Global Portable Oxygen Concentrators Market

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

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Portable Oxygen Concentrators Market size was valued at USD 1.47 billion in 2021 and is poised to grow from USD 1.59 billion in 2022 to USD 2.82 billion by 2030, at a CAGR of 8.5% during the forecast period (2023-2030).

To broaden their product portfolio and geographic reach, market participants are implementing a variety of methods, including alliances, collaborations, mergers and acquisitions, and product creation. 'Inogen (United States)', 'Philips Healthcare (Netherlands)', 'Invacare Corporation (United States)', 'Chart Industries, Inc. (United States)', 'Drive DeVilbiss Healthcare (United States)', 'Nidek Medical Products, Inc. (Japan)', 'Precision Medical, Inc. (United States)', 'ResMed Inc. (United States)', 'Besco Medical Co., Ltd. (China)', 'Inova Labs Inc. (United States)', 'GCE Group (Sweden)', 'O2 Concepts LLC (United States)', 'Nuvectra Medical (United States)', 'AirSep Corporation (United States)', 'Teijin Limited (Japan)', 'Smith’s Group plc (United Kingdom)', 'Getinge AB (Sweden)', 'Longfian Scitech Co., Ltd. (China)', 'Applied Home Healthcare Equipment (United States)', 'Intersurgical Ltd. (United Kingdom)', 'Beijing North Star Company Limited (China)'

Governments in various countries have taken initiatives to support the use of portable oxygen concentrators. They have implemented reimbursement policies and provided subsidies for respiratory care devices, making them more accessible and affordable for patients. These supportive measures have positively impacted the market growth.

The rising prevalence of chronic respiratory diseases such as chronic obstructive pulmonary disease (COPD), asthma, and sleep apnea is a major driving factor for the portable oxygen concentrators market. These devices are crucial in managing the oxygen needs of patients with respiratory conditions, thereby improving their quality of life.

At 37.1% of the 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.

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Global Portable Oxygen Concentrators Market

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