Global Oxygen Therapy Devices Market: Segment Snapshot and Table of Content (2015-2023)

North America Oxygen Therapy Devices Market: Increasing Prevalence of Respiratory Diseases to Create Growth Opportunities, Says TMR

According to TMR’s estimations, the opportunity in the market for oxygen therapy devices in North America, which was US$1.0 bn in 2014, is anticipated to rise at a CAGR of 5.50% during the period from 2015 to 2023 and reach a value of US$1.58 bn by the end of the forecast period.

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The global Oxygen Therapy Devices Market is segmented on the basis of product type, application, Geography.

Based on product, the North America oxygen therapy devices market is classified into oxygen delivery devices and oxygen source equipment. The oxygen delivery devices market is further categorized into bag valve masks, nasal cannula, simple oxygen masks, non-rebreather masks, venturi masks, and CPAP (continuous positive airway pressure) masks. The venturi masks segment is estimated to register a CAGR of more than 7.0% during the same period. High accuracy along with minimum discomfort are stirring up the demand for these masks.

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On the basis of geography, the oxygen therapy devices market in North America is divided into the U.S. and Canada. The U.S. will continue to account for the lion’s share until 2023. The growing prevalence of COPD among the populace is one of the primary factors contributing to the dominance of the country. The American Lung Association ranks COPD third in the causes of death in the U.S., with 11 million people diagnosed with this disease in 2013. The rising awareness regarding the availability of treatment for several chronic respiratory disorders and increasing demand for technologically advanced devices are also fuelling the growth of the market in the U.S.

Summary of Table of Content

1. Preface
2. Executive Summary
3. Industry Analysis : North America Oxygen Therapy Devices
4. Market Segmentation – By Product Type
5. Market Segmentation – By Application
6. Recommendations
7. Company Profiles

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This release was published on openPR.