DUBLIN--(BUSINESS WIRE)--The "Portable Oxygen Concentrator Market - Forecasts from 2017 to 2022" report has been added to Research and Markets' offering.
Global Portable Oxygen Concentrator market is projected to witness the growth at a CAGR of 11.56% to reach US$1,721 million by 2022, from US$996 million in 2017
Oxygen is a chemical component as well and is exceptionally receptive non-metal and oxidizing specialists that can oxide with numerous components and compounds. Oxygen concentrator incorporates nasal cannula which fits into the nose and oxygen can be provided through it. An oxygen concentrator is generally utilized as a part of homecare settings, surgical focuses, clinics, ambulances and with long therapy treatment patients.
Rising incidence of chronic diseases such as obesity and asthma is significantly driving the demand for portable oxygen concentrators worldwide. Growing global aging population is also boosting the demand for home portable oxygen concentrators across the globe. Moreover, increasing adoption of advanced technologies and rising government expenditure in the healthcare sector are further fuelling the global portable oxygen concentrator market growth. Growing awareness regarding good health and fitness will also bolster the global demand for portable oxygen generation devices. However, high cost of the product and stringent regulations regarding medical devices can impede the growth of the global portable oxygen concentrator market.
Geographically, North America held the largest market share in 2016 and will continue to dominate the global POC market till 2022 by growing at the highest CAGR during the forecast period. This growth is majorly attributed to high prevalence of COPD and ageing population base in the region along with the presence of large number of global POC manufacturers in countries like the U.S. and Canada. Moreover, growing awareness about portable consumer oxygen concentrators is pressurizing manufacturers to develop portable, lighter, and cheaper equipment that can be used while travelling abroad.
European Portable Oxygen Concentrator market will also witness a significant growth between 2017 and 2022 owing to rising levels of smoking in the region leading to rising incidence of respiratory diseases. APAC is the emerging market for POC manufacturers owing to increasing preference for home treatment for growing aging population in the region. High level of pollution in countries such as China and India due to rapid industrialization and urbanization is leading to an increase in respiratory disorders among people, thereby positively impacting the growth of APAC Portable Oxygen Concentrator market. This growth will be complemented by rising e-commerce industry in the region, making it easier for suppliers to reach the potential market.
Prominent key market players in Global Portable Oxygen Concentrator market include Precision Medical, Boost Oxygen, Chart Industries, Invacare, Inogen, and Drive Devilbiss Healthcare among others.
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Portable Oxygen Concentrator Market Forecast by End User (US$ Million)
6. Portable Oxygen Concentrator Market Forecast by Product (US$ Million)
7. Portable Oxygen Concentrator Market Forecast by Geography (US$ Million)
8. Competitive Intelligence
9. Company Profiles
- Longfian Scitech Co., Ltd.
- Precision Medical, Inc.
- Boost Oxygen
- Nidek Medical Products Inc.
- Philips Healthcare
- Drive DeVilbiss Healthcare Ltd
- GCE Group
- Oxus America, Inc
- Invacare Corporation
- Chart Industries
- Inogen
- Oxygen Plus
- Summit Oxygen
- VBOX, Inc.
- ABC Healthcare
For more information about this report visit https://www.researchandmarkets.com/research/jsztsk/portable_oxygen
