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)
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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
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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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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 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
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Portable Oxygen Concentrators Market – By Product
1.3.2 North America Portable Oxygen Concentrators Market – By Application
1.3.3 North America Portable Oxygen Concentrators Market – By End User
1.3.4 North America Portable Oxygen Concentrators Market– By Region
2. Portable Oxygen Concentrators Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Portable oxygen concentrators – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America
4.3 Expert Opinion
5. North America Portable Oxygen Concentrators Market – Industry Dynamics
5.1 Key Drivers
5.1.1 Rising Number of COVID-19 Cases Worldwide
5.1.2 Increasing Prevalence ofRespiratory Diseases
5.2 Key Market Restraint
5.2.1 High Costs of Portable Oxygen Concentrators
5.3 Key Market Opportunities
5.3.1 Technological Advancement in Portable Oxygen Concentrators
5.4 Future Trends
5.4.1 Increasing Preference of Home Care Products
5.5 Impact Analysis
6. Portable Oxygen Concentrators Market – Regional Analysis
6.1 North America Portable Oxygen Concentrators Market Revenue Forecast And Analysis
6.2 Market Positioning of Key Players
7. Portable Oxygen Concentrators Market Analysis– by Product
7.1 Overview
7.2 Portable Oxygen Concentrators Market Share, By Product, 2019 & 2027 (%)
7.3 Continuous Flow
7.3.1 Overview
7.3.2 Continuous Flow Market Revenue and Forecasts to 2027 (US$ Million)
7.4 Pulse Flow
7.4.1 Overview
7.4.2 Pulse Flow Market Revenue and Forecasts to 2027 (US$ Million)
8. Portable Oxygen Concentrators Market Analysis– by Application
8.1 Overview
8.2 Portable Oxygen Concentrators Market Share, By Application, 2019 & 2027 (%)
8.3 COPD
8.3.1 Overview
8.3.2 COPD Market Revenue and Forecasts to 2027 (US$ Million)
8.4 Asthma
8.4.1 Overview
8.4.2 Asthma Market Revenue and Forecasts to 2027 (US$ Million)
8.5 Respiratory Distress Syndrome
8.5.1 Overview
8.5.2 Respiratory Distress Syndrome Market Revenue and Forecasts to 2027 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others Market Revenue and Forecasts to 2027 (US$ Million)
9. Portable Oxygen Concentrators Market Analysis– by End User
9.1 Overview
9.2 Portable Oxygen Concentrators Market Share, By End User, 2019 & 2027 (%)
9.3 Hospitals
9.3.1 Overview
9.3.2 Hospitals Market Revenue and Forecasts to 2027 (US$ Million)
9.4 Homecare Settings
9.4.1 Overview
9.4.2 Homecare Settings Market Revenue and Forecasts to 2027 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others Market Revenue and Forecasts to 2027 (US$ Million)
10. Portable Oxygen Concentrators Market Analysis And Forecasts To 2027 – Geographical Analysis
10.1 North America: Portable Oxygen Concentrators Market
10.1.1 Overview
10.1.2 North America: Portable Oxygen Concentrators Market – Revenue and Forecast to 2027 (USD Million)
10.1.3 North America: Portable Oxygen Concentrators Market, by Product – Revenue and Forecast to 2027 (USD Million)
10.1.4 North America: Portable Oxygen Concentrators Market, by Application – Revenue and Forecast to 2027 (USD Million)
10.1.5 North America: Portable Oxygen Concentrators Market, By End User – Revenue and Forecast to 2027 (USD Million)
10.1.6 North America: Portable Oxygen Concentrators Market, by Country, 2019 & 2027 (%)
10.1.7 US: Portable Oxygen Concentrators Market – Revenue and Forecast to 2027 (USD Million)
10.1.7.1 US: Portable Oxygen Concentrators Market – Revenue and Forecast to 2027 (USD Million)
10.1.7.2 US: Portable Oxygen Concentrators Market, by Product – Revenue and Forecast to 2027 (USD Million)
10.1.7.3 US: Portable Oxygen Concentrators Market, by Application – Revenue and Forecast to 2027 (USD Million)
10.1.7.4 US: Portable Oxygen Concentrators Market, End User – Revenue and Forecast to 2027 (USD Million)
10.1.8 Canada: Portable Oxygen Concentrators Market – Revenue and Forecast to 2027 (USD Million)
10.1.8.1 Canada: Portable Oxygen Concentrators Market – Revenue and Forecast to 2027 (USD Million)
10.1.8.2 Canada: Portable Oxygen Concentrators Market, by Product – Revenue and Forecast to 2027 (USD Million)
10.1.8.3 Canada: Portable Oxygen Concentrators Market, by Application – Revenue and Forecast to 2027 (USD Million)
10.1.8.4 Canada: Portable Oxygen Concentrators Market, End User – Revenue and Forecast to 2027 (USD Million)
10.1.9 Mexico: Portable Oxygen Concentrators Market – Revenue and Forecast to 2027 (USD Million)
10.1.9.1 Mexico: Portable Oxygen Concentrators Market – Revenue and Forecast to 2027 (USD Million)
10.1.9.2 Mexico: Portable Oxygen Concentrators Market, by Product – Revenue and Forecast to 2027 (USD Million)
10.1.9.3 Mexico: Portable Oxygen Concentrators Market, by Application – Revenue and Forecast to 2027 (USD Million)
10.1.9.4 Mexico: Portable Oxygen Concentrators Market, End User – Revenue and Forecast to 2027 (USD Million)
11. Impact Of COVID-19 Pandemic On North America Portable oxygen concentrators Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
