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 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. Growing prevalence of respiratory disorders, rise in geriatric population and increasing demand for the portable oxygen concentrators as alternative breathing equipment amidst the COVID-19 pandemic are likely to be responsible for the dominance of the market. However, high cost of device is likely to hamper the growth of the market during the forecast period..
Market Overview and Dynamics
The Europe portable oxygen concentrators market is projected to reach US$ 710.25 million by 2027 from US$ 381.70 million in 2019. The market is estimated to grow at a CAGR of 8.2% from 2020 to 2027. Factors driving the market growth include rising number of COVID-19 cases and increasing prevalence of respiratory diseases. However, the high cost associated with the portable oxygen concentrators is likely to have a negative impact on market growth.
Key Market Segments
By product, the continuous flow segment accounted for the largest share of the Europe portable oxygen concentrators market in 2019. In terms of application, in 2019, the COPD segment held the most significant share of the portable oxygen concentrators market. In terms of end-user, the home care settings segment held the largest market share of the portable oxygen concentrators market in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing the Europe portable oxygen concentrators market report are World Health Organization, Ministry of Health and Prevention, and Non Communicable Diseases (NDC).
Reasons to buy the report
EUROPE PORTABLE OXYGEN CONCENTRATORS MARKET SEGMENTATION
By Product
· Continuous Flow
· Pulse Flow
By Application
· COPD
· Asthma
· Respiratory Distress Syndrome
· Others
By End-User
· Hospitals
· Homecare Settings
· Others
By Country
· UK
· Germany
· France
· Italy
· Spain
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 381.70 Million |
| Market Size by 2027 | US$ 710.25 Million |
| CAGR (2020 - 2027) | 8.2% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Product
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Portable Oxygen Concentrators Market is valued at US$ 381.70 Million in 2019, it is projected to reach US$ 710.25 Million by 2027.
As per our report Europe Portable Oxygen Concentrators Market, the market size is valued at US$ 381.70 Million in 2019, projecting it to reach US$ 710.25 Million by 2027. This translates to a CAGR of approximately 8.2% during the forecast period.
The Europe 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 Europe Portable Oxygen Concentrators Market report:
The Europe Portable Oxygen Concentrators Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Portable Oxygen Concentrators Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Portable Oxygen Concentrators Market value chain can benefit from the information contained in a comprehensive market report.
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