Portable Oxygen Kit Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently released a comprehensive report on the worldwide Portable Oxygen Kit Market. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure.

Key Insights:

Portable Oxygen Kit Market Size (2024E):US$21.9 Bn
Projected Market Value (2031F): US$33.4 Bn
Global Market Growth Rate (CAGR 2024 to 2031):6.2%

Portable Oxygen Kit Market - Report Scope:

Portable oxygen kits are essential for individuals with respiratory conditions, including chronic obstructive pulmonary disease (COPD), asthma, and other lung-related disorders. These kits provide a portable source of supplemental oxygen, enhancing the quality of life for patients by ensuring they receive adequate oxygen levels while on the move. The portable oxygen kit market caters to hospitals, homecare settings, and emergency response units, offering a range of products, including oxygen concentrators, cylinders, and portable tanks. Market growth is driven by the increasing prevalence of respiratory diseases, an aging population, and advancements in portable oxygen technology, which enhance device efficiency and user convenience.

Market Growth Drivers:

The global portable oxygen kit market is propelled by several key factors, including the rising prevalence of respiratory conditions due to environmental pollution and an aging population. Increased awareness about the benefits of portable oxygen therapy and advancements in technology, such as lightweight and more efficient oxygen concentrators, contribute to market expansion. The growing demand for home-based healthcare solutions and the expansion of emergency medical services also drive market growth. Additionally, the increasing adoption of portable oxygen kits for travel and outdoor activities further boosts market demand.

Market Restraints:

Despite promising growth prospects, the portable oxygen kit market faces challenges related to the high cost of advanced oxygen therapy devices and limited reimbursement coverage in some regions. Regulatory hurdles and stringent quality standards for portable oxygen kits can also impact market entry and operational costs. Moreover, the need for regular maintenance and calibration of oxygen concentrators adds to the overall expense for users, potentially limiting market growth, particularly in price-sensitive regions. Addressing these challenges requires innovations in cost-effective solutions and collaborations between manufacturers and healthcare providers to improve accessibility.

Market Opportunities:

The portable oxygen kit market presents significant growth opportunities driven by technological innovations, demographic trends, and evolving healthcare delivery models. The development of compact, user-friendly oxygen devices and advancements in battery technology create new possibilities for market expansion. The integration of digital health technologies, such as remote monitoring and smart oxygen devices, enhances patient convenience and adherence. Furthermore, the growing focus on personalized healthcare and the expansion of home healthcare services create opportunities for market players to introduce innovative products and services. Strategic partnerships and investments in research and development are crucial to capitalize on these emerging opportunities.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the portable oxygen kit market globally?
Which types of portable oxygen kits and applications are driving adoption across different healthcare settings?
How are technological advancements reshaping the competitive landscape of the portable oxygen kit market?
Who are the key players contributing to the portable oxygen kit market, and what strategies are they employing to maintain market relevance?
What are the emerging trends and future prospects in the global portable oxygen kit market?

Competitive Intelligence and Business Strategy:

Leading players in the global portable oxygen kit market, including Philips Healthcare, Invacare Corporation, and OxyLife, focus on innovation, product differentiation, and strategic partnerships to gain a competitive edge. These companies invest in R&D to develop advanced portable oxygen solutions, including lightweight concentrators and portable tanks, catering to diverse patient needs. Collaborations with healthcare providers, medical device distributors, and regulatory agencies facilitate market access and promote technology adoption. Emphasis on user-friendly designs, reliability, and patient education fosters market growth and enhances user experience in the rapidly evolving portable oxygen kit landscape.

Key Companies Profiled:

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.

Portable Oxygen Kit Industry Segmentation

By End-Use Industry

Healthcare
Home Application
Aerospace and Automotive

By Region

North America
Europe
Asia Pacific
Middle East
Oceania
Africa

Product Code: PMRREP34714

1. Executive Summary

1.1. Global Portable Oxygen Kits Market Snapshot, 2024-2031
1.2. Market Opportunity Assessment, 2024-2031, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Macro-Economic Factors
- 2.3.1. Global Sectorial Outlook
- 2.3.2. Global GDP Growth Outlook
- 2.3.3. Global Healthcare Spending Outlook
2.4. COVID-19 Impact Analysis
2.5. Forecast Factors - Relevance and Impact

3. Value Added Insights

3.1. Product Adoption Analysis
3.2. Technology Assessment
3.3. Regulatory Landscape
3.4. Value Chain Analysis
- 3.4.1. List of Distribution Channel/Marketplaces
  - 3.4.1.1. Retail
  - 3.4.1.2. Audiology
  - 3.4.1.3. E-Commerce
- 3.4.2. List of End User (Industry)
3.5. Key Deals and Mergers
3.6. PESTLE Analysis
3.7. Porter's Five Force Analysis

4. Price Trend Analysis, 2019-2031

4.1. Key Highlights
4.2. Key Factors Impacting Product Prices
4.3. Pricing Analysis, By Product
4.4. Regional Prices and Product Preferences

