PUBLISHER: Acute Market Reports | PRODUCT CODE: 1162485
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1162485
Portable Oxygen Concentrators Market - Growth, Future Prospects and Competitive Analysis, 2022 - 2030
Portable oxygen concentrators market to exhibit productive growth during the forecast period
The global portable oxygen concentrators market Increasing prevalence for respiratory diseases, COPD, asthma along with growing elderly population and commercialization of new medical devices drive the portable oxygen concentrators market. Evolution from traditional cylinders to lightweight table top medical devices have also brought significant changes in the prevailing market trends. Expansion of new products offerings via direct sales and building distribution network worldwide mainly in the Asia Pacific will also open significant growth opportunities.
Pulse flow technology segment is expected to register higher growth by the end of 2030
Continuous flow portable oxygen concentrators segment is expanding significantly, mainly in the Asia Pacific, Middle East & Africa (MEA) and Europe. The pulse flow type dominates the global market (in terms of value) owing to better energy-efficiency and longer battery life. Wide range of portable oxygen concentrators incorporate advantages such as reduced size, enhanced mobility, and sophisticated oxygen capacity suitable for all conditions and are increasingly utilized by specialty medical professionals. Other factors include growing awareness and increasing patient admissions for COPD, progress in efficiencies of multispecialty hospitals, homecare settings and clinics across emerging nations.
COPD in the indication segment generated a significant revenue share in 2022
COPD in the indication segment contributes a major share in the global the market in 2022 and will continue its prominence during the forecast period. Top firms are focusing on lightweight portable devices for pediatric and elderly patients along with mobile oxygen supply with wireless connections to the patients suffering from COPD. Additionally increasing incidences for acute respiratory distress syndrome, occupational lung diseases, infectious diseases and other chronic disorders along with obesity will upsurge the global demand.
The homecare segment is expected to register higher growth by the end of 2030
As per the WHO and the Global Burden of Disease Study statistics, the prevalence of COPD was more than 250 million in 2020. Growing population along with the augmenting prevalence of respiratory disorders will drive the market growth in the end user segment. Homecare settings will grow significantly during the forecast period due to advantages such as better care from skilled professionals and reduced cost in long-term care. New trends for air ambulance (traveling), mobile medical clinics (provide various treatments for conditions such as cardiac, lungs, and trauma) and point of care settings will further drive the demand in future.
Increasing prevalence of COPD along with commercialization of new products internationally will drive the market growth
The U.S. generated the largest revenue in the global portable oxygen concentrators market, due to the presence of top manufacturers along with huge elderly population diagnosed with COPD, sleep apnea, and various chronic respiratory disorders. Additionally, rapid commercialization of novel portable devices would further drive the global market. Increasing medical tourism along with enormous population in the Asia Pacific (India and China), and improving reimbursement structure internationally will drive the market growth.
Dominance of multinational manufacturers with strong product portfolio in the developed regions
Major players in the portable oxygen concentrators market are: Koninklijke Philips N.V., Invacare Corporation, Medical Depot, Inc., Precision Medical, Inc., Inogen, Inc. O2 Concenpts, LLC, CAIRE, Inc., GCE Group, Besco Medial Co., LTD, Nidek Medical, OSI Systems, Smiths Medical, Inc. and others. Acquisitions along with new device launch are strategic initiatives executed by commercial players to reinforce their geographical range and sustain position in the global market. For instance, in November 2020, Chart Industries launched the Respiratory Center-of-Excellence in the U.S. for additional manufacturing and delivering inventive and novel respiratory products.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Portable Oxygen Concentrators market are as follows:
- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report:
Micro and macro environment factors that are currently influencing the Portable Oxygen Concentrators market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Market Segmentation
Type
- Continuous Flow
- Pulse Flow
Indication
- COPD
- Asthma
- Sleep Apnea
- Others (Respiratory Distress Syndrome, etc.)
End User
- Hospitals
- Homecare Settings
- Others (Travel, Private Clinics, etc.)
Region Segment (2020-2030; US$ Million)
- North America
- U.S.
- Canada
- Rest of North America
- UK and European Union
- UK
- Germany
- Spain
- Italy
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC
- Africa
- Rest of Middle East and Africa
Global Impact of COVID-19 Segment (2020-2021; US$ Million )
- Pre COVID-19 situation
- Post COVID-19 situation
Key questions answered in this report:
- What are the key micro and macro environmental factors that are impacting the growth of Portable Oxygen Concentrators market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Portable Oxygen Concentrators market?
- Which is the largest regional market for Portable Oxygen Concentrators market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Portable Oxygen Concentrators market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Portable Oxygen Concentrators market worldwide?
