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Global Portable Oxygen Concentrators Market Size, Share & COVID-19 Impact Analysis, By Product (Pulse Flow and Continuous Flow), By Indication (Chronic Obstructive Pulmonary Disease (COPD), Asthma, Sleep Apnea and Others), By End-Use (Homecare, Travel, Hospital and Others), and Regional Forecasts, 2023-2030

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The global portable oxygen concentrators market size was valued at USD 2.2 billion in 2022. The market is projected to grow from USD 2.2 billion in 2022 to USD 4.5 billion by 2030, exhibiting a CAGR of 10.50% during the forecast period.
 
One of the main factors fueling the market's expansion is the rising frequency of respiratory illnesses, including sleep apnea and asthma. Additionally, the aging population, which is more prone to certain illnesses, and the increased need for convenient portable devices drive the market. Following this, the demand for POCs in healthcare facilities has significantly increased as the coronavirus illness (COVID-19) pandemic spreads across the globe. These devices are necessary to maintain a sufficient oxygen concentration in patients with pre-existing asthma, chronic obstructive pulmonary disease (COPD), and other lung conditions. Additionally, several product improvements, including creating models with longer-lasting batteries and membrane technologies that are smaller in size, are fostering market expansion. The market is expected to be further fueled by additional factors, such as advancements in healthcare infrastructure and intense research and development (R&D) efforts.
 
COVID-19 IMPACT

The COVID-19 outbreak has helped the Indian market for portable oxygen concentrators. During the pandemic, these oxygen concentrators were used more frequently to supplement the oxygen given to patients getting at-home care or struggling with COVID-19-related respiratory symptoms. As a result, the market for portable oxygen concentrators in India has increased, and the trend is expected to persist throughout the projected period. 2,000 oxygen concentrators, for instance, were donated by the Indian government in Delhi in June 2020 to treat patients who have COVID-19.
 
DRIVING FACTORS

Global Market for Portable Oxygen Concentrators is Being Augmented by COPD Incidence Rise

Emphysema, chronic bronchitis, refractory asthma, and other progressive lung diseases are referred to as chronic obstructive pulmonary disease (COPD). An ongoing oxygen supply is necessary for patients with severe COPD. However, these could be the first indications of COPD. Symptoms like increased breathlessness and coughing are frequently disregarded as a normal part of aging. Chronic obstructive pulmonary disease (COPD), the third-leading cause of death globally in 2019, affected more than 65 million people, according to the World Health Organization (WHO). In addition, 3 million people died from it in 2019. In low- and middle-income nations, more than 80% of these fatalities happened. Asthma is the most widespread chronic pediatric condition, affecting 14% of all children worldwide yearly and over 262 million individuals. One estimate places the number of adults with COPD at 100 million. To participate in daily activities like shopping, working, and domestic duties, patients with COPD typically carry a portable oxygen cylinder. The increase in the prevalence of these diseases, the quick development and accessibility of many portable oxygen concentrators, and the availability of simple-to-use oxygen concentrators for treatment are driving demand for these devices.
 
RESTRAINING FACTORS

Reimbursement requirements and strict government regulations to restrict market expansion

The greatest barrier to the widespread usage of portable gas extractors is their high price. POC acceptability is limited in emerging economies as a result of a lack of available cash and a greater product price than in developed countries. Furthermore, the president's stringent limitations and reimbursement policies impede the market expansion for portable gas extractors. The FDA has altered the procedure for approving medical devices in several countries, preventing the sector from growing. A lack of qualified specialists and a limited increase in understanding could negatively impact the industry's growth.
 
SEGMENTATION

By Product

Portable Oxygen Concentrators Market By Product
Based on the product, the portable oxygen concentrators market is segmented into pulse flow and continuous flow. The continuous flow category dominated the market in 2022 because of recent advances in technology; the market for respiratory equipment for oxygen therapy is expanding at an increased rate. Additionally, the increase in the elderly population and lifestyle factors like smoking and alcohol usage are blamed for the growth, which is anticipated to fuel the market.
 
