Report : North America Portable Oxygen Concentrators Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product (Continuous Flow, Pulse Flow); Application (COPD, Asthma, Respiratory Distress Syndrome, Others); End User (Hospitals, Homecare Settings, Others), and Country
Pulse flow segment by product is estimated to lead the market growth during the forecast period
According to a new market research study of “North America Portable Oxygen Concentrators Forecast to 2027 - COVID-19 Impact and Global Analysis by Product, Application, and End User,” the market is projected to reach US$1,315.42 million by2027 from US$682.73 million in2019. The market is estimated to grow ata CAGR of 8.6% from 2020 to 2027. The report highlights trends prevailing in the North Americaportable oxygen concentrators market and the factors driving market along with those that act as hindrances.
Based onproduct,the North Americaportable oxygen concentrators market is further segmented into continuous flow and pulse flow.The continuous flow segment held the larger share of the market in 2019; however, the pulse flowsegment is anticipated to register the highest CAGR in the market during the forecast period. The pulse flow devices are compact, portable, and provide oxygen in pulse doses. Patients using portable oxygen concentrators find the pulse-flow concentrators to be more comfortable as the patients do not have to struggle with the incoming oxygen while exhalation. As the pulse flow oxygen concentrators are smaller machines, these devices generate modest amounts of oxygen. These devices are simple and easy to use, which is likely to augment their adoption rate over the coming years. Inogen, Inc.; AirSep; CAIRE; Respironics; O2 Concepts; and Precision Medical are among the companies offering pulse flow devices.
North Americaportable oxygen concentrators market is expected to grow due to the factors such as growing prevalence of respiratory diseases and COVID-19 cases. However, the high cost associated with the portable oxygen concentrators is expected to restraint the growth of the market during the forecast years
Koninklijke Philips N.V, Caire Inc. (Chart Industries), Inogen Inc., and Invacare Corporation are among the leading companies operating in the North Americaportable oxygen concentrators market.
North America Portable Oxygen Concentrators Market, By Country, 2019 (% share)
The report segments in North America Portable Oxygen Concentrators market as follows:
- Continuous Flow
- Pulse Flow
- Respiratory Distress Syndrome
By End User
- Homecare Settings
- North America
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