Table of Contents
1. Preface
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted
2. Executive Summary
- 2.1. Market Snapshot: Global Portable Oxygen Concentrators Market
- 2.2. Global Portable Oxygen Concentrators Market, By Type, 2021 (US$ Million)
- 2.3. Global Portable Oxygen Concentrators Market, By Indication, 2021 (US$ Million)
- 2.4. Global Portable Oxygen Concentrators Market, By End User, 2021 (US$ Million)
- 2.5. Global Portable Oxygen Concentrators Market, By Geography, 2021 (US$ Million)
- 2.6. Impact of Covid 19
- 2.7. Attractive Investment Proposition by Geography, 2021
- 2.8. Competitive Analysis
- 2.8.1. Market Positioning of Key Portable Oxygen Concentrators Market Vendors
- 2.8.2. Strategies Adopted by Portable Oxygen Concentrators Market Vendors
- 2.8.3. Key Industry Strategies
3. Portable Oxygen Concentrators Market: Business Outlook & Market Dynamics
- 3.1. Introduction
- 3.2. Global Portable Oxygen Concentrators Market Value, 2020 - 2030, (US$ Million)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers
- 3.3.2. Market Restraints
- 3.3.3. Key Challenges
- 3.3.4. Key Opportunities
- 3.4. Impact Analysis of Drivers and Restraints
- 3.5. See-Saw Analysis
- 3.6. Porter's Five Force Model
- 3.6.1. Supplier Power
- 3.6.2. Buyer Power
- 3.6.3. Threat Of Substitutes
- 3.6.4. Threat Of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTEL Analysis
- 3.7.1. Political Landscape
- 3.7.2. Economic Landscape
- 3.7.3. Technology Landscape
- 3.7.4. Legal Landscape
- 3.7.5. Social Landscape
4. Portable Oxygen Concentrators Market: By Type, 2020-2030, USD (Million)
- 4.1. Market Overview
- 4.2. Growth & Revenue Analysis: 2021 Versus 2030
- 4.3. Market Segmentation
- 4.3.1. Continuous Flow
- 4.3.2. Pulse Flow
5. Portable Oxygen Concentrators Market: By Indication, 2020-2030, USD (Million)
- 5.1. Market Overview
- 5.2. Growth & Revenue Analysis: 2021 Versus 2030
- 5.3. Market Segmentation
- 5.3.1. COPD
- 5.3.2. Asthma
- 5.3.3. Sleep Apnea
- 5.3.4. Others (Respiratory Distress Syndrome, etc.)
6. Portable Oxygen Concentrators Market: By End User, 2020-2030, USD (Million)
- 6.1. Market Overview
- 6.2. Growth & Revenue Analysis: 2021 Versus 2030
- 6.3. Market Segmentation
- 6.3.1. Hospitals
- 6.3.2. Homecare Settings
- 6.3.3. Others (Travel, Private Clinics, etc.)
7. North America Portable Oxygen Concentrators Market, 2020-2030, USD (Million)
- 7.1. Market Overview
- 7.2. Portable Oxygen Concentrators Market: By Type, 2020-2030, USD (Million)
- 7.3. Portable Oxygen Concentrators Market: By Indication, 2020-2030, USD (Million)
- 7.4. Portable Oxygen Concentrators Market: By End User, 2020-2030, USD (Million)
- 7.5.Portable Oxygen Concentrators Market: By Region, 2020-2030, USD (Million)
- 7.5.1.North America
- 7.5.1.1. U.S.
