Portable Oxygen Concentrator Market: This Technological Advanced Product can Change Lives for Better

An oxygen concentrator is a device used to deliver concentrated oxygen to a patient requiring oxygen therapy. These devices are considered as a safer, easy to use and inexpensive compared to compressed oxygen cylinders. Portable oxygen concentrator is useful to people using oxygen tanks as a constant supply of oxygen by enabling them mobility. Portable oxygen concentrator acts by increasing the concentration of oxygen by taking a mixture air from its surrounding. Airstep Freestyle, Inogen One G2, Invacare XPO2 and DeVilbiss iGo are some the commercially available portable oxygen concentrators. These devices are also used by mountaineers and people travelling to places where oxygen is inadequate amount.

Perceive the Commercial Extensive Data of Portable Oxygen Concentrators at:
http://bit.ly/2eFamlD

Major factors expected to drive the market for portable oxygen concentrators include its ability to provide oxygen under all circumstances and worldwide aging population coupled with COPD and other respiratory diseases. Advantages associated with these devices such as they weigh less, easy to use and more affordable are also predicted to drive the market further. WHO suggests that approximately 65 million people are suffering from moderate to severe chronic obstructive pulmonary disease across the globe. In 2005, an estimated 3 million people died because of COPD. North America and Europe are the market leaders because of high level of consumer awareness and approval by regulatory authorizes of these regions. FAA (Federal aviation Administration) approved the onboard use of certain portable oxygen concentrator. In Asia-Pacific, Japan, India, China and Australia are the leaders in the market for portable oxygen concentrators. In Latin America, Mexico and Brazil are expected to witness a substantial growth in coming years due to continuously increasing healthcare expenditure in the region.

Read the Market Structure of Portable Oxygen Concentrators: http://www.transparencymarketresearch.com/portable-oxygen-concentrators.html

Some of the major companies operating in this market are Inogen, Philips Healthcare, AirSep, O2Concepts Oxlife, Vygon, Nidek Medical, Inova Labs, OSI Systems, Smiths Medical and Teijin.

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.