The latest report by IMARC Group, titled “Portable Oxygen Concentrators Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. The global portable oxygen concentrators market size reached US$ 1.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.7 Billion by 2028, exhibiting a growth rate (CAGR) of 8.3% during 2023-2028.

Medical devices known as portable oxygen concentrators (POCs) are made to provide oxygen therapy to people whose blood oxygen levels are low. To guarantee effective oxygen delivery, they are outfitted with a variety of delivery modes, including pulse, on-demand, and continuous flow. They draw oxygen from the atmosphere to create concentrated medical-grade gas, and they are powered by a portable battery or an electrical source. They are lightweight, portable, and compact. By supplying a constant flow of oxygen, they can also aid in better sleep, more mental clarity, and increased stamina. Consequently, POCs are becoming increasingly popular among those who suffer from respiratory conditions including asthma and chronic obstructive pulmonary disease (COPD).

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Portable Oxygen Concentrators Market Trends and Drivers:

The primary driver of the market is the increasing global prevalence of respiratory illnesses, such as pneumonia, lung cancer, and pulmonary fibrosis. The aging population, which is more prone to certain conditions, and rising knowledge of advanced care techniques are also driving the market's expansion. Another significant element driving increase in POCs is the introduction of technological innovations like smaller membranes and longer-lasting batteries. In addition, the coronavirus disease (COVID-19) pandemic, which started recently, has increased demand for POCs. In addition, the market is expanding because to the rising demand for premium oxygen brought on by the rising levels of environmental pollution from carbon dioxide (CO2) emissions. Positive market outlook is also being created by the rising demand for the product among tourists and mountaineers who need oxygen in locations with low oxygen levels.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Technology:

  • Continuous Flow
  • Pulse Flow

Breakup by Application:

  • Chronic Obstructive Pulmonary Disease (COPD)
  • Asthma
  • Respiratory Distress Syndrome
  • Sleep Apnea
  • Others

Breakup by End User:

  • Hospitals
  • Ambulatory Surgery Centers
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • The Middle East and Africa

Competitive Landscape with Key Player:

  • Caire Inc. (NGK Spark Plug Co. Ltd)
  • Chart Industries Inc.
  • Drive Devilbiss Healthcare Limited (Drive International LLC)
  • Inogen Inc.
  • Invacare Corporation
  • Koninklijke Philips N.V.
  • Nidek Medical India Pvt Ltd
  • O2 Concepts LLC
  • Precision Medical Inc. (BioHorizons Inc.)
  • Resmed Inc.
  • Teijin Limited.

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