Global Portable Oxygen Concentrators Market

Portable Oxygen Concentrators Market Size, Share, Growth Analysis, By Delivery System(Continuous Flow, Pulse Flow), By Application(Copd, Asthma, Respiratory Distress Syndrome, and Others), By End User(Hospitals, Homecare Settings, and Others), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35E2042 | Region: Global | Published Date: October, 2024
Pages: 157 | Tables: 61 | Figures: 76

Portable Oxygen Concentrators Market Competitive Landscape

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.

Top Player’s Company Profiles

  • Inogen 
  • Philips Respironics 
  • ResMed 
  • OxyGo 
  • AirSep 
  • Caire Inc. 
  • Drive Medical 
  • GCE Healthcare 
  • ConvaTec 
  • Invacare 
  • Nidek Medical 
  • ScottCare 
  • Oxygent 
  • VitalAire 
  • AeroVent 
  • Graham-Field Health Products 
  • Linde Healthcare 
  • Medi-Rent 
  • American Medical Technologies 
  • SOMNOMED

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Global Portable Oxygen Concentrators Market size was valued at around USD 306.9 million in 2022 and is expected to rise from USD 344.5 million in 2023 to reach a value of USD 788.2 million by 2031, at a CAGR of 10.9% over the forecast period (2024–2031).

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 ', 'Philips Respironics ', 'ResMed ', 'OxyGo ', 'AirSep ', 'Caire Inc. ', 'Drive Medical ', 'GCE Healthcare ', 'ConvaTec ', 'Invacare ', 'Nidek Medical ', 'ScottCare ', 'Oxygent ', 'VitalAire ', 'AeroVent ', 'Graham-Field Health Products ', 'Linde Healthcare ', 'Medi-Rent ', 'American Medical Technologies ', 'SOMNOMED'

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 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.

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Global Portable Oxygen Concentrators Market

Report ID: SQMIG35E2042

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