- 7.5.1.2. Canada
- 7.5.1.3. Rest of North America
- 7.5.1.North America
8. UK and European Union Portable Oxygen Concentrators Market, 2020-2030, USD (Million)
- 8.1. Market Overview
- 8.2. Portable Oxygen Concentrators Market: By Type, 2020-2030, USD (Million)
- 8.3. Portable Oxygen Concentrators Market: By Indication, 2020-2030, USD (Million)
- 8.4. Portable Oxygen Concentrators Market: By End User, 2020-2030, USD (Million)
- 8.5.Portable Oxygen Concentrators Market: By Region, 2020-2030, USD (Million)
- 8.5.1.UK and European Union
- 8.5.1.1. UK
- 8.5.1.2. Germany
- 8.5.1.3. Spain
- 8.5.1.4. Italy
- 8.5.1.5. France
- 8.5.1.6. Rest of Europe
- 8.5.1.UK and European Union
9. Asia Pacific Portable Oxygen Concentrators Market, 2020-2030, USD (Million)
- 9.1. Market Overview
- 9.2. Portable Oxygen Concentrators Market: By Type, 2020-2030, USD (Million)
- 9.3. Portable Oxygen Concentrators Market: By Indication, 2020-2030, USD (Million)
- 9.4. Portable Oxygen Concentrators Market: By End User, 2020-2030, USD (Million)
- 9.5.Portable Oxygen Concentrators Market: By Region, 2020-2030, USD (Million)
- 9.5.1.Asia Pacific
- 9.5.1.1. China
- 9.5.1.2. Japan
- 9.5.1.3. India
- 9.5.1.4. Australia
- 9.5.1.5. South Korea
- 9.5.1.6. Rest of Asia Pacific
- 9.5.1.Asia Pacific
10. Latin America Portable Oxygen Concentrators Market, 2020-2030, USD (Million)
- 10.1. Market Overview
- 10.2. Portable Oxygen Concentrators Market: By Type, 2020-2030, USD (Million)
- 10.3. Portable Oxygen Concentrators Market: By Indication, 2020-2030, USD (Million)
- 10.4. Portable Oxygen Concentrators Market: By End User, 2020-2030, USD (Million)
- 10.5.Portable Oxygen Concentrators Market: By Region, 2020-2030, USD (Million)
- 10.5.1.Latin America
- 10.5.1.1. Brazil
- 10.5.1.2. Mexico
- 10.5.1.3. Rest of Latin America
- 10.5.1.Latin America
11. Middle East and Africa Portable Oxygen Concentrators Market, 2020-2030, USD (Million)
- 11.1. Market Overview
- 11.2. Portable Oxygen Concentrators Market: By Type, 2020-2030, USD (Million)
- 11.3. Portable Oxygen Concentrators Market: By Indication, 2020-2030, USD (Million)
- 11.4. Portable Oxygen Concentrators Market: By End User, 2020-2030, USD (Million)
- 11.5.Portable Oxygen Concentrators Market: By Region, 2020-2030, USD (Million)
- 11.5.1.Middle East and Africa
- 11.5.1.1. GCC
- 11.5.1.2. Africa
- 11.5.1.3. Rest of Middle East and Africa
- 11.5.1.Middle East and Africa
12. Company Profile
- 12.1. Koninklijke Philips N.V.
- 12.1.1. Company Overview
- 12.1.2. Financial Performance
- 12.1.3. Product Portfolio
- 12.1.4. Strategic Initiatives
- 12.2. Invacare Corporation
- 12.2.1. Company Overview
- 12.2.2. Financial Performance
- 12.2.3. Product Portfolio
- 12.2.4. Strategic Initiatives
- 12.3. Medical Depot, Inc.
- 12.3.1. Company Overview
- 12.3.2. Financial Performance
- 12.3.3. Product Portfolio
- 12.3.4. Strategic Initiatives
- 12.4. Precision Medical, Inc.
- 12.4.1. Company Overview
- 12.4.2. Financial Performance
- 12.4.3. Product Portfolio
- 12.4.4. Strategic Initiatives
- 12.5. Inogen, Inc.
- 12.5.1. Company Overview
- 12.5.2. Financial Performance
- 12.5.3. Product Portfolio
- 12.5.4. Strategic Initiatives
- 12.6. O2 Concenpts, LLC
- 12.6.1. Company Overview
- 12.6.2. Financial Performance
- 12.6.3. Product Portfolio
- 12.6.4. Strategic Initiatives
- 12.7. CAIRE, Inc.
- 12.7.1. Company Overview
- 12.7.2. Financial Performance
- 12.7.3. Product Portfolio
- 12.7.4. Strategic Initiatives
- 12.8. GCE Group
- 12.8.1. Company Overview
- 12.8.2. Financial Performance
- 12.8.3. Product Portfolio
- 12.8.4. Strategic Initiatives
- 12.9. Besco Medial Co., LTD
- 12.9.1. Company Overview
- 12.9.2. Financial Performance
- 12.9.3. Product Portfolio
- 12.9.4. Strategic Initiatives
- 12.10. Nidek Medical
- 12.10.1. Company Overview
- 12.10.2. Financial Performance
- 12.10.3. Product Portfolio
- 12.10.4. Strategic Initiatives
- 12.11. OSI Systems
- 12.11.1. Company Overview
- 12.11.2. Financial Performance
- 12.11.3. Product Portfolio
- 12.11.4. Strategic Initiatives
- 12.12. Smiths Medical, Inc.
