Crystal Market Research (CMR) render to you profound details in respect to leading participants, regions, application and type of the Portable Oxygen Concentrators Market which is estimated to encounter substantial growth over the forecast period 2018-2025.
Industry Trend Analysis:
The global portable oxygen concentrators market is expected to be around $1 billion by 2025. Some of the major factors driving the market growth are high prevalence of severe obstructive pulmonary diseases, favorable government initiatives and convenience of usage. Increasing geriatric population is also expected to favorably contribute to the growth of this market during the forecast period as older adults are more susceptible to respiratory infections such as pulmonary hypertension, COPD and asthma.According to the 2015 World Aging Population report by the UN, between 2015 and 2030, the global population aged 60 years and over is expected to grow by 56% from 901 million to 1.4 billion. This number is projected to rise up to 2.1 billion by 2050. With such significant increase in older population, the demand for portable oxygen concentrators is expected to significantly increase during the forecast period. However, factors such as stringent approval process for portable oxygen concentrators laid by agencies such as FDA can hamper the market growth during the forecast period.
Major Keyplayers:
The major players operating in the global portable oxygen concentrators market emphasize on product development and innovation to introduce advanced solutions in the market and secure a competitive advantage over other market players. For instance, in May 2016, Inogen, Inc., a provider of respiratory products for homecare settings launched the ultra-portable Inogen One G4 portable oxygen concentrator. In July 2016, the company received permission to allow the Inogen One G4 to be used onboard commercial aircrafts. Some of the key players operating in this market are, Precision Medical, Inc., Invacare Corporation, Medical Depot, Inc. dba Drive DeVilbiss Healthcare, Inogen, Inc., Chart Industries, Inc., Koninklijke Philips N.V., O2 Concepts, LLC., GCE Group, Nidek Medical Products, Inc., Inova Labs, Inc. (a part of ResMed Inc.), Teijin Limited, Besco Medical Co., LTD. and Oxus America.
Market Opportunities:
Technological advancements in treating COPD and asthma will boost the growth of global portable oxygen concentrators market in coming years. Development of easy to use oxygen concentrators that are convenient to be carried around will favorably increase the demand for portable concentrators over the forecast period.
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Regional Outlook and Trend Analysis:
North America dominated the global portable oxygen concentrators market in 2016 due to high prevalence chronic respiratory disorders and technological advancements resulting in development and commercialization of advanced oxygen concentrator systems. Asia-Pacific portable oxygen concentrators market is expected to witness fastest growth over the forecast period owing to increasing prevalence of geriatric population in the region and increased disposable income in emerging countries such as China and India making homecare oxygen concentrators affordable for the patients.
Portable Oxygen Concentrators Market Segmentation:
By Product: Pulse Flow Portable Oxygen Concentrators & Continuous Flow Portable Oxygen Concentrators
By End User: Homecare, Travel Agents, Hospitals & Ambulatory Surgical Centers
By Region:
North America: U.S, Canada & Mexico
Europe: Germany, France, UK, Italy, Spain & Rest of Europe
Asia-Pacific: Japan, China, Australia, India, South Korea and Rest of Asia-Pacific
Rest of the World: Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates & Others
Product Outlook and Trend Analysis:
Pulse flow portable oxygen concentrators segment held a major share of the overall market in 2016 owing to the convenience of controlled oxygen delivery as compared to a continuous flow oxygen concentrator. It pulses air into the breather’s nasal passage way with each breath through a cannula. Continuous flow oxygen concentrator continuously delivers oxygen at a specific and steady rate.
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End User Outlook and Trend Analysis:
Homecare segment dominated the portable oxygen concentrators market holding a major market share in 2016 due to increasing prevalence of geriatric population around the world who prefer homecare settings instead of a hospital setting. Moreover, favorable reimbursement policies for portable oxygen concentrators for homecare will further boost the growth of this segment over the forecast period.
Major ToC of Portable Oxygen Concentrators Market:
Part 1.Introduction
Part 2.Executive Summary
Part 3.Market Overview
Part 4.Portable Oxygen Concentrators Market, By Product
Part 5.Portable Oxygen Concentrators Market, By End User
Part 6.Portable Oxygen Concentrators Market, By Region
Part 7.Company Profiles
List of Tables:
Table 1.Global Portable Oxygen Concentrators Market, By Product, 2016-2025
Table 2.Pulse Flow Portable Oxygen Concentrators Market, By Region, 2016-2025
Table 3.Continuous Flow Portable Oxygen Concentrators Market, By Region, 2016-2025
Table 4.Global Portable Oxygen Concentrators Market, By End User, 2016-2025
Table 5.Homecare Market, By Region, 2016-2025
List of Figures:
Figure 1.Global Portable Oxygen Concentrators Market Share, By Product, 2016 & 2025
Figure 2.Portable Oxygen Concentrators Market, By End User, 2016
Figure 3.Portable Oxygen Concentrators Market, By Region, 2016
Figure 4.Invacare Corporation: Net Revenues, 2014-2016
Figure 5.Invacare Corporation: Net Revenue Share, By Segment, 2016
…CONTINUED FOR TOC
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