Oxygen Therapy Equipment Market 2020: Industry Size, Growth, Trends, Analysis, Opportunities, and Top Company Profiles

Oxygen Therapy Equipment Market Analysis

The global oxygen therapy equipment market is projected to grow at an 8.9% CAGR between 2018-2023, states the new Market Research Future (MRFR) report. Oxygen therapy equipment offers patients that extra oxygen which they need. Through a breathing tube, mask, or nasal prongs, the oxygen is directly transferred into their airway.

Numerous factors are adding to the growth of the global oxygen therapy equipment market. These factors, according to the latest Market Research Future report, include rising prevalence of smoking, growth in technological advances, increase in geriatric population, rising incidence of respiratory disorders, favourable reimbursement policies, rising healthcare expenditure, increasing preference for portable oxygen therapy equipment, increasing use of tele-monitoring, and increasing use of home-based oxygen therapy.

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On the contrary, availability of low-cost alternative therapies, side effects from such applications such as skin irritation and nasal dryness, the high price of oxygen concentrators, and strict regulations for product approval are factors that may impede the global oxygen therapy equipment market growth during the forecast period.

Oxygen Therapy Equipment Market Segmentation

The Market Research Future report provides a complete segmental analysis of the global oxygen therapy equipment market based on end users, application, portability, and product.

By product, the global oxygen therapy equipment market is segmented into oxygen delivery devices and oxygen source equipment. The oxygen delivery devices are again segmented into nasal cannulas, non-rebreather masks, oxygen masks, venture masks, bag valve masks, and others. The oxygen source equipment is again segmented into oxygen cylinders, liquid oxygen devices, and oxygen concentrators. Oxygen concentrators are again segmented into fixed oxygen concentrators and portable oxygen concentrators. Of these, the oxygen source equipment will have a major share in the market during the forecast period.

By portability, the global oxygen therapy equipment market is segmented into portable oxygen therapy devices and stationary oxygen therapy devices. Of these, the stationary oxygen therapy devices will lead the market during the forecast period.

By application, the global oxygen therapy equipment market is segmented into respiratory distress syndrome, pneumonia, COPD, asthma, cystic fibrosis, and others. Of these, COPD will dominate the market during the forecast period.

By end user, the global oxygen therapy equipment market is segmented into ambulatory surgical centers and physician offices, hospitals, home care settings, and others. Of these, home care settings will have the maximum share in the market during the forecast period.

Oxygen Therapy Equipment Market Regional Analysis

By region, the global oxygen therapy equipment market report covers the latest trends and growth opportunities across the Americas, Europe, the Asia Pacific (APAC), and the Middle East and Africa (MEA). Of these, the Americas will lead the market during the forecast period. Numerous factors are adding to the growth of the market in the region such as growing geriatric population, burgeoning demand for homecare, favourable reimbursement policies, presence of developed economies such as Canada and the US, and rising healthcare expenditure.

The global oxygen therapy equipment market in Europe will hold the second-largest share in the market during the forecast period for the huge patient population and rising support from the government for the healthcare sector.

The oxygen therapy equipment market in the APAC region will grow at a quick pace during the forecast period. Numerous factors are adding to the growth of the oxygen therapy equipment market in the region, such as rising healthcare expenditure, better adoption rate, advanced technology, and increasing government initiatives.

The oxygen therapy equipment market in the MEA will have a small share in the market during the forecast period for stringent government policies and the presence of poor economies in the African region. A good share of the market is held by the eastern region for huge healthcare expenditure and a well-developed healthcare sector.

Oxygen Therapy Equipment Market Key Players

Notable players profiled in the global oxygen therapy equipment market report include Medicop D.O.O, Messer Medical Austria GmbH, Esex Industries, Inc., Allied Healthcare Products Inc., Fisher & Paykel Healthcare Corporation Limited, Invacare Corporation, Teleflex Incorporated, Drägerwerk AG & Co. KGaA, Smiths Medical (A Division of Smiths Group PLC), Taiyo Nippon Sanso Corporation, Becton Dickinson and Company, Linde Healthcare (A Division of Linde Group), and Philips Healthcare (A Division of Koninklijke Philips NV).

Oxygen Therapy Equipment Industry News

November 2019: CAIRE, a leading oxygen supply manufacturer, recently has launched a portable oxygen concentrator- FreeStyle Comfort that comes with autoSAT technology. This technology will provide oxygen bolus consistently as the respiratory rate of the user changes through their day to day routine.

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Market Research Future

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