By Indication

Based on indication, the portable oxygen concentrators market is segmented into chronic obstructive pulmonary disease (COPD), asthma, sleep apnea and others. The chronic obstructive pulmonary disease (COPD) category dominated the market in 2022 due to the rising elderly population in developing countries and the high rate of adult and teenage smoking. In addition, the U.K.'s National Health Service claimed in 2019 that smoking is the primary cause of COPD and that approximately 9 out of every 10 smokers will eventually get the disease.
 
By End-Use

Based on end-use, the portable oxygen concentrators market is segmented into homecare, travel, hospital and others. The homecare category dominated the market in 2022. This is related to an increase in the number of COPD patients and the demand for home care services. Additionally, doctors advise portable oxygen concentrator therapy for wheezing because COPD is generally diagnosed in elderly and middle-aged populations. The simple availability of a wide range of effective portable oxygen concentrators for home healthcare drives the market.
 
REGIONAL INSIGHTS

Portable Oxygen Concentrators Market By Region 
North America is projected to hold the largest share of the portable oxygen concentrators market over the forecast period due to the region's advanced healthcare system, growing knowledge of cutting-edge treatment choices, and increased prevalence of lung disorders, COPD, and other conditions that make individuals rely on portable gas condensers as their primary supply of oxygen. Patients can now travel without experiencing any inconvenience because of the development of small, portable air condensers that are also economical. On the other hand, the Asia Pacific portable oxygen concentrators market is anticipated to grow significantly, driven by the nation's expanding disposable income, rising cigarette smoke and tobacco usage, rising COPD patient features, improving health care infrastructure, rising awareness of and acknowledgment of sophisticated portable gas extractors, and rising cigarette and tobacco use.
 
LIST OF KEY COMPANIES PROFILED:
  • Koninklijke Philips N.V.
  • Inogen, Inc
  • Chart Industries, Inc.
  • Resmed, Inc.
  • Invacare Corporation
  • Drive Devilbiss Healthcare LLC
  • Precision Medical, Inc.
  • Besco Medical Co.Ltd.
  • Oxus America, Inc.
  • Foshan KeyhubElectronic Industries Co.Ltd
  • O2 Concepts LLC
  • GCE Group
 Recent Development:
  • June 2022: The LifeStyle portable oxygen concentrator from Carire has significantly raised the standard of living for oxygen users worldwide.
  • April 2022: The ARYA Portable Oxygen Concentrator was introduced in the U.S. by ARYA BioMed Corp. The ARYA portable oxygen concentrator is exceptionally compact, has a powerful battery system, and charges quickly.
REPORT SCOPE AND SEGMENTATION
 
Attributes Details
Market Size in 2022 USD 2.2 Billion
Market Forecast in 2030 USD 4.5 Billion
Compound Annual Growth Rate 10.50%
Unit Revenue (USD Million) and Volume (Kilo Tons)
Segmentation By Product, By Indication, By End-Use and By Geography
By Product
  • Pulse Flow
  • Continuous Flow
By Indication
  • Chronic Obstructive Pulmonary Disease (COPD)
  • Asthma
  • Sleep Apnea
  • Others
By End-Use
  • Homecare
  • Travel
  • Hospital
  • Others
By Region
  • North America: U.S and Canada
  • Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
  • APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
  • Latin America: Brazil, Argentina, Chile
  • The Middle East And Africa: South Africa, GCC, Rest of MEA
Base Year 2022
Historical Year 2016-2021
Forecast Year 2023-2030
Chapter 1    Preface

    1.1    Report Scope and Description
        1.1.1    Study Purpose
        1.1.2    Target Audience
        1.1.3    USP and Key Offerings
    1.2    Key Benefits for Stakeholders
    1.3    Report Scope

Chapter 2    Report Summary

    2.1    Key Findings
        2.1.1    Top Investment Pockets
    2.2    Market Snapshot: Global Portable Oxygen Concentrators Market
    2.3    Global Portable Oxygen Concentrators Market, 2019 – 2030 (US$ Mn)

