According to the report, the global portable oxygen concentrator market was approximately USD 453 million in 2018 and is expected to generate around USD 1,051 million by 2026, at a CAGR of around 11.1% between 2019 and 2026.
New York, NY, May 16, 2019 (GLOBE NEWSWIRE) — Zion Market Research has published a new report titled “Portable Oxygen Concentrator Market by Flow Type (Continuous Flow and Pulse Flow), by Delivery Method (Fixed Minute Volume and Fixed Bolus Volume), and by End-User (Homecare Settings, Ambulance, and Hospitals and Ambulatory Clinics): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026”. According to the report, the global portable oxygen concentrator market was approximately USD 453 million in 2018 and is expected to generate around USD 1,051 million by 2026, at a CAGR of around 11.1% between 2019 and 2026.
Portable oxygen concentrator devices have been in use for decades now. The oxygen that is delivered via portable oxygen concentrator devices has maximum concentration than outdoor air. This device receives air, purifies and dispenses the freshly formed air. When the air goes into the oxygen concentrator, it consists of 80% nitrogen and 20% oxygen. The air that comes out from the oxygen concentrator contains 90 to 95% pure oxygen and 5 to 10% nitrogen. The global portable oxygen concentrator market is primarily driven by the growing prevalence of lung diseases globally. Lung cancer is one of the foremost causes of mortality across the globe. Additionally, the rising awareness about portable oxygen concentrator together with developing healthcare infrastructure is likely to unveil new growth platforms for portable oxygen concentrator market in the future.
Browse through 54 Tables & 19 Figures spread over 110 Pages and in-depth TOC on “Global Portable Oxygen Concentrator Market Size & Share 2018: Industry Type, Applications, Segments, Trends, Analysis and Forecast to 2026”.
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The global portable oxygen concentrator market is fragmented on the basis of flow type, delivery method, and end-user. Based on flow type, the global portable oxygen concentrator market includes continuous flow and pulse flow. The continuous flow segment held the major share in the global portable oxygen concentrator market in 2018. The pulse flow segment is expected to show at the highest CAGR, owing to its leaner size that allows patients to enjoy the freedom of mobility.
By delivery method, this global market includes fixed minute volume and fixed bolus volume. The fixed minute volume segment dominated the market in terms of revenue in 2018. Continuous supply of oxygen that increases survival rates, improvements in exercise tolerance, increased stamina, ease of handling, less maintenance, improved battery power, and authorized use of concentrators are some factors attributed to the growth of this segment. The fixed bolus volume segment is foreseen to register the highest growth rate in the future.
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The end-user segment includes homecare settings, ambulance, and hospitals and ambulatory clinics. The homecare settings segment is anticipated to exhibit the highest CAGR along with holding the dominant share of the global portable oxygen concentrator market in the years ahead. This can be attributed to the growing geriatric population, increasing global prevalence of COPD, and escalating demand for home healthcare oxygen therapies. Homecare settings endorse independence and make it safer and easier for patients to follow their daily activities.
The North American portable oxygen concentrator market is anticipated to continue its regional dominance over the projected time period, owing to the increasing number of cigarette smokers, rising geriatric population, favorable reimbursement policies, robust healthcare infrastructure, and high purchasing power of healthcare payers. The U.S. holds the prominent share of this regional market, due to the high prevalence of respiratory diseases that are caused by unhealthy lifestyle and high adoption of novel technologies and therapies in healthcare.
Browse the full “Portable Oxygen Concentrator Market by Flow Type (Continuous Flow and Pulse Flow), by Delivery Method (Fixed Minute Volume and Fixed Bolus Volume), and by End-User (Homecare Settings, Ambulance, and Hospitals and Ambulatory Clinics): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026” Report at https://www.zionmarketresearch.com/report/portable-oxygen-concentrator-market
Europe was the second leading market in 2018 globally and is expected to show noteworthy progress in the years to come. The increasing burden of lung cancer across the region is the major factor for this market’s growth. Moreover, the increasing geriatric population with a rising prevalence of chronic respiratory diseases will further propel the market. Smoking is the biggest cause of preventable deaths in England, accounting for nearly 80,000 deaths annually. One in two smokers dies from a smoking-related disease. Additionally, the robust health infrastructure and increasing demand for high-quality medical devices coupled with favorable government policies are projected to drive this market.
The Asia Pacific portable oxygen concentrator market is proposed to register the highest growth rate in the years ahead. India, China, and Japan are projected to be the prominent countries in the region’s portable oxygen concentrator market. Growing demand for effective healthcare solutions and increasing population base are estimated to drive the Asia Pacific portable oxygen concentrator market. Moreover, the increasing prevalence of respiratory disorders, rising disposable income to afford the diagnosis and treatment coupled with cumulative government initiatives and funding in the region will further enhance this market’ growth.
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Latin America is predicted to show moderate market growth in the future. Brazil dominates the Latin American portable oxygen concentrator market, owing to the high prevalence of respiratory disorders and increasing health awareness. In the Middle East and Africa, African countries are likely to reflect significant market growth owing to increased government funding for R&D.
Some major players operating in the global portable oxygen concentrator market are Nidek Medical, Besco Medical, CAIRE, Invacare Corporation, GCE Holding AB, Philips Healthcare, O2 Concepts, Covidien, Inogen, DeVilbiss Healthcare, and Teijin.
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This report segments the global portable oxygen concentrator market into:
Global Portable Oxygen Concentrator Market: Flow Type Analysis
- Continuous Flow
- Pulse Flow
Global Portable Oxygen Concentrator Market: Delivery Method Analysis
- Fixed Minute Volume
- Fixed Bolus Volume
Global Portable Oxygen Concentrator Market: End-User Analysis
- Homecare Settings
- Hospitals and Ambulatory Clinics
Global Portable Oxygen Concentrator Market: Regional Analysis
- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa
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