Portable Oxygen Concentrators Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Portable Oxygen Concentrators Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview 2023-2028:

The global portable oxygen concentrators market size reached US$ 1.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.7 Billion by 2028, exhibiting a growth rate (CAGR) of 8.3% during 2023-2028. The growing prevalence of respiratory disorders, rising demand for convenient home healthcare devices, and increasing geriatric population represent some of the key factors driving the market.     

Portable oxygen concentrators (POCs) refer to medical devices that assist in delivering oxygen therapy to people having low levels of oxygen in their blood. It comprises various delivery modes, such as pulse or on-demand flow and continuous flow, to provide oxygen to the user efficiently. They rely on an electrical source or portable battery to run comfortably and separate oxygen from the atmosphere to produce concentrated and medical-grade gas. POCs are lightweight, compact and can be easily moved from one place to another as compared to a stationary oxygen concentrator. They assist in providing enhanced sleep, improving mental alertness, and boosting the stamina of an individual by enabling a steady flow of oxygen. They are utilized by individuals suffering from various breathing disorders, such as asthma and chronic obstructive pulmonary disease (COPD).

Portable Oxygen Concentrators Market Trends:

At present, the rising demand for POCs on account of the increasing prevalence of respiratory disorders, such as lung cancer, COPD, asthma, pulmonary fibrosis, and flu, among individuals around the world represents one of the key factors supporting the growth of the market. Besides this, technological advancements in POCs, such as improved battery and miniaturized membrane technology, are offering a positive market outlook. Additionally, there is a rise in the need for high-quality oxygen among the masses around the world. This, coupled with the increasing amount of environmental pollution due to carbon dioxide (CO2) emissions, is propelling the growth of the market. Apart from this, the rising demand for POCs by travelers and mountaineers in places wherein the oxygen level is inadequate is offering lucrative growth opportunities to industry investors. Moreover, the increasing demand for convenient and lightweight POC in home care settings due to the rising geriatric population worldwide is positively influencing the market. In addition, the growing expenditure on healthcare infrastructure is contributing to the growth of the market. Furthermore, key players operating in the industry are introducing enhanced POCs that offer a continuous supply of oxygen with high concentration output, which is strengthening the market growth. The rising demand for portable oxygen concentrators for the patients suffering from sleep apnea due to its easy of mobility, is also impelling the market growth.       

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global portable oxygen concentrators market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on technology, application and end user.

Technology Insights:

Continuous Flow
Pulse Flow
 

The report has provided a detailed breakup and analysis of the portable oxygen concentrators market based on the technology. This includes continuous flow and pulse flow. According to the report, pulse flow represented the largest segment.

Application Insights:

Chronic Obstructive Pulmonary Disease (COPD)
Asthma
Respiratory Distress Syndrome
Sleep Apnea
Others
 

A detailed breakup and analysis of the portable oxygen concentrators market based on the application has also been provided in the report. This includes chronic obstructive pulmonary disease (COPD), asthma, respiratory distress syndrome, sleep apnea, and others. According to the report, chronic obstructive pulmonary disease (COPD) represented the largest segment.

End-User Insights:

Hospitals
Ambulatory Surgery Centers
Others
 

A detailed breakup and analysis of the portable oxygen concentrators market based on the end-user has also been provided in the report. This includes hospitals, ambulatory surgery centers, and others. According to the report, ambulatory surgery centers represented the largest segment.

Regional Insights:

North America

United States
Canada


Asia Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others


Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others


Latin America

Brazil
Mexico
Others


Middle East and Africa
 

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for portable oxygen concentrators. Some of the factors driving the North America portable oxygen concentrators market included the rising prevalence of respiratory disorders among the masses, demand for convenient and safe home care solutions, increasing geriatric population, etc.     

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global portable oxygen concentrators market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Caire Inc. (NGK Spark Plug Co. Ltd), Chart Industries Inc., Drive Devilbiss Healthcare Limited (Drive International LLC), Inogen Inc., Invacare Corporation, Koninklijke Philips N.V., Nidek Medical India Pvt Ltd, O2 Concepts LLC, Precision Medical Inc. (BioHorizons Inc.), Resmed Inc., and Teijin Limited., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report:

How has the global portable oxygen concentrators market performed so far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global portable oxygen concentrators market?
What is the impact of each driver, restraint, and opportunity on the global portable oxygen concentrators market?
What are the key regional markets?
Which countries represent the most attractive portable oxygen concentrators market?
What is the breakup of the market based on the technology?
Which is the most attractive technology in the portable oxygen concentrators market?
What is the breakup of the market based on the application?
Which is the most attractive application in the portable oxygen concentrators market?
What is the breakup of the market based on the end-user?
Which is the most attractive end-user in the portable oxygen concentrators market?
What is the competitive structure of the global portable oxygen concentrators market?
Who are the key players/companies in the global portable oxygen concentrators market?