According to a new report by UnivDatos Market Insights, the Portable Oxygen Concentrators Market was valued at USD 2 Billion in 2023 by growing at a CAGR of ~8%. To enable growth and penetration in the portable oxygen concentrator industry, ongoing advancements in portable oxygen concentrator technology are necessary to enhance device alacrity, battery power, foldability, and convenience to the user. Also, manufacturers work on modern attributes to improve the patient's comfort and ease of use.