North America to Lead Portable Oxygen Concentrator Market through 2022, Says KSI in In-Demand Research Study Available at MarketPublishers.com
27 Sep 2017 • by Natalie Aster
LONDON – By the end of the current year, the value of the world’s portable oxygen concentrator market will cross USD 996 million. During 2017-2022, the market value is expected to increase at a 11.56% CAGR to go beyond USD 1.72 billion. Growth in this market is fueled by increasing incidence of chronic diseases as asthma and obesity, rapidly aging global population, rising adoption of advanced techniques, elevating government expenditure in the healthcare field, enhancing awareness of fitness and good health, amid others. However, the market also faces certain challenges like stringent regulations regarding medical devices and high cost of portable oxygen concentrators.
In 2016, the North American region grabbed the biggest share of the overall portable oxygen concentrator market. In the short run, this region is predicted to maintain its dominance in the global market and will likely see the highest CAGR worldwide. robust growth in the North American portable oxygen concentrator market is attributed to huge number of aged people and high prevalence of COPD in the region together with presence of numerous portable oxygen concentrator manufacturers.
In-demand research study “Portable Oxygen Concentrator Market - Forecasts from 2017 to 2022” drawn up by Knowledge Sourcing Intelligence LLP (KSI) gives a detailed guide to the world’s market for portable oxygen concentrator and offers access to updated statistics on the market performance. It examines the market segments and estimates the market shares, sheds light on the market dynamics and major growth influencing forces, describes the competitive scenario and reviews leading participants. This report investigates the market state across the main regions, points out emerging threats and opportunities, discusses top trends as well as provides detailed forecasts for the portable oxygen concentrator market through 2022.
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