Portable Oxygen Concentrators Market Scope
Portable oxygen concentrators are used to deliver oxygen therapy to the patients. The oxygen that is provided by portable oxygen concentrators has higher level of concentration than ambient air. Portable oxygen concentrators have been used globally for decades now. The older versions of the portable oxygen concentrators were considered to be unreliable and difficult to use as they were bulky and costly. Over the years, portable oxygen concentrators have been evolved, as manufacturers are improving the design of them and by manufacturing them with a relatively smaller size & higher mobility. As the new generation portable oxygen concentrators have become more mobile, the patients are able carry them more freely as they can be accommodated in a car.
According to AMA, the Global Portable Oxygen Concentrators market is expected to see growth rate of 13.5% Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Portable Oxygen Concentrators market throughout the predicted period.
Koninklijke Philips N.V (Netherlands), Inogen, Inc. (United States), Chart Industries, Inc. (United States), Invacare Corporation (United States), Drive DeVilbiss Healthcare (United States), Nidek Medical (India), CAIRE Inc. (United States), Pricision Medical, Inc. (United States), Yuwell (China), ResMed (United States), O2 Concept, LLC. (United States), INOVA Labs, Inc. (United States) and GCE Group (Sweden) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Foshan Keyhub Electronic Industries Co., Ltd. (China), Smith's Medical Inc (United States) and Zadro (United States).
Segmentation Overview
The study have segmented the market of Global Portable Oxygen Concentrators market by Type (Molecular Sieve Oxygen Concentrator, Macromolecule Oxygen Permeable Membrane Oxygen Concentrator, Electrolysis Oxygen Concentrator, Chemical Oxygen Concentrator and Other), by Application (Asthma, COPD, Respiratory Distress Syndrome and Others) and Region with country level break-up.
On the basis of geography, the market of Portable Oxygen Concentrators has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Advancement of Established Health Infrastructure and Increasing Adoption of New Generation Mobile Based Portable Oxygen Concentrators
Market Growth Drivers:
Increasing Prevalence of COPD and Asthma, Growing Demand for Portable Oxygen Concentrators Due To Their Mobility and Long Battery Life and Increasing Geriatric Population and Advanced Treatment Methods
Challenges:
Lack of Awareness in Several Underdeveloped Nations
Restraints:
High Manufacturing Cost of Oxygen Concentrator
Opportunities:
Growing Awareness Regarding Portable Oxygen Concentrator among Geriatric Population
Market Leaders and their Expansionary Development Strategies
In January, 2016 ResMed, the world's leading innovator in sleep-disordered breathing and respiratory care, today announced it has entered into a definitive agreement to acquire Inova Labs Inc., a privately-held medical device company specializing in the development and commercialization of innovative oxygen therapy products.
In July 2022, OMRON Healthcare announced its latest advancement in the Oxygen therapy category with the launch of a portable Oxygen Concentrator.It is a medical molecular sieve-based Oxygen concentrator providing a continuous supply of Oxygen (5L per minute) with more than 90% high concentration output.
Key Target Audience
Oxygen Concentrators Manufacturers, Healthcare Institutions (Hospitals And Outpatient Clinics), Oxygen Concentrators Distributors And Sales Firms, Business Research And Consulting Firms, Research Institutes, Organizations, And Consulting Companies, Contract Research Organizations (Cros) And Contract Manufacturing Organizations (Cmos) and Venture Capitalists And Investors
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.