U.S. & Asia Pacific Portable Medical Oxygen Concentrators Market, by Technology (Pulse Flow, Continuous Flow), by Application (Chronic obstructive pulmonary disease (COPD), Asthma, Respiratory Distress Syndrome, Others), by End User (Hospitals, Homecare Settings, Ambulatory Surgical Centers, Others), and by Region/country (U.S. and Asia Pacific)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Portable oxygen concentrators or POCs are medical devices that use physical means to separate oxygen from the atmosphere in order to produce concentrated, medical-grade gas. Providing oxygen in low-resource environments, such as isolated areas, military combat zones, rural Emergency Medical Services (EMS), and during disasters, becomes costly and time-consuming.
Market Dynamics
Increasing launches of portable oxygen concentrators is expected to drive the market growth during the forecast period. For instance, in July 2020, OMRON Healthcare, an electronic company, launched portable Oxygen Concentrator which provides continuous supply of Oxygen (5L per minute) with over 90% high concentration output.
Increasing prevalence of respiratory disorders are expected to bolster growth of the U.S. & Asia Pacific portable medical oxygen concentrators market. For instance, an article published in Elsevier B.V., a Netherlands-based academic publishing company, in November 2022, the number of people with COPD in China was estimated to be 88.3 million in 2020 and projected to increase to 103.3 million by 2039.
Increasing availability of portable oxygen concentrators in the U.S. and Asia Pacific are expected to drive growth of market over the forecast period. For instance, in July 2021, Belluscura plc, a leading medical device developer focused on lightweight and portable oxygen enrichment technology, announced that it had signed its first U.S. distribution agreement for its X-PLO2R portable oxygen concentrator (POC) portfolio. The distributor, located on the East Coast of the U.S., is an established nationwide seller of supplemental oxygen equipment.
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