A report by The Insight Partner’s on the Portable Oxygen Concentrators Market discusses the growth of the market in great detail. It discusses thoroughly all factors promoting and deterring the market. The report also focuses on the competitive dynamics in the market by monitoring the strengths and weaknesses of prominent contributors and their key products.
The portable oxygen concentrators market is expected to reach US$ 2,934.90 million by 2027 from US$ 1,547.33 million in 2019; it is estimated to grow at a CAGR of 8.4% during 2020-2027.
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The List of Companies
Rising Number of COVID-19 Cases Worldwide
The portable oxygen concentrators are used in the treatment of chronic obstructive respiratory diseases and in COVID-19 cases as a replacement of respiratory device ventilator. The novel coronavirus can cause a significant respiratory distress and majority of the patients who do die are a result of extreme respiratory failure. The oxygen concentrators prove to be very helpful in providing supplemental oxygen or relieve breathing difficulty thereby expediting body’s healing process. The governments around the world are arranging oxygen concentrators to COVID-19 patients under home isolation to manage with sudden drop in oxygen among these patients. For instance, On June 22nd, 2020, the Chief Minister of Delhi, India made arrangements to send oxygen concentrators to patients suffering with COVID-19. With a predicted shortfall of hospital ventilators needed to treat people diagnosed with COVID-19 disease with breathing problems, the US FDA has authorized the use of oxygen concentrators and similar devices to help cover the forecasted shortage. Also stated that hospitals and other healthcare providers could repurpose (breathing) machines including oxygen concentrators as ventilators. Thus, increasing prevalence of COVID-19 cases, scarcity of ventilators for COVID-19 patients, and respiratory disorders are driving the portable oxygen concentrators devices market
Research report has been compiled by studying the market in-depth along with drivers, opportunities, restraints & other strategies as well as new-developments that can help a reader to understand the exact situation of the market along with the factors that can limit or hamper the market growth and the report also has been updated with Impacts & effects of Coronavirus pandemic and how it has influenced consumer behavior & the growth of the market as well as industries.
The COVID-19 outbreak is currently going the world over, the Portable Oxygen Concentrators Market report covers the impact of the corona-virus on top company’s growth. This research report categorizes as the key players in the Portable Oxygen Concentrators market and also gives a comprehensive study of Covid-19 impact analysis of the market by regions like (Americas, Europe APAC, and EMEA).
The report offers key drivers that propel the growth in the global Portable Oxygen Concentrators market. These insights help market players in devising strategies to gain market presence. The research also outlined the restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining the potential in untapped regions.
This report focuses on the global Portable Oxygen Concentrators market with the future forecast, growth opportunity, key market, and key players. The study objectives are to present the Portable Oxygen Concentrators market development in North America, Europe, China, Japan, Southeast Asia, India, and Central & South America.
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