Portable oxygen kit Market

Portable oxygen kit Market Highlights

The global Portable oxygen kit market is expected to cross a market size of USD 41.44 Billion by the end of 2033. The market size was valued at USD 21.6 Billion in 2023 and is expected to expand at a CAGR of 7.6% between 2024-2033.

• Over the mid-term, the growing cases of respiratory diseases around the world is the primary factor anticipated to drive the global Portable oxygen kit market.
• Risk of explosion and fire that can be caused due to oxygen is a major factor to challenge the market growth.
• The North America Portable oxygen kit market is projected to dominate the global market.

Portable oxygen kit Market Outlook

A portable oxygen kit or concentrator is a small electric device that can be worn on the back or wheeled around, runs on regular electricity or a battery, and is easily recharged even in a car, and requires no tanks or filling. The maximum tubing length for proper delivery of oxygen is 7 feet. They are available in different sizes. Smaller oxygen kits carry less oxygen and need to be refilled more frequently, whereas larger cylinders hold more oxygen and last longer.

According to our experts at KD Market Insights, one of the primary factors anticipated to drive the growth of the portable oxygen kit market globally is the growing prevalence of respiratory disorders, which are more common nowadays. According to the World Health Organization (WHO), chronic obstructive pulmonary diseases (COPD) took 3.23 million deaths in the year 2019. Owing to such rising concerns for respiratory disorders, the demand for portable oxygen kits is expected to increase. Koninklijke Philips N.V., INVACARE CORPORATION, TEIJIN LIMITED are some of the significant parties in the global market for Portable oxygen kit

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Portable oxygen kit Market Drivers – Analyst’s Observation

According to the analysts at KD Market Insights, some key growth drivers for the global Portable oxygen kit market are:

• Expanding geriatric population globally: According to our experts, about 817 million people worldwide were known to be aged 65 years or older in the year 2023. This population, according to the United Nations, is expected to touch 1.5 billion people by 2050. With such high rate of people growing old worldwide, the need for portable oxygen kits would also grow as the population is prone to different kind of diseases. Such a factor is therefore predicted to drive the market growth during the forecast period.
• Increasing trend of home healthcare: Recently, owing to the increasing cost of healthcare services worldwide, individuals are rapidly preferring for home healthcare services, that are available at a lower cost. This growing preference for home healthcare over hospital is expected to drive the demand for portable oxygen kits, and in turn, contribute to the market growth.

Which Probable Factors Could Hamper the Growing Portable oxygen kit Market Trend?

As per our KD Market Insights analysis, some of the challenges expected to limit the global market growth of Portable oxygen kit are:

• Risk of explosion and fire: Portable oxygen kits usually consists of a compressed oxygen tank, which when miss-handled or dropped, may explode, causing serious and even fatal injuries. The cylinder may also catch fire upon a specific level of impact, creating severe injuries to the user. Owing to such risks involved with these kits, the demand for the product is expected to be impacted negatively.
• High cost of the kits: The cost of portable oxygen kits is usually high due to their portable size as well as because of the complex design involved in it. Owing to this high cost of the product, affordability of the product among consumers, especially those with limited budget, may greatly be hampered.

How is the Global Portable oxygen kit Market Segmented?

Our experts at KD Market Insights have segmented the global Portable oxygen kit market research report as:

What are the Probable Factors Influencing the North America Portable oxygen kit Market Forecast?

The North America portable oxygen kit market is majorly driven by the high prevalence of chronic respiratory diseases such as chronic obstructive pulmonary disease (COPD) and asthma. The aging population in North America further contributes to this demand, as older adults are more likely to require oxygen therapy. Additionally, advancements in healthcare infrastructure and increased healthcare expenditure in the region support the adoption and accessibility of portable oxygen kits. This combination of factors drives the growth of the portable oxygen kit market in North America.

As per our analysts at KD Market Insights, the following five players lead the North America Portable oxygen kit market growth:

• Inogen, Inc
• CAIRE Inc
• Philips Respironics
• Invacare Corporation
• Drive DeVilbiss Healthcare

Which Key Players Top the Global Portable oxygen kit Market Share?

As per our analysts at KD Market Insights, the competitive landscape of global Portable oxygen kit market facilitates our readers in identifying their closest competitors. The manufacturers who are associated with Portable oxygen kit market are raising their focus on expanding their presence, as well as their market share. The market has also been witnessing an upward movement in the number of collaborations between research institutions and key players, aimed at introducing advanced technologies and innovation of new products. Here is a list of the key players who top the global Portable oxygen kit market share:

• Koninklijke Philips N.V.
• INVACARE CORPORATION
• TEIJIN LIMITED
• NIDEK Medical Products
• DeVilbiss Healthcare LLC
• Inova Labs
• Inogen Inc
• Worthington Industries, Inc.
• O2 CONCEPTS, LLC
• Chart Industries

What are the Recent Developments Observed in the Portable oxygen kit Market?

Over the years, the experts at KD Market Insights have been observing the recent developments associated with global Portable oxygen kit market trends. Our expert’s market forecast analysis has recorded the market players adopting plentiful of key strategies including new product launches, mergers & acquisitions, and collaborations.

For instance, Inogen stated that it has launched its new Rove 6 portable oxygen concentrator in the United States.

Further, Philips Respironics stated that it has issued a recall for certain models of their BiPAP (Bilevel Positive Airway Pressure) machines due to potential safety concerns.

1. Executive Summary
   1. Market Overview
   2. Key Findings
   3. Market Trends
   4. Market Outlook
2. Introduction
   1. Scope of the Report
   2. Research Methodology
   3. Definitions and Assumptions
   4. Acronyms and Abbreviations
3. Market Dynamics
   1. Drivers
   2. Restraints
   3. Opportunities
   4. Challenges
4. Global Portable oxygen kit Market
   1. Market Overview
   2. Market Size and Forecast
   3. Market Segmentation
      1. By End User
      2. By Region
5. Market Segmentation by End User
   1. Healthcare
   2. Home Application
   3. Aerospace and Automotive
   4. Others
6. Regional Analysis
   1. North America
      1. United States
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by End User
      2. Canada
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by End User
      3. Mexico
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by End User
   2. Europe
      1. United Kingdom
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by End User
      2. Germany
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by End User
      3. France
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by End User
      4. Italy
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by End User
      5. Spain
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by End User
      6. Rest of Europe
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by End User
   3. Asia Pacific
      1. China
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by End User
      2. Japan
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by End User
      3. India
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by End User
      4. Australia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by End User
      5. South Korea
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by End User
      6. Rest of Asia Pacific
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by End User
   4. Latin America
      1. Brazil
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by End User
      2. Argentina
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by End User
      3. Colombia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by End User
      4. Rest of Latin America
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by End User
   5. Middle East & Africa
      1. South Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by End User
      2. Saudi Arabia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by End User
      3. UAE
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by End User
      4. Rest of Middle East & Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by End User
7. Competitive Landscape
   1. Market Share Analysis
   2. Company Profiles
      1. Koninklijke Philips N.V.
      2. INVACARE CORPORATION
      3. TEIJIN LIMITED
      4. NIDEKMedical Products
      5. DeVilbiss Healthcare LLC
      6. Iova Labs
      7. Inogen Inc
      8. Worthington Industries, Inc.
      9. O2 CONCEPTS, LLC
      10. Chart Industries
8. Strategic Recommendations
9. Appendix
   1. List of Tables
   2. List of Figures
10. References