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)
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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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, Application, End User, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia-Pacific Portable Oxygen Concentrators Market – By Product Type Type
1.3.2 Asia-Pacific Portable Oxygen Concentrators Market – By Application
1.3.3 Asia-Pacific Portable Oxygen Concentrators Market – By End User
1.3.4 Asia-Pacific Portable Oxygen Concentrators Market – By Country
2. Asia-Pacific Portable Oxygen Concentrators Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia-Pacific Portable Oxygen Concentrators Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Portable Oxygen Concentrators Market - Asia-Pacific PEST Analysis
4.3 Expert Opinion
5. Asia-Pacific Portable Oxygen Concentrators Market - Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Increasing Number of Patients Suffering with COVID-19
5.1.2 Rising Prevalence of Respiratory Diseases
5.2 Key Market Restraints
5.2.1 High Prices of the Portable Oxygen Concentrators
5.3 Market Opportunities
5.3.1 Continuous Development in the Field of Portable Oxygen Concentrators
5.4 Future Trends
5.4.1 Rising Adoption of Home Care Products
5.5 Impact analysis
6. Portable Oxygen Concentrators Market – Asia-Pacific Analysis
6.1 Asia-Pacific Portable Oxygen Concentrators Market Revenue Forecasts and Analysis
7. Asia-Pacific Portable Oxygen Concentrators Market Analysis And Forecasts To 2027 – By Product Type Type
7.1 Overview
7.2 Asia-Pacific Portable Oxygen Concentrators market, By Type 2019 & 2027 (%)
7.2.1 Asia-Pacific Portable Oxygen Concentrators Market Revenue and Forecasts to 2027, By Product Type Type (US$ Mn)
7.3 Continuous Flow
7.3.1 Overview
7.3.2 Asia-Pacific Continuous Flow Market Revenue and Forecast to 2027 (US$ Mn)
7.4 Pulse Flow
7.4.1 Overview
7.4.2 Asia-Pacific Pulse Flow Market Revenue and Forecasts to 2027 (US$ Mn)
8. Asia-Pacific Portable Oxygen Concentrators Market Analysis – By Application
8.1 Overview
8.2 Asia-Pacific Portable Oxygen Concentrators Market, By Application 2019-2027 (%)
8.2.1 Asia-Pacific Portable Oxygen Concentrators Market Revenue and Forecasts to 2027, By Application (US$ Mn)
8.3 COPD
8.3.1 Overview
8.3.2 Asia-Pacific COPD Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 Asthma
8.4.1 Overview
8.4.2 Asia-Pacific Asthma Market Revenue and Forecasts to 2027 (US$ Mn)
8.5 Respiratory Distress Syndrome
8.5.1 Overview
8.5.2 Asia-Pacific Respiratory Distress Syndrome Market Revenue and Forecasts to 2027 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.2 Asia-Pacific Others Market Revenue and Forecasts to 2027 (US$ Mn)
9. Asia-Pacific Portable Oxygen Concentrators Market Analysis – By End User
9.1 Overview
9.2 Asia-Pacific Portable Oxygen Concentrators Market, By End User 2019-2027 (%)
9.2.1 Asia-Pacific Portable Oxygen Concentrators Market Revenue and Forecasts to 2027, By End User (US$ Mn)
9.3 Hospitals
9.3.1 Overview
9.3.2 Asia-Pacific Hospitals Market Revenue and Forecasts to 2027 (US$ Mn)
9.4 Homecare Settings
9.4.1 Overview
9.4.2 Asia-Pacific Homecare Settings Market Revenue and Forecasts to 2027 (US$ Mn)
9.5 Others
9.5.1 Overview
9.5.2 Asia-Pacific Others Market Revenue and Forecasts to 2027 (US$ Mn)
10. Portable Oxygen Concentrators Market Revenue and Forecasts To 2027 – Geographical Analysis
10.1 Asia-Pacific: Portable Oxygen Concentrators Market
10.1.1 Overview
10.1.2 Asia-Pacific: Portable Oxygen Concentrators Market - Revenue and Forecast to 2027 (USD Million)
10.1.3 Asia-Pacific Portable Oxygen Concentrators Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
10.1.4 Asia-Pacific Portable Oxygen Concentrators Market, by Application – Revenue and Forecast to 2027 (USD Million)
10.1.5 Asia-Pacific Portable Oxygen Concentrators Market, by End User – Revenue and Forecast to 2027 (USD Million)
10.1.6 Asia-Pacific: Portable Oxygen Concentrators Market, by Country, 2019 & 2027 (%)
10.2
10.2.1 China: Portable Oxygen Concentrators Market – Revenue and Forecast to 2027 (USD Million)
10.2.1.1 China: Portable Oxygen Concentrators Market – Revenue and Forecast to 2027 (USD Million)
10.2.1.2 China Portable Oxygen Concentrators Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
10.2.1.3 China Portable Oxygen Concentrators Market, by Application – Revenue and Forecast to 2027 (USD Million)
10.2.1.4 China Portable Oxygen Concentrators Market, by End User – Revenue and Forecast to 2027 (USD Million)
10.2.2 Japan: Portable Oxygen Concentrators Market – Revenue and Forecast to 2027 (USD Million)
10.2.2.1 Japan: Portable Oxygen Concentrators Market – Revenue and Forecast to 2027 (USD Million)
10.2.2.2 Japan Portable Oxygen Concentrators Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
10.2.2.3 Japan Portable Oxygen Concentrators Market, by Application – Revenue and Forecast to 2027 (USD Million)
10.2.2.4 Japan Portable Oxygen Concentrators Market, by End User – Revenue and Forecast to 2027 (USD Million)
10.2.3 India: Portable Oxygen Concentrators Market – Revenue and Forecast to 2027 (USD Million)
10.2.3.1 India: Portable Oxygen Concentrators Market – Revenue and Forecast to 2027 (USD Million)
10.2.3.2 India Portable Oxygen Concentrators Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
10.2.3.3 India Portable Oxygen Concentrators Market, by Application – Revenue and Forecast to 2027 (USD Million)
10.2.3.4 India Portable Oxygen Concentrators Market, by End User – Revenue and Forecast to 2027 (USD Million)
10.2.4 South Korea: Portable Oxygen Concentrators Market – Revenue and Forecast to 2027 (USD Million)
10.2.4.1 South Korea: Portable Oxygen Concentrators Market – Revenue and Forecast to 2027 (USD Million)
10.2.4.2 South Korea Portable Oxygen Concentrators Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
10.2.4.3 South Korea Portable Oxygen Concentrators Market, by Application – Revenue and Forecast to 2027 (USD Million)
10.2.4.4 South Korea Portable Oxygen Concentrators Market, by End User – Revenue and Forecast to 2027 (USD Million)
10.2.5 Australia: Portable Oxygen Concentrators Market – Revenue and Forecast to 2027 (USD Million)
10.2.5.1 Australia: Portable Oxygen Concentrators Market – Revenue and Forecast to 2027 (USD Million)
10.2.5.2 Australia Portable Oxygen Concentrators Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
10.2.5.3 Australia Portable Oxygen Concentrators Market, by Application – Revenue and Forecast to 2027 (USD Million)
10.2.5.4 Australia Portable Oxygen Concentrators Market, by End User – Revenue and Forecast to 2027 (USD Million)
11. Impact of COVID-19 Pandemic on Asia-Pacific Portable Oxygen Concentrators Market
11.1 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
12. Company Profiles
12.1 Besco Medical
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 INOGEN INC.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Koninklijke Philips N.V.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 CAIRE Inc. (NGK SPARK PLUG CO., LTD)
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Invacare Corporation
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
13. Appendix
13.1 About the Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Asia-Pacific Portable Oxygen Concentrators Market Revenue and Forecasts To 2027, By Type(US$ Mn)
Table 2. Asia-Pacific Portable Oxygen Concentrators Market Revenue and Forecasts To 2027, By Application (US$ Mn)
Table 3. Asia-Pacific Portable Oxygen Concentrators Market Revenue and Forecasts To 2027, By End User (US$ Mn)
Table 4. Asia Pacific Portable Oxygen Concentrators Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 5. Asia Pacific Portable Oxygen Concentrators Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 6. Asia Pacific Portable Oxygen Concentrators Market, by End User– Revenue and Forecast to 2027 (USD Million)
Table 7. China Portable Oxygen Concentrators Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 8. China Portable Oxygen Concentrators Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 9. China Portable Oxygen Concentrators Market, by End User– Revenue and Forecast to 2027 (USD Million)
Table 10. Japan Portable Oxygen Concentrators Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 11. Japan Portable Oxygen Concentrators Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 12. Japan Portable Oxygen Concentrators Market, by End User– Revenue and Forecast to 2027 (USD Million)