- 12.12.1. Company Overview
- 12.12.2. Financial Performance
- 12.12.3. Product Portfolio
- 12.12.4. Strategic Initiatives
List of Tables
- TABLE 1 Global Portable Oxygen Concentrators Market By Type, 2020-2030, USD (Million)
- TABLE 2 Global Portable Oxygen Concentrators Market By Indication, 2020-2030, USD (Million)
- TABLE 3 Global Portable Oxygen Concentrators Market By End User, 2020-2030, USD (Million)
- TABLE 4 North America Portable Oxygen Concentrators Market By Type, 2020-2030, USD (Million)
- TABLE 5 North America Portable Oxygen Concentrators Market By Indication, 2020-2030, USD (Million)
- TABLE 6 North America Portable Oxygen Concentrators Market By End User, 2020-2030, USD (Million)
- TABLE 7 UK and European Union Portable Oxygen Concentrators Market By Type, 2020-2030, USD (Million)
- TABLE 8 UK and European Union Portable Oxygen Concentrators Market By Indication, 2020-2030, USD (Million)
- TABLE 9 UK and European Union Portable Oxygen Concentrators Market By End User, 2020-2030, USD (Million)
- TABLE 10 Asia Pacific Portable Oxygen Concentrators Market By Type, 2020-2030, USD (Million)
- TABLE 11 Asia Pacific Portable Oxygen Concentrators Market By Indication, 2020-2030, USD (Million)
- TABLE 12 Asia Pacific Portable Oxygen Concentrators Market By End User, 2020-2030, USD (Million)
- TABLE 13 Latin America Portable Oxygen Concentrators Market By Type, 2020-2030, USD (Million)
- TABLE 14 Latin America Portable Oxygen Concentrators Market By Indication, 2020-2030, USD (Million)
- TABLE 15 Latin America Portable Oxygen Concentrators Market By End User, 2020-2030, USD (Million)
- TABLE 16 Middle East and Africa Portable Oxygen Concentrators Market By Type, 2020-2030, USD (Million)
- TABLE 17 Middle East and Africa Portable Oxygen Concentrators Market By Indication, 2020-2030, USD (Million)
- TABLE 18 Middle East and Africa Portable Oxygen Concentrators Market By End User, 2020-2030, USD (Million)
List of Figures
- FIG. 1 Global Portable Oxygen Concentrators Market: Market Coverage
- FIG. 2 Research Methodology and Data Sources
- FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
- FIG. 4 Global Portable Oxygen Concentrators Market: Quality Assurance
- FIG. 5 Global Portable Oxygen Concentrators Market, By Type, 2021
- FIG. 6 Global Portable Oxygen Concentrators Market, By Indication, 2021
- FIG. 7 Global Portable Oxygen Concentrators Market, By End User, 2021
- FIG. 8 Global Portable Oxygen Concentrators Market, By Geography, 2021
- FIG. 9 Global Portable Oxygen Concentrators Market, By Type, 2021 Vs 2030, %
- FIG. 10 Global Portable Oxygen Concentrators Market, By Indication, 2021 Vs 2030, %
- FIG. 11 Global Portable Oxygen Concentrators Market, By End User, 2021 Vs 2030, %
- FIG. 12 U.S. Portable Oxygen Concentrators Market (US$ Million), 2020 - 2030
- FIG. 13 Canada Portable Oxygen Concentrators Market (US$ Million), 2020 - 2030
- FIG. 14 Rest of North America Portable Oxygen Concentrators Market (US$ Million), 2020 - 2030
- FIG. 15 UK Portable Oxygen Concentrators Market (US$ Million), 2020 - 2030
- FIG. 16 Germany Portable Oxygen Concentrators Market (US$ Million), 2020 - 2030
- FIG. 17 Spain Portable Oxygen Concentrators Market (US$ Million), 2020 - 2030
- FIG. 18 Italy Portable Oxygen Concentrators Market (US$ Million), 2020 - 2030
- FIG. 19 France Portable Oxygen Concentrators Market (US$ Million), 2020 - 2030
- FIG. 20 Rest of Europe Portable Oxygen Concentrators Market (US$ Million), 2020 - 2030
- FIG. 21 China Portable Oxygen Concentrators Market (US$ Million), 2020 - 2030
- FIG. 22 Japan Portable Oxygen Concentrators Market (US$ Million), 2020 - 2030
- FIG. 23 India Portable Oxygen Concentrators Market (US$ Million), 2020 - 2030
- FIG. 24 Australia Portable Oxygen Concentrators Market (US$ Million), 2020 - 2030
- FIG. 25 South Korea Portable Oxygen Concentrators Market (US$ Million), 2020 - 2030
- FIG. 26 Rest of Asia Portable Oxygen Concentrators Market (US$ Million), 2020 - 2030
- FIG. 27 Brazil Portable Oxygen Concentrators Market (US$ Million), 2020 - 2030
- FIG. 28 Mexico Portable Oxygen Concentrators Market (US$ Million), 2020 - 2030
- FIG. 29 Rest of Latin America Portable Oxygen Concentrators Market (US$ Million), 2020 - 2030
- FIG. 30 GCC Portable Oxygen Concentrators Market (US$ Million), 2020 - 2030
- FIG. 31 Africa Portable Oxygen Concentrators Market (US$ Million), 2020 - 2030
- FIG. 32 Rest of Middle East and Africa Portable Oxygen Concentrators Market (US$ Million), 2020 - 2030
