Global Portable Oxygen Concentrators Market Size & Share to 2027
Global Portable Oxygen Concentrators Market Size, Trends & Growth Opportunity, By Delivery System (Pulse Flow, and Continuous Flow), By Application (COPD, Asthma, Respiratory Distress Syndrome, and Others), By Region and Forecast till 2027
Global Portable Oxygen Concentrators Market
Portable oxygen concentrator is the type of medical device which is used to deliver oxygen therapy to patients at substantially high concentration compared to ambient air and keep maintain oxygen level in blood. These concentrators are divided into two delivery systems such as Pulse Flow, and Continuous Flow.
Market Drivers
Increase in prevalence of Chronic Obstructive Pulmonary Diseases as well as continuous technological advancements for miniaturization of the oxygen concentrators are key driving factors expected to boost the global portable oxygen concentrators market growth over the forecast period. Also, nowadays key manufacturers are focusing on development of new technologies in concentrators which aim to improve the quality of care. It is expected to positively influence the market growth. For instance, in 2018, GCE healthcare had introduced a remote monitoring platform known as clarity for oxygen concentrators. It is used to monitor the patients and regularly send data related to battery life, oxygen purity, and device location. Moreover, rise in geriatric population is another driving factor which is expected to propel the global portable oxygen concentrators market growth.
Market Restraints
However, high cost of device is the major challenging factor which is expected to hinder the global portable oxygen concentrators market growth. Also, stringent rules and regulations will affect the market growth during this analysis period.
Market Segmentation
Global Portable Oxygen Concentrators Market is segmented into delivery system such as Pulse Flow, and Continuous Flow, by application such as COPD, Asthma, Respiratory Distress Syndrome, and Others. Further, market is segmented into end user such as Hospitals, Homecare Settings, and Others.
Also, Global Portable Oxygen Concentrators Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Koninklijke Philips N.V., Chart Industries, Inc., Invacare Corporation, Inogen, Inc., Drive Devilbiss Healthcare, O2 Concepts LLC, Nidek Medical, GCE Group , and Caire Inc.
Market Taxonomy
By Delivery System
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