Market Introduction
A portable oxygen concentrators (POCs) are used to provide oxygen to patients who need greater oxygen levels to respire than that available in ambient air. These devices are comparable to concentrators with home oxygen (OC), but are smaller and can be transported easily. These devices enable patients to carry their oxygen tanks along with them and help them continue with their usual activities, thereby conferring the freedom to pursue a normal lifestyle.
Market Overview and Dynamics
The North Americaportable oxygen concentrators marketis expected to reach US$ 1,315.42 million by 2027 from US$ 682.73 million in 2019. The market is estimated to grow at CAGR of 8.6% from 2020 to 2027. Factors such as growing prevalence of respiratory diseases and disorders and COVID-19 cases are likely to propel the growth of the market. However, high cost associated with the portable oxygen concentrators is the major factor hindering the market growth.
Key Market Segments
Based on product, the North America portable 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 flow segment is anticipated to register the highest CAGR in the market during the forecast period.In terms of application, the COPD segment held the largest share of the marketand is anticipated to register the highest CAGR in the market during the forecast period. Moreover, in terms of end user, the home care settingssegment is expected to hold the largest and fastest market share during the forecast period.
Major Sources and Companies Listed
Some of the major primary and secondary sources for North Americaportable oxygen concentratorsmarket included in the report areNational Center for Biotechnology Information (NCBI), National Cancer Institute (NCI),World Health Organization (WHO), and Ministry of Health and Prevention (MoHAP).
Reasons to buy the report
North AmericaPortable Oxygen Concentrators Market –
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 682.73 Million |
| Market Size by 2027 | US$ 1,315.42 Million |
| CAGR (2020 - 2027) | 8.6% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Product
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Portable Oxygen Concentrators Market is valued at US$ 682.73 Million in 2019, it is projected to reach US$ 1,315.42 Million by 2027.
As per our report North America Portable Oxygen Concentrators Market, the market size is valued at US$ 682.73 Million in 2019, projecting it to reach US$ 1,315.42 Million by 2027. This translates to a CAGR of approximately 8.6% during the forecast period.
The North America 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 North America Portable Oxygen Concentrators Market report:
The North America Portable Oxygen Concentrators Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Portable Oxygen Concentrators Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Portable Oxygen Concentrators Market value chain can benefit from the information contained in a comprehensive market report.
Please tell us your area of interest
(Market Segments/ Regions and Countries/ Companies)