Lucintel Forecasts Portable Oxygen Concentrator Market to Reach $2.7 Billion by 2028

According to the recent study the portable oxygen concentrator market is projected to reach an estimated $2.7 billion by 2028 from $1.8 billion in 2023, at a CAGR of 8% from 2023 to 2028. Growth in this market is primarily driven by growing geriatric population, increasing prevalence of respiratory distress syndrome and asthma prevalence, and increasing inclination from traditional cylinders to portable oxygen cylinders across the globe.

A more than 150–page report is developed to understand trends, opportunities and forecast in portable oxygen concentrator market by application (chronic obstructive pulmonary disease (COPD), asthma, respiratory distress syndrome, sleep apnea, and others), technology (continuous flow and pulse flow), end use (home care, non-home care, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link

https://www.lucintel.com/portable-oxygen-concentrator-market.aspx  

“Continuous flow market is expected to remain the largest segment during the forecast period.”

Based on technology, the portable oxygen concentrator market is segmented into continuous flow and pulse flow. Lucintel forecasts that the continuous flow market is expected to remain the largest segment due to the increasing number of people suffering from respiratory diseases and growing acceptance of technological developments. 

“Within the portable oxygen concentrator market, the home care segment is expected to remain the largest end use.”

Based on end use the home care segment is expected to witness the highest growth over the forecast period due to the growing awareness among patients and healthcare providers regarding the benefits of portable oxygen concentrator and increasing usage among COPD patients at home.

“North America will dominate the portable oxygen concentrator market in near future.”

North America will remain the largest region due to the increasing cases of COPD and other respiratory diseases, growing awareness on advanced treatment methods, and presence of well-established healthcare infrastructure.

Download Brochure of this report by clicking on https://www.lucintel.com/portable-oxygen-concentrator-market.aspx.

Major players of portable oxygen concentrator market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Koninklijke Philips, Inogen Inc, Chart Industries, Resmed., Invacare Corporation, Precision Medical, O2 Concepts, and GCE Group are among the major portable oxygen concentrator providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/portable-oxygen-concentrator-market.aspx  or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056

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