Oxygen Therapy Devices Market to Rise with a Strong CAGR of 5.5% by 2023
View Report: https://www.transparencymarketresearch.com/north-america-oxygen-therapy-devices-market.html
According to TMR, the North American oxygen therapy devices market will be worth US$1.58 bn by 2023. On the basis of product, the oxygen concentrators within the oxygen source equipment segment is witnessing a high demand. The venturi mask within the oxygen delivery devices segment is also enjoying high demand as compared to other products. This is because venturi masks offer reduced discomfort and high accuracy. Both these segments are expected to continue to enjoy and increasing demand during the forecast period.
Request a Sample of the Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=9221
Staggering Increase In Incidences of COPD to Drive US at the Forefront
On the basis of geography, the US emerged as a clear winner and is expected to continue to hold the lion’s share in the market for oxygen therapy devices. Rapid rise in the incidences of chronic obstructive pulmonary diseases among the people in the US will fuel the growth of the market in the US. Canada is also expected to offer lucrative opportunities of growth within the oxygen therapy devices market. The growth of the Canadian oxygen therapy devices market is attributed to the rising population of aged people.
Government Initiatives to Produce Reliable and High Impact Solutions for Asthma Control to Positively Impact Market
One of the key factors driving the growth of the North America oxygen therapy devices market is the rising awareness regarding the availability of treatment for various chronic respiratory disorders. North America is known to quickly accept and adopt advanced technology and this is also favouring the growth of the oxygen therapy devices Market in the region. Government initiatives are also playing an important role for the growth of this market. The government in North America is striving to launch programs which creates awareness regarding respiratory diseases as well as aims to produce reliable solutions having high-impact for controlling asthma and other respiratory diseases in the US. This will boost the overall market for oxygen therapy devices in North America.
Increase in Population of Aged People Prone to Respiratory Diseases to Drive Growth Prospects of Market
According to statistics 5,780,900 people in Canada aged 65 and above are vulnerable to respiratory diseases. This is expected to drive the growth prospects of the oxygen therapy devices Market in North America. The region also witnesses an increasing adoption of premium-priced oxygen therapy devices which will give an impetus to the growth of the market. Increasing prevalence of COPD, which is expected to become the third largest reason for death by 2020 will also drive the oxygen therapy devices market.
Rising Inclination Of Patients To Use Refurbished Equipment To Hamper Growth Of Oxygen Therapy Devices Market
Increasing incidences of obstructive sleep apnea, respiratory distress syndrome, and asthma are propelling the demand for oxygen therapy devices in North America. One of the trends witnessed in North America is the growing preference for home health care as a result of constantly upgrading technology and innovation, which is expected to provide a fillip to the market. On the other hand, patients are increasingly inclined towards refurbished equipment in order to save money. This is because oxygen therapy devices are expensive. A lack of favourable reimbursement policies may also impact the growth of the oxygen therapy devices market.
Request a Brochure of the Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=9221
The information in this preview comes from a Transparency Market Research report titled ‘Oxygen Therapy Devices Market (Product Type: Oxygen Source Equipment & Oxygen Delivery Devices; Applications: Chronic Obstructive Pulmonary Disease, Asthma, Obstructive Sleep Apnea, Respiratory Distress Syndrome, Cystic Fibrosis, Pneumonia) – North America Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA – Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Oxygen Therapy Devices Market to Rise with a Strong CAGR of 5.5% by 2023 here
News-ID: 1226347 • Views: 213
More Releases from Transparency Market Research
Image Guided Surgery Devices Market Analysis and Research Report by Experts 2025
The global image guided surgery devices market is directly reliant on the development of healthcare across various regional longitudes of the world. As the healthcare industry make rapid advancements across a number of its sub-domains, the market for global image guided surgery devices would see the entry of new players into the market. The competition is expected to intensify in the coming years and wreak the need for proper strategizing
Laboratory Centrifuge Market Growth, Trends and Demands Research Report and Fore …
The players in the worldwide laboratory centrifuge market are concentrating on item launch with a technological distinction. The focused scene is broadly divided because of solid emergence of a few players. Organizations are likewise foreseen that they would concentrate on clinical trials, joint ventures, research and development, mergers, and acquisitions to stay in ahead of the opposition. A portion of the main players in the worldwide laboratory centrifuge market are
Surgical Drapes Market Competitive Strategies, Regional Analysis Forecast 2024
The global surgical drapes market exhibit the presence of several tier 1, tier 2, and tier 3 companies. This is indicative of a highly competitive vendor landscape. According to a new study by Transparency Market Research (TMR), some of the prominent companies operating in the global surgical drapes market have resorted to strategies such as product differentiation, aggressive pricing, and product upgrades to buoy competitive strength. Besides these, several companies
Heparin Market Precise Analysis on Business Overview, Product Scope And Ongoing …
The global heparin market is expected to become progressively competitive over the forthcoming years. This is due to the strengthening position of the leading market players in the global market for heparin. Several initiatives have been taken by the leading market players to retain their strong foothold over the market. Intensive research and development along with effective marketing hacks have been the key highlights of the business strategy of the
More Releases for North
Agrochemicals Market in North America
ReportsWorldwide has announced the addition of a new report title North America: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “North America: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the
North American Surgical Gowns Market
The North American Surgical Gowns Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. The global surgical apparels market is growing at a significant rate due to increasing number of surgeries, and technological advancement in the field. Some of the surgical apparels available
Web Design in North London
Darcy Developments has moved to the West Hampstead area of North London. Originally based in Manchester and building up a strong client base there, including the exclusive Manchester Grammar School, they have decided to up shop and make the move to the big city. They specialise in Web Design, with an emphasis on clean, simple layouts with a strong message associated with it. They also provide ecommerce solutions such as Paypal integration
The Jewel of the North
It is fair to say that Blackpool is a well known holiday destination not only in the UK and Ireland but also around the world, and is known as ‘The Jewel of the North’, or some refer to Blackpool as the ‘playground of the North, or even ‘Britain’s Las Vegas’. This ‘Jewel’ has much to offer the tourist, it is a very traditional English Victorian seaside town, boasting many attractions, such
LTC North India Tour Packages
LTC TOURS is one of well known travel tour operator among the tourist from all over the world, touring India, Thailand, Malaysia & Singapore, Srilanka, Dubai, London, Paris and more. Our one of the tour package is LTC North India Tour Packages in which we are exploring the complete beauty of North India like Delhi, Rajasthan, Bikaner, and Jaisalmer. In LTC North India Tour Packages, we cover Rajasthan culture, heritage, forts
ClickCulture Promotes North Carolina Worldwide
Race Team Sponsorship Includes North Carolina Flag Vehicle Wrap RALEIGH, N.C. (June 8, 2009)—ClickCulture Inc. (clickculture.com), a Raleigh-based Web technologies, design and integrated marketing firm, announces today its sponsorship of Creation Autosportif (creationsport.net). The sponsorship includes the North Carolina state flag graphically wrapped on Creation's Le Mans race car. The newly wrapped car will debut at the 77th running of the Le Mans 24 Hour race, held June 13 and 14