Report Sellers has added a new market research report “Global Portable Oxygen Concentrator Market- Forecasts from 2017 to 2022” to its offerings. The report is an in-depth market study providing accurate market insights including the latest trends, forecast, competitive insights, etc.
According to the report, Global Portable Oxygen Concentrator market is projected to witness the growth at a CAGR of 11.56% to reach US$1,721 million by 2022, from US$996 million in 2017. Oxygen is a chemical component as well and is exceptionally receptive non-metal and oxidizing specialists that can oxide with numerous components and compounds. Oxygen concentrator incorporates nasal cannula which fits into the nose and oxygen can be provided through it. An oxygen concentrator is generally utilized as a part of homecare settings, surgical focuses, clinics, ambulances and with long therapy treatment patients. Rising incidence of chronic diseases such as obesity and asthma is significantly driving the demand for portable oxygen concentrators worldwide. Growing global aging population is also boosting the demand for home portable oxygen concentrators across the globe.
Prominent key market players in Global Portable Oxygen Concentrator market include Precision Medical, Boost Oxygen, Chart Industries, Invacare, Inogen, and Drive Devilbiss Healthcare among others. Major players are engaged in M&A so as to acquire smaller regional market players and expand their footprints globally. In February 2016, ResMed, the worlds leading innovator in sleep-disordered breathing and respiratory care, acquired Inova Labs, Inc., the manufacturer of innovative oxygen therapy products, to expand its offerings and solutions in order to address a large number of COPD patients across the globe.
Browse through the complete description and in-depth TOC on “Global Portable Oxygen Concentrator Market”
Global Portable Oxygen Concentrator market is segmented by end user, by product, and by geography:
By End User
Continuous Flow Portable Oxygen Concentrator
Pulse Flow Portable Oxygen Concentrator
Europe Middle East and Africa
Middle East and Africa
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