The North America portable oxygen concentrators market is expected to reach US$ 1,315.42 million by 2027 from US$ 682.73 million in 2019. The market is estimated to grow at CAGR of 8.6% from 2020 to 2027.

The market for portable oxygen concentrators (POCs) is experiencing significant growth, primarily driven by the increasing prevalence of respiratory diseases and disorders worldwide. Conditions like COPD, asthma, and other chronic lung conditions necessitate supplemental oxygen, and POCs offer a convenient solution for patients. The recent COVID-19 pandemic further amplified this demand, as many recovering patients experienced lingering respiratory issues requiring oxygen therapy. This surge in respiratory ailments, coupled with the portable and user-friendly nature of POCs, is a key market propellant.

POCs are innovative devices designed to deliver concentrated oxygen to individuals whose respiratory systems require higher oxygen levels than what is available in the surrounding air. Unlike traditional, bulky home oxygen concentrators, POCs are considerably smaller and lighter, making them easily transportable. This portability empowers patients to maintain their daily routines and engage in activities outside their homes without being tethered to a stationary oxygen source. The ability to carry their oxygen supply with them grants patients a newfound sense of freedom and significantly improves their quality of life, allowing them to pursue a more normal lifestyle.

However, the market's expansion faces a notable hurdle: the high cost associated with these advanced devices. The significant upfront investment required for a portable oxygen concentrator can be a deterrent for many potential users, particularly in regions with lower per capita income or limited insurance coverage. Despite this cost barrier, the clear benefits of improved mobility and quality of life offered by POCs continue to fuel their adoption, making it a dynamic and evolving market.

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North America Portable Oxygen Concentrators Market – Segments

North America portable oxygen concentrators market By Product

  • Continuous Flow
  • Pulse Flow

North America portable oxygen concentrators market By Application

  • COPD
  • Asthma
  • Respiratory Distress Syndrome
  • Others

North America portable oxygen concentrators market By End User

  • Hospitals
  • Homecare Settings
  • Others

North America portable oxygen concentrators market By Country

  • North America
  • US
  • Canada
  • Mexico

North America portable oxygen concentrators market Company Profiles

  • Koninklijke Philips N.V
  • Caire Inc. (Chart Industries)
  • Inogen Inc.
  • Invacare Corporation
  • O2 Concepts
  • Nidek Medical Products, Inc.
  • Drive DeVilbiss International
  • GCE Group
  • Inova labs Inc. (ResMed)

North America portable oxygen concentrators market Strategic Insights

Strategic insights for the North America Portable Oxygen Concentrators provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America portable oxygen concentrators market Regional Insights

The geographic scope of the North America Portable Oxygen Concentrators refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights