Global Portable Oxygen Concentrators Market to Grow at 9% During 2021-2026, Impelled by Rapid Outbreak of COVID-19
The global portable oxygen concentrators market is driven by the rising prevalence of respiratory disorders and the rapid outbreak of coronavirus disease.
May 04, 2021 23:58 ET | Source: IMARC Group IMARC Group Sheridan, Wyoming, UNITED STATES
, the global portable oxygen concentrators market exhibited strong growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 9% during the forecast period (2021-2026).A portable oxygen concentrator (POC) refers to a device that is widely utilized to provide oxygen therapy to patients who require a higher level of oxygen concentration than ambient air. These medicals devices consist of an alarm indicator, a knob for adjusting the flow rate and an oxygen outlet for the nasal cannula. They function by separating nitrogen and oxygen from the air