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(HomeGarden247.com, February 13, 2018 ) The North America Portable Oxygen Concentrators market size was around USD 510 million in 2017. It is expected to grow at a CAGR of 7.7% to reach USD 740 million by 2022. It captures 41% of the market share.
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Portable oxygen concentrator (POC) is a medical device used to supply oxygen to patients suffering from respiratory diseases. The concentrator separates nitrogen and oxygen from air in the environment and then discards the nitrogen and supplies 95% pure oxygen to patients through a mask.
The primary factors driving demand worldwide are a rising prevalence of chronic obstructive pulmonary diseases, a changing consumer lifestyle, adoption of new technologies, growing consumer awareness for oxygen therapy devices, rising government expenditure, and a rise in investment by manufacturing companies for the production of homecare products.
On the other hand, stringent FDA regulations pertaining to medical devices and high product costs are few factors restraining market growth.
The market is segmented by product and end user. By product it is segmented into Continuous Flow Portable Oxygen Concentrator and Pulse Flow Portable Oxygen Concentrator. By end user it is categorized into Hospitals, Homecare, Ambulatory Surgical Centres, and Travel Agents. Pulse Flow Portable Oxygen Concentrator product segment projected to dominate the North America portable oxygen concentrators market. Homecare end user category is estimated to command the market in terms of value.
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By geography the market is segmented into US and Canada. North America is the market leader and is expected to remain so in the aforementioned forecast period. Growing prevalence of chronic obstructive pulmonary diseases and rising technological advancements is anticipated to result in significant growth of the market which is estimated to account for 41% revenue share in 2016.
The Key players in the market are Koninklijke Philips N.V., Inogen Inc., Chart Industries Inc., Resmed Inc., Invacare Corporation, Drive DeVilbiss Healthcare, Precision Medical Inc., Foshan Keyhub Electronic Industries Co. Ltd., O2 Concepts LLC, and GCE Group.
Continuous Flow Portable Oxygen Concentrator
Pulse Flow Portable Oxygen Concentrator
2) End User
Ambulatory Surgical Centres
Scope of the Report:
Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms product type with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analyzing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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