According to the latest report by IMARC Group “Portable Oxygen Concentrators Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The Global portable oxygen concentrators market size exhibited strong growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 9% during the forecast period (2021-2026).
Portable oxygen concentrators(POCs)are medical devices that separate nitrogen and oxygen from the air and provide pure oxygen to the patient. They come with both a DC adapter to plug into an automobile, boat or motor home and an AC adapter for use in any household outlet. Nowadays, portable oxygen concentrators are available in a variety of sizes, shapes and colors.
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The portable oxygen concentrators market is primarily driven by the rising prevalence of respiratory diseases, such as chronic obstructive pulmonary disease (COPD), asthma and respiratory distress syndrome. Besides this, several technological advancements have prompted manufacturers to introduce compact concentrators with improved design and mobility. Moreover, with the outbreak of coronavirus disease (COVID-19), there has been a significant demand for portable oxygen concentrators as patients with COPD, pre-existing asthma and other lung problems require these devices to maintain an adequate concentration of oxygen.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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