Report ID: SQMIG35E2042
Report ID:
SQMIG35E2042 |
Region:
Global |
Published Date: October, 2024
Pages:
157
|
Tables:
61 |
Figures:
76
North America is dominating with the largest portable oxygen concentrators market share. This is because diseases like respiratory diseases, including chronic obstructive pulmonary disease (COPD), asthma and other lung-related problems are among the most common in the region. Respiratory conditions are common in the region due to the relatively aged population and changing environmental and lifestyle. The increasing prevalence of these diseases are growing the demand for POCs among patient requiring oxygen therapy. In addition, the region has a strong healthcare infrastructure, with modern medical facilities, a well-established healthcare system, and high investment in healthcare R&D. Advanced hospitals, clinics and ambulatory surgery centers provide a conducive environment for adopting POCs. The region has a number of major players in the healthcare and medical device industry, creating a research and development culture.
The Asia-Pacific market is witnessing the fastest growth in the portable oxygen concentrators market. This rapid growth is primarily due to the increasing disposable income within the country, rise in amount of cigarette smoke and tobacco use, and an increase in COPD patient. Furthermore, the modernization of health care infrastructure and increased level of awareness and acknowledgment for such innovative portable gas extractors is also driving the market growth in the region. Moreover, it is expected that the increasing population of elderly population in the Asia Pacific, will fuel the market for portable gas generator of the region. In China the increase in health expenditure is a result of faster growth of government infrastructure, urbanization, and economic growth. With the rise in health-care spending and availability of advanced health-care services in China, patients have easy access to concentrators and other medical devices.
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Report ID: SQMIG35E2042