5. Global Portable Oxygen Kits Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

5.1. Key Highlights
- 5.1.1. Market Volume (Units) Projections
- 5.1.2. Market Size (US$ Bn) and Y-o-Y Growth
- 5.1.3. Absolute $ Opportunity
5.2. Market Size (US$ Bn) Analysis and Forecast
- 5.2.1. Historical Market Size (US$ Bn) Analysis, 2019-2023
- 5.2.2. Current Market Size (US$ Bn) Analysis and Forecast, 2024-2031
5.3. Global Portable Oxygen Kits Market Outlook: End User
- 5.3.1. Introduction / Key Findings
- 5.3.2. Historical Market Size (US$ Bn) Analysis, By End User, 2019-2023
- 5.3.3. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024-2031
  - 5.3.3.1. Healthcare
  - 5.3.3.2. Home Application
  - 5.3.3.3. Aerospace and Automotive
  - 5.3.3.4. Others
5.4. Market Attractiveness Analysis: End User

6. Global Portable Oxygen Kits Market Outlook: Region

6.1. Key Highlights
6.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Region, 2019-2023
6.3. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Region, 2024-2031
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia and Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa
6.4. Market Attractiveness Analysis: Region

7. North America Portable Oxygen Kits Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019-2023
- 7.3.1. By Country
- 7.3.2. By End User
7.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 7.4.1. U.S.
- 7.4.2. Canada
7.5. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024-2031
- 7.5.1. Healthcare
- 7.5.2. Home Application
- 7.5.3. Aerospace and Automotive
- 7.5.4. Others
7.6. Market Attractiveness Analysis

8. Europe Portable Oxygen Kits Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019-2023
- 8.3.1. By Country
- 8.3.2. By End User
8.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 8.4.1. Germany
- 8.4.2. France
- 8.4.3. U.K.
- 8.4.4. Italy
- 8.4.5. Spain
- 8.4.6. Russia
- 8.4.7. Turkey
- 8.4.8. Rest of Europe
8.5. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024-2031
- 8.5.1. Healthcare
- 8.5.2. Home Application
- 8.5.3. Aerospace and Automotive
- 8.5.4. Others
8.6. Market Attractiveness Analysis

9. East Asia Portable Oxygen Kits Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019-2023
- 9.3.1. By Country
- 9.3.2. By End User
9.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 9.4.1. China
- 9.4.2. Japan
- 9.4.3. South Korea
9.5. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024-2031
- 9.5.1. Healthcare
- 9.5.2. Home Application
- 9.5.3. Aerospace and Automotive
- 9.5.4. Others
9.6. Market Attractiveness Analysis

10. South Asia & Oceania Portable Oxygen Kits Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019-2023
- 10.3.1. By Country
- 10.3.2. By End User
10.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 10.4.1. India
- 10.4.2. Southeast Asia
- 10.4.3. ANZ
- 10.4.4. Rest of South Asia & Oceania
10.5. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024-2031
- 10.5.1. Healthcare
- 10.5.2. Home Application
- 10.5.3. Aerospace and Automotive
- 10.5.4. Others
10.6. Market Attractiveness Analysis

11. Latin America Portable Oxygen Kits Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

11.1. Key Highlights
11.2. Pricing Analysis
11.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019-2023
- 11.3.1. By Country
- 11.3.2. By End User
11.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 11.4.1. Brazil
- 11.4.2. Mexico
- 11.4.3. Rest of Latin America
11.5. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024-2031
- 11.5.1. Healthcare
- 11.5.2. Home Application
- 11.5.3. Aerospace and Automotive
- 11.5.4. Others
11.6. Market Attractiveness Analysis

12. Middle East & Africa Portable Oxygen Kits Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

12.1. Key Highlights
12.2. Pricing Analysis
12.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019-2023
- 12.3.1. By Country
- 12.3.2. By End User
12.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 12.4.1. GCC Countries
- 12.4.2. Egypt
- 12.4.3. South Africa
- 12.4.4. Northern Africa
- 12.4.5. Rest of Middle East & Africa
12.5. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024-2031
- 12.5.1. Healthcare
- 12.5.2. Home Application
- 12.5.3. Aerospace and Automotive
- 12.5.4. Others
12.6. Market Attractiveness Analysis

13. Competition Landscape

13.1. Market Share Analysis, 2024
13.2. Market Structure
- 13.2.1. Competition Intensity Mapping By Market
- 13.2.2. Competition Dashboard
13.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 13.3.1. INVACARE CORPORATION
  - 13.3.1.1. Overview
  - 13.3.1.2. Segments and Products
  - 13.3.1.3. Key Financials
  - 13.3.1.4. Market Developments
  - 13.3.1.5. Market Strategy
- 13.3.2. O2 CONCEPTS, LLC
- 13.3.3. DeVilbiss Healthcare LLC
- 13.3.4. Chart Industries Inc.
- 13.3.5. Inova Labs
- 13.3.6. Worthington Industries, Inc.
- 13.3.7. Inogen Inc.
- 13.3.8. NIDEK Medical Products
- 13.3.9. TEIJIN LIMITED
- 13.3.10. Koninklijke Philips N.V.

14. Appendix

14.1. Research Methodology
14.2. Research Assumptions
14.3. Acronyms and Abbreviations