Lucintel’s latest market report analyzed that portable oxygen concentrator provides attractive opportunities in the home care and non-home care markets. The portable oxygen concentrator market is expected to reach $2.7 billion by 2028 with a CAGR of 8%. In this market, continuous flow is the largest segment by technology, whereas home care is largest by end use.
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Based on technology, the portable oxygen concentrator market is segmented into continuous flow and pulse flow. The continuous flow segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the increasing number of people suffering from respiratory diseases and growing acceptance of technological developments.
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The Portable Oxygen Concentrator Market is marked by the presence of several big and small players. Some of the prominent players offering portable oxygen concentrator include Koninklijke Philips, Inogen Inc, Chart Industries, Resmed., Invacare Corporation, Precision Medical, O2 Concepts, and GCE Group.
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