) is rising, particularly in India and China. As a result, the global demand for portable oxygen concentrators will rise.

Furthermore, companies' increased investment in the production of continuous flow portable oxygen concentrators and pulse flow portable oxygen concentrators will fuel market growth during the forecast period.

Some of the major players operating in the portable oxygen concentrators market are:

Smiths Medical, Inc. (U.S.)
ResMed (U.S.)
Invacare Corporation (U.S.)
Zadro Health Solutions (U.S.)
Koninklijke Philips N.V (Netherlands)
Chart Industries, Inc. (U.S.)
Nidek Medical (India)
Inogen, Inc. (U.S.)
Drive DeVilbiss Healthcare (U.S.)
O2 CONCEPTS LLC., (U.S.)
GCE Group (Sweden)
CAIRE Inc. (U.S.)
Precision Medical, Inc. (U.S.)
Besco Medical Co., LTD (China)
Foshan Keyhub Electronic Industries Co. Ltd. (China)
Philips Respironics (U.S.) 

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Portable Oxygen Concentrators Market Size, Share, Size & Forecast by different segment | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations

Key questions answered in the Portable Oxygen Concentrators Market are: 

What is Portable Oxygen Concentrators Market?
What was the Portable Oxygen Concentrators Market size in 2022?
What are the different segments of the Portable Oxygen Concentrators Market?
What growth strategies are the players considering to increase their presence in Portable Oxygen Concentrators Market?
What are the upcoming industry applications and trends for the Portable Oxygen Concentrators Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Portable Oxygen Concentrators Market?
What major challenges could the Portable Oxygen Concentrators Market face in the future?
What segments are covered in the Portable Oxygen Concentrators Market?
Who are the leading companies and what are their portfolios in Portable Oxygen Concentrators Market?
What segments are covered in the Portable Oxygen Concentrators Market?
Who are the key players in the Portable Oxygen Concentrators Market?

Browse Related Reports:

https://dbmrnews123.blogspot.com/2024/03/portable-oxygen-concentrators-market.htmlhttps://dbmrnews123.blogspot.com/2024/03/the-rehabilitation-equipment-market.htmlhttps://dbmrnews123.blogspot.com/2024/03/the-drug-discovery-informatics-market.htmlhttps://dbmrnews123.blogspot.com/2024/03/digital-pills-market-forecast-to-2029.html

Contact Us:-
Data Bridge Market Research
US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
Email:- corporatesales@databridgemarketresearch.com

About Data Bridge Market Research:

An absolute way to forecast what future holds is to comprehend the trend today!

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavours to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process. Data Bridge is an aftermath of sheer wisdom and experience which was formulated and framed in the year 2015 in Pune.

Data Bridge Market Research has over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe. Data Bridge adepts in creating satisfied clients who reckon upon our services and rely on our hard work with certitude. We are content with our glorious 99.9 % client satisfying rate.

This release was published on openPR.