12. Portable Oxygen Concentrators Market –Company Profiles
12.1 Koninklijke Philips N.V.
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 CAIRE Inc. (NGK SPARK PLUG CO., LTD)
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 INOGEN INC.
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 Invacare Corporation
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 Nidek Medical Products, Inc.
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
12.6 ResMed (Inova Lab)
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 GCE Group (Colfax Corporation)
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 O2 Concepts
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Drive DeVilbiss International
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 Glossary of Terms
LIST OF TABLES
Table 1. North America: Portable Oxygen Concentrators Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 2. North America: Portable Oxygen Concentrators Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 3. North America: Portable Oxygen Concentrators Market, By End User – Revenue and Forecast to 2027 (USD Million)
Table 4. US: Portable Oxygen Concentrators Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 5. US: Portable Oxygen Concentrators Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 6. US: Portable Oxygen Concentrators Market, End User – Revenue and Forecast to 2027 (USD Million)
Table 7. Canada: Portable Oxygen Concentrators Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 8. Canada: Portable Oxygen Concentrators Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 9. Canada: Portable Oxygen Concentrators Market, End User – Revenue and Forecast to 2027 (USD Million)
Table 10. Mexico: Portable Oxygen Concentrators Market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 11. Mexico: Portable Oxygen Concentrators Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 12. Mexico: Portable Oxygen Concentrators Market, End User – Revenue and Forecast to 2027 (USD Million)
Table 13. Glossary of Terms, Portable Oxygen Concentrators Market
LIST OF FIGURES
Figure 1. Portable Oxygen Concentrators Market Segmentation
Figure 2. Portable Oxygen Concentrators Segmentation – By Region
Figure 3. North America Portable Oxygen Concentrators Market Overview
Figure 4. The Oncology Segment Held Largest Share and Rare Diseases Segment Expected To Grow With Highest Growth Rate
Figure 5. US Is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. North America PEST Analysis
Figure 7. Portable Oxygen Concentrators Market Impact Analysis of Driver and Restraints
Figure 8. North America Portable Oxygen Concentrators Market – Revenue Forecast And Analysis – 2019- 2027
Figure 9. Market Positioning of Key Players In North America Portable Oxygen Concentrators Market
Figure 10. Portable Oxygen Concentrators Market Share, by Product, 2019 & 2027 (%)
Figure 11. Continuous Flow Market Revenue and Forecasts to 2027 (US$ Million)
Figure 12. Pulse Flow Market Revenue and Forecasts to 2027 (US$ Million)
Figure 13. Portable Oxygen Concentrators Market Share, by Application, 2019 & 2027 (%)
Figure 14. COPDMarket Revenue and Forecasts to 2027 (US$ Million)
Figure 15. Asthma Market Revenue and Forecasts to 2027 (US$ Million)
Figure 16. Respiratory Distress Syndrome Market Revenue and Forecasts to 2027 (US$ Million)
Figure 17. Others Market Revenue and Forecasts to 2027 (US$ Million)
Figure 18. Portable Oxygen Concentrators Market Share, by End User, 2019 & 2027 (%)
Figure 19. Hospitals Market Revenue and Forecasts to 2027 (US$ Million)
Figure 20. Homecare Settings Market Revenue and Forecasts to 2027 (US$ Million)
Figure 21. Others Market Revenue and Forecasts to 2027 (US$ Million)
Figure 22. North America: Portable Oxygen Concentrators Market, by Key Country – Revenue (2019) (USD Million)
Figure 23. North America: Portable Oxygen Concentrators Market Revenue and Forecast to 2027 (USD Million)
Figure 24. North America: Portable Oxygen Concentrators Market, by Country, 2019 & 2027 (%)
Figure 25. US: Portable Oxygen Concentrators Market – Revenue and Forecast to 2027 (USD Million)
Figure 26. Canada: Portable Oxygen Concentrators Market – Revenue and Forecast to 2027 (USD Million)
Figure 27. Mexico: Portable Oxygen Concentrators Market – Revenue and Forecast to 2027 (USD Million)
Figure 28. Impact of COVID-19 Pandemic on Portable Oxygen Concentrators Market in North American Countries
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)
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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