The Global Portable Oxygen Concentrators Market was valued at US$ 924.5 Mn in the year 2018 and is expected to reach US$ xx Mn by the year 2026, growing at a CAGR of XX%. In terms of volume, the market stood at XX units in the year 2018 and is expected to reach XX units by the year 2026, growing at a CAGR of XX% during the forecast period.
An oxygen concentrator is a device that concentrates oxygen from a gas supply, typically from ambient air. The device selectively removes nitrogen from gas and supplies an oxygen-enriched gas stream. It has molecular sieves that adsorb gases such as nitrogen onto the zeolite membrane. The portable oxygen concentrator is used for providing oxygen therapy to people who require greater concentration of oxygen, as compared to that present in ambient air.
Most of the portable oxygen concentrators work on pressure swing adsorption (PSA) technology. PSA technology separates specific gases from a mixture of gases under pressure, based on the molecular characteristics of the gas and its affinity for a particular adsorbent material.
The increasing prevalence of chronic obstructive pulmonary disease is one of the major factors that is driving the growth of the portable oxygen concentrators market. The prevalence of COPD is increasing mainly due to rising environmental pollution and changing lifestyles such as increased smoking. Other factors that are driving the growth of the market are technological advancements in portable oxygen concentrators and a rising geriatric population.
However, poor reimbursement policies, particularly in some developing countries, are expected to hinder the growth of the market. There is an increasing demand for lightweight oxygen concentrators.
The global portable oxygen concentrator market report covers an in-depth analysis of the market including statistical and subjective data points, along with the key market drivers and opportunities & restraints that have positive or negative effects on the overall global market. An in-depth analysis of the regional and country level market at the various segment and sub-segment levels has been provided. The report comprises a competitive analysis of the key players functioning in the market and covers in-depth data related to the competitive landscape of the market and the recent strategies & product launches that will assist or affect the market in the near future.
By Delivery System
By Indication
By End User
The pulse flow technology segment is expected to grow at a high CAGR during the forecast period
Based on the delivery system, the market has been segmented into continuous flow and pulse flow. Pulse flow oxygen concentrators intermittently administer a volume of oxygen in millilitres per breath, whereas in continuous flow oxygen concentrators, the volume of oxygen delivered is measured in litres per minute. Continuous flow oxygen concentrators are heavier and bulkier as compared to pulse flow oxygen concentrators. The pulse flow oxygen concentrators segment is expected to dominate the market in terms of value. Pulse flow oxygen concentrators are small in size and weigh as less as 5 pounds, and are therefore, being increasingly used by patients. Pulse flow oxygen concentrators are also energy-efficient and they have a longer battery life.
The COPD segment to hold major market share throughout the forecast period
Based on indication, the market is segmented into asthma, COPD, respiratory distress syndrome, and others. The COPD segment held a major share in the market in the base year. It is expected to continue its dominance in terms of market share during the forecast period. The major factors responsible for maintaining its leading position are the rising prevalence of COPD worldwide and the efficacy of portable oxygen concentrators in providing supplemental oxygen therapy for COPD patients.
In terms of end-user, the Homecare settings segment is expected to dominate the market
In terms of end-user, the market has been segmented into hospitals, homecare settings, and others. The homecare setting segment held the highest share in the base year and is expected to dominate the market during the forecast period. Technological advancements in portable oxygen concentrators and a rising geriatric population are some of the factors for the dominance of the homecare settings segment.
North America dominates the portable oxygen concentrators market
Technological advancements have led to the development of lightweight and small portable oxygen concentrators. North America has a high prevalence of asthma, COPD, and other respiratory diseases. Approximately 2.5 million people in the United States are on oxygen therapy. This, coupled with favourable reimbursement policies in this region, is the major factor to support the dominance of this region in the portable oxygen concentrators market. The region is expected to maintain its dominance throughout the forecast period.
Asia-Pacific is expected to grow at the highest CAGR during the forecast period. The rising prevalence of COPD, asthma, and other target diseases, coupled with the rising geriatric population, is expected to drive the growth in the Asia Pacific region. Furthermore, improvements in healthcare infrastructure, increased healthcare spending, and increased awareness about and acceptance of portable oxygen concentrators, will help drive the growth of the portable oxygen concentrators in the Asia-Pacific region.
