Latest published report on the Portable Oxygen Concentrators market, found on the Qualiket Research website revealed a great deal about various market dynamics. These driving factors influence the market from a very miniscule level to its holistic standard and can traverse limitations to assist the market achieve a significant growth rate over the analysis period of 2020-2027.
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Portable oxygen concentrator is the type of medical device which is used to deliver oxygen therapy to patients at substantially high concentration compared to ambient air and keep maintain oxygen level in blood. These concentrators are divided into two delivery systems such as Pulse Flow, and Continuous Flow.
Increase in prevalence of Chronic Obstructive Pulmonary Diseases as well as continuous technological advancements for miniaturization of the oxygen concentrators are key driving factors expected to boost the global portable oxygen concentrators market growth over the forecast period. Also, nowadays key manufacturers are focusing on development of new technologies in concentrators which aim to improve the quality of care. It is expected to positively influence the market growth. For instance, in 2018, GCE healthcare had introduced a remote monitoring platform known as clarity for oxygen concentrators. It is used to monitor the patients and regularly send data related to battery life, oxygen purity, and device location. Moreover, rise in geriatric population is another driving factor which is expected to propel the global portable oxygen concentrators market growth.
However, high cost of device is the major challenging factor which is expected to hinder the global portable oxygen concentrators market growth. Also, stringent rules and regulations will affect the market growth during this analysis period.
Market Key Players
Various key players are discussed in this report such as Koninklijke Philips N.V., Chart Industries, Inc., Invacare Corporation, Inogen, Inc., Drive Devilbiss Healthcare, O2 Concepts LLC, Nidek Medical, GCE Group , and Caire Inc.
By Delivery System
- Pulse Flow
- Continuous Flow
- Respiratory Distress Syndrome
By End User
- Homecare Settings
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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