Global Portable Oxygen Concentrators Market - Snapshot

The global portable oxygen concentrators market is expected to reach a value of about US$ 2,482.0 Mn by the end of 2026, expanding at a high single digit CAGR during the forecast period. Rise in geriatric population, increase in incidence of respiratory diseases, such as chronic obstructive pulmonary disease (COPD), adoption and awareness of portable oxygen concentrator (POC) products, improvement in healthcare infrastructure, and strong reimbursement policies are expected to boost the global portable oxygen concentrators market during the forecast period. Surge in the development of portable oxygen concentrators utilized for certain indications, such as improvement of sleep during severe asthma, pulmonary hypertension, cystic fibrosis, and during heart failure, is expected to propel the global portable oxygen concentrators market during the forecast period. The future of portable oxygen concentrator is bright, owing to the demand for lighter technology by customers, new competitors launching their portable oxygen concentrators in the market, and the POC support to provide mobility freedom to the geriatric patient population. However, the high cost of portable oxygen concentrators and poor reimbursement in some developing countries are expected to hamper the portable oxygen concentrators market.  

portable oxygen concentrators market

The global portable oxygen concentrators market has been segmented based on product, indication, and end-user. In terms of product, the global market has been classified into pulse flow and continuous flow. The pulse flow segment dominates the global portable oxygen concentrators market, in terms of value, owing to the system being more energy-efficient and longer life of the battery. Moreover, the adoption of pulse flow portable oxygen concentrators among patients is high owing to the leaner size of these units, which enables patients to enjoy freedom of mobility. This segment is expected to expand at a significant CAGR, as it is easy to operate and cost-effective. Based on indication, the global portable oxygen concentrators market has been divided into chronic obstructive pulmonary disease (COPD), asthma, sleep apnea, and others. The COPD segment held a major share of the market in 2017. It is expected to maintain its leading position, in terms of market share, during the forecast period, owing to its growing prevalence worldwide and efficacy of portable oxygen concentrators in providing supplemental oxygen therapy in such condition. Portable oxygen concentrators are excellent for ambulatory use in case of poor respiratory conditions. 

In terms of end-user, the global market has been segregated into homecare, travel, hospital, and others. The homecare segment held a major share of the market, followed by the travel segment, in 2017 owing to the development of advanced portable oxygen concentrators for personal use, which improves the quality of the patients’ life. Geriatric patients with poor respiratory condition experience difficulty in carrying out their daily activities, which drives the demand for portable oxygen concentrators as they improve their quality of life. The travel segment is projected to expand at a considerable CAGR during the forecast period, as portable oxygen concentrators make travel easy for patients. Several portable oxygen concentrators have been approved by the FAA in order to enable patients to travel comfortably without hassle. 

In terms of region, the global portable oxygen concentrators market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the global portable oxygen concentrators market, owing to an increase in the prevalence of chronic obstructive pulmonary disease (COPD), asthma, and other respiratory conditions that lead to dependence on portable oxygen concentrators as a primary source of oxygen. Technological advancements that have led to the development of the small, lightweight, portable oxygen concentrators which enables patients to travel hassle free. Moreover growing baby boomers, rising geriatric population, and increasing COPD patient population led the U.S. to dominate the portable oxygen concentrators market in North America. It is anticipated to maintain its leading position in the market in the region during the forecast period. According to estimates by the World Health Organization (WHO), the prevalence of COPD is expect to rise at a rapid pace by the year 2030, owing to the higher prevalence of smoking and increase in the geriatric population. In 2016, the Global Burden of Disease Study reported around 251 million cases of COPD worldwide. The market in Asia Pacific is projected to expand at a significantly high CAGR during the forecast period, owing to a rise in COPD patient population, increase in consumption of tobacco and smoking impacting the poor lung condition, improvement in health care infrastructure, rise in awareness and acceptance of advanced portable oxygen concentrators, and increase in disposable income in the region. Furthermore, a rise in the geriatric population in the region is anticipated to further boost the market in Asia Pacific in the near future. 

