Portable Oxygen Concentrators Industry Worth US$ 2,934.90 million in 2027Posted by Lisa Seghers on October 7th, 2022 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 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. According to the new research report published by The Insight Partners, titled “Portable Oxygen Concentrators Market to 2027 - COVID-19 Impact and Global Analysis - by Product, Application, and End User," the market is expected to reach US$ 2,934.90 million by 2027 from US$ 1,547.33 million in 2019; it is estimated to grow at a CAGR of 8.4% from 2020 to 2027. The higher adoption of home health care products depending upon patient’s feasibility is the factor that is expected to drive the portable oxygen concentrator devices market during 2020–2027. The portable oxygen concentrator market is expected to grow with the greater adoption of home care products facilitating patient’s comfort. Portable oxygen concentrators dispense oxygen in the similar way as that of oxygen tanks. However, instead of the limited amount of pressurized oxygen that can be used through the oxygen tanks, the concentrators use a filtering system that takes ambient air in from around the patient, compress and modify it to medical-grade standards. The outbreak of COVID-19 was first reported in December 2019 in Wuhan (China). The outbreak is impacting several markets, including the market for portable oxygen concentrators. With the continued spread of COVID-19 around the world, researchers are looking into numerous possible treatment options, including existing options. Portable oxygen concentrators have also gained a lot of attention as a part of the treatment of infected patients. Caire Inc., a US-based company, is offering an innovative portable oxygen concentrator with Airsep. These oxygenators are also being used in other regions, Europe, Asia-Pacific, Middle East and Africa, and South and Central America, in the treatment of COVID-19 cases. Koninklijke Philips N.V; Caire Inc. (Chart Industries); Inogen Inc.; Invacare Corporation; O2 Concepts; Nidek Medical Products, Inc.; Drive DeVilbiss International; GCE Group; Besco Medical; and Inova labs Inc. (ResMed) are among the leading companies operating in the portable oxygen concentrators market. About Us: The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials. Contact Us: If you have any queries about this report or if you would like further information, please contact us: Contact Person: Sameer Joshi E-mail: sales@theinsightpartners.com Phone: +1–646–491–9876 Like it? Share it! More by this author |