It is estimated that by 2027, the European portable oxygen concentrator market will grow from US$381.7 million in 2019 to US$712.5 million. From 2020 to 2027, the compound annual growth rate of this market is estimated to be 8.2%.
The portable oxygen concentrator (POC) is a tool for oxygen therapy for patients who need a larger dose of oxygen than normal air. It is comparable to household oxygen (OC) concentrators, but it is smaller and more mobile. These devices enable patients to carry oxygen with them and help them to continue their daily activities so that they can continue their normal lifestyle freely. The prevalence of respiratory diseases, the increase in the elderly population and the increasing demand for portable oxygen concentrators are the reasons for the replacement of respiratory equipment in the COVID-19 pandemic, which may be the reason for the dominant market position. However, the high cost of equipment is likely to hinder market growth during the forecast period.
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Several technology companies have gathered in the European region, and these companies have accumulated a wealth of knowledge about modern technology among people. With the continuous advancement of drone technology, large multinational companies are seeking unmanned aircraft to ensure that packages can be delivered quickly at high speed without reducing time and operating costs. The advantage of Asian countries is that they are the most confident shoppers when receiving goods via drones and using automatic technology to pay.
The report provides an overview of the major players in the industry and a detailed analysis of their individual positions based on regional conditions. This study conducted a SWOT analysis to assess the strengths and weaknesses of major players in the European portable oxygen concentrator market. Researchers have conducted extensive analysis on the market size, share, trends, overall revenue, total revenue and profit margins of European portable oxygen concentrators to accurately draw forecasts and provide investors with expert insights so that they can keep abreast of market trends .
Order a copy of this European portable oxygen concentrator market research report at: https://www.businessmarketinsights.com/buy/single/TIPRE00012999
The research focus of the European portable oxygen concentrator market is to dig out valuable data on investment income, growth opportunities and major market suppliers to help customers understand the methods of competitors. The study also segmented the European portable oxygen concentrator market based on end users, product types, applications and demographics during the 2020-2027 forecast period. With the help of important resources (such as charts, tables, and infographics), a comprehensive analysis of key aspects (such as influencing factors and competitive landscape) is presented.
The report strategically examined the micro market and clarified the impact of technological upgrades on the performance of the European portable oxygen concentrator market.
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Post time: Mar-10-2021