Press release
Oxygen Therapy Market : Global Overview, Share, Trends, Growth & Forecast by 2030
Oxygen Therapy Market
Oxygen therapy is an innovative and also a prominently adopted treatment for providing required oxygen to the patients suffering from hypoxemia. According to World Health Organization (WHO), air pollution was identified to be the cause of 2.2 million deaths in Asia Pacific region in the year 2016, wherein about 22% of the deaths were due to chronic obstructive pulmonary disease. Household air pollution was identified to be a major concern as about 40% of women and children were being constantly exposed to it. The oxygen therapy market vendors are proactively developing innovative solutions to cater to this growing demand.
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Key players functioning in Global Oxygen Therapy Market include:
• Teleflex Incorporated
• ResMed
• Inogen
• VitalAire
• DeVilbiss Healthcare
• amongst others.
Invacare Corporation, a U.S. based innovative medical technology company, is shaping its business strategy in order to offer cost effective solutions and is constantly bringing innovation in oxygen home healthcare solutions thereby improving quality living across diversified geographical regions including Asia pacific and other developed countries. Lack of availability of adequate infrastructure facilities coupled with limited skillsets to adopt advanced technologies is restricting the growth of the Global Oxygen Therapy Market across developing economies.
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More than 68% of oxygen therapy market was contributed by oxygen concentrators , owing to its portability feature and improved access to oxygen therapy. Home healthcare segment is anticipated to be the most attractive market over the forecast period owing to substantial adoption by geriatric and pediatric population in homecare settings. Asia Pacific is estimated to demonstrate the most lucrative market over the forecast period owing to the rise in prevalence of chronic obstructive pulmonary disease (COPD).
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Key Market Segments of Oxygen Therapy Market:
By Oxygen Source Equipment
• Oxygen Concentrators
• Compressed Oxygen Cylinders
• Liquid Oxygen Systems
By Oxygen Delivery Devices
• Oxygen Masks
• Bag Valve Masks
• Nasal Cannulas
• Venturi Mask
• Others
By End Users
• Hospitals & Clinics
• Home Healthcare
• Rehabilitation Centers
By Application
• COPD (Chronic Obstructive Pulmonary Disease)
• Asthma
• Sleep Apnea
• Respiratory Distress Syndrome (RDS)
• Cystic Fibrosis
• Pneumonia
• Others
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