North America Portable Oxygen Concentrators Market Growth Drivers and Forecast by 2027

North Americaportable oxygen concentratorsmarket is 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.

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.The scope of the portable oxygen concentrators market includes product, application, end user, and region.

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

Market Insights

Growing Prevalence of Respiratory Disorders and COVID-19 Cases

The novel Coronavirus can cause a significant respiratory distress and extreme respiratory failure, which can even cause among people. With the foreseen shortage of hospital ventilators, the US FDA has authorized the use of oxygen concentrators. The governments acrossthe world are arranging oxygen concentrators to COVID-19 patients under home isolation to manage the sudden drop in oxygen among these patients. As per the WHO report data, hospitals in the US have only ~162,000 ventilators, and there might be an additional 15,000 available from the federal Strategic National Stockpile, along with another 2,000 from the defense department. Since ~900,000 more devices are likely to be needed at a time of peak demand, the current shortage poses a major challenge to hospitals and stand-alone healthcare providers. With the foreseen shortage of hospital ventilators, the US FDA has authorized the use of oxygen concentrators, BiLevel positive airway pressure machines, and similar devices as an alternative.

Moreover, portable oxygen concentrators are currently the most widespread and effective therapy for respiratory disorders. According to the summary of the Health Statistics National Health Interview Survey, in 2018, nine million people were diagnosed with chronic bronchitis in the US. Thus, increasing prevalence of COVID-19 cases, scarcity of ventilators for COVID-19 patients, and respiratory disorders are driving the portable oxygen concentrators devices market.

Product-BasedMarket Insights

Based on product,the portable oxygen concentrators market is further segmented into continuous flow and pulse flow. The continuous flow segment held a larger share of the market in 2019; however, the pulse flowsegment is anticipated to register the highest CAGR in the market during the forecast period.

North AmericaPortable Oxygen ConcentratorsMarket, by Product– 2019and 2027

Application-Based Market Insights

Based on application, the portable oxygen concentrators market is segmented into COPD, asthma, respiratory distress syndrome, and others. The COPDsegment held the largest share of the market in 2019 and is estimated to register the highest CAGR during the forecast period.

End User-Based Market Insights

Based on end user, the portable oxygen concentrators market is segmented into home care settings, hospitals, and others. The home care settingssegment held the largest share of the market in 2019 and is estimated to register the highest CAGR during the forecast period.

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Product launches and approvalsarecommonly adopted strategies by companies to expand their footprint worldwide and meet the growing demand. The players operating in the portable oxygen concentrators marketadopt the expansion, collaboration, and product launch strategies to enlarge customer base acrossthe world.These strategies allow the players to maintain their brand name globally. For instance, in November 2019, Drive DeVilbiss Healthcare launched a new portable oxygen concentrator namely, iGo2 Portable Oxygen Concentrator (POC). The product is unique and use patented technology to adjust the dosage of oxygen automaticallyin relation to a patient’s breath rate.

ByProduct

• Continuous Flow
• Pulse Flow

By Application

• COPD
• Asthma
• Respiratory Distress Syndrome
• Others

By End User

• Hospitals
• Homecare Settings
• Others

By Country

• North America
• US
• Canada
• Mexico

Company Profiles

• Koninklijke Philips N.V
• Caire Inc. (Chart Industries)
• Inogen Inc.
• Invacare Corporation
• O2 Concepts
• Nidek Medical Products, Inc.
• Drive DeVilbiss International
• GCE Group
• Inova labs Inc. (ResMed)

Report Scope

North America Portable Oxygen Concentrators Market Regional Insights

The regional trends and factors influencing the North America Portable Oxygen Concentrators Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses North America Portable Oxygen Concentrators Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

North America Portable Oxygen Concentrators Market Report Scope

North America Portable Oxygen Concentrators Market Players Density: Understanding Its Impact on Business Dynamics

The North America Portable Oxygen Concentrators Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the North America Portable Oxygen Concentrators Market are:

1. Koninklijke Philips N.V
2. Caire Inc. (Chart Industries)
3. Inogen Inc.
4. Invacare Corporation
5. O2 Concepts

Disclaimer: The companies listed above are not ranked in any particular order.