Oxygen Concentrator Market Size, Industry & Landscape Outlook, Revenue Growth Analysis to 2032
The global oxygen concentrator market has been experiencing significant growth in recent years and is expected to continue expanding in the coming years. In 2022, the market size was valued at USD 2 billion, and it is projected to reach USD 4.34 billion by 2032, with a compound annual growth rate (CAGR) of 9% during the forecast period. One of the primary factors driving the growth of the market is the increasing prevalence of respiratory disorders worldwide, particularly among the aging population. According to the World Health Organization (WHO), by 2030, Chronic Obstructive Pulmonary Disease (COPD) is expected to surpass heart disease as the third leading cause of mortality globally. This rising frequency of respiratory disorders is attributed to various factors such as air pollution, smoking habits, and changing lifestyles. Get a sample of the report @ https://www.reportsanddata.com/download-free-sample/2170 Some of the major players in the global oxygen concentr...