Portable Oxygen Concentrators Market Share to record 13.43% CAGR through 2028

Date: February 23, 2023

Portable Oxygen Concentrators Market Share to record 13.43% CAGR through 2028

Research analysts assert that global Portable Oxygen Concentrators Market compiled a valuation worth USD 871.16 million in 2022 and is anticipated to reach USD 2,105.11 million by 2028, presenting a CAGR of 13.43% during the forecast period.

The study on 'Global Portable Oxygen Concentrators Market' offers an in-depth examination of the industry, highlighting key factors such as growth drivers, challenges, and opportunities. It also assesses the lucrative prospects of each submarket to help stakeholders understand the scope and size of the sector. Additionally, Porter's Five Forces analysis is conducted to analyze the competitive dynamics in the market. The risks and concerns of the industry are also identified and recommendations for mitigating these effects on the profitability of the business landscape are entailed in the study.

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COVID-19 impact:

The COVID-19 pandemic had a significant impact on global portable oxygen concentrators market. The pandemic caused widespread disruption in supply chains, leading to shortages and price increases of portable oxygen concentrators and other raw materials. At the same time, the economic downturn caused by the pandemic has led to a decrease in consumer spending, which has resulted in lower demand for portable oxygen concentrators and related products. Additionally, lockdowns and other restrictions on movement had halted normal business operations and reduced sales in key markets. Despite these challenges, the industry is expected to return to pre-pandemic situation in the coming years, due to effective vaccination drives which has prompted a strong economic rebound.

Segmentation & Regional Overview:

Based on type, the industry is segmented into chemical oxygen concentrator, electrolysis oxygen concentrator, macromolecule oxygen permeable membrane oxygen concentrator, molecular sieve oxygen concentrator, and others. With respect to the application landscape, global portable oxygen concentrators industry is fragmented into household, travelling, and others.

Geographically, the key regions expected to have a significant impact on market yield during the assessment period are Asia Pacific, Europe, Latin America, Middle East & Africa, and North America.

Competitive Analysis:

Beijing North Star Company Limited, Foshan Kaiya Aluminum Co Ltd., AVIC/Jiangsu Jianghang Medical instrument Co Ltd., Precision Medical Products Inc., Drive Medical, GCE Holding AB, Teijin Limited, Inova Labs Inc., Chart (Airsep), Philips Respironics, Invacare Corporation, and Inogen are some of the key competitors in worldwide portable oxygen concentrators industry.

FAQs:

How are the different segments in global portable oxygen concentrators market bifurcated by application?

A: Chemical oxygen concentrator, electrolysis oxygen concentrator, macromolecule oxygen permeable membrane oxygen concentrator, molecular sieve oxygen concentrator, and others are applications of portable oxygen concentrators assessed in the industry report.

How can interested parties benefit from this report?

A: The study, which serves as a valuable information resource, contains important data on the primary growth trends, limitation factors, and expansion opportunities that are anticipated to have an impact on this market’s revenue matrix between 2022 and 2028.

Which are the prominent companies influencing global portable oxygen concentrators market dynamics?

A: Beijing North Star Company Limited, Foshan Kaiya Aluminum Co Ltd., AVIC/Jiangsu Jianghang Medical instrument Co Ltd., Precision Medical Products Inc., Drive Medical, GCE Holding AB, Teijin Limited, Inova Labs Inc., Chart (Airsep), Philips Respironics, Invacare Corporation, and Inogen are some of the key competitors in worldwide portable oxygen concentrators industry.

Which geographical areas are critical to global portable oxygen concentrators market revenue?

A: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa are the key regions contributing to market revenue.

What is the size of the worldwide market for portable oxygen concentrators?

A: Global portable oxygen concentrators market is anticipated to reach USD 2,105.11 million by 2028, presenting a CAGR of 13.43% during the forecast period.

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