Major players operating in the global portable oxygen concentrators market include ResMed, Invacare Corporation, Medical Depot, Inc. dba DeVilbiss Healthcare, Precision Medical, Inc., O2 Concepts, LLC. , GCE Group, CAIRE Inc. (Chart Industries), Inogen, Besco Medical Co., LTD, and Koninklijke Philips N.V. Key players are focused on acquisitions and collaborations to enhance their footprint in the global portable oxygen concentrators market. Furthermore, companies have introduced innovative portable oxygen concentrators as a supplemental oxygen therapy for the rising incidence of COPD, and other respiratory conditions. 

Global Portable Oxygen Concentrators Market: Overview

This report analyzes the current and future scenario of the global portable oxygen concentrators market for the period 2018 to 2026. Rise in chronic obstructive pulmonary disease (COPD), geriatric population, technological advancements, increase in healthcare expenditure, and surge in the demand for portable oxygen concentrators while traveling and its preference in homecare settings are likely to be major drivers of the global portable oxygen concentrators market during the forecast period. 

The global portable oxygen concentrators market report comprises an elaborate executive summary, including a snapshot that provides information on various segments of the market. It also provides information and data analysis of the global market with respect to segments based on product, indication, end-user, and region. A detailed qualitative analysis of drivers, restraints, and opportunities of the market has been provided in the market overview section. Additionally, the section comprises competitive matrix and profiles of key market players, along with business overview, to project the competitive landscape of the market. The section also provides market attractiveness analysis based on region and market share analysis in terms of key players, thereby presenting a thorough analysis of the overall competitive scenario in the global portable oxygen concentrators market. 

Global Portable Oxygen Concentrators Market: Key Segments

Based on product, the global portable oxygen concentrators market has been segmented into pulse flow and continuous flow. The segments have been analyzed based on available portable oxygen concentrators types used as per its technology and functionality. In terms of indication, the global portable oxygen concentrators market has been classified into COPD, asthma, sleep apnea and others. Based on end-user, the global portable oxygen concentrators market has been divided into homecare, travel, hospital, and others. Market size and forecast for each of these segments have been provided for the period 2018 to 2026, along with their respective CAGR for the forecast period 2016 to 2026, considering 2017 as the base year. 

Global Portable Oxygen Concentrators Market: Regional Outlook

In terms of region, the global portable oxygen concentrators market has been segmented into five major regions: North America (the U.S. and Canada), Europe (the U.K., Germany, France, Spain, Italy, and Rest of Europe), Asia Pacific (India, China, Japan, Australia & New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (South Africa, GCC Countries, and Rest of Middle East & Africa). Market size and forecast for each of these regions and the mentioned countries have been provided for the period 2018 to 2026, along with their respective CAGR for the forecast period 2016 to 2026, considering 2017 as the base year. The research study also covers the competitive scenario in these regions. 

Companies Mentioned in the Report

The report also profiles major players operating in the global portable oxygen concentrators market based on various attributes, such as company overview, financial overview, product portfolio, business strategies, and recent developments. The players covered in the report include ResMed, Invacare Corporation, Medical Depot, Inc. dba DeVilbiss Healthcare, Precision Medical, Inc., O2 Concepts, LLC. , GCE Group, CAIRE Inc. (Chart Industries), Inogen, Besco Medical Co., LTD, and Koninklijke Philips N.V. 

The global portable oxygen concentrators market has been segmented as below:

Product

  • Pulse Flow
  • Continuous Flow 

 Indication

  • Chronic Obstructive Pulmonary Disease (COPD)
  • Asthma
  • Sleep Apnea
  • Others 

End-user

  • Homecare
  • Travel
  • Hospital
  • Others 

 Region

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • South Africa
    • GCC Countries
    • Rest of Middle East & Africa