Global Medical Oxygen Systems Market Analysis Report, Regional Outlook with Key Players – Cryofab, Respironics, Atlas Copco, Terumo Medical, Keen Compressed Gas, Invacare

Coherent Market Insights has announced the addition of the “Global Medical Oxygen Systems Market Size Status and Forecast 2026”, The report classifies the global Medical Oxygen Systems Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.

This report studies the global Medical Oxygen Systems Speaker market, analyzes and researches the Medical Oxygen Systems Speaker development status and forecast in North America, Europe, Asia Pacific, Latin America and Rest of the World. This report focuses on the top players in global market, like Cryofab, Respironics, Medtronic, Atlas Copco, Terumo Medical, Keen Compressed Gas, Inogen, GF Health Products, and Invacare

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Medical oxygen systems are prescribed to the patients as a part of oxygen therapy to the patient population suffering from chronic or acute respiratory malfunctions and disorders. Oxygen therapy is also given to children to curb the diseases including cystic fibrosis, congenital heart diseases and severe asthma. The medical oxygen systems provides life support especially to the aging population suffering from respiratory disorders. The other benefits provided by the medical oxygen systems include reduction in fatigue, improving sleeping patterns in sleep apnea cases and easing tightness of breathe. The emergency supply system, redundant tank system and portable systems are the commonly used systems in the healthcare facilities to ensure continuous oxygen supply.

Medical oxygen systems are equipment ranging in various sizes containing oxygen. The stored oxygen is obtained in compressed, concentrated or liquid form. Medical oxygen systems are the integral factors supporting life systems in the healthcare facilities. The supplemental oxygen is delivered to the patient via oxygen mask. These systems are used to aid cardiovascular stability, restore tissue oxygen tension by improving oxygen availability, provide basis for the modern anesthetic techniques.

The medical oxygen systems market is expected to gain steady traction in the foreseeable future, as the devices finds application across a wide number of healthcare facilities. Manufacturers are focused on producing ultra-lightweight cylinders. For instance, the ultra-lightweight oxygen cylinders are portable devices manufactured by Luxfer and Boschi Italy, offering cost effective oxygen cylinders that are 30% lighter than conventional cylinders. Patient-driven system design and embedded valve regulatory technology by developing light weight portable oxygen systems.

Market Growth

The increasing prevalence of chronic obstructive pulmonary diseases is the major factor driving the global medical oxygen systems market. According to the Department of Economic and Social Affairs Population Division 2013, the global geriatric population is set to reach over 2 billion by 2050 from 800 million in 2012. The geriatric population is at a higher risk of acquiring respiratory diseases like fibrosis, pulmonary hypertension and asthma. Additionally, the rising preference of interventional cardiologists for nonsurgical procedures, technological innovations and significant growth of the portable oxygen concentrators is expected to drive the growth of the medical oxygen systems market in North America and Western Europe over the forecast period. However, expensive product costs and stringent FDA regulations for the approval of new systems are the restraining factors for the global medical oxygen systems market.

The growing consumer awareness for oxygen therapy devices, investments by manufacturers for the production of homecare products and adoption of innovative technologies is expected to rise the global medical oxygen systems market. According to the Centers of Disease Control and Prevention statistics in 2017, around 1.9 million physician office and outpatient visits are recorded with the people suffering from heart disease in the U.S. North America is expected to dominate the global medical oxygen systems market owing to increasing prevalence of COPD, changing consumer lifestyles, increased government expenditures for research and development on cost-effective oxygen devices. The innovative portable and ultra-light oxygen concentrator separates nitrogen and oxygen from the environmental air providing 95% pure oxygen to patients. Portable oxygen concentrators are largely used by travelers and mountaineers in regions of inadequate oxygen supply, thereby fueling growth of the medical oxygen systems market.

Global Medical Oxygen Systems Market, By Product Type:

Compressed Oxygen Cylinder
Oxygen Concentrator
Liquid Oxygen System

Global Medical Oxygen Systems Market, By Modality:

Portable Oxygen Cylinder
Stationary/ Standalone Oxygen System

Global Medical Oxygen Systems Market, By End User:

Hospitals
Emergency Medical Centers
Ambulatory Surgical Centers
Home Care Settings
Others

What Information does this report contain?

-Historical data coverage: 2013 to 2017; Growth Projections: 2018 to 2026.
-Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
-6-7 year performance forecasts: major segments covering applications, top products and geographies.
-Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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The rising number of patients requiring ambulatory services, increasing prevalence of untreated obstructive sleep apnea, rising per capita healthcare spending and ease in access to healthcare services boost the medical oxygen devices market in Asia Pacific. According to the annual global road crash statistics, 20-50 million people are injured or disabled, with 1.3 million deaths recorded each year. Also, the road fatalities account for a total US$ 65 billion, exceeding the amount of developmental assistance.

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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This release was published on openPR.