Oxygen Therapy Equipment Market to Grow at at 8.7% CAGR to Reach US$ 4.01 Billion by 2022

The report analyses the oxygen therapy equipment market by products, portability, applications, end users, and regions. Apart from comprehensive geographic &product analysis and market sizing, the report also provides a competitive landscape that covers the growth strategies adopted by industry players over the last three years.

Global oxygen therapy equipment market is expected to reach USD 4.01 billion by 2022, at a CAGR of 8.7% from 2017 to 2022. The major factors driving this market are the rising incidence of respiratory disorders, growing geriatric population, high proportion of tobacco smoking, inclination towards home-based oxygen therapy, and technical innovations.

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Oxygen therapy equipment market segmented based on end users into home care settings, hospitals, and ambulatory surgical centers (ASCs) & physician offices. In 2017, home care settings segment is expected to command largest share & estimated to grow at fastest rate as compared to other segments. This can be attributed to technological developments to develop user-friendly devices & rising usage of home-based therapy, particularly in developed countries across North America & Europe.

The overall market size was used in the top-down approach to estimate the sizes of other individual markets (mentioned in the market segmentation by product, portability, application, end user, and region) through percentage splits from secondary and primary research. The bottom-up approach was also implemented (wherever applicable) for data extracted from secondary research to validate the market segment revenues obtained.

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Oxygen therapy equipment market segmented into chronic obstructive pulmonary disease (COPD), asthma, respiratory distress syndrome, cystic fibrosis, pneumonia, & diseases/disorders, on basis of applications. COPD accounts for largest segment & is also fastest growing application segment in the market. Cases of COPD are rising across globe due to factors like proliferation of tobacco smoking and increase in geriatric population, which is in turn driving growth of this segment.

The key players in the oxygen therapy equipment market include Philips Healthcare (Netherlands), Linde Healthcare (Germany), Chart Industries, Inc. (U.S.), Invacare Corporation (U.S.), Becton, Dickinson and Company (U.S.), Smiths Medical (U.S.), Drägerwerk AG & Co. KGaA (Germany), Teleflex Incorporated (U.S.), Fisher & Paykel Healthcare Corporation Limited (New Zealand), Taiyo Nippon Sanso Corporation (Japan), Inogen, Inc. (U.S.), Heinen + Löwenstein GmbH & Co. KG (Germany), DeVilbiss Healthcare (U.S.), Essex Industries, Inc. (U.S.), HERSILL, S.L. (Spain), Weinmann Emergency Medical Technology GmbH + Co. KG (Germany), Messer Medical Austria GmbH (Germany), TECNO-GAZ S.p.A (Italy), HUM - Gesellschaft für Homecare und Medizintechnik mbH (Germany), medicap homecare GmbH (Germany), GCE Holding AB (Sweden), Allied Healthcare Products Inc. (U.S.), Medicop D.O.O. (Slovenia), Andreas Fahl Medizintechnik-Vertriebs GmbH (Germany), and Respan Products Inc. (Canada).

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Oxygen therapy equipment market is classified on the basis of products into oxygen source equipment and oxygen delivery devices. Oxygen source equipment segment is expected to grow at a higher rate during the forecast period. This is attributed to industry players developing innovative products which are small, quiet, & effective leading to higher acceptance from consumers.

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