MEA Portable Oxygen Concentrators Market

MEA Portable Oxygen Concentrators Market Size & Growth (2023 to 2028):

The Portable Oxygen Concentrators Market size in the Middle East & Africa is valued at USD 0.10 billion in 2023. It is further predicted to be growing at a CAGR of 8.32% between 2023 and 2028 and worth USD 0.15 billion by 2028.

The current COVID-19 pandemic, Y-O-Y rise in COPD prevalence, rising respiratory distress syndrome, asthma prevalence, and other respiratory disorders globally are likely to boost the MEA portable oxygen concentrators market growth rate.

Factors such as the Y-O-Y increase in asthma worldwide are also driving the MEA portable oxygen concentrators market. Asthma affects an estimated 300 million people globally, expected to rise to 4.5 million by 2030. The market's growth pace is expected to accelerate the continent's aging population.

In addition, the significant demand for oxygen concentrators in the healthcare business is due to infections and chronic illnesses that compromise people's lung health.

On the other hand, the rising concentration of players in emerging countries is likely to raise demand for POC throughout the projection period. Well-established health infrastructure, critical player engagement, and expanding understanding of sophisticated treatment procedures are the primary development factors for the market in MEA. Furthermore, the market expansion is aided by favorable reimbursement policies and increased investment financing from the government and private persons. In addition, mergers and acquisitions between regions promote regional market development and provide a platform for new market entrants, influencing market growth.

MEA portable oxygen concentrators' market may be restrained by respiratory diseases caused by dirty or contaminated equipment and other adverse effects, such as skin irritation.

Some countries' reimbursement policies and government regulations will also prevent portable oxygen concentrator market growth. Several supply chain disruptions have occurred due to the MEA pandemic in the recent past. The high costs associated with development are one of the main reasons for its slow progress. As a result of the limited number of permits for non-portable, single-use equipment, the market growth is somewhat limited. MEA market development can be hindered by a lack of knowledge about portable oxygen concentrators and a shortage of skilled practitioners.

A burgeoning healthcare system and medical infrastructure give the Middle East & Africa the smallest share of the global portable oxygen concentrators market.

The marketplace is being expanded by various product innovations, including miniaturized membrane technologies and improved batteries. Research and development (R&D) activities are also expected to drive market growth in the future. In addition, the switch from traditional oxygen cylinders to portable oxygen concentrators would increase the demand for portable oxygen concentrators.

This research report on the MEA Portable Oxygen Concentrators Market has been segmented and sub-segmented into the following categories.

By Product: 

• Portable Oxygen Concentrator & Cylinders
• Stationary Oxygen Concentrator & Cylinders
• Oxygen Concentrator & Cylinders

By Technology:

• Continuous Flow
• Pulse Flow

By End User: 

• Hospitals
• Homecare
• Ambulatory Surgical Centres
• Travel Agents

By Country: 

• KSA
• UAE
• Israel
• rest of GCC countries
• South Africa
• Ethiopia
• Kenya
• Egypt
• Sudan
• rest of MEA

Geographically, the Middle East will dominate the MEA Portable Oxygen Concentrators market during the projected period. As a result of the pandemic's severity, there has been an increase in the number of suspects in hospitals and ambulatory surgery centers. It has resulted in a significant rise in demand for thousands of metric tonnes of oxygen from hospitals and nursing care facilities, propelling this area to the top of the overall product market, which is likely to maintain in the next two to three projection years.

Africa is expected to have a substantial market share in this area after the Middle East. Due to increasing expenditures and investments from the government for research and development operations.

KEY MARKET PLAYERS

Key market participants operating in the MEA Portable Oxygen Concentrators Market profiled in the report are Koninklijke Philips N.V., Inogen Inc., Chart Industries Inc., Resmed Inc., Invacare Corporation, Drive DeVilbiss Healthcare, Precision Medical Inc., Foshan Keyhub Electronic Industries Co. Ltd., O2 Concepts LLC, and GCE Group.,