Global Oxygen Therapy Devices Market Value Share, Analysis and Segments 2018-2024
The Infinium Global Research analyzes the Oxygen Therapy Devices Market over the period of 2018 to 2024. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global oxygen therapy devices market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of oxygen therapy devices. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the oxygen therapy devices market during the period. The global oxygen therapy devices market is projected to grow at a CAGR of 5.4% over the forecast period of 2018-2024.
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Room air contains approximately 21% oxygen. This is normally enough for an individual to maintain adequate blood oxygen levels through normal respiration. However, some medical conditions result in lower oxygen saturation levels in the tissues of the body (hypoxia). In many cases, this can be overcome by supplying oxygen to the patient at a higher concentration than the ambient air contains. In addition, oxygen is often used during several surgical procedures. Oxygen can be delivered to the patient through tubing attached to a nasal cannula (prong), face mask, a face tent, or a tracheostomy mask.
Rising Chronic Obstructive Pulmonary Disease (Emphysema), Neuromuscular and Chest Wall Disorders, Cystic Fibrosis, Morbid Obesity are Expected to Widen the Consumer Base and Work as Driver for Oxygen Therapy Device Market
Increasing incidence of respiratory, breathing, lung diseases due to changing environment, lifestyle, and food consumption habits would lead to increase demand for cost-effective, rapid and accurate oxygen therapy devices. In addition, increasing awareness levels and demand for personalized & portable devices for emergency oxygen delivery is contributing towards the market growth. Also, improved reimbursement policies in many countries have propelled market growth. Furthermore, rising chronic obstructive pulmonary disease (emphysema), Neuromuscular and chest wall disorders, Cystic fibrosis, morbid obesity are expected to widen the consumer base and work as drivers for the oxygen therapy device market in the future. However, stringent safety regulations is the restraining factor of this market.
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North America Accounted for the Highest Market Share in the Oxygen Therapy Devices Market
North America accounted for the highest market share in the oxygen therapy devices market. Asia Pacific region is expected to be the fastest-growing CAGR region during the forecast period. The presence of a large population base and rising incidence of chronic diseases of respiration and lung diseases in these countries. Also, increasing demand for global medical facilities, raising awareness about the use of oxygen therapy devices among physicians or doctors, and growth in the demand for diagnostics are some major factors driving the growth in this region.
Oxygen Therapy Devices Market: Segmentation
The report on the global oxygen therapy devices market covers segments such as product types, applications and end-user. On the basis of product types the global oxygen therapy devices market is categorized into oxygen source equipment and oxygen delivery devices. On the basis of applications, the global oxygen therapy devices market is categorized into chronic obstructive pulmonary disease (COPD), asthma, obstructive sleep apnea, respiratory distress syndrome (RDS), cystic fibrosis, and pneumonia. On the basis of end-user the global oxygen therapy devices market is categorized into home care settings, hospitals, and ambulatory surgical centers & physician offices.
Key Players in the Oxygen Therapy Devices Market
The report provides profiles of the companies in the global oxygen therapy devices market such as, Teleflex Incorporated, Invacare Corporation, Chart Industries, Inc., Fisher & Paykel Healthcare Corporation Limited, Inogen, Inc., Philips Healthcare (A Division of Koninklijke Philips N.V.), Linde Healthcare (A Division of Linde Group), Becton, Dickinson and Company, Taiyo Nippon Sanso Corporation and Smiths Medical (A Division of Smiths Group PLC).
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- Comprehensive analysis of global as well as regional markets of the oxygen therapy devices.
- Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.