The increasing prevalence of Chronic Obstructive Pulmonary Disease (COPD) is one of the major factors that is driving the growth of the global Portable Oxygen Concentrators Market. Chronic Obstructive pulmonary disease is an umbrella term used to define progressive lung diseases including chronic bronchitis, emphysema, and refractory asthma. According to the World Health Organization (WHO), around 251 million people were living with COPD in 2016. This number is expected to increase during the forecast period, as there are a lot of undiagnosed cases.
The global portable oxygen concentrators market was valued at approximately US$ 924.5 Mn in the year 2018 and is expected to grow during the forecast period.
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