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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Portable Oxygen Kit Market Growth Drivers
Increasing Prevalence of Chronic Respiratory Diseases Drives Market Growth
The demand for home oxygen therapy is increasing which can be attributed to the rising prevalence of chronic respiratory conditions such as COPD (chronic obstructive pulmonary disease), asthma, and chronic bronchitis, among others. Recent data suggests that the global prevalence of COPD is roughly 12% in the general population and ranks as the third leading cause of mortality. Further, the incidence of COPD is projected to rise in the next 40 years, which is expected to fuel the demand for portable oxygen solutions. Additionally, the increasing elderly population, which is more susceptible to developing respiratory conditions, is likely to bolster the market growth in the forecast period.
Rising Technological Innovations Expected to Fuel Portable Oxygen Kit Market Demand
In March 2022, GRS India Corporation, a New Delhi-based startup, with support from the North East Centre For Technology Application and Reach (NECTAR), an independent organization of the Department of Science (DST) designed Oxygen Plus, a field-portable smart bag pack emergency oxygen concentrator. This user-friendly and smartphone-based portable oxygen kit can provide a consistent oxygen supply during health crises such as the COVID-19 pandemic or high altitude-related problems. The field-portable device is cost-effective and can be linked to a monitoring mobile app to track oxygen levels and usage and receive alerts in real time. The rising integration of portable oxygen kits with advanced technologies is anticipated to augment the market demand.
Portable Oxygen Kit Market Report Snapshots
Portable Oxygen Kit Market Size
Portable Oxygen Kit Market Growth
Portable Oxygen Kit Market Trends
Portable Oxygen Kit Market Share
Portable Oxygen Kit Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124