An oxygen concentrator is a medical device which is designed to deliver a concentrated flow of oxygen to a patient. Portable oxygen concentrators are small, lightweight and more convenient for the patients.
In fact, oxygen concentrators are rather simple devices. They operate on the principle of ‘rapid pressure swing adsorption’ of atmospheric nitrogen onto specific minerals and then venting the nitrogen. The filtered gas mixture is mainly oxygen and little other gasses like argon and CO2.
The global average price of Portable Oxygen Concentrator is in the decreasing trend, from 1958 USD/Unit in 2013 to 1834 USD/Unit in 2017. With the situation of global economy, prices will be in decreasing trend in the following five years.
USA is the largest consumption place, with a consumption market share nearly 43.25% in 2017. Following USA, Europe is the second largest consumption place with the consumption market share of 26.67%.
Market competition is not intense. Inogen, Invacare, Philips Respironics, Chart (Airsep), Inova Labs, Teijin, etc. are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.
According to this study, over the next five years the Portable Oxygen Concentrators market will register a 12.4% CAGR in terms of revenue, the global market size will reach US$ 1180 million by 2024, from US$ 590 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Portable Oxygen Concentrators business.
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This report presents a comprehensive overview, market shares, and growth opportunities of Portable Oxygen Concentrators market by product type, application, key manufacturers and key regions and countries.
Portable Oxygen Concentrators is a comprehensive market research report featuring all the essential elements of a quality Law Practice Management Solution. The Portable Oxygen Concentrators report revolves around the Case, Client, and Contacts databases as well.
Owing to rapid pace of growth, many companies have entered Portable Oxygen Concentrators Market in recent past. However, only few are identified as key players by report. Analysis of these key players includes company profile, business overview, recent developments and more. To name a few Inogen , Invacare , Philips Respironics , Chart (Airsep) , Inova Labs , Teijin , GCE Group , Drive Medical , Precision Medical , AVIC Jianghang , Foshan Kaiya , Beijing North Star.
The Portable Oxygen Concentrators Market report examines the details thoroughly and presents an in-depth outline of the market based on the factors that are most likely to have noteworthy impact on the market’s growth scenarios over the forecast period. This report has been developed using primary and secondary research techniques. Additionally, this report also has the SWOT analysis that determines the external segments that impact the overall market.
The Portable Oxygen Concentrators Market report studies, analyses and investigates the growth status that are estimated in the regions such as North America, Asia Pacific, Europe, the Middle East & Africa and Latin America as well. Along with this, the report also includes an assessment of the current progresses and future outlook of the companies in order to comprehend the future course of these major players. The report also gives a deep outline of the drivers, restraints, opportunities and competitive landscape analysis.
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This Portable Oxygen Concentrators Market report studies and presents the process of manufacturing and products specifications along with it. Different kinds of figures are also included in this detailed report for providing basic understanding of the businesses operating around regions and nation within industry. At the end, the report offers the statistical data of drivers, opportunities and restraint, and few more market dynamics which assists in balancing the working framework of the industries.
Competitive landscape of global Portable Oxygen Concentrators Market has been studied to understand the competitive products and services across the globe. For effective global regional outlook analysts of the report examines global regions such as, North America, Latin America, Japan, Asia-Pacific, and India on the basis of productivity.
Major Factors about the Report:
- Global Portable Oxygen Concentrators Market Overview
- Economic Impact on Market
- Market Competition
- Global Portable Oxygen Concentrators Market Analysis by Application
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Global Market Effect, Factors, Analysis
- Global Market Forecast
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