A portable oxygen kit typically refers to a compact and lightweight system that can provide supplemental oxygen to individuals who have difficulty breathing. These kits can be used by people who have conditions such as chronic obstructive pulmonary disease (COPD), emphysema, asthma, or other lung disorders.
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The portable oxygen kit market size was valued at $18.7 billion in 2021, and is estimated to reach $35.8 billion by 2031, growing at a CAGR of 7% from 2022 to 2031.
- CAGR: 7%
• Current Market Size: USD 18.7 Billion
• Forecast Growing Region: APAC
• Largest Market: North America
• Projection Time: 2021- 2031
• Base Year: 2021
The global portable oxygen kit market share is segmented based on end-use, and region. By end-use, it is classified into healthcare, home applications, aerospace & automotive, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Impact of COVID-19 on the Portable Oxygen Kit Industry
COVID-19 has impacted nearly every industry by the exceptional worldwide public health crisis known as COVID-19, and during the forecast period, the impacts are expected to have a positive long-term impact on portable oxygen kit industry growth.
During the COVID-19 pandemic, hospitals were completely occupied, with no vacant beds, As the number of corona virus patients increased tremendously. In such scenario, the use of portable oxygen cylinders was also recommended by doctors as a means of treatment for these patients at home settings. This factor has further resulted in sharp rise in the portable oxygen kits demand.
Key Players –
• INVACARE CORPORATION,
• O2 CONCEPTS, LLC,
• DeVilbiss Healthcare LLC,
• Chart Industries Inc.,
• Inova Labs,
• Worthington Industries, Inc.,
• Inogen Inc,
• NIDEK Medical Products,
• TEIJIN LIMITED,
• Koninklijke Philips N.V.
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