Oxygen Therapy Devices Market top companies and growth factors details for business development at a CAGR of 8.6%.

The Global Oxygen Therapy Devices Market was valued at USD 2.54 billion in 2018 and is expected to reach USD 4.92 billion by the year 2026, at a CAGR of 8.6%. Oxygen Therapy Devices are used to provide an oxygen supplement to the patients experiencing deprivation of oxygen in their bodies.

The diseased conditions like asthma, chronic obstructive pulmonary diseases, cystic fibrosis, and other respiratory agonies cause the patient to be deprived of oxygen. Oxygen therapy devices include a complete focus upon either providing oxygen supplements or liquid concentrates, which can be directly incorporated through nostrils.

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The crucial primary driver of oxygen therapy devices is the growing prevalence of lung disorders, an increase in the use of tobacco for smoking, hike in the rate of air pollution in the environment. According to the National Institutes of Health, nearly 12 million adults are diagnosed with COPD in the U.S., and 120,000 people die each year. Furthermore, according to the Global Asthma Network, asthma affects nearly 334 million people all across the world. Hence, oxygen therapy devices are found to obtain a steep rise in the regions, mainly in emerging economies where industrialization is observed during recent years.

In market segmentation by manufacturers, the report covers the following companies:- Dickinson and Company (U.S.), Philips Healthcare (Netherlands), Linde Chart Industries, Inc. (U.S.), Invacare Corporation (U.S.), Smiths Medical (U.S.), Fisher & Paykel Healthcare Corporation Limited (New Zealand), Taiyo Nippon Sanso Corporation (Japan), Inogen, Inc. (U.S.), DeVilbiss Healthcare (U.S.), Essex Industries, Inc. (U.S.), HERSILL, S.L. (Spain), GCE Holding AB (Sweden), Allied Healthcare Products Inc. (U.S.), and Medicop D.O.O. (Slovenia).

The athletes are also the target market for the therapy since the body uses the maximum level of oxygen at the time of running, exercising, and other physical heavy workouts. The endurance is observed to get improved when athletes are given oxygen therapy for the necessary time. The growing need for such activities is expected to propel the growth of the market in the near future. The increasing awareness for the pre-diagnostic tests is propelling the market growth during the forecast period. A recent advancement is made concerning the adjustment knobs for required oxygen concentrations getting incorporated in the pediatric patients. Also, the innovation brought forward for the skin irritation issue faced by most of the patients after long term use of the tubes, the tubes are now installed latex-free, and hence this would increase the demand of the product in the forecast years. However, low-cost manufacturers, stringent government guidelines for the quality of oxygen therapy devices, and recalls associated with it is expected to impede the growth of the industry.

For the purpose of this report, Reports and Data has segmented the Oxygen Therapy Devices market on the basis of product, portability, application, end-use and region:

Product Outlook (Revenue in Million USD; 2019-2026)
Oxygen Source Equipments
Oxygen Delivery Devices
Others

Portability Outlook (Revenue in Million USD; 2019-2026)
Standalone/Table-top
Portable

Application Outlook (Revenue in Million USD; 2019-2026)
Asthma
COPD
Pneumonia
Cystic fibrosis
Respiratory Distress Syndrome
Sleep apnea
Dysplasia Pacific
Others

End-Use Outlook (Revenue in Million USD; 2019-2026)
Hospitals
Clinics
Rehabilitation Centers
Home Health Care
Others

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Regional Outlook (Revenue in Million USD; 2019-2026)
North America
Europe
Asia Pacific
Middle East & Africa
Latin America

Further key findings from the report suggest

According to the National Institutes of Health, it is estimated that each year in the United States, about 12 million adults have been diagnosed, and also approximately 120,000 people die due to extreme Chronic Obstructive Pulmonary Diseases' symptoms. Furthermore, the growth in the demand for portable oxygen therapy devices would drive the market.

According to the Global Asthma Network (GAN), it is estimated that asthma affects nearly 334 million people globally. Moreover, the need for therapy for asthma is found to increase, hence the demand for Oxygen Therapy Devices is expected to grow in the coming years.

Canned oxygen containers are also brought up in the market as a recent advancement due to the growing need for portable devices and even hike in demand for Home Care Settings for patients suffering from chronic lung disorders. This is expected to fuel market growth in the near future.

The use of the tubes which are inserted into the nostrils for oxygen pumping directly into the nose causes irritation on the skin area, which is unacceptable. The growing need to ensure that the patient is compatible with the current therapy given would propel the growth of such innovations.

Venturi masks are the recent advancements in the Oxygen Therapy Devices, which allows the appropriate mixing of the oxygen and air for proper intake of the required therapy.

According to the World Health Organization, more than 8.9 million Americans were diagnosed with chronic bronchitis, and nearly 75% of cases involved people over the age of 45. The growing incidence of chronic bronchitis is expected to increase the demand for the devices.

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The report charts the future of the Oxygen Therapy Devices Market for the forecast years from 2019 to 2026. The perfect balance of information on various topics, coupled with the sudden rise in the levels of disposable income, end-use, distribution channels, and other factors add great value to this literature. A combination of charts, graphics images, and tables offers more clarity on the overall study. Researchers behind the report also explore the customers' interest in purchasing products and services from immediate industry rivals.

There are chapters to cover the vital aspects of the Global Oxygen Therapy Devices Market.

Chapter 1 covers the Oxygen Therapy Devices Introduction, product scope, market overview, market opportunities, market risk, market driving force;

Chapter 2 talks about the top manufacturers and analyzes their sales, revenue and financial strategies for the years 2018 and 2019;

Chapter 3 scrutinizes the competitive nature of the market by discussing the competition among the top manufacturers. It classifies the market by referring to sales, revenue, and market share data for 2016 and 2017;

Chapter 4, shows the global market by geographical regions and the contribution of each region to the global landscape based on sales, revenue and market share of Oxygen Therapy Devices, for the period 2019-2026;

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