The Portable Oxygen Concentrators Market produces portable oxygen concentrators that deliver concentrated oxygen to a patient requiring oxygen therapy. The oxygen concentrator is quite safe, easy to use, and is inexpensive when compared to compressed oxygen cylinders. It is useful for people who use oxygen tanks for constant supply of oxygen by enabling them mobility.
The oxygen concentrator portable provided by the Portable Oxygen Concentrators Market increases the concentration by taking the mixture of air from the surroundings. The device is also used by mountaineers and people travelling to places where the oxygen is insufficient.
Scope & Regional Forecast of the Portable Oxygen Concentrators Market
The factors driving the Portable Oxygen Concentrators Market include the ability to provide oxygen under any circumstance and to aging people along with those suffering from COPD and respiratory diseases. The advantages associated with O2 concentrator include user friendly nature and less weight. These benefits boost the market. The market is restricted by strict government regulations and longer approval time for medical devices.
The oxygen portable concentrator at home is widely used due to its light weight and easy to use along with the ability to provide effective care to the patients suffering from COPD and other respiratory diseases. Liquid oxygen is the fastest growing segment in the market. The factors contributing to its high growth is its capacity to store more oxygen volume in lesser space, light weight and its affordability due to non-electricity consumption.
High prevalence of respiratory diseases, growing demand for home healthcare for geriatric population and growing adoption of innovative products will drive the Portable Oxygen Concentrators Market. Favorable regulatory and reimbursement policies will also boost the demand for concentrator oxygen portable. Japan is likely to witness a high growth in the market due to its rising disposable income and government initiatives to control health costs. New product development and market expansion through strategic collaborations are the most common adopted strategies in the poc oxygen concentrator market.
Segmentations & Key Players Involved in the Portable Oxygen Concentrators Market
The Portable Oxygen Concentrators Market can be broken down into various segmentations on the basis of –
- Product- Airstep Freestyle, Inogen One G2, Invacare XPO2, DeVilbiss iGo, and Others.
- Region- USA, Europe, Japan, China, India, South East Asia.
Some of the key players involved in the Portable Oxygen Concentrators Market are as follows:
- Invacare Corporation
- Philips Healthcare
- DeVilbiss Healthcare
- Nidek Medical products, Inc.
- Inogen Inc
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