The North America portable oxygen concentrators market is expected to reach US$ 1,315.42 million by 2027 from US$ 682.73 million in 2019. The market is estimated to grow at CAGR of 8.6% from 2020 to 2027.
The North America portable oxygen concentrators market (POCs) is poised for steady market growth, driven by a rising prevalence of respiratory diseases such as chronic obstructive pulmonary disease (COPD), asthma, and sleep apnea. The recent impact of the COVID-19 pandemic has further highlighted the importance of efficient oxygen therapy solutions, contributing to increased demand for portable and accessible devices. POCs offer a significant advantage by providing supplemental oxygen to patients who require higher concentrations than what is found in ambient air. These devices are smaller and more mobile than traditional home oxygen concentrators, allowing patients to maintain mobility and independence while receiving necessary treatment.
POC’s are especially beneficial for patients who wish to continue their daily activities without being restricted to stationary oxygen therapy setups. Their compact design and lightweight nature enable convenient use at home, while traveling, or during outdoor activities. This user-friendly and portable design improves the quality of life for individuals with chronic respiratory conditions by promoting a more active and socially engaged lifestyle.
Despite the growing demand, one of the primary challenges hindering market expansion is the high cost associated with portable oxygen concentrators. The price barrier may limit accessibility for some patients, particularly in uninsured or underinsured segments of the population.
Get a sample PDF of the report – https://www.businessmarketinsights.com/sample/TIPRE00014178
Reasons to buy the report
- To understand the North America portable oxygen concentrators market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for the North America portable oxygen concentrators market
- Efficiently plan MA and partnership deals in the North America 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 segments of the North America portable oxygen concentrators market
- Obtain market revenue forecast for market by various segments from 2019 to 2027 in North America
North America Portable Oxygen Concentrators Market – Segments
North America portable oxygen concentrators market By Product
- Continuous Flow
- Pulse Flow
North America portable oxygen concentrators market By Application
- COPD
- Asthma
- Respiratory Distress Syndrome
- Others
North America portable oxygen concentrators market By End User
- Hospitals
- Homecare Settings
- Others
North America portable oxygen concentrators market By Country
- North America
- US
- Canada
- Mexico
North America portable oxygen concentrators market Company Profiles
- Koninklijke Philips N.V
- Caire Inc. (Chart Industries)
- Inogen Inc.
- Invacare Corporation
- O2 Concepts
- Nidek Medical Products, Inc.
- Drive DeVilbiss International
- GCE Group
- Inova labs Inc. (ResMed)
North America portable oxygen concentrators market Strategic Insights
Strategic insights for the North America Portable Oxygen Concentrators provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
North America portable oxygen concentrators market Regional Insights
The geographic scope of the North America Portable Oxygen Concentrators refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics Semiconductor; Aerospace Defense; Automotive Transportation; Energy Power; Healthcare; Manufacturing Construction; Food Beverages; Chemicals Materials; and Technology, Media, Telecommunications.
Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
