Report : Europe 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 FlowSegmentto Grow atFaster PaceDuring Forecast Period
According to the latest study on “Europe Portable Oxygen Concentrators MarketForecast to 2027– Covid-19 Impact and Analysis – by Product, Application and End-User,”the market was valued at US$ 381.70 million in 2019 and is projectedto reach US$ 710.25 millionby2027; it is expected to grow at a CAGR of 8.2% during 2020–2027. The report highlights trends prevailing in the Europe portable oxygen concentratorsmarket and factors driving and restraining the market growth.
Based on product, the Europe portable oxygen concentrators market is further segmented into continuous flow and pulse flow. In 2019, the continuous flowheld a larger share of the market. However, pulse flow segment the expected to register a higher CAGR during the forecast period.
The Europe portable oxygen concentratorsmarket is expected to grow owing to the factors such as the rising number of COVID-19 cases and increasing prevalence of respiratory diseases. On the other hand, high cost associated with the portable oxygen concentrators is likely to have a negative impact on market growth.
GCE Group (Colfax Corporation), Invacare Corporation, INOGEN INC., and Koninklijke Philips N.V.are among the leading companies operating in the Europe portable oxygen concentrators market.
The report segments the Europe portable oxygen concentratorsMarket as follows: