As per the report, the North America Portable Oxygen Concentrators Market size was worth USD 0.65 billion in 2022. It is further expected to grow at a CAGR of 7.7% and value USD 0.94 billion by 2027 during the forecast period 2022 to 2027.
Oxygen concentrators can be used to support the user's oxygen needs at home and in clinical settings. Because of their ease of use, oxygen concentrators are becoming increasingly popular and in high demand. As a result, several players in this industry place a premium on implementing considerable adjustments in product design to accommodate patients' daily routines.
The growing frequency of respiratory disorders, rapid expansion in the geriatric population, high prevalence of cigarette smoking, desire for home-based oxygen therapy, and technical improvements drive the North American portable oxygen concentrators market. Factors driving the market's growth are the rising frequency of respiratory disorders like sleep apnea and asthma.
Various product advancements, such as the development of variations with increased battery life and smaller membrane technologies, improvements in healthcare infrastructure, and intensive research and development (R & R&D) activities, are also helping to propel the industry forward. The market for oxygen concentrators is predicted to develop due to an increase in demand for medical oxygen and various oxygen therapy devices to treat COVID-19 patients. The portable oxygen concentrators market supports the patient's lifestyle.
Continuous research and development are carried out to introduce products that allow patients to live a meaningful lifestyle. It helps to accelerate the growth of the portable oxygen concentrators market. The United States has the fastest-growing senior population, with COPD being the fourth leading cause of death. The North American mobile oxygen concentrators market is growing due to changing lifestyles and alarming smokers.
Local manufacturers' low-cost alternatives, strict regulatory rules causing delays in product approvals, and Medicare reimbursement rate decreases for home oxygen therapy are all restricting the market's growth to some extent. In addition, the risk of respiratory infections resulting from filthy and polluted equipment and adverse side effects such as skin irritation may serve to restrict market expansion.
This research report on the North America Portable Oxygen Concentrators Market has been segmented and sub-segmented into the following categories.
By Product:
By Technology:
By End User:
By Country:
Geographically, the healthcare systems in the United States and Canada are well-developed and regimented. These platforms also encourage research and development. These policies encourage international companies to invest in the United States and Canada. The market is likely to grow further as global companies match high demand in the region.
The COVID-19 pandemic's unexpected emergence has raised the need for respiratory care goods. COVID-19 has several side effects: low blood oxygen levels, which necessitate oxygen support for patients to recover. Under the Emergency Use Authorization program, the US Food and Drug Administration has also approved the use of O2 generators. As a result, market growth is projected. Respiratory disorders such as asthma, COPD, fibrosis, and pulmonary hypertension are more common in the elderly population, expected to increase the market growth. According to the United Nations Department of Economic and Social Affairs, Northern America has a large population of elderly individuals.
KEY MARKET PLAYERS
Some of the promising companies leading the North America Portable Oxygen Concentrators Market profiled in the report 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.,
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemiology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product
5.1.1 Introduction
5.1.2 Continuous Flow Portable Oxygen Concentrator
5.1.3 Pulse Flow Portable Oxygen Concentrator
5.1.4 Y-o-Y Growth Analysis, By Product
5.1.5 Market Attractiveness Analysis, By Product
5.1.6 Market Share Analysis, By Product
5.2 End User
5.2.1 Introduction
5.2.2 Hospitals
5.2.3 Homecare
5.2.4 Ambulatory Surgical Centres
5.2.5 Travel Agents
5.2.6 Y-o-Y Growth Analysis, By End User
5.2.7 Market Attractiveness Analysis, By End User
5.2.8 Market Share Analysis, By End User
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Product
6.1.3.3 By End User
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Product
6.1.4.3 By End User
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Product
6.1.5.3 By End User
6.2 United States
6.3 Canada
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Koninklijke Philips N.V.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Inogen Inc.
8.3 Chart Industries Inc.
8.4 Resmed Inc.
8.5 Invacare Corporation
8.6 Drive DeVilbiss Healthcare
8.7 Precision Medical Inc.
8.8 Besco Medical Co. Ltd.
8.9 Oxus America, Inc
8.10 Foshan Keyhub Electronic Industries Co. Ltd.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, Collaborations, and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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