portable oxygen concentrators market Report | Size, Growth, Demand, Scope, Opportunities and Forecast 2022-2032

The global portable oxygen concentrators market is estimated to reach US$ 1.9 billion by the end of 2022, growing at a CAGR of 10.1% between 2022 and 2032. Market sales are expected to exceed US$ 5.0 billion by 2032.

Portable oxygen concentrators supply oxygen to those patients who are suffering from respiratory diseases such as chronic obstructive pulmonary disease. In this process, nitrogen and oxygen are separated from the air in the environment with the help of the concentrator which then discards the nitrogen and supplies 95% pure oxygen to patients through a mask. As compared to homecare oxygen concentrators, portable oxygen concentrators allow patients to easily carry the devices. Apart from patients, POCs are also used by mountaineers and travelers in places where oxygen is inadequate. The crucial factors leading to the surge of portable oxygen concentrators over the projection period comprise an upgraded lifestyle and an increase in the rate of smoking

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There is a significant surge in the geriatric population, which is rising the requirement for home care settings, especially in developed countries. The increasing number of patients with chronic obstructive pulmonary disease (COPD) and respiratory diseases is expected to drive demand for portable oxygen concentrators during the projected period.

Key Takeaways

The surge in the adoption of portable oxygen concentrators is significant in developing nations, owing to the due to increasing incomes and technological advancements that will create positive opportunities for the portable oxygen concentrators market. Globally there is an overall surge in COPD patients, especially in countries like India and China. Therefore, this factor will increase the demand for portable oxygen concentrators globally.
In addition to that, with the surge in the investment by several companies for the production of continuous flow of oxygen, the portable oxygen concentrators market is expected to fuel up. Major players in the market are focusing on enhancing the durability of oxygen concentrators and also increasing production efficiency which will address the demand for portable oxygen concentrators. The above-mentioned factors are expected to propel growth in the global portable oxygen concentrators market.
An unhealthy lifestyle is on the rise, and the young population is increasingly consuming marijuana, cigars, and pipes which is fueling the growth of the portable oxygen concentrators market globally. In addition to that, the shift from regular conventional concentrators to portable oxygen concentrators is encouraging market growth for portable oxygen concentrators.
Moreover, the use of advanced technologies in the production of oxygen concentrators by manufacturers is also driving the growth of the market. Key market players are focusing on designing products with efficacy and affordability in order to address increasing the demand for portable oxygen concentrators.

Competitive Landscape

In the portable oxygen concentrators market, dominant manufacturers are widely adopting different activities which will help them raise sales and gain revenue. In order to meet the demand of consumers and expand these firms, several activities are being implemented including advanced products launched among others.

Key Players: