Oxygen Therapy Devices Market Forecast Report Global Analysis, Statistics, Revenue, Demand and Trend Analysis Research Report by 2027

The need of the hour is to obtain a relief therapy for the lungs related diseases, Government awareness and initiatives for improving quality of life, increase in incidences of diseases are key factors contributing to high CAGR in the forecast period.
Market Size – USD 2.54 Billion in 2019, Market Growth - CAGR of 8.6%, Market Trends– Advancements in Oxygen Therapy Devices platform and improved regulations for therapy.
According to the current analysis of Reports and Data, the global Oxygen Therapy Devices market was valued at USD 2.54 billion in 2019 and is expected to reach USD 4.92 billion by the year 2027, 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.
Disease 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. Prominent 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 across the globe. 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.

Key companies profiled in the report include
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).

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The report is an investigative study that determines market growth and market scope on the basis of market trends, consumer behavior shifts, consumption and production patterns, product portfolio offered by the market, growth rate, drivers and constraints, financial positions, and existing challenges and limitations of the Oxygen Therapy Devices market.
The report discusses in detail the global production capacity, demand and supply ratio, market dynamics, and comprehensive analysis of the competitive landscape. It provides an industry-wide analysis of the market share of each players along with their business portfolio, production and manufacturing capacity, product portfolio, business expansion plans, financial standing, and strategic alliances such as mergers and acquisitions, joint ventures, and collaborations, among others.

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The regional bifurcation of the market analyzes key market segments such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report discusses in detail the market growth, market size, revenue growth, market share, production and consumption, demand and supply, current and emerging trends, and technological developments in each region.

The key geographical regions analyzed in the market report are:
• North America (U.S.A., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• AsiaPacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Oxygen Therapy Devices Market Segmentation based on Types:
Product Outlook (Revenue in Million USD; 2017–2027)
• Oxygen Source Equipments
o Oxygen Concentrators
o Oxygen Cylinders
o Liquid Oxygen Containers
o Hyperbaric Oxygen Chambers
• Oxygen Delivery Devices
o Nasal Cannulas
o Oxygen Masks
o Bag-valve masks
o Face masks
o Venturi Masks
o Non- breather masks(adjustable)
• Others
Portability Outlook (Revenue in Million USD; 2017–2027)
• Standalone/Table-top
• Portable
Application Outlook (Revenue in Million USD; 2017–2027)
• Asthma
• COPD
• Pneumonia
• Cystic fibrosis
• Respiratory Distress Syndrome
• Sleep apnea
• Dysplasia Pacific
• Others
End-Use Outlook (Revenue in Million USD; 2017–2027)
• Hospitals
• Clinics
• Rehabilitation Centers
• Home Health Care
• Others

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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. As the need for therapy for asthma is rising, the demand for Oxygen Therapy Devices is expected to grow in the coming years.
• Use of OxyMask face mask for oxygen delivery includes a small ‘diffuser’ to concentrate and direct oxygen toward the mouth and nose. Its market is expect to rise owing it to its increasing use by the Patients with severe lung disease often require supplemental oxygen.
• According to the World Health Organization, more than 8.9 million Americans were diagnosed with chronic bronchitis, and majority of cases in elderly. The growing incidence of chronic bronchitis is expected to increase the demand for the devices.
• 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.

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