Global Portable Oxygen Concentrator Market: Market Analysis Knowledge Sourcing Intelligence
Global Portable Oxygen Concentrator market is projected to witness the growth at a decent CAGR during the forecast period. Increasing prevalence of obesity among the young population worldwide is the major driver of the global portable oxygen concentrator market. Per the World Health Organization (WHO), the worldwide prevalence of obesity was more than doubled between 1980 and 2014, with 39% of adults aged 18 years and above overweight in 2014. Changing societal norms in developing countries regarding food and activity is leading people to eat high-calorie food (fast/junk food).
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| Global Portable Oxygen Concentrator Market Forecast |
Global Portable Oxygen Concentrator Market by End-user:
By end-user, global portable oxygen concentrator market is segmented as homecare settings, air ambulance, and others. The home care settings segment accounted for the largest market share in 2016 and will continue to dominate the global portable oxygen concentrator market throughout the forecast period. The development of home care services owing to the growing aging population is the key factor driving the portable oxygen concentrator market in homecare segment. Moreover, the rising number of patients requiring LTOT (Long term oxygen therapy) further propels the segment growth. Others include COPD patients using POCs while traveling, people using POCs in gyms and fitness clubs, and people using POCs for recreational activities such as trekking and scuba diving. The market research provides a detailed analysis of the global portable oxygen concentrator market on the basis of the various segment like- by geography, by end-user, etc.
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| Global Portable Oxygen Concentrator Market by End-user |
Global Portable Oxygen Concentrator Market by Geography:
North America Portable Oxygen Concentrator market is projected to grow from US$XXX.XXX million in 2016 to US$XXX.XXX million in 2022 at the highest CAGR of XX.XX% during the forecast period. The presence of global key players such as Invacare and Chart Industries in the region aid the market growth of the portable oxygen concentrator market in North America. Rising prevalence of respiratory diseases along with the growing aging population in the U.S. and Canada is driving the demand for POCs in the region. Obesity and COPD are two major issues faced by people in the U.S. which propel the need for oxygen solution. As per the CDC (Centers for Disease Control and Prevention) data, in between 2011-2014, about 84 million adults were obese, which is more than one-third of the adult population. Moreover, about one in six youths, aged between 2 to 10, was obese. In addition to this, COPD was one of the leading causes of death in the United States during 2014 and almost 15.7 million Americans were diagnosed with COPD.
For our Healthcare Industry coverage:
Since there is a high demand for POCs by people suffering from COPD with an active lifestyle, this will boost the market growth of pulse flow POCs in the region.
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