Oxygen Therapy Devices Market Strong Growth Pace of 2023 - Phillips Healthcare, Medtronic, 3B Medical, 3M Healthcare Etc.

Acknowledging the kind of traction, this market perceives currently, Market Research Future (MRFR) in its recently published study report asserts that the global oxygen therapy device market is expected to reach USD 15 BN by 2023; registering approximately 12% CAGR throughout the review period (2017 to 2023). In the year 2016, the market had valued at USD 8 BN which means that the market will garner a growth of almost two-fold.

Global Oxygen Therapy Device Market - Key Players

There are various local and global players who manufacture devices for oxygen therapy. However, we have profiled some of the major players which are Phillips healthcare, Devilbiss Healthcare, Cardinal Healthcare, Respironics, Salter Labs, Masimo Corporation, Carefusion, Teflex, Bio Med, Fisher & Paykel Healthcare Limited, Inogen, O2 Concepts, Smith medicals, Medtronic, 3B Medical, 3M Healthcare and many more.

Latest Industry News:

November 01, 2018 – Fisher & Paykel Healthcare (New Zealand), a manufacturer, designer and marketer of products and systems for use in respiratory care announced the availability of its new Enter nasal high-flow therapy device -Airvo for the home setting. Airvo delivers warm, humid air at a set flow to liquefy debris in the upper airway and help patients cough that material out or swallow.

Get Sample Report @ https://www.marketresearchfuture.com/sample_request/2923

Airvo was debuted in the hospital setting earlier, however, after learning from the respiratory care field about the inconvenience a wide variety of patients facing issues with secretion mobilization and discovering that in some conditions, many patients need help clearing their upper respiratory system so that they can achieve better alveolar ventilation, Fisher & Paykel Healthcare decided to bring the compact, and lightweight Airvo into the home setting.

ResMed has released the data from two clinical studies which explore the combination of home oxygen therapy and non-invasive ventilation therapy for patients who suffer from persistent hypercapnia following chronic obstructive pulmonary disorder exacerbation. The studies found that combined therapy proved to be highly cost efficient and it was found that the exacerbation frequency reduced greatly.

Global Oxygen Therapy Device Market – Overview

Oxygen Therapy Devices are used in oxygen/ supplemental oxygen therapy used for the treatment of certain medical conditions. The primary goal of oxygen therapy device is to maintain targeted SpO2 levels through the provision of supplemental oxygen safely and effectively which infants and children too can tolerate.

Growing prevalence of respiratory diseases drives the market growth of oxygen therapy devices, creating a massive demand across the world. Moreover, the huge amount of benefits these oxygen therapy devices offer to the patients of asthma, heart diseases, and other respiratory issues are escalating the market on the global heights.

Additional factors supporting the market growth include increasing focus on healthcare among individuals and the awareness about the healthy lifestyle. Moreover, the significant growth in home healthcare is pushing up the demand for these devices. Furthermore, the miniaturization of these devices is one of the major emerging trends contributing to the market growth, globally.

The growing prevalence of lifestyle-related disorders such as obesity and chronic lung diseases are fueling the demand for oxygen therapy devices. On the flip side, factors such as delayed regulatory approvals are obstructing the market growth of the global oxygen therapy devices market.

Global Oxygen Therapy Device Market – Segments

The Global Oxygen Therapy Market has been segmented on the basis of types of products, application, end-users, and region.

By Types Of Products, the market has been segregated into non-re-breather mask, incubators, continuous positive airway pressure, liquid oxygen device, hyperbaric oxygen chamber, nasal cannula, cylinder, concentrators, and oximeter.

By Application, the market has been divided to include hypoxia, heart diseases, sleeping apnea, lung diseases, chronic obstructive pulmonary diseases (COPD), respiratory issues and others. Out of these, chronic obstructive pulmonary disorders possess the largest share of the market due to their extensive applications for treatment of the same.

By End-Users, the market has been segregated into hospital, clinics, and patients.

By Region, the global market is divided into the Americas, Europe, Asia-Pacific (APAC) and the Rest of the World (RoW)

Browse Complete 80 Pages Premium Research Report Enabled with Tables and Figures @ https://www.marketresearchfuture.com/reports/oxygen-therapy-device-market-2923

Global Oxygen Therapy Device Market - Regional Analysis

Depending on geographic region, Oxygen therapy device market is segmented into four key regions: Americas, Europe, Asia Pacific, and Rest of the world. Where America is the largest market for the oxygen therapy devices because of the various development in the home-based therapy. Another reason is the lifestyle of the people in developed countries. Europe is the second largest region where the home-based oxygen therapy is adopted. Asia-Pacific is the fastest growing region for the oxygen therapy device market. The major reason can be countries like China and India are changing their trends towards the healthcare and are adopting to the advanced technology in the healthcare industries.

Further the oxygen therapy market is expected to be high in the Asia-Pacific region due to the increasing population, increasing number of the diseases due to the behavioral and lifestyle changes in the people. As well as the countries are spending more on the healthcare, which is leading to the adoption of the advanced technology.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: salesteam@marketresearchfuture.com

This release was published on openPR.