Market Introduction
A portable oxygen concentrator (POC) is a tool used to administer oxygen treatment to patients who need greater doses of oxygen than that in normal air. It's comparable to a concentrators with home oxygen (OC), but is reduced in size and more mobile. These devices enable patients to carry their oxygen along with them and help them to continue their usual activities allowing the freedom to continue a normal lifestyle.
Market Overview and Dynamics
The APAC portable oxygen concentrators market is expected to reach US$ 610.17 million in 2027 from US$ 310.90 million in 2019. The market is estimated to grow with a CAGR of 8.9% from 2020-2027. The market is expected to witness a substantial growth due to driving factors such as increasing number of patients suffering with COVID-19 and rising prevalence of respiratory diseases. However, the high prices of the portable oxygen concentrators are expected to hinder the market growth.
Key Market Segments
Based on product type, the portable oxygen concentrators market was segmented into continuous flow and pulse flow. In 2019, the continuous flow held the largest share in the market and is forecasted to retain its dominance till 2027. This attributes to the high penetration of this equipment in the market, rapid technological advancements and on-going use of this equipment in oxygen therapies. On the other hand, pulse flow is expected to witness fastest growth rate owing to factors such as better efficiency, short-pulse delivery, and travel friendly as well as easy functionality.
Major Sources and Companies Listed
Some of the major primary and secondary sources for portable oxygen concentrators market included in the report are, World Health Organization (WHO), Ministry of Health and Family Welfare, Organization for Economic Co-operation and Development (OECD), and National Health Institutes.
Reasons to buy the report
ASIA-PACIFIC PORTABLE OXYGEN CONCENTRATORS MARKET SEGMENTATION
By Product Type
By Application
By End User
By Geography
• Asia-Pacific
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 310.90 Million |
| Market Size by 2027 | US$ 610.17 Million |
| CAGR (2020 - 2027) | 8.9% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Portable Oxygen Concentrators Market is valued at US$ 310.90 Million in 2019, it is projected to reach US$ 610.17 Million by 2027.
As per our report Asia Pacific Portable Oxygen Concentrators Market, the market size is valued at US$ 310.90 Million in 2019, projecting it to reach US$ 610.17 Million by 2027. This translates to a CAGR of approximately 8.9% during the forecast period.
The Asia Pacific Portable Oxygen Concentrators Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Portable Oxygen Concentrators Market report:
The Asia Pacific Portable Oxygen Concentrators Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Portable Oxygen Concentrators Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Portable Oxygen Concentrators Market value chain can benefit from the information contained in a comprehensive market report.
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