What is the global market size of Portable Oxygen Concentrators Market?

Global 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).

Who are the key vendors in the Global Portable Oxygen Concentrators Market?

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)'

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 News

In March 2023, Philips Respironics launched the SimplyGo Mini portable oxygen concentrator. The SimplyGo Mini is a small and portable concentrator that is designed to be used by people with COPD and other respiratory diseases.

In February 2023, Respironics announced the launch of the SimplyGo portable oxygen concentrator. The SimplyGo is a small and portable concentrator that is designed to be used by people with COPD and other respiratory diseases.

In January 2023, Invacare Corporation launched the EverGO portable oxygen concentrator. The EverGO is a lightweight and portable concentrator that is designed to be used by people with COPD and other respiratory diseases.

Portable Oxygen Concentrators Market Report Snapshots

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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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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

Portable Oxygen Concentrators Market News

Portable Oxygen Concentrators Market Report Snapshots

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What is the global market size of Portable Oxygen Concentrators Market?

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