Chapter 3    COVID 19 Impact Analysis

    3.1    Impact Assessment of COVID-19 Pandemic, By Region
        3.1.1    North America: Impact of COVID-19 Pandemic
        3.1.2    Europe: Impact of COVID-19 Pandemic
        3.1.3    Asia pacific: Impact of COVID-19 Pandemic
        3.1.4    Latin America: Impact of COVID-19 Pandemic
        3.1.5    Middle-East and Africa: Impact of COVID-19 Pandemic
    3.2    Key Strategies Undertaken by Companies to Tackle COVID-19
    3.3    Quarterly Market Revenue by Region 2021 & 2023
    3.4    Pre COVID-19 Market Revenue, By Region, 2016-2019        (USD Million)
    3.5    Post COVID-19 Market Revenue, By Region, 2020-2030 (USD Million)
    3.6    Short Term Dynamics
    3.7    Long Term Dynamics

Chapter 4    Global Portable Oxygen Concentrators Market, By Product Segment Analysis

    4.1    Portable Oxygen Concentrators Market Overview, By Product Segment
        4.1.1    Global Portable Oxygen Concentrators Market Revenue Share, By Product, 2023 & 2030 (Value, %)
    4.2    Pulse Flow
        4.2.1    Portable Oxygen Concentrators Share Forecast, By Region (USD Million)
        4.2.2    Comparative Revenue Analysis, By Country, 2021 & 2030
        4.2.3    Key Market Trends, Growth Factors, & Opportunities
    4.3    Continuous Flow
        4.3.1    Portable Oxygen Concentrators Share Forecast, By Region (USD Million)
        4.3.2    Comparative Revenue Analysis, By Country, 2021 & 2030
        4.3.3    Key Market Trends, Growth Factors, & Opportunities
            
Chapter 5    Global Portable Oxygen Concentrators Market, By Indication Segment Analysis

    5.1    Portable Oxygen Concentrators Market Overview, By Indication Segment
        5.1.1    Global Portable Oxygen Concentrators Market Revenue Share, By Indication, 2023 & 2030 (Value, %)
    5.2    Chronic Obstructive Pulmonary Disease (COPD)
        5.2.1    Portable Oxygen Concentrators Share Forecast, By Region (USD Million)
        5.2.2    Comparative Revenue Analysis, By Country, 2023 & 2030
        5.2.3    Key Market Trends, Growth Factors, & Opportunities
    5.3    Asthma
        5.3.1    Portable Oxygen Concentrators Share Forecast, By Region (USD Million)
        5.3.2    Comparative Revenue Analysis, By Country, 2023 & 2030
        5.3.3    Key Market Trends, Growth Factors, & Opportunities
    5.4    Sleep Apnea
        5.4.1    Portable Oxygen Concentrators Share Forecast, By Region (USD Million)
        5.4.2    Comparative Revenue Analysis, By Country, 2023 & 2030
        5.4.3    Key Market Trends, Growth Factors, & Opportunities
    5.5    Others
        5.5.1    Portable Oxygen Concentrators Share Forecast, By Region (USD Million)
        5.5.2    Comparative Revenue Analysis, By Country, 2023 & 2030
        5.5.3    Key Market Trends, Growth Factors, & Opportunities
        
Chapter 6    Global Portable Oxygen Concentrators Market, By End User Segment Analysis

    6.1    Portable Oxygen Concentrators Market Overview, By End User Segment
        6.1.1    Global Portable Oxygen Concentrators Market Value Share, By End User, 2021 & 2030 (Value, %)
    6.2    Homecare
        6.2.1    Portable Oxygen Concentrators Share Forecast, By Region (USD Million)
        6.2.2    Comparative Revenue Analysis, By Country, 2023 & 2030
        6.2.3    Key Market Trends, Growth Factors, & Opportunities
    6.3    Travel
        6.3.1    Portable Oxygen Concentrators Share Forecast, By Region (USD Million)
        6.3.2    Comparative Revenue Analysis, By Country, 2023 & 2030
        6.3.3    Key Market Trends, Growth Factors, & Opportunities
    6.4    Hospital
        6.4.1    Portable Oxygen Concentrators Share Forecast, By Region (USD Million)
        6.4.2    Comparative Revenue Analysis, By Country, 2023 & 2030
        6.4.3    Key Market Trends, Growth Factors, & Opportunities
    6.5    Others
        6.5.1    Portable Oxygen Concentrators Share Forecast, By Region (USD Million)
        6.5.2    Comparative Revenue Analysis, By Country, 2023 & 2030
        6.5.3    Key Market Trends, Growth Factors, & Opportunities
            
