The refers to the industry that focuses on producing and distributing portable devices that provide oxygen therapy to individuals with respiratory conditions or those in need of supplemental oxygen. These kits are designed to be compact, lightweight, and user-friendly, allowing individuals to carry them conveniently and use them both at home and on the go.
The market is increasing and is expected to reach US$33.4 Bn by 2031. This industry growth is expected to be driven by the increase in the aging population. As individuals age, the risk of developing respiratory conditions such as chronic obstructive pulmonary disease (COPD) or other lung diseases increases.