Europe Portable Oxygen Concentrators Market Size, Share, and Analysis by 2027
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
- Status : Published
- Report Code : TIPRE00012999
- Category : Life Sciences
- No. of Pages : 126
- Available Report Formats :
- Last update date : October 07, 2020
2019 Market Size
US$ 381.70 Mn
Base year value
2027 Forecast
US$ 710.25 Mn
Projected by 2027
CAGR 2020-2027
8.2 %
Growth rate
Addressable Market
US$ 4,424.78 Mn
(2020-2027)
The Europe portable oxygen concentrators market is expected 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.
The growth of the market is attributed to the rising number of COVID-19 cases and increasing prevalence of respiratory diseases. However, the high cost associated with the portable oxygen concentrators is expected to restraint the growth of the market during the forecast years
The Europe portable oxygen concentrators market is expected to witness significant growth during the forecast period due to the increasing incidence of these diseases is likely to account for the growth of portable oxygen concentrators market in the region. With the rising incidence of COVID-19 in the country, the need for emergency breathing equipment has also remarkably spiked up in the recent times. According to the World Health Organization and Worldometer’s data, approximately 203k cases of COVID-19 were confirmed in Germany by July 2020. The rising number of patients falling short of breathing equipment is likely to account for growth of the market over the coming years.
The UK is one of the key markets for portable oxygen concentrators in Europe. According to the British Lung Foundation (BLF), approximately 10,000 people in the UK are newly diagnosed with a lung disease every week. Medical conditions such as Asthma, chronic obstructive pulmonary disorder (COPD) and long-term respiratory illness affects approximately 1 in 5 people in the country implying serious prevalence of these diseases and the need to curb and manage these conditions.
Furthermore, increasing healthcare expenditure, another factor that is likely to boost the market growth in the coming years. As per the report of the National Health Service (NHS), health expenditure, which includes health research, medical services, and central & other health services per capita in England, has risen to US$ 2,800 in 2016 from about US$ 2,500 in 2012. According to Foundation Trust Network, in 2014, around total expenditure on surgery in the NHS in England amounts to US$ 6.8 billion (£4.5 billion), which is more than 4% of the total NHS budget..
Europe Portable Oxygen Concentrators Market Revenue and Forecast to 2027 (US$ Million)
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
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
- GCE Group (Colfax Corporation)
- Invacare Corporation
- INOGEN INC.
- Koninklijke Philips N.V.
Europe Portable Oxygen Concentrators Report Scope
| 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 |
|
- Comprehensive Market Sizing and Forecast Analysis
- Detailed Segmentation Analysis
- In-Depth Market Dynamics Assessment
- Regional and Country-Level Insights
- Competitive Landscape and Company Benchmarking
- Strategic Business Intelligence
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