Latest published report on the Oxygen Therapy market, found on the Qualiket Research website revealed a great deal about various market dynamics. These driving factors influence the market from a very miniscule level to its holistic standard and can traverse limitations to assist the market achieve a significant growth rate over the analysis period of 2020-2027.
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Oxygen therapy is defined as the treatment which provided to patient in medical condition. It can help to get enough oxygen to patients. This therapy is widely used to treat various diseases such as COPD, Obstructive Sleep Apnea, Asthma, Respiratory Distress Syndrome, and Pneumonia. Also, rise in prevalence of acute as well as chronic diseases results into critical need for the oxygen therapy equipments.
Rise in incidences of COPD with increasing demand for home healthcare are considered as key driving factors which are expected to boost the global oxygen therapy market growth. For instance, as per the National Institute of Health data, around 12 million adults have been diagnosed with chronic obstructive pulmonary disease in Unite State, and around 120,000 deaths are recorded every year. The rise in patient population is expected to fuel the demand for these products over the forecast period. Furthermore, increase in demand for technologically advanced oxygen source and delivery devices due to its unique feature including efficient patient care is further projected to propel the growth of oxygen therapy market across the globe. Moreover, increase in popularity and adoption of on-demand portable oxygen concentrators in wide range of applications like emergency medicine which is expected to drive the demand during this forecast timeline.
Stringent rules and regulations causing delays in product approvals is the major restraint which is expected to hinder the global oxygen therapy market growth. Also, easy availability of low cost alternatives by local key players which is expected to obstruct the global oxygen therapy market growth over the forecast period.
Market Key Players
Various key players are discussed in this report such as GE Healthcare, Care Fusion Corp., Smiths Medical, Allied Healthcare Products, Fisher & Paykel Healthcare