Oxygen concentrators Industry - Regional Synopsis
On the basis of geographical analysis, the oxygen concentrators market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. Asia Pacific industry is estimated to account for largest revenue share by 2037, on the back of rapid rate of increase in geriatric population, growing usage of advanced technologies in the healthcare sector and escalating emphasis to maintain health standards in the region. Another report by WHO depicts that 9.8% of the total population of South East Asia consisted of people aged 60 years or above. This statistic is calculated to increase up to 13.7% by the end of 2030.
North America Market Analysis
Moreover, North America is assessed to occupy the largest market share during the forecast period, which can be credited to the implementation of government initiatives authorizing the usage of portable oxygen concentrators during air travel, high healthcare spending and growing incidences of sedentary lifestyle in the region.