Key geographies covered:
North America
US
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East & Africa
Company Profiles and Competitive Intelligence:
The key players operating in the global portable oxygen concentrators market are Besco Medical Co., LTD (China), Caire Inc (US), Drive Devilbiss Healthcare (US), GCE Group (Sweden), Inogen, Inc. (US), Invacare Corporation (US), Koninklijke Philips N.V (the Netherlands), Nidek Medical (US), and O2 Concepts LLC (US).
Companies are launching new and technologically-advanced products in order to cater to the growing demand in the market. For instance, in 2018, Caire Inc. launched a new portable oxygen concentrator named the FreeStyle Comfort. The device weighs only 5 pounds and has been designed with a curve that rests against the body’s natural contour. It delivers up to 1,050 ml of oxygen per minute and has three different power options - DC, AC, and rechargeable battery. The device is also FAA approved for use in commercial flights.
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Table of Content
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
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 Approach Adopted
1.3.4.1 Top-Down Approach
1.3.4.2 Bottom-Up Approach
1.3.5 Assumptions
1.4 Market Segmentation Scope
Chapter 2 Executive Summary
2.1 Market Summary
2.1.1 Global Portable Oxygen Concentrators Market, 2016-2026, (Units) (US$ Mn)
2.1 Market Snapshot: Global Portable Oxygen Concentrators Market
2.2 Market Dynamics
2.3 Global Portable Oxygen Concentrators Market, by Segment, 2018
2.3.1 Global Portable Oxygen Concentrators Market, by Delivery System, 2018 (Units) (US$ Mn)
2.3.2 Global Portable Oxygen Concentrators Market, by Indication, 2018 (Units) (US$ Mn)
2.3.3 Global Portable Oxygen Concentrators Market, by End-user, 2018 (Units) (US$ Mn)
2.3.4 Global Portable Oxygen Concentrators Market, by Region, 2018 (Units) (US$ Mn)
2.4 Premium Insights
2.4.1 Portable Oxygen Concentrators Market In Developed Vs. Developing Economies, 2018 vs 2026
2.4.2 Global Portable Oxygen Concentrators Market: Regional Life Cycle Analysis
Chapter 3 Market Dynamics
3.1 Market Overview
3.2 Market Drivers
3.2.1 Increasing prevalence of COPD, asthma and other respiratory diseases
3.2.2 Shift from traditional to portable oxygen concentrators
3.2.3 Technological advancements in portable oxygen concentrators
3.3 Market Restraints
3.3.1 High cost of portable oxygen concentrators
3.3.2 Restraint 2
3.4 Market Opportunities
3.4.1 Development of lightweight devices
3.4.2 Opportunity 2
3.5 Industry SWOT Analysis
Chapter 4 Global Portable Oxygen Concentrators Market, by Delivery System
4.1 Market Overview, by Delivery System
4.1.1 Global Portable Oxygen Concentrators Market, by Delivery System, 2016-2026 (Units) (US$ Mn)
4.1.2 Incremental Opportunity, by Delivery System, From 2018-2026
4.2 Pulse Flow
4.2.1 Global Portable Oxygen Concentrators Market, by Pulse Flow, 2016-2026, (Units) (US$ Mn)
4.3 Continuous Flow
4.3.1 Global Portable Oxygen Concentrators Market, by Continuous Flow, 2016-2026, (Units) (US$ Mn)
Chapter 5 Global Portable Oxygen Concentrators Market, by Indication
5.1 Market Overview, by Indication
5.1.1 Global Portable Oxygen Concentrators Market, by Indication, 2016-2026 (Units) (US$ Mn)
5.1.2 Incremental Opportunity, by Indication, From 2018-2026
5.2 COPD
5.2.1 Global Portable Oxygen Concentrators Market, by COPD, 2016-2026, (Units) (US$ Mn)