Chapter 7    Portable Oxygen Concentrators Market – Regional Analysis, 2023 – 2030

    7.1    Portable Oxygen Concentrators market Overview, by Region Segment
        7.1.1    Global Portable Oxygen Concentrators market Revenue Share, By Region, 2023 & 2030
        7.1.2    Global Portable Oxygen Concentrators Market Revenue, By Region, 2017 – 2030 (US$ Mn)
        7.1.3    Global Portable Oxygen Concentrators market Revenue, By Product, 2017 – 2030 (US$ Mn)
        7.1.4    Global Portable Oxygen Concentrators market Revenue, By Indication, 2017 – 2030 (US$ Mn)
        7.1.5    Global Portable Oxygen Concentrators Market Revenue, By End User, 2017 – 2030 (US$ Mn)
    7.2    North America
        7.2.1    North America Portable Oxygen Concentrators Market Revenue, By Country, 2019 – 2030 (US$ Mn)
        7.2.2    North America Portable Oxygen Concentrators Market Revenue, By Product, 2019 – 2030 (US$ Mn)/(Kilo Tons)
        7.2.3    North America Portable Oxygen Concentrators Market Revenue, By Indication, 2019 – 2030 (US$ Mn)/(Kilo Tons)
        7.2.4    North America Portable Oxygen Concentrators Market Revenue, By End User, 2019 – 2030 (US$ Mn)/(Kilo Tons)
        7.2.5    U.S. Portable Oxygen Concentrators Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
        7.2.6    Canada Portable Oxygen Concentrators Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
        7.2.7    Mexico Portable Oxygen Concentrators Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
    7.3    Europe
        7.3.1    Europe Portable Oxygen Concentrators Market Revenue, By Country, 2019 – 2030 (US$ Mn)
        7.3.2    Europe Portable Oxygen Concentrators Market Revenue, By Product, 2019 – 2030 (US$ Mn)/(Kilo Tons)
        7.3.3    Europe Portable Oxygen Concentrators Market Revenue, By Indication, 2019 – 2030 (US$ Mn)/(Kilo Tons)
        7.3.4    Europe Portable Oxygen Concentrators Market Revenue, By End User, 2019 – 2030 (US$ Mn)/(Kilo Tons)
        7.3.5    Germany Portable Oxygen Concentrators Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
        7.3.6    France Portable Oxygen Concentrators Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
        7.3.7    U.K. Portable Oxygen Concentrators Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
        7.3.8    Italy Portable Oxygen Concentrators Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
        7.3.9    Spain Portable Oxygen Concentrators Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
        7.3.10    Rest of Europe Portable Oxygen Concentrators Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
    7.4    Asia Pacific
        7.4.1    Asia Pacific Portable Oxygen Concentrators Market Revenue, By Country, 2019 – 2030 (US$ Mn)
        7.4.2    Asia Pacific Portable Oxygen Concentrators Market Revenue, By Product, 2019 – 2030 (US$ Mn)/(Kilo Tons)
        7.4.3    Asia Pacific Portable Oxygen Concentrators Market Revenue, By Indication, 2019 – 2030 (US$ Mn)/(Kilo Tons)
        7.4.4    Asia Pacific Portable Oxygen Concentrators Market Revenue, By End User, 2019 – 2030 (US$ Mn)/(Kilo Tons)
        7.4.5    China Portable Oxygen Concentrators Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
        7.4.6    Japan Portable Oxygen Concentrators Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
        7.4.7    India Portable Oxygen Concentrators Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
        7.4.8    South Korea Portable Oxygen Concentrators Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
        7.4.9    South-East Asia Portable Oxygen Concentrators Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
        7.4.10    Rest of Asia Pacific Portable Oxygen Concentrators Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
    7.5    Latin America
        7.5.1    Latin America Portable Oxygen Concentrators Market Revenue, By Country, 2019 – 2030 (US$ Mn)
        7.5.2    Latin America Portable Oxygen Concentrators Market Revenue, By Product, 2019 – 2030 (US$ Mn)/(Kilo Tons)
        7.5.3    Latin America Portable Oxygen Concentrators Market Revenue, By Indication, 2019 – 2030 (US$ Mn)/(Kilo Tons)
        7.5.4    Latin America Portable Oxygen Concentrators Market Revenue, By End User, 2019 – 2030 (US$ Mn)/(Kilo Tons)
        7.5.5    Brazil Portable Oxygen Concentrators Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
        7.5.6    Argentina Portable Oxygen Concentrators Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
        7.5.7    Rest of Latin America Portable Oxygen Concentrators Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
    7.6    The Middle-East and Africa
        7.6.1    The Middle-East and Africa Portable Oxygen Concentrators Market Revenue, By Country, 2019 – 2030 (US$ Mn)
        7.6.2    The Middle-East and Africa Portable Oxygen Concentrators Market Revenue, By Product, 2019 – 2030 (US$ Mn)/(Kilo Tons)
        7.6.3    The Middle-East and Africa Portable Oxygen Concentrators Market Revenue, By Indication, 2019 – 2030 (US$ Mn)/(Kilo Tons)
        7.6.4    The Middle-East and Africa Portable Oxygen Concentrators Market Revenue, By End User, 2019 – 2030 (US$ Mn)/(Kilo Tons)
        7.6.5    GCC Countries Portable Oxygen Concentrators Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
        7.6.6    South Africa Portable Oxygen Concentrators Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)
        7.6.7    Rest of Middle-East Africa Portable Oxygen Concentrators Market Revenue, 2019 - 2030 (US$ Mn)/ (Kilo Tons)

