What’s driving the global portable oxygen concentrators market?

One key driver is the rising prevalence of respiratory conditions.

The rising prevalence of respiratory diseases amongst the ageing population is driving the global portable oxygen (O2) concentrators market is poised to rise by $1.15b at an estimated compound annual growth rate (CAGR) of 10.03%, Technavio revealed.

This leads to a pivot towards the prevailing presence of assisted-living facilities and home-care settings.

Building on this, portable O2 concentrators are gaining pace over stationary models due to their mobility and convenience, with telemedicine, remote patient monitoring, and mobile health applications contributing to these devices’ enhancements.

Moreover, the market is further driven by the development of nitrogen removal technology in concentrators for the delivery of medical-grade oxygen.

Lastly, the public healthcare system plays a critical role in ensuring these products are accessible amidst rising health expenditures and insurance coverage.