Portable Oxygen Concentrators Market 2024-2028: Size and High cost of portable oxygen concentrators; growth driven by the Product, Some of key Companies Positioned Strategically

The portable oxygen concentrators market size by Product (Pulse dose and Continuous flow) and Geography (North America, Europe, Asia, and Rest of World (ROW)), is forecast to increase by USD 1159.7 million. The market is expected to grow at a CAGR of   10.03% between 2024 and 2028.

• The portable oxygen concentrator market is experiencing growth, yet the escalating costs of these devices, driven by technological advancements, pose a significant challenge. Long-lasting battery life, compact size, and oxygen purification capabilities enhance user experience but increase the average price range of continuous flow models between USD4,000 and USD8,000. Pulse dose models cost between USD2,000 and USD5,000. These high costs may discourage some patients from purchasing, leading them to opt for rented concentrators instead. This trend could potentially decrease sales of advanced products, negatively impacting manufacturers' revenues.
• The Portable Oxygen Concentrators (POCs) market represents a significant growth opportunity for businesses in the healthcare industry. These devices, which concentrate and deliver medical-grade oxygen to patients, offer increased mobility and independence. POCs are particularly beneficial for individuals with chronic obstructive pulmonary disease (COPD), sleep apnea, and other respiratory conditions. Market growth is driven by an aging population, increasing prevalence of respiratory diseases, and advancements in POC technology. Businesses investing in this sector can anticipate robust demand and substantial returns.

Access the full report to know who are the other key countries segment-wise forecast and historic data

Some of the Key Companies:

• Chart Industries Inc.
• Colfax Corporation
• Inogen Inc.
• Invacare Corp.
• Koninklijke Philips N.V.
• Medical Depot Inc.
• Mediniq Healthcare Pvt. Ltd.
• Niterra Co. Ltd.
• Nidek Medical India Pvt. Ltd.
• O2 Concepts LLC
• Precision Medical Inc.
• ResMed Inc.
• Teijin Ltd.
• Zhengzhou Olive Electronic Technology Co. Ltd.

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Jesse Maida
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