Portable Oxygen Kit Market to Observe Significant Growth Due to Growing Demand for Oxygen Kits amidst COVID-19 Crisis.
The abrupt rise of COVID-19 has created a positive impact on the growth of the global portable oxygen kit market. Growing demand for oxygen kits worldwide is boosting the growth of the market.
New York, USA, June 29, 2020 (GLOBE NEWSWIRE) -- The recent research report on the Global Portable Oxygen Kit Market by Research Dive deliberates the impact of COVID-19 pandemic on present and future market growth. This report is a complete research formulated by evaluating the major regional market circumstances, key driving factors, and size & scope of the market during the COVID-19 crisis.
Highlights of the Report
The sudden outburst of COVID-19 pandemic has impacted the global portable oxygen kit market in a positive manner. Download Analysis Report Summary at https://www.researchdive.com/covid-19-insights/214/global-portable-oxygen-kit-market#myQueryForm
As per the report, the global portable oxygen kit market was valued at $1,372.6 million in 2018 and is anticipated to hit $2,871.3 million by growing at a CAGR of 9.9% by 2026.
The size of the market in the current scenario has reached $1,655.6 million due to the increased use of high-quality portable oxygen kits in hospitals, ambulances, and home first-aid kits during this pandemic situation.
Factors Influencing the Market amidst Covid-19 Pandemic
The global market is likely to undergo significant growth during the COVID-19 crisis due to the growing necessity and demand for oxygen kits for treating patients all over the world. Moreover, the incorporation of advanced technologies in the portable oxygen kits is expected to fuel the market growth, post-COVID crisis.
Current Market Transformation Due to Covid-19:
During this pandemic crisis, some of the major players in this market are providing portable oxygen kits at reduced prices for being trustworthy in customers’ viewpoint. For instance, branded portable kits such as Respironics (Philips), Nidek, and Devilbiss are available at reasonable costs ranging from $39.0 to $266.0 during this COVID-19 pandemic situation. Such activities are expected to unlock significant opportunities for the player after the end of the crisis period.
Additionally, government bodies worldwide are helping manufacturers for the production of oxygen kits. For example, the Drug Controller General of India (DGCI) has permitted oxygen kit manufacturers for the production of medical oxygen. Furthermore, the UPPCB (Uttar Pradesh Pollution Control Board) has also relaxed the strict standards for the manufactures of oxygen kits during this pandemic period.
Who are Dominating Players in Portable Oxygen Kit Market:
According to the report the global portable oxygen kit market is estimated to experience significant growth after the coronavirus pandemic. New entrants and some of the top players including,
- Invacare Corporation.
- Teijin Aramid B.V
- O2 CONCEPTS, LLC.
- Koninklijke Philips N.V.
- Inogen, Inc.
- DeVilbiss Healthcare LLC
- Worthington Industries
- Inova Labs Inc.
- Nidek Medical Products, Inc.
- Chart Industries, Inc. are likely to have rewarding opportunities for market growth in coming years.
Check and confirm their developments and strategies https://www.researchdive.com/download-sample/214
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