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)
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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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North America Portable Oxygen Concentrators Market: Strategic Insights
Market Size Value in | US$ 682.73 Million in 2019 |
Market Size Value by | US$ 1,315.42 Million by 2027 |
Growth rate | CAGR of 8.6% from 2020-2027 |
Forecast Period | 2020-2027 |
Base Year | 2020 |
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Speak to AnalystProduct 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 Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product, Application, End User, and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada
The List of Companies - North America Portable Oxygen Concentrators Market
- 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)
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