High Prevalence of COPD Driving Growth in Portable Oxygen Concentrators Market Over 2018-2026

Transparency Market Research

- A massive population suffers from Chronic Obstructive Pulmonary Disease (COPD), moving the growth trajectory for global portable oxygen concentrators market upward

- In 2016, 251 million people suffered from COPD and the numbers would remain buoyant over the period 2018 to 2026

ALBANY, New York, Feb. 17, 2020 /PRNewswire/ -- Multiple factors are set to drive the global Portable Oxygen Concentrators Market to a higher worth of USD 3.1 bn. by the end of 2026 from around USD 1.0 bn. in 2017. This translates to an impressive Compound Annual Growth Rate (CAGR) of 9.1% between 2018 and 2026, states Transparency Market Research.

"The growth of global portable oxygen concentrators market would be sustained over the assessment period by technological advancement, growing demand for home-based care, and increase in incidence of Chronic Obstructive Pulmonary Disease. The latter is witnessing a surge owing to deteriorating air quality index across global cities and growing numbers of smokers." as per Transparency Market Research

Key Findings of the Portable Oxygen Concentrators Market Study

• Pulse Flow product type to be a lucrative segment for global portable oxygen concentrators market owing to longer battery life, lower cost, and higher energy efficiency; patients favor its leaner unit size
• Basis indication, COPD to dominate the segment owing to growing prevalence – a result of increase in pollution level and unhealthy lifestyle choices such as smoking
• The homecare end-user segment to contribute the most, followed by travel segment owing to easy handling and use of products

Explore 188 pages of top-notch research, incisive insights, and detailed country-level projections. Gain business intelligence on Portable Oxygen Concentrators market by Product - Pulse Flow, Continuous Flow; Indication - Chronic Obstructive Pulmonary Disease (COPD), Asthma, Sleep Apnea; End user - Homecare, Travel, Hospital, Others.

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Portable Oxygen Concentrators Market: Key Driving Factors

• Growing geriatric population and incidence of diseases related to the respiratory system are paving way for higher demand of portable oxygen concentrators market over the forecast period, states Transparency Market Research. Factors underlying growth in the market over this period include the following:
• In 2018, number of people aged 65 and above surpassed that of people aged five and below for the first time in human history; by 2050, one in every six people across the globe will fall in this age group for geriatrics – one in every four in North America and Europe
• This segment of population stated above is susceptible to respiratory issues and disorders, leading to growth in demand for portable oxygen concentrators market over the assessment period
• In 2014, 20% (or over 1 billion) people on a global level smoked and the number is set to increase with lifestyle getting hectic and stressful
• Deterioration of air quality due to burning of fossil fuels at a massive scale to increase the burden of COPD over the coming years

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