North America 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 North America Portable Oxygen Kit Market would witness market growth of 6.5% CAGR during the forecast period (2022-2028).
The demand for portable oxygen kits has increased dramatically in recent years. In order to always have access to medical oxygen supply wherever, many patients with chronic respiratory disorders have started opting for home-based medical oxygen kits, such as portable oxygen kits and concentrators. Patients no longer need to rely on outside suppliers for oxygen tanks and refills owing to the portable oxygen kit. The advantages of portable oxygen concentrators are their light weight, lack of a medical device appearance, and ability to increase independence.
As people become older and lead unhealthy lifestyles, chronic respiratory disorders such as chronic obstructive pulmonary disease, asthma, emphysema, and chronic bronchitis are becoming more common. Additionally, as the number of elderly people suffering from respiratory issues is increasing quickly and the requirement for oxygen kits has accelerated even further, there will likely be a greater need for portable oxygen kits.
In the US, tobacco smoke plays a significant role in the onset and progression of COPD. Respiratory infections, hereditary factors, and exposure to air pollutants at home and at work all contribute. Indoor air quality is regarded to be more important than it is in the United States in poor countries. To reduce their risk of getting COPD, people should aim to limit their exposure to cigarette smoke, indoor air pollution, and respiratory infections. Early diagnosis of COPD may alter the disease's course and progression. Due to the rising prevalence of this disease, the adoption of oxygen cylinders is significantly increasing within regional countries for home applications as well as in healthcare facilities. Therefore, this factor is playing a major role in accelerating the growth of the regional portable oxygen kit market.
The US market dominated the North America Portable Oxygen Kit Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $7,826.6 million by 2028. The Canada market is experiencing a CAGR of 8.5% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 8.3% 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 U.S., Mexico, Canada, and Rest of North America.
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
- Rest of North America
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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