Asia Pacific Portable Oxygen Concentrators Market Analysis and Opportunities by 2027

The 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 Asia Pacific Portable Oxygen Concentrators market growth.

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.

The COVID-19 pandemic began in Wuhan, China and was dramatically spread across the continent and further the world. Some of the countries in Asia have some of the highest numbers of coronavirus cases in the world. Among the earliest countries to suffer from the disease included Iran, Iraq, Bangladesh, Japan, South Korea and India. In the recent situation, India is the second most affected country due to COVID in the world. According to the Worldometer, India reported 7,926,245 cases of COVID-19 by October 26, 2020. Moreover, Iran had 574,856 cases of coronavirus cases in October 2020. Some of the other adversely affected countries due to COVID-19 include Iraq, Bangladesh, Indonesia, Pakistan and others.

Furthermore, the highest numbers of deaths due to coronavirus were recorded in India, Iran, Indonesia, and Iraq. Moreover, government implementing several initiatives to help the organizations to sustain during this crisis. The requirement of respiratory assist equipment by patients in Asian countries is expected to augment the growth of the Asia Pacific portable oxygen concentrators market over the coming years.

China Portable Oxygen Concentrators Market Revenue and Forecasts to 2027 (US$ Million)

ASIA-PACIFIC PORTABLE OXYGEN CONCENTRATORS MARKET SEGMENTATION

By Product Type

• Continuous Flow
• Pulse Flow

By Application

• COPD
• Asthma
• Respiratory Distress Syndrome
• Others

By End User

• Hospitals
• Homecare Settings
• Others

By Country

• Germany
• UK
• France
• Italy
• Spain

Companies Mentioned

• Besco Medical
• Inogen, Inc.
• Koninklijke Philips N.V.
• CAIRE Inc. (NGK SPARK PLUG CO., LTD)
• Invacare Corporation

Asia Pacific Portable Oxygen Concentrators Report Scope