Published Date: 30-Sep-2022
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According to a new report, published by KBV research, The Global Portable Oxygen Kit Market size is expected to reach $29.6 billion by 2028, rising at a market growth of 7.0% CAGR during the forecast period.
The Healthcare market acquired the high revenue share in the Global Portable Oxygen Kit Market by End User in 2021, thereby, achieving a market value of $13.6 billion by 2028. The increase in the growth of the segment is attributed to the increasing burden of cardiovascular diseases on hospitals and clinics. Due to the increasing number of patients with CVDs, there is a lack of oxygen cylinders in healthcare sector all over the world.
The North America market dominated the Global Portable Oxygen Kit Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $10.7 billion by 2028. The Europe market is estimated to grow at a CAGR of 6.6% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 7.4% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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