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Portable Oxygen Concentrators Market Size, Share, Industry Trends and Forecast to 2033
This report provides a comprehensive analysis of the Portable Oxygen Concentrators market, exploring trends, growth forecasts, and insights from 2023 to 2033. It covers market size, segmentation, regional insights, and technology advancements.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $2.30 Billion |
| CAGR (2023-2033) | 7.2% |
| 2033 Market Size | $4.70 Billion |
| Top Companies | Inogen, Inc., Philips Respironics, Drive DeVilbiss Healthcare, AirSep Corporation |
| Last Modified Date | 15 Nov 2024 |
Portable Oxygen Concentrators Market Report (2023 - 2033)
Portable Oxygen Concentrators Market Overview
What is the Market Size & CAGR of Portable Oxygen Concentrators market in 2023?
Portable Oxygen Concentrators Industry Analysis
Portable Oxygen Concentrators Market Segmentation and Scope
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Portable Oxygen Concentrators Market Analysis Report by Region
Europe Portable Oxygen Concentrators Market Report:
Europe's market is anticipated to grow from $0.65 billion in 2023 to $1.33 billion by 2033. The aging population and increasing prevalence of chronic respiratory diseases drive the demand for Portable Oxygen Concentrators in European countries.Asia Pacific Portable Oxygen Concentrators Market Report:
In the Asia Pacific region, the Portable Oxygen Concentrators market was valued at approximately $0.45 billion in 2023 and is projected to expand to $0.93 billion by 2033. The increasing population with respiratory ailments and growing healthcare infrastructure are key drivers of market growth in this region.North America Portable Oxygen Concentrators Market Report:
North America represents the largest market share, valued at $0.79 billion in 2023, expected to reach $1.61 billion by 2033. High healthcare expenditure, robust healthcare policies, and prominent market players accelerate growth in this region.South America Portable Oxygen Concentrators Market Report:
The South American market is relatively smaller, with a size of $0.09 billion in 2023, projected to double by 2033. Limited access to advanced medical technologies presents opportunities for growth as health awareness increases among the population.Middle East & Africa Portable Oxygen Concentrators Market Report:
In the Middle East and Africa, the market was valued at $0.32 billion in 2023 and is expected to reach $0.65 billion by 2033, buoyed by growing awareness about respiratory health and improving healthcare facilities.Request a custom research report for industry.
Portable Oxygen Concentrators Market Analysis By Type
Global Portable Oxygen Concentrators Market, By Type Market Analysis (2023 - 2033)
The Portable Oxygen Concentrators market size was $0.44 billion in 2023, expected to reach $0.89 billion by 2033.With a 18.92% share in 2023, it's anticipated that the market share will remain stable, reflecting the importance of portable devices among users.
Portable Oxygen Concentrators Market Analysis By Technology
Global Portable Oxygen Concentrators Market, By Technology Market Analysis (2023 - 2033)
Pneumatic Technology maintained a dominant position with a market size of $1.41 billion in 2023 and expected growth to $2.88 billion by 2033. Electric Technology followed, projected to grow from $0.60 billion to $1.22 billion during the same period, while Other Technologies contributed a smaller segment.
Portable Oxygen Concentrators Market Analysis By Application
Global Portable Oxygen Concentrators Market, By Application Market Analysis (2023 - 2033)
The Homecare application segment leads the market with a size of $1.41 billion in 2023, projected to expand to $2.88 billion by 2033. Clinical applications are also on the rise, expected to grow from $0.60 billion to $1.22 billion.
Portable Oxygen Concentrators Market Analysis By End User
Global Portable Oxygen Concentrators Market, By End-User Market Analysis (2023 - 2033)
Elderly people constitute a significant segment, valued at $1.41 billion in 2023 and projected to reach $2.88 billion by 2033. Patients with Respiratory Issues also hold a crucial share, expected to grow from $0.60 billion to $1.22 billion.
Portable Oxygen Concentrators Market Analysis By Distribution Channel
Global Portable Oxygen Concentrators Market, By Distribution Channel Market Analysis (2023 - 2033)
Online Sales dominated with a market size of $1.86 billion in 2023, expected to reach $3.81 billion by 2033, reflecting the shift towards e-commerce. Offline Sales also contribute with a size of $0.44 billion in 2023, anticipated to grow to $0.89 billion.
Portable Oxygen Concentrators Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Portable Oxygen Concentrators Industry
Inogen, Inc.:
Inogen is a leading provider of portable oxygen therapy devices, known for innovation and quality, catering to the healthcare needs of patients worldwide.Philips Respironics:
Philips Respironics, a prominent player in the market, offers a variety of portable oxygen solutions focusing on ease of use and improved patient compliance.Drive DeVilbiss Healthcare:
Drive DeVilbiss Healthcare specializes in medical devices including portable oxygen concentrators with advanced features enhancing patient mobility and independence.AirSep Corporation:
AirSep Corporation provides high-quality oxygen concentrators and has a strong global presence, contributing significantly to the industry's evolving landscape.We're grateful to work with incredible clients.
