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 2025-2032


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

Portable Oxygen Concentrators Market Dynamics

Drivers 

Increasing Prevalence of COPD Patients  

  • The portable oxygen concentrators industry is witnessing immense growth in the emerging economies due to increasing disposable income and growing incidences of chronic diseases. This is especially true in countries like India and China, where there is a rise in patients suffering from chronic obstructive pulmonary disorder, resulting in the high demand for POCs. Furthermore, during the forecast period, growth of the market is expected to be aided by companies investing in the production of portable pulse and continuous-flow oxygen suckers. 

Increasing Prevalence of Respiratory Diseases 

  • A rise in people with respiratory diseases including lung cancer, asthma, pulmonary fibrosis, and flu is increasing the development of effective oxygen therapy products. POCs provide a portable and easy-to-use means of providing oxygen therapy to patients who need it, allowing them to maintain their health-related quality of life. The increase in respiratory diseases is directly creating high demand for POCs in the market. Also, POC allows healthcare providers to provide treatment outside of the hospital, such as oxygen therapy at home, thus lessening the stress on the healthcare facilities. POCs are also relatively inexpensive as there is no need for regular and local cylinder refilling or stationary concentrator upkeep. 

Restraints 

Stringent Government Rules and Reimbursement Procedures 

  • The expensive price of the product is the main obstacle preventing the widespread use of portable gas extractors. Due to limited disposable cash and a higher price of the product than in wealthy nations, POC acceptance is limited in emerging economies. Additionally, the market expansion for portable gas extractors is being hampered by the strict restrictions and reimbursement guidelines.  

Lack of Knowledge and Education 

  • Patients and healthcare professionals may not be completely aware of the availability, capabilities, and advantages of portable oxygen concentrators when compared to more conventional oxygen therapy techniques. Even though there are many benefits to these devices many people are not aware of it. This lack of outreach and education initiatives can reduce the demand for POCs and impede market expansion.  
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FAQs

Portable Oxygen Concentrators Market size was valued at USD 344.5 Million in 2023 and is poised to grow from USD 382.05 Million in 2024 to USD 874.11 Million by 2032, growing at a CAGR of 10.9% during the forecast period (2025-2032).

he competitive landscape of the portable oxygen concentrators industry can be characterized by the presence of several key players competing to gain market share. These companies work to innovate their products, widen distribution channels, and even provide after-sales services. In recent time, the dominant players are spending on research and development (R&D) activities to procure advanced product variants. They have also created a POC model line for at-home and travel use. In addition, several top market players are partnering up and indiscriminately indulging in mergers and acquisitions (M&As) to strengthen their market presence and establish an edge over their competitors in the market.  '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'

Increasing Preference for Home-Based Medical Care: Home-based medical care emphasizes the need for portable medical devices that enable patients to receive treatment without being confined to a hospital or clinic. POCs align with this requirement by providing a convenient and lightweight solution for delivering oxygen therapy at home. As a result, the growing preference for home-based care is escalating the demand for portable oxygen concentrators.  

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. 

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Global Portable Oxygen Concentrators Market

Report ID: SQMIG35E2042

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