The Latin America, Middle East and Africa Portable Oxygen Kit Market would witness market growth of 10.5% CAGR during the forecast period (2022-2028).
Portable oxygen kits are often used by medical practitioners for diagnostic and therapeutic purposes. Elderly patients who require a regular supply of oxygen to support their physical and mental health demands often choose medical oxygen gas systems that are stored in portable oxygen kits and are used in home care settings. Emphysema, for example, is a common chronic medical illness that most frequently affects elderly patients and needs constant oxygen therapy or more oxygen.
A wide variety of oxygen systems are used to provide patients with a regulated amount of oxygen. The expansion of the portable oxygen kit market is mostly caused by a rise in the average level of environmental pollution exposure among people. Additionally, an increase in the number of smokers and those who are sensitive to indoor air pollutants can affect the airways and the tiny air sacs in the lungs, which can cause lung disease. These elements are driving the growth of the portable oxygen kits market.
The geriatric population is growing quickly in the countries in the region. Between 2020 and 2050, the number of elderly people in Africa is expected to triple, from 74.4 million to 235.1 million, according to the United States Census Bureau. Over the following three decades, it will witness the fastest growth of any region on the planet. With the majority of African countries possessing an older population of less than 7% by 2050, it is estimated that just over one-fifth of the countries in the region would still have a lower proportion of elderly people. By 2050, Nigeria is anticipated to have the 11th-largest geriatric population in the world, up from its current ranking of 19th in 2020. This factor is propelling the growth of the regional portable oxygen kit market.
The Brazil market dominated the LAMEA Portable Oxygen Kit Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $542.4 million by 2028. The Argentina market is registering a CAGR of 11.1% during (2022 - 2028). Additionally, The UAE market would grow at a CAGR of 10.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Portable Oxygen Kit Market is Predict to reach $29.6 Billion by 2028, at a CAGR of 7%
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.
By End User
By Country
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