Portable Oxygen Concentrators Market - Growth, Trends, and Forecast (2020 - 2025)
|発行||Mordor Intelligence LLP||商品コード||922062|
|出版日||ページ情報||英文 111 Pages
|世界のポータブル酸素濃縮器市場：成長、動向、および予測 Portable Oxygen Concentrators Market - Growth, Trends, and Forecast (2020 - 2025)|
|出版日: 2020年01月01日||ページ情報: 英文 111 Pages||
A portable oxygen concentrator (POC) is a device used to provide oxygen therapy to people that require greater oxygen concentrations than the levels of ambient air. As they are small enough to carry and many are now approved for use on airplanes as well. Therefore as a result demand for portable oxygen concentrators is found increasing.
There is also an increasing prevalence of respiratory diseases and the growing of the geriatric population globally that has increased the overall demand for portable oxygen concentrators. Hence these factors have hence acted as driving factors for the growth of the market. However, the risk of respiratory diseases due to unclean and contaminated equipment and skin irritation may help in hindering the growth of the market.
A portable oxygen concentrator (POC) is a device that is used to provide oxygen therapy to people that require greater oxygen concentrations than the levels of ambient air. They are small enough to carry and many are now approved for use on airplanes as well.
In the report, a detailed analysis of the portable oxygen concentrators market is provided. The market is evaluated by collating revenues generated across segments, categorized by technology, application, end-user, and geography.
Application in Asthma is Expected to Cover a Large Market Share
Asthma is one of the major noncommunicable diseases. It is a chronic disease of the air passages of the lungs which inflames and narrows them. According to a World Health Organization 2017 report, there are approximately 235 million people suffering from asthma globally. As per this report, there were 383,000 deaths due to asthma in 2015. Moreover, the prevalence of asthma seems to be increasing.
As per the Center for Disease Control and Prevention (CDC) 2016 report, the prevalence of asthma among adults aged 20 and over increased from 7.1% in 2009-2010 to 9.2% in 2013-2014. Oxygen therapy provides your lungs with extra oxygen. Therefore the portable oxygen concentrators can be easily carried and hence are found to be very useful for asthma patients. Hence, increasing the prevalence of asthma is expected to help the portable oxygen concentrators market grow.
North America is Expected to Dominate the Portable Oxygen Concentrators Market
The prevalence of respiratory disorders is high in North American countries. According to the Centers for Disease Control and Prevention (CDC) 2017, 1 in every 13 people have asthma in the United States and this prevalence translates to more than 25 million US population. In 2014, 8.1% of Canadians aged 12 and older, roughly 2.4 million people, has reported that they had been diagnosed with asthma, as per Statistics Canada (Ministery of Innovation, Science and Industry). This has thus created a high demand for portable oxygen concentrators for therapies like oxygen therapy.
However, the United States and Canada have a developed and well-structured health care system. These systems also encourage research and development. These policies encourage global players to enter the US and Canada. As a result, these countries enjoy the presence of many global market players. As high demand is met by the presence of global players in the region, the market is further expected to increase.
The majority of the portable oxygen concentrators are being manufactured by the global key players. Market leaders with more funds for research and a better distribution system have established their position in the market. Moreover, Asia-pacific is witnessing the emergence of some small players due to the rise of awareness. This has also helped the market grow.