Portable Oxygen Concentrators Market, 2015 - 2025by Segmentation: Based on Product, Application and Region

Global market for oxygen concentrators has undergone substantial changes with the advent of portable technology. Oxygen concentrator is a device for making concentrated oxygen available to the patient requiring this therapy, and portable oxygen concentrators facilitates the mobility of the users as it is light in weight, inexpensive and more powerful. Global portable oxygen concentrators market support the lifestyle of the patient. In order to expedite the growth of global portable oxygen concentrators market, continuous research and development is done to introduce devices which allows freedom of meaningful lifestyle for the patients. In global portable oxygen concentrators market, a pulse dose system finds more application due to its light weight and more lasting battery life of up to 8 hours. Rising geriatric population with the increase in respiratory conditions is driving global portable oxygen concentrators market. The global portable oxygen concentrators market is anticipated to grow with a double digit compound annual growth rate during the forecast period.

Global Portable Oxygen Concentrators Market: Drivers and Restraints

The major driving factor for the growth of global portable oxygen concentrators market is its flexibility and capability to be utilized under any circumstances. The growing number of geriatric population and changing lifestyle of the people which has led to a rise in smoking population, increases the demand for global portable oxygen concentrators market. According to WHO the geriatric population is expected to reach to 22% by the end of 2050 which is double of the current population. The rising cases of respiratory diseases such as Chronic Obstructive Pulmonary Disease (COPD), emphysema, chronic bronchitis, etc. is leading to an increased utilization for global portable oxygen concentrators market. The approval of portable oxygen concentrators by the Federal Aviation Administration (FAA) has extended the application of global...