Chapter 8    Portable Oxygen Concentrators Market – Industry Analysis

    8.1    Introduction
    8.2    Market Drivers
        8.2.1    Driving Factor 1 Analysis
        8.2.2    Driving Factor 2 Analysis
    8.3    Market Restraints
        8.3.1    Restraining Factor Analysis
    8.4    Market Opportunities
        8.4.1    Market Opportunity Analysis
    8.5    Porter’s Five Forces Analysis
    8.6    PEST Analysis
    8.7    Regulatory Landscape
    8.8    Technology Landscape
    8.9    Value Chain Analysis

Chapter 9    Competitive Landscape

    9.1    Company Market Share Analysis – 2023
        9.1.1    Global Portable Oxygen Concentrators market: Company Market Share, 2023
        9.1.2    Global Portable Oxygen Concentrators Market: Company Market Share, 2023
    9.2    Strategic Developments
        9.2.1    Acquisitions & Mergers
        9.2.2    New Product Launch
        9.2.3    Regional Expansion
    9.3    Company Strategic Developments – Heat Map Analysis

Chapter 10    Company Profiles

    10.1    Koninklijke Philips N.V.
        10.1.1    Company Overview
        10.1.2    Key Executives
        10.1.3    Product Portfolio
        10.1.4    Financial Overview
        10.1.5    Operating Business Segments
        10.1.6    Business Segment Performance
        10.1.7    Recent Developments
    10.2    Inogen, Inc
    10.3    Chart Industries, Inc.
    10.4    Resmed, Inc.
    10.5    Invacare Corporation
    10.6    Drive Devilbiss Healthcare LLC
    10.7    Precision Medical, Inc.
    10.8    Besco Medical Co.Ltd.
    10.9    Oxus America, Inc.
    10.10    Foshan KeyhubElectronic Industries Co.Ltd
    10.11    O2 Concepts LLC
    10.12    GCE Group
    
Chapter 11    Research Methodology

    11.1    Research Methodology
    11.2    Phase I – Secondary Research
    11.3    Phase II - Data Modeling
        11.3.1    Company Share Analysis Model
        11.3.2    Revenue Based Modeling
    11.4    Phase III – Primary Research
    11.5    Research Limitations
        11.5.1    Assumptions
No Methodology
No Available