Fast. MR recently published a market research report, titled, Portable oxygen concentrators Market: Market Size, Forecasting, Growth Factors, Trends & Opportunity Outlook (2019-2025), “the global Portable oxygen concentrators market is envisioned to flourish at a noteworthy CAGR (Compound Annual Growth Rate) over the forecast period i.e., 2019-2025 and is expected to attain a considerable growth by the end of 2025.
The report includes porter’s Five Forces Analysis (potential entrants, industry competitors, suppliers, substitutes, and buyers), SWOT analysis and BPS analysis for every segment that provides crucial information for knowing the Portable oxygen concentrators market.
Furthermore, the study explores and discusses the current landscape of the dynamic business sector along with present and potential impact of COVID-19 on the market for Portable oxygen concentrators.
The growth of this market is attributed towards major factors such as the increase in prevalence of respiratory disorders such as asthma, chronic bronchitis & COPD globally and surge in levels of air pollution globally. In addition, the growth in awareness about the advantage of portable oxygen concentrators which helps the patients to gain the required level of oxygen throughout the day would propel the growth of the market. Additionally, rise in preference and inclination towards the adoption of portable oxygen concentrators for the delivery of oxygen whenever required by the patients directly from the environment is anticipated to help the industry gain traction during the forecast period.
Furthermore, the advent of COVID-19, which also results in respiratory problems, has led to a huge surge in the demand of portable oxygen concentrators. The increase in the incidences of COVID-19 will contribute to the market growth in the coming years.
The other factors affecting the growth of the portable oxygen concentrator industry include, the surge in technological advancements of the devices to make it miniaturized and convenient to use. The companies have been investing more over the technological advancements meeting the demand of the market. For instance, in November 2019, Caire launched a new FreeStyle Comfort portable oxygen concentrator which is equipped with the autoSAT technology. Caire is an oxygen supply manufacturer which is based on Georgia. The autoSAT is proven self-adjusting software that ensures the delivery of oxygen bolus consistently through nostrils whenever required by the patients, throughout the day. It has been designed such that it is comfortable for the patients to wear.
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A comprehensive competitive overview, including market share and company profiles of key players operating in the global market, is covered in the report. Following are the major companies:
- Inogen, Inc.
- Koninklijke Philips N.V
- Chart Industries, Inc.
- Invacare Corporation Drive Devilbiss Healthcare
- O2 Concepts LLC.
- Nidek Medical
- GCE Group
- Caire Inc.
- Besco Medical Co., LTD.
Following are the key segments covered in the report:
By Delivery System:
- Continuous Flow
- Pulse Flow
By Application:
- Asthma
- Chronic Obstructive Pulmonary Disease (COPD)
- Respiratory Distress Syndrome
- Chronic Bronchitis
- Others
By End User:
- Hospitals & Clinics
- Home-care Settings
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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The Following are the Key Features of Global Portable oxygen concentrators Market Report:
- Market Overview, Industry Development, Market Maturity, PESTLE Analysis, Value Chain Analysis
- Growth Drivers and Barriers, Market Trends & Market Opportunities
- Porter’s Five Forces Analysis & Trade Analysis
- Market Forecast Analysis for 2019-2025
- Market Segments by Geographies and Countries
- Market Segment Trend and Forecast
- Market Analysis and Recommendations
- Price Analysis
- Key Market Driving Factors
- Portable oxygen concentrators Market Company Analysis: Company Market Share & Market Positioning, Company Profiling, Recent Industry Developments etc.
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