The global portable oxygen concentrator market was approximately USD 453 million in 2018 and is expected to generate around USD 1,051 million by 2027, at a CAGR of around 11.1% between 2019 and 2027.
In addition, 90% of these deaths have been reported in small and medium-sized countries with high levels of air pollution and increased smokers. This scenario provides market participants with favorable growth opportunities, and can carry out awareness programs on the use of oxygen concentrators to significantly improve the quality of life. In addition, the increase in the elderly population base, which is susceptible to chronic diseases, will increase the demand for products, leading the world market.
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According to data released by the United Nations, the world's elderly population is estimated at 962 million in 2017, and is expected to reach 2.1 billion by 2050. The favorable repayment of this concentrator, especially portable devices, is also expected to be positive. Will impact on the market. It is also expected that awareness campaigns like World COPD Day by the Global Obstructive Pulmonary Disease Global Initiative (GOLD) will promote growth to educate and empower patients suffering from COPD.
Portable Oxygen Concentrator Market is analyzed with industry experts in mind to maximize return on investment by providing clear information needed for informed business decisions. This research will help both established and new entrants to identify and analyze market needs, market size, and competition. It explains the supply and demand situation, the competitive scenario, and the challenges for market growth, market opportunities and the threats faced by key players.
Key Players of the Portable Oxygen Concentrator Market Inogen, Koninklijke Philips N.V., CAIRE, Inc. (Chart Industries), Invacare Corporation, O2 CONCEPTS LLC, ResMed, Precision Medical, Inc, Besco Medical Co. LTD., GCE Group, Longfian Scitech Co.,Ltd, Nidek Medical India, Oxus America, DeVilbiss Healthcare LLC.
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Global Portable Oxygen Concentrator Market: Flow Type Analysis
Global Portable Oxygen Concentrator Market: Delivery Method Analysis
- Continuous Flow
- Pulse Flow
Global Portable Oxygen Concentrator Market: End-User Analysis
- Fixed Minute Volume
- Fixed Bolus Volume
- Homecare Settings
- Hospitals and Ambulatory Clinics
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The handheld product sector recorded revenues of USD +93 million in 2018 and is expected to record the fastest CAGR during the forecast period. The main factors that increase the demand for portable portable oxygen concentrators are the increased demand for lightweight and portable concentrators, the growing elderly population base, and the growing young population suffering from COPD. Portable devices are used for oxygen therapy, which has a higher oxygen concentration than ambient air.
Using SWOT analysis to gather and study all the information, you can see the competitive environment vividly in Portable Oxygen Concentrator market. Openings for future market developments were revealed and likewise had a competitive advantage. Taking into account the drift and propensity of this market, it shows that the strategic direction is good. Understand your market base and understand your market data using standards, methodologies, and other driving market trends determined for reference.
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