Portable Oxygen Concentrators Market Industry Analysis, Share, Trends & Forecast by 2022
© Olive David
The Global Portable Oxygen Concentrators market size was around USD 1.25 billion in 2017. It is expected to grow at a CAGR of 8% to reach USD 1.84 billion by 2022.
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Portable oxygen concentrator (POC) is a medical device used to supply oxygen to patients suffering from respiratory diseases. The concentrator separates nitrogen and oxygen from air in the environment and then discards the nitrogen and supplies 95% pure oxygen to patients through a mask.
The primary factors driving demand worldwide are a rising prevalence of chronic obstructive pulmonary diseases, a changing consumer lifestyle, adoption of new technologies, growing consumer awareness for oxygen therapy devices, rising government expenditure, and a rise in investment by manufacturing companies for the production of homecare products.
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On the other hand, stringent FDA regulations pertaining to medical devices and high product costs are few factors restraining market growth.
The market is segmented by product and end user. By product it is segmented into Continuous Flow Portable Oxygen Concentrator and Pulse Flow Portable Oxygen Concentrator. By end user it is categorized into Hospitals, Homecare, Ambulatory Surgical Centres, and Travel Agents. Pulse Flow Portable Oxygen Concentrator product segment projected to dominate the global portable oxygen concentrators market. Homecare end user category is estimated to command the market in terms of value.
By geography the market is segmented into North America, Latin America, Europe, Asia Pacific and Middle East and Africa. North America is the market leader and is expected to remain so in the aforementioned forecast period. Growing prevalence of chronic obstructive pulmonary diseases and rising technological advancements is anticipated to result in significant growth of the market which is estimated to account for 41% revenue share in 2016. The Western Europe market is anticipated to grow robustly over the forecast period due to an increasing prevalence of chronic obstructive pulmonary diseases. Increasing preference of interventional cardiologists for nonsurgical procedures is expected to drive the growth of the portable oxygen concentrators market in Western Europe over the forecast period.
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Market Segmentation
Product
• Introduction
• Continuous Flow Portable Oxygen Concentrator
• Pulse Flow Portable Oxygen Concentrator
• Y-o-Y Growth Analysis, By Product
• Market Attractiveness Analysis, By Product
• Market Share Analysis, By Product
End User
• Introduction
• Hospitals
• Homecare
• Ambulatory Surgical Centres
• Travel Agents
• Y-o-Y Growth Analysis, By End User
• Market Attractiveness Analysis, By End User
• Market Share Analysis, By End User
The Scope of the report:
• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms product type along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
About Us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.
Contact:
Abhishek Shukla
Sales Manager (International Business Development)
Market Data Forecast
Direct Line: +1-888-702-9626
Mobile: +91 998 555 0206
Mail: abhishek@marketdataforecast.com
Visit MarketDataForecast Blog @ http://www.marketdataforecast.com/blog/
View latest Press Releases of MDF @ http://www.marketdataforecast.com/press-releases
Get the Complete Report & TOC @ https://marketdataforecast.com/market-reports/portable-oxygen-concentrators-market-5335/
Portable oxygen concentrator (POC) is a medical device used to supply oxygen to patients suffering from respiratory diseases. The concentrator separates nitrogen and oxygen from air in the environment and then discards the nitrogen and supplies 95% pure oxygen to patients through a mask.
The primary factors driving demand worldwide are a rising prevalence of chronic obstructive pulmonary diseases, a changing consumer lifestyle, adoption of new technologies, growing consumer awareness for oxygen therapy devices, rising government expenditure, and a rise in investment by manufacturing companies for the production of homecare products.
Download FREE Sample of this Report @ https://marketdataforecast.com/market-reports/portable-oxygen-concentrators-market-5335/request-sample
On the other hand, stringent FDA regulations pertaining to medical devices and high product costs are few factors restraining market growth.
The market is segmented by product and end user. By product it is segmented into Continuous Flow Portable Oxygen Concentrator and Pulse Flow Portable Oxygen Concentrator. By end user it is categorized into Hospitals, Homecare, Ambulatory Surgical Centres, and Travel Agents. Pulse Flow Portable Oxygen Concentrator product segment projected to dominate the global portable oxygen concentrators market. Homecare end user category is estimated to command the market in terms of value.
By geography the market is segmented into North America, Latin America, Europe, Asia Pacific and Middle East and Africa. North America is the market leader and is expected to remain so in the aforementioned forecast period. Growing prevalence of chronic obstructive pulmonary diseases and rising technological advancements is anticipated to result in significant growth of the market which is estimated to account for 41% revenue share in 2016. The Western Europe market is anticipated to grow robustly over the forecast period due to an increasing prevalence of chronic obstructive pulmonary diseases. Increasing preference of interventional cardiologists for nonsurgical procedures is expected to drive the growth of the portable oxygen concentrators market in Western Europe over the forecast period.
Get the Customize Report @ https://marketdataforecast.com/market-reports/portable-oxygen-concentrators-market-5335/customize-report
Market Segmentation
Product
• Introduction
• Continuous Flow Portable Oxygen Concentrator
• Pulse Flow Portable Oxygen Concentrator
• Y-o-Y Growth Analysis, By Product
• Market Attractiveness Analysis, By Product
• Market Share Analysis, By Product
End User
• Introduction
• Hospitals
• Homecare
• Ambulatory Surgical Centres
• Travel Agents
• Y-o-Y Growth Analysis, By End User
• Market Attractiveness Analysis, By End User
• Market Share Analysis, By End User
The Scope of the report:
• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms product type along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
About Us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.
Contact:
Abhishek Shukla
Sales Manager (International Business Development)
Market Data Forecast
Direct Line: +1-888-702-9626
Mobile: +91 998 555 0206
Mail: abhishek@marketdataforecast.com
Visit MarketDataForecast Blog @ http://www.marketdataforecast.com/blog/
View latest Press Releases of MDF @ http://www.marketdataforecast.com/press-releases