Market Introduction
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.
Market Overview and Dynamics
The APAC 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 market growth.
Key Market Segments
Based on product type, the portable oxygen concentrators market was segmented into continuous flow and pulse flow. In 2019, the continuous flow held the largest share in the market and is forecasted to retain its dominance till 2027. This attributes to the high penetration of this equipment in the market, rapid technological advancements and on-going use of this equipment in oxygen therapies. On the other hand, pulse flow is expected to witness fastest growth rate owing to factors such as better efficiency, short-pulse delivery, and travel friendly as well as easy functionality.
Major Sources and Companies Listed
Some of the major primary and secondary sources for portable oxygen concentrators market included in the report are, World Health Organization (WHO), Ministry of Health and Family Welfare, Organization for Economic Co-operation and Development (OECD), and National Health Institutes.
Reasons to buy the report
- To understand the portable oxygen concentrators market landscape and identify market segments that are most likely to guarantee a strong return
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- Efficiently plan M&A and partnership deals in portable oxygen concentrators market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form portable oxygen concentrators market
- Obtain market revenue forecast for market by various segments from 2019 to 2027 in Asia-Pacific region.
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 Geography
• Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
Company Profiles
- Besco Medical
- INOGEN INC
- Koninklijke Philips N.V.
- CAIRE Inc. (NGK SPARK PLUG CO., LTD)
- Invacare Corporation