Product ID: SQMIG35E2042
Portable Oxygen Concentrators Market Size, Share, Growth Analysis, By Application(Chronic Obstructive Pulmonary Disease, Asthma), By Technology(Continuous Flow and Pulse Flow) - Industry Forecast 2024-2031
Report ID:
SQMIG35E2042 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
61 |
Figures:
76
Portable Oxygen Concentrators Market Regional Insights
At 37.1% of the global market's revenue in 2022, North America had the largest revenue share. The presence of big businesses like Imogen, Invacare, and others, as well as the accessibility of a wide range of products, are credited with this. The leading share is also attributable to government initiatives like the Federal Aviation Administration (FAA)'s permission of the use of portable oxygen concentrators during air travel, as well as the rising incidence of respiratory disorders like COPD.
Europe is expected to be a growing market. The region's growth is being driven by the rising elderly population. The demand for oxygen treatment goods has also increased as a result of the longer life expectancy of European residents. This is because the geriatric population is more susceptible to breathing issues and depends on oxygen therapy products to breathe properly. For instance, the proportion of people in the European Union who are 80 years or older is expected to rise from 5.9% to 14.6% between 2020 and 2100, according to Eurostat. This is anticipated to fuel the local demand for portable oxygen concentrators.
Portable Oxygen Concentrators Market Report Snapshots
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