The development of the supply chain and the facilitation of global trade have promoted the production and distribution of oxygen concentrators
In 2022, the sales revenue of the portable oxygen concentrator market in China reached 4.702 billion yuan, and it is expected to grow to 6.747 billion yuan by 2029, with a compound annual growth rate (CAGR) of 8.04%. The purpose of this research project is to comprehensively consider the product lines, industry characteristics, existing market space and incremental market space in the field of portable oxygen concentrators, and in combination with the market development prospects, evaluate the positions of various competitors in the field of portable oxygen concentrators.
From the perspective of product types, 5L oxygen concentrators occupy an important position, and their market share is expected to reach 42.40% by 2029. In terms of application fields, the market share of medical portable oxygen concentrators was approximately 68.24% in 2022, and the compound annual growth rate is expected to be 6.56% in the next few years (2023 - 2029).
The growth of the future portable oxygen concentrator market is expected to be mainly driven by the following factors:
The intensifying trend of global population aging and the increase in chronic diseases have made portable oxygen concentrators an important medical device for many elderly people and patients with chronic diseases who need oxygen therapy. These devices can provide a continuous and reliable oxygen supply, improving the quality of life and health conditions.
People's increasing attention to health and quality of life has correspondingly increased the demand for portable oxygen concentrators. In particular, those who need to maintain an oxygen supply during outdoor activities, travels or sports are increasingly aware of the convenience and benefits of portable oxygen concentrators.
The support and policies of some national governments for healthcare have promoted the growth of the portable oxygen concentrator market. Governments encourage people to actively manage their own health and provide subsidies or insurance reimbursement for the expenses of portable oxygen concentrators, enabling more people to obtain and use such devices.
With the intensification of market competition, manufacturers are constantly improving the quality, functions and prices of their products to attract more consumers. In addition, the development of the supply chain and the facilitation of global trade have also promoted the production and distribution of portable oxygen concentrators, making them easier to obtain and use.
In conclusion, the Chinese portable oxygen concentrator market is expected to maintain stable growth in the next few years. Core manufacturers occupy a certain share of the market, 5L oxygen concentrators dominate in product types, and the medical application field still has a large market share. With the trend of population aging and the improvement of health awareness, the portable oxygen concentrator market is expected to continue to be driven and has the potential to further expand the market scale.
As a wholesale of oxygen concentrator accessories and manufacturer of oxygen concentrator accessories in China, Holian Company actively cooperates with oxygen concentrator enterprises around the world to meet the challenges of the market.
