Oxygen Hoods Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast - 2022 to 2028

The oxygen hoods market is anticipated to grow at a considerable CAGR of 5.4% during the forecast period (2022-2028). Oxygen hoods are the medical devices used by patients to support respiration if they feel difficulty in breathing. The major factor attributing to the growth of the global oxygen hoods market is the rising prevalence of chronic respiratory diseases across the globe. According to the World Health Organization (WHO), around 235 million people are suffering from chronic respiratory diseases around the globe. More than 3 million mortalities are caused due to asthma every year which represents6% of the total deaths occurred globally. Furthermore, the patients with Hypoxia are also drivingthe demand for oxygen hoods. Hypoxia is a disease in which an adequate amount of oxygen is not available to tissues requiring oxygen hoods to support the regulation of oxygen to the needed tissues.

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The rising prevalence of oxidative stress, a phenomenon caused by the imbalance of production and accumulation in oxygen reactive species (ROS) in cells and tissue in humans due to increased cardiovascular diseases across the globe, is also driving the growth of the global oxygen hoods market. According to a report published by the WHO in June 2021, around 17.9 million mortality occurs due to cardiovascular diseases representing 32% of global deaths.

In addition, the increasing demand for infant care after birth is also increasing the application of oxygen hoods. According to a report published by the WHO, around 47% of mortalities of infants occurred in 2019. Among these, one-third of this mortality occurs on the day of birth and close to three quarters in the first week of birth due to diseases and insufficient care including low oxygen. Thus, increasing the use of oxygen hoods for infant care for proper oxygen supply. Animals are also significant users of oxygen hoods. According to the World Organization for Animal Health (OIE), there are more than 50 wildlife diseases that affect livestock health. However, the animals are very hard to provide oxygen while treatment. Thus, increasing the application of oxygen hoods in animals while treatment.

Market Coverage

The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Patient
By Application
By End-user
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape-Natus Medical Inc., Fanem, Kruuse, Phoenix Medical Systems, and Farstar Medical GmbH, among others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Oxygen Hoods Market Report by Segment

By Type

Pediatric Patients
Adults
Animals

By Application

Chronic Respiratory Diseases
Hypoxia
Oxidative Stress

By End-user

Hospitals
Speciality Clinics
Home Use

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This release was published on openPR.