Portland, OR, Sept. 19, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global portable oxygen kit market was estimated at $18.7 billion in 2021 and is expected to hit $35.8 billion by 2031, registering a CAGR of 7.0% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $18.7 Billion |
| Market Size in 2031 | $35.8 Billion |
| CAGR | 7.0% |
| No. of Pages in Report | 249 |
| Segments Covered | End User and Region. |
| Drivers | Prevalence of chronic respiratory diseases such as asthma, chronic obstructive pulmonary disease (COPD), emphysema, and chronic bronchitis |
| Opportunities | The fact that many government and local regulatory groups have started a number of initiatives and programs to inform the public about COPD |
| Restraints | Lack of awareness among people about proper and careful handling of portable oxygen kits |
Impact of Covid-19 on Portable Oxygen Kit Market-
- During the pandemic, hospitals were completely occupied, with no vacant beds. And, as the number of corona virus patients increased significantly, use of portable oxygen cylinders was recommended by doctors as a means of treatment at home settings only. This factor impacted the global portable oxygen kit market positively.
- Breathing difficulties and low blood oxygen levels were the common symptoms among people. Hence the need for oxygen was at peak throughout the pandemic.
The global portable oxygen kit market is analyzed across end user and region. The report takes in an exhaustive analysis of segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
Based on end user, the healthcare segment garnered more than two-fifths of the total market revenue in 2021, and is expected to dominate by 2031. The home application segment, simultaneously, would manifest the fastest CAGR of 8.1% throughout the forecast period. The other segment analyzed in the report takes in home aerospace & automotive.
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Based on region, the market across North America generated around one-third of the total market revenue in 2021, and is anticipated to retain the lion’s share by 2031. The Asia-Pacific region, at the same time, would manifest the fastest CAGR of 8.2% during the forecast period. The other regions studied in the report include LAMEA and Europe.
The key market players analyzed in the global portable oxygen kit market report include DeVilbiss Healthcare, Inova Labs Inc., NIDEK Medical Products Inc., O2 Concepts, Teijin Limited, Koninklijke Philips N.V., Invacare Corporation, Worthington Industries, Inogen Inc., and Chart Industries. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance, product portfolio, operating segments, and developments by the top players.
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“We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.”
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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