According to the report published by Allied Market Research, The Global Portable Oxygen Kit Market Size was USD 18.7 Billion in 2021 and is predicted to grow to USD 35.8 Billion by 2031, with a CAGR of 7.0% during the period 2022-2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
Growing prevalence of chronic respiratory diseases such as asthma, chronic obstructive pulmonary disease (COPD), emphysema, and chronic bronchitis drives the growth of the global portable oxygen kit market.
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Impact of Covid-19 on Portable Oxygen Kit Market-
- During the pandemic, hospitals were completely occupied, with no vacant beds. And, as the number of corona virus patients increased significantly, use of portable oxygen cylinders was recommended by doctors as a means of treatment at home settings only. This factor impacted the global portable oxygen kit market positively.
- Breathing difficulties and low blood oxygen levels were the common symptoms among people. Hence the need for oxygen was at peak throughout the pandemic.
Key Players of Global Portable Oxygen Kit Market Report–
- DeVilbiss Healthcare
- Inova Labs Inc.
- NIDEK Medical Products Inc.
- O2 Concepts
- Teijin Limited
- Koninklijke Philips N.V.
- Invacare Corporation
- Worthington Industries
- Inogen Inc
- Chart Industries
These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance, product portfolio, operating segments, and developments by the top players.
Global Portable Oxygen Kit Market Segmentation: –
The global portable oxygen kit market is analyzed across end user and region. The report takes in an exhaustive analysis of segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
Based on end user, the healthcare segment garnered more than two-fifths of the total market revenue in 2021, and is expected to dominate by 2031. The home application segment, simultaneously, would manifest the fastest CAGR of 8.1% throughout the forecast period. The other segment analyzed in the report takes in home aerospace & automotive.
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Based on region, the market across North America generated around one-third of the total market revenue in 2021, and is anticipated to retain the lion’s share by 2031. The Asia-Pacific region, at the same time, would manifest the fastest CAGR of 8.2% during the forecast period. The other regions studied in the report include LAMEA and Europe.
By Region Outlook
- North America
(U.S., Canada, Mexico)
- Europe
(Germany, France, UK, Italy, Spain, Rest of Europe)
- Asia-Pacific
(Japan, China, India, Rest of Asia-Pacific)
- LAMEA
(Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Our Market Research Solution Provides You Answer to Below Mentioned Question:
- Which are the driving factors responsible for the growth of market?
- Which are the roadblock factors of this market?
- What are the new opportunities, by which market will grow in coming years?
- What are the trends of this market?
- Which are main factors responsible for new product launch?
- How will each segment grow over the forecast period and how much revenue will these segments account for in 2031?
- How big is the global & regional market in terms of revenue, sales and production?
- Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
- Which region has more opportunities?
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