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)'

What is the key driver of Global Portable Oxygen Concentrators Market?

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.

What is the key market trend for Global Portable Oxygen Concentrators Market?

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.

Which region accounted for the largest share in Portable Oxygen Concentrators Market?

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.

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 News

In July 2023, VARON a major supplier of oxygen concentrators unveiled VP2 in the portable oxygen concentrator range. This device introduces new technology and gives sophisticated features ensuring effective and dependable supply of oxygen to patients.
In January 2023, Invacare Corporation has introduced the EverGO portable oxygen concentrator. EverGO is a small portable concentrator developed for patients with COPD or other respiratory disease.
In March 2022, GRS India in collaboration with Northeast Centre for Technology Application and Reach (NECTAR) announced field-portable small bag pack emergency oxygen concentrator, Oxygen Plus. This product is ideal for straightforward transport in hilly areas inside Northeast India.

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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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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

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?

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

What is the key driver of Portable Oxygen Concentrators Market?

What is the key market trend for Portable Oxygen Concentrators Market?

Which region accounted for the largest share in Portable Oxygen Concentrators Market?

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