July 07, 2022 12:30 ET | Source: Transparency Market Research Transparency Market Research
Albany, New York, UNITED STATES
Wilmington, Delaware, United States, July 07, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc.: As per the portable oxygen concentrator industry statistics predict the market is to attain a valuation of around US$ 2,482.0 Mn by 2026. The global market study on portable oxygen concentrator estimates the market to rise at a high CAGR during the forecast period, from 2018 to 2026. Increasing acceptance and understanding of these products, rapidly aging population, and rising rates of respiratory disorders including chronic obstructive pulmonary disease (COPD) are likely to present favorable portable oxygen concentrator market outlook. Additionally, improvements in healthcare systems and rigorous reimbursement regulations are anticipated to drive growth of the global portable oxygen concentrators market during the forecast timeframe.
The global market is anticipated to grow due to an increase in the development of portable oxygen concentrators used for specific indications, including heart failure, pulmonary hypertension, improvement of sleep for severe asthma patients, and cystic fibrosis. The need for lighter technology by consumers and new and better rivals releasing their innovative products in the market have made the future of portable oxygen concentrators promising.
With the outbreak of Covid-19, the portable oxygen concentrators industry is projected to experience significant growth throughout the world. Worldwide, the pandemic has left a large number of individuals with serious respiratory conditions, which has raised the use of oxygen cylinders. In the near future, it is predicted that this aspect would benefit the global market for portable oxygen concentrators.
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Key Findings of Market Report
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Global Portable Oxygen Concentrators Market: Growth Drivers
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Global Portable Oxygen Concentrators Market: Key Players
Some of the key market players are
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Global Portable Oxygen Concentrators Market: Segmentation
Modernization of healthcare in terms of both infrastructure and services have pushed the healthcare industry to new heights, Stay Updated with Latest Healthcare Research Reports by Transparency Market Research:
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