5.3 Asthma
5.3.1 Global Portable Oxygen Concentrators Market, by Asthma, 2016-2026, (Units) (US$ Mn)
5.4 Others
5.4.1 Global Portable Oxygen Concentrators Market, by Others, 2016-2026, (Units) (US$ Mn)
Chapter 6 Global Portable Oxygen Concentrators Market, by End-user
6.1 Market Overview, by End-user
6.1.1 Global Portable Oxygen Concentrators Market, by End-user, 2016-2026 (Units) (US$ Mn)
6.1.2 Incremental Opportunity, by End-user, From 2018-2026
6.2 Hospitals
6.2.1 Global Portable Oxygen Concentrators Market, by Hospitals, 2016-2026, (Units) (US$ Mn)
6.3 Homecare Settings
6.3.1 Global Portable Oxygen Concentrators Market, by Homecare Settings , 2016-2026, (Units) (US$ Mn)
6.4 Others
6.4.1 Global Portable Oxygen Concentrators Market, by Others, 2016-2026, (Units) (US$ Mn)
Chapter 7 Global Portable Oxygen Concentrators Market, by Region
7.1 Market Overview, by Region
7.1.1 Global Portable Oxygen Concentrators Market, by Region, 2016-2026, (Units) (US$ Mn)
7.2 Attractive Investment Opportunity, by Region, 2018
7.3 North America Portable Oxygen Concentrators Market
7.3.1 North America Portable Oxygen Concentrators Market, by Delivery system, 2016-2026 (Units) (US$ Mn)
7.3.2 North America Portable Oxygen Concentrators Market, by Indication, 2016-2026 (Units) (US$ Mn)
7.3.3 North America Portable Oxygen Concentrators Market, by End-user, 2016-2026 (Units) (US$ Mn)
7.3.4 United States Country Profile
7.3.4.1 United States Portable Oxygen Concentrators Market, 2016-2026 (Units) (US$ Mn)
7.3.5 Canada Country Profile
7.3.5.1 Canada Portable Oxygen Concentrators Market, 2016-2026 (Units) (US$ Mn)
7.4 Europe Portable Oxygen Concentrators Market
7.4.1 Europe Portable Oxygen Concentrators Market, by Delivery system, 2016-2026 (Units) (US$ Mn)
7.4.2 Europe Portable Oxygen Concentrators Market, by Indication, 2016-2026 (Units) (US$ Mn)
7.4.3 Europe Portable Oxygen Concentrators Market, by End-user, 2016-2026 (Units) (US$ Mn)
7.4.4 United Kingdom Country Profile
7.4.4.1 United Kingdom Portable Oxygen Concentrators Market, 2016-2026 (Units) (US$ Mn)
7.4.5 Germany Country Profile
7.4.5.1 Germany Portable Oxygen Concentrators Market, 2016-2026 (Units) (US$ Mn)
7.4.6 France Country Profile
7.4.6.1 France Portable Oxygen Concentrators Market, 2016-2026 (Units) (US$ Mn)
7.4.7 Italy Country Profile
7.4.7.1 Italy Portable Oxygen Concentrators Market, 2016-2026 (Units) (US$ Mn)
7.4.8 Spain Country Profile
7.4.8.1 Spain Portable Oxygen Concentrators Market, 2016-2026 (Units) (US$ Mn)
7.4.9 Rest of Europe
7.4.9.1 Rest of Europe Portable Oxygen Concentrators Market, 2016-2026 (Units) (US$ Mn)
7.5 Asia Pacific Portable Oxygen Concentrators Market
7.5.1 Asia-Pacific Portable Oxygen Concentrators Market, by Delivery system, 2016-2026 (Units) (US$ Mn)
7.5.2 Asia-Pacific Portable Oxygen Concentrators Market, by Indication, 2016-2026 (Units) (US$ Mn)
7.5.3 Asia-Pacific Portable Oxygen Concentrators Market, by End-user, 2016-2026 (Units) (US$ Mn)
7.5.4 China Country Profile
7.5.4.1 China Portable Oxygen Concentrators Market, 2016-2026 (Units) (US$ Mn)
7.5.5 Japan Country Profile
7.5.5.1 Japan Portable Oxygen Concentrators Market, 2016-2026 (Units) (US$ Mn)
7.5.6 India Country Profile
7.5.6.1 India Portable Oxygen Concentrators Market, 2016-2026 (Units) (US$ Mn)
7.5.7 South Korea Country Profile
7.5.7.1 South Korea Portable Oxygen Concentrators Market, 2016-2026 (Units) (US$ Mn)
7.5.8 Rest of Asia Pacific
7.5.8.1 Rest of Asia Pacific Portable Oxygen Concentrators Market, 2016-2026 (Units) (US$ Mn)
7.6 Rest of the World Portable Oxygen Concentrators Market
7.6.1 Rest of the World Portable Oxygen Concentrators Market, by Delivery system, 2016-2026 (Units) (US$ Mn)
7.6.2 Rest of the World Portable Oxygen Concentrators Market, by Indication, 2016-2026 (Units) (US$ Mn)
7.6.3 Rest of the World Portable Oxygen Concentrators Market, by End-user, 2016-2026 (Units) (US$ Mn)
7.6.4 Latin America
7.6.4.1 Latin America Portable Oxygen Concentrators Market, 2016-2026 (Units) (US$ Mn)
7.6.5 Middle East & Africa
7.6.5.1 Middle East & Africa Portable Oxygen Concentrators Market, 2016-2026 (Units) (US$ Mn)
Chapter 8 Competitive Intelligence
8.1 Market Players Present in Market Life Cycle
8.2 Top 5 Players Comparison
8.3 Market Positioning of Key Players, 2018
8.4 Market Players Mapping
8.4.1 By Delivery System
8.4.2 By End-user
8.4.3 By Region
8.5 Strategies Adopted by Key Market Players
8.6 Recent Developments in the Market
8.6.1 Mergers & Acquisitions, Partnership, New Product Developments
8.7 Operational Efficiency Comparison by Key Players
Chapter 9 Company Profiles
9.1 Besco Medical Co., LTD
9.1.1 Besco Medical Co., LTD Overview
9.1.2 Key Stakeholders/Person in Besco Medical Co., LTD
9.1.3 Besco Medical Co., LTD Products Portfolio
9.1.4 Besco Medical Co., LTD Financial Overview
9.1.5 Besco Medical Co., LTD News/Recent Developments
9.2 Caire Inc
9.2.1 Caire Inc Overview
9.2.2 Key Stakeholders/Person in Caire Inc
9.2.3 Caire Inc Products Portfolio
9.2.4 Caire Inc Financial Overview
9.2.5 Caire Inc News/Recent Developments
9.3 Drive Devilbiss Healthcare
9.3.1 Drive Devilbiss Healthcare Overview
9.3.2 Key Stakeholders/Person in Drive Devilbiss Healthcare
9.3.3 Drive Devilbiss Healthcare Products Portfolio
9.3.4 Drive Devilbiss Healthcare Financial Overview
9.3.5 Drive Devilbiss Healthcare News/Recent Developments
9.4 GCE Group
9.4.1 GCE Group Overview
9.4.2 Key Stakeholders/Person in GCE Group
9.4.3 GCE Group Products Portfolio
9.4.4 GCE Group Financial Overview
9.4.5 GCE Group News/Recent Developments
9.5 Inogen, Inc.
9.5.1 Inogen, Inc. Overview
9.5.2 Key Stakeholders/Person in Inogen, Inc.
9.5.3 Inogen, Inc. Products Portfolio
9.5.4 Inogen, Inc. Financial Overview
9.5.5 Inogen, Inc. News/Recent Developments
9.6 Invacare Corporation
9.6.1 Invacare Corporation Overview
9.6.2 Key Stakeholders/Person in Invacare Corporation
9.6.3 Invacare Corporation Products Portfolio
9.6.4 Invacare Corporation Financial Overview
9.6.5 Invacare Corporation News/Recent Developments
9.7 Koninklijke Philips N.V.
9.7.1 Koninklijke Philips N.V. Overview
9.7.2 Key Stakeholders/Person in Koninklijke Philips N.V.
9.7.3 Koninklijke Philips N.V. Products Portfolio
9.7.4 Koninklijke Philips N.V. Financial Overview
9.7.5 Koninklijke Philips N.V. News/Recent Developments
9.8 Nidek Medical
9.8.1 Nidek Medical Overview
9.8.2 Key Stakeholders/Person in Nidek Medical
9.8.3 Nidek Medical Products Portfolio
9.8.4 Nidek Medical Financial Overview
9.8.5 Nidek Medical News/Recent Developments
9.9 O2 Concepts LLC
9.9.1 O2 Concepts LLC Overview
9.9.2 Key Stakeholders/Person in O2 Concepts LLC
9.9.3 O2 Concepts LLC Products Portfolio
9.9.4 O2 Concepts LLC Financial Overview
9.9.5 O2 Concepts LLC News/Recent Developments
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