The Latest Comprehensive Industry research study titled, “Portable Oxygen Concentrators Market by Products, Application - Global Industry Analysis and Forecast To 2025”

 

The global Portable Oxygen Concentrators Market is expected to be around $1 billion by 2025. Some of the major factors driving the market growth are high prevalence of severe obstructive pulmonary diseases, favorable government initiatives and convenience of usage. Increasing geriatric population is also expected to favorably contribute to the growth of this market during the forecast period as older adults are more susceptible to respiratory infections such as pulmonary hypertension, COPD and asthma.According to the 2015 World Aging Population report by the UN, between 2015 and 2030, the global population aged 60 years and over is expected to grow by 56% from 901 million to 1.4 billion. This number is projected to rise up to 2.1 billion by 2050. With such significant increase in older population, the demand for portable oxygen concentrators is expected to significantly increase during the forecast period. However, factors such as stringent approval process for portable oxygen concentrators laid by agencies such as FDA can hamper the market growth during the forecast period.

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Key Market Players:

• Precision Medical Inc.

• Invacare Corporation

• Medical Depot

• Inc. dba Drive DeVilbiss Healthcare

• Inogen Inc.

• Chart Industries Inc.

• Koninklijke Philips N.V.

• O2 Concepts

• LLC.

• GCE Group

• Nidek Medical Products Inc.

• Inova Labs Inc.  (a part of ResMed Inc.)

• Teijin Limited

• Besco Medical Co. LTD.

• Oxus America.

 

Pulse flow portable oxygen concentrators segment held a major share of the overall market in 2016 owing to the convenience of controlled oxygen delivery as compared to a continuous flow oxygen concentrator. It pulses air into the breather’s nasal passage way with each breath through a cannula. Continuous flow oxygen concentrator continuously delivers oxygen at a specific and steady rate. Homecare segment dominated the portable oxygen concentrators market holding a major market share in 2016 due to increasing prevalence of geriatric population around the world who prefer homecare settings instead of a hospital setting. Moreover, favorable reimbursement policies for portable oxygen concentrators for homecare   will further boost the growth of this segment over the forecast period.

North America dominated the global portable oxygen concentrators market in 2016 due to high prevalence chronic respiratory disorders and technological advancements resulting in development and commercialization of advanced oxygen concentrator systems. Asia-Pacific portable oxygen concentrators market is expected to witness fastest growth over the forecast period owing to increasing prevalence of geriatric population in the region and increased disposable income in emerging countries such as China and India making homecare oxygen concentrators affordable for the patients.  

Market Opportunities

Technological advancements in treating COPD and asthma will boost the growth of global portable oxygen concentrators market in coming years. Development of easy to use oxygen concentrators that are convenient to be carried around will favorably increase the demand for portable concentrators over the forecast period.

Portable Oxygen Concentrators Market Segmentation:

By Product:

• Pulse Flow Portable Oxygen Concentrators

• Continuous Flow Portable Oxygen Concentrators

By End User:

• Homecare

• Travel Agents

• Hospitals

• Ambulatory  Surgical Centers

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