Table 13. India Portable Oxygen Concentrators Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 14. India Portable Oxygen Concentrators Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 15. India Portable Oxygen Concentrators Market, by End User– Revenue and Forecast to 2027 (USD Million)
Table 16. South Korea Portable Oxygen Concentrators Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 17. South Korea Portable Oxygen Concentrators Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 18. South Korea Portable Oxygen Concentrators Market, by End User– Revenue and Forecast to 2027 (USD Million)
Table 19. Australia Portable Oxygen Concentrators Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 20. Australia Portable Oxygen Concentrators Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 21. Australia Portable Oxygen Concentrators Market, by End User– Revenue and Forecast to 2027 (USD Million)
Table 22. List of Abbreviation
LIST OF FIGURES
Figure 1. Portable Oxygen Concentrators Market Segmentation
Figure 2. Asia-Pacific Portable Oxygen Concentrators Market Overview
Figure 3. Diode Segment Held Largest Share of Portable Oxygen Concentrators Market
Figure 4. India is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. Asia-Pacific Portable Oxygen Concentrators Market - Leading Country Markets (US$ Mn)
Figure 6. Portable Oxygen Concentrators Market - Asia-Pacific PEST Analysis
Figure 7. Portable Oxygen ConcentratorsMarket Impact Analysis Of Driver And Restraints
Figure 8. Asia-Pacific Portable Oxygen Concentrators Market – Revenue Forecasts and Analysis – 2019- 2027
Figure 9. Asia-Pacific Portable Oxygen Concentrators Market, By Type 2019 & 2027 (%)
Figure 10. Asia-Pacific Solid Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 11. Asia-Pacific Liquid Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 12. Asia-Pacific Gas Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 13. Asia-Pacific Diode Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 14. Asia-Pacific Portable Oxygen Concentrators Market, by Application2019 & 2027 (%)
Figure 15. Asia-Pacific Dermatology and Aesthetics Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 16. Asia-Pacific Dental Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 17. Asia-Pacific Ophthalmology Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 18. Asia-PacificUrologyMarket Revenue and Forecasts to 2027 (US$ Mn)
Figure 19. Asia-PacificCardiovascularMarket Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. Asia-PacificOncology Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 21. Asia-PacificOther ApplicationsMarket Revenue and Forecasts to 2027 (US$ Mn)
Figure 22. Asia-Pacific Portable Oxygen Concentrators Market, by End User 2019 & 2027 (%)
Figure 23. Asia-PacificHospitalsMarket Revenue and Forecasts to 2027 (US$ Mn)
Figure 24. Asia-PacificSpecialized ClinicsMarket Revenue and Forecasts to 2027 (US$ Mn)
Figure 25. Asia-PacificAmbulatory ClinicsMarket Revenue and Forecasts to 2027 (US$ Mn)
Figure 26. Asia-Pacific Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 27. Asia Pacific: Portable Oxygen Concentrators Market, by Key Country – Revenue (2019) (USD Million)
Figure 28. Asia Pacific Portable Oxygen Concentrators Testing Market Revenue and Forecast to 2027 (USD Million)
Figure 29. China: Portable Oxygen Concentrators Market – Revenue and Forecast to 2027 (USD Million)
Figure 30. Japan: Portable Oxygen Concentrators Market – Revenue and Forecast to 2027 (USD Million)
Figure 31. India: Portable Oxygen Concentrators Market – Revenue and Forecast to 2027 (USD Million)
Figure 32. South Korea: Portable Oxygen Concentrators Market – Revenue and Forecast to 2027 (USD Million)
Figure 33. Australia: Portable Oxygen Concentrators Market – Revenue and Forecast to 2027 (USD Million)
Figure 34. Impact of COVID-19 Pandemic in Asia-Pacific Country Markets
- Besco Medical
- INOGEN INC
- Koninklijke Philips N.V.
- CAIRE Inc. (NGK SPARK PLUG CO., LTD)
- Invacare Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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