Oxygen Therapy Equipment Expected to Surge Growth at a CAGR of 9% by 2024 | Key Vendors are Linde Healthcare, Invacare Corporation, Philips Healthcare, Chart Industries, Becton, Dickinson and Company, Teleflex Incorporated

Market Outlook:
Global Oxygen Therapy Equipment Market accounted to USD 2.61 billion in 2016 which is accounted to grow at a CAGR of 9.0% during the forecast period of 2017 to 2024.

The growing inclination of patients towards home healthcare will drive the growth prospects for the global Oxygen Therapy Equipment market until the end of 2024. The modern medicine and improvement in healthcare services and devices to manage respiratory diseases from home have propelled the demand for Oxygen Therapy Equipment in the market. For instance, home oxygen therapy (HOT) devices are suitable for people with mild to moderate respiratory disorders like chronic obstructive pulmonary disease (COPD) and asthma, whereas, PAP devices are suitable for people with obstructive sleep apnea (OSA) as they are employed in a familiar home setting. Furthermore, some of the major factors responsible for the growing demand of these devices and healthcare services is the reduction in healthcare expenditure and growing geriatric population who prefer home care over hospital stays.

In terms of geography, the Americas accounted for the majority market share during 2016 and will continue to dominate the market for the next four years. Some of the major factors responsible for the market’s growth in the region is the rise in disposable income, growing awareness about the availability of various treatment options for OSA and RDS, and innovative product launches for oxygen support care systems.

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Top Industry Players:

This report studies the global Oxygen Therapy Equipment market, analyzes and researches the Oxygen Therapy Equipment development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like
• Linde Healthcare (Germany),
• Invacare Corporation (U.S.),
• Philips Healthcare (Netherlands),
• Chart Industries, Inc. (U.S.),
• Becton, Dickinson and Company (U.S.),
• Teleflex Incorporated (U.S.),
• Smiths Medical (U.S.),
• Fisher & Paykel Healthcare Corporation Limited (New Zealand),
• Drägerwerk AG & Co. KGaA (Germany),
• Inogen, Inc. (U.S.),
• Messer Medical Austria GmbH (Germany),
• HERSILL, S.L. (Spain),
• GCE Holding AB (Sweden),
• Allied Healthcare Products Inc. (U.S.),
• Respan Products Inc. (Canada),
• DeVilbiss Healthcare (U.S.) among others.

KEY BENEFITS
• An in-depth analysis of various regions would provide a clear understanding of current and future trends so that companies can make region specific plans
• Comprehensive analysis of the factors that drive and restrict the growth of the Oxygen Therapy Equipment market is provided
• Key regulatory guidelines in various regions which impact the small Oxygen Therapy Equipment market are critically examined
• Deep dive analysis of various regions provides insights that would enable companies to plan their business moves strategically
• Value chain analysis in the report gives a clear understanding of the roles of the stakeholders involved in the supply chain of the Oxygen Therapy Equipment market

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Market Segments:
• On the basis of product, global oxygen therapy equipment market is segmented into oxygen source and delivery devices. Oxygen source is further segmented into concentrator and cylinder. Oxygen source equipment is expected to dominate the market in the forecast period 2017-2024 due to increasing incidence of respiratory disorders and technological advancements.
• On the basis of portability, global oxygen therapy equipment market is segmented into stationary and portable. Stationary devices segment is expected to account the largest market in the forecast period due to respiratory disorders and increasing geriatric population.
• On the basis of application, global oxygen therapy equipment market is segmented into chronic obstructive pulmonary disease (COPD), asthma, cystic fibrosis and pneumonia.
• On the basis of end user, global oxygen therapy equipment market is segmented into hospital as,
Based on geography, the Global Oxygen Therapy Equipment Market is segmented into 5 geographical regions, such as,
• North America,
• South America,
• Europe,
• APAC,
• MEA .

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