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The homecare oxygen concentrators market size is forecast to increase by USD 2.31 billion at a CAGR of 18.52% between 2023 and 2028. The market is experiencing significant growth due to the increasing prevalence of respiratory diseases and an aging population. According to the American Lung Association, approximately 30 million Americans have chronic obstructive pulmonary disease (COPD), a leading cause of respiratory issues. Homecare oxygen concentrators offer a convenient and cost-effective solution for patients requiring continuous oxygen therapy. Moreover, continuous product innovation is driving the market, with companies introducing lightweight, portable, and user-friendly devices. For instance, some concentrators are now equipped with advanced features such as built-in pulse dose meters, pressure regulators, and humidifiers. However, the high cost of portable oxygen concentrators remains a significant challenge for the market, particularly for patients with limited financial resources. Despite this, the market is expected to continue expanding due to the increasing demand for home-based healthcare solutions and technological advancements in oxygen concentrator technology.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Technology
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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