The Europe Portable Oxygen Kit Market would witness market growth of 6.6% CAGR during the forecast period (2022-2028).
A POC system is essentially a nitrogen scrubber that can reliably produce a considerable proportion of medical-grade oxygen. A portable oxygen concentrator made by Zen-O that can operate in both pulse and continuous flow modes. The ability of a POC to provide sufficient additional oxygen to alleviate hypoxia (oxygen shortage) throughout routine activities and according to the patient's breathing cycles is the most crucial factor to take into account.
Maximum oxygen purity, the quantity and size of settings for modifying oxygen flow, battery capacity (or the number of add-on batteries), and options for power cable recharging are other factors. To promote public awareness about COPD, the availability of portable oxygen kits, their advantages, and training in case of a medical emergency, numerous government and municipal regulatory bodies have launched a number of projects and programs.
The countries in the region possess a substantial as well as a thriving healthcare sector. One of the biggest markets in Europe is Germany. According to the International Trade Administration, the third-largest market in the world for medical technology is found in Germany. With a market size approximately double that of France while three times that of the United Kingdom, Italy, and Spain, it is also by far the biggest market in Europe. One of the most lucrative healthcare sectors in the world is the German medical device market, which generates around USD 35.8 billion yearly, or 25.6% of the whole European market. This factor would substantially drive the growth of the regional portable oxygen kit market.
The Germany market dominated the Europe Portable Oxygen Kit Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,007 million by 2028. The UK market is exhibiting a CAGR of 5.7% during (2022 - 2028). Additionally, The France market would experience a CAGR of 7.4% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Portable Oxygen Kit Market will Hit $29.6 Billion by 2028, at a CAGR of 7%
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.
By End User
By Country
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