Asia Pacific Portable Oxygen Kit Market Size, Share & Industry Trends Analysis Report By End User (Healthcare, Home Application, Aerospace & Automotive, and Others), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Portable Oxygen Kit Market would witness market growth of 7.4% CAGR during the forecast period (2022-2028).
POCs work using the same pressure swing adsorption technique as a home concentrator. A POC's basic setup consists of a miniature air compressor, a cylinder filled with a sieve, a reservoir to equalize pressure, valves, and tubes. The internal compressor pushes this air through a molecular sieve, a set of chemical filters, during the first part of the first cycle. In order to remove nitrogen from the air and concentrate oxygen, this filter is built of zeolite, which is a type of silicate granule that attracts nitrogen molecules to its surfaces by adsorption more strongly than it attracts oxygen molecules.
The oxygen and trace amounts of many other gases are discharged into the pressure-equalizing reservoir after the first cylinder reaches the necessary purity and pressure is about 20 psi. The nitrogen is desorbed, the valve is shut and the gas is released into the surrounding air as the pressure in the first cylinder decreases. The majority of the oxygen generated is given to the patient while a small portion is supplied back into the sieves at significantly lower pressure to flush out any nitrogen residue and get the zeolite ready for the next cycle.
Air pollution is a subject of major concern within regional countries, like India. Due to the rapid industrialization in the country, the concentration of pollution is significantly rising in India. In India, air pollution is a severe problem that ranks higher than diabetes risk factors, child and maternal malnutrition, high blood pressure, smoking, and high blood pressure. According to the World Health Organization, 13 of the top 20 cities in the world with the highest yearly levels of air pollution are in India, where at least 140 million people breathe air that is ten times or even more polluted than the WHO safe level. Household pollutants, automobiles, industrial facilities, and forest fires are the main causes of air pollution. Asthma flare-ups and an increase in respiratory infections, particularly in kids, are caused by it. Air pollution has also been linked to an increase in morbidity and mortality from chronic respiratory illnesses, cancer, and cardiovascular diseases, including stroke.
The China market dominated the Asia Pacific Portable Oxygen Kit Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,420.1 million by 2028. The Japan market is showcasing a CAGR of 6.8% during (2022 - 2028). Additionally, The India market would register a CAGR of 8.1% during (2022 - 2028).
Based on End User, the market is segmented into Healthcare, Home Application, Aerospace & Automotive, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Koninklijke Philips N.V., Worthington Industries, Inc., Inogen, Inc., Teijin Limited, Invacare Corporation, Chart Industries, Inc. (First Reserve), O2 Concepts, LLC, Drive DeVilbiss Healthcare (Medical Depot, Inc.), and Nidek Medical Products, Inc.
Scope of the Study
Market Segments Covered in the Report:
By End User
- Home Application
- Aerospace & Automotive
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Koninklijke Philips N.V.
- Worthington Industries, Inc.
- Inogen, Inc.
- Teijin Limited
- Invacare Corporation
- Chart Industries, Inc. (First Reserve)
- O2 Concepts, LLC
- Drive DeVilbiss Healthcare (Medical Depot, Inc.)
- Nidek Medical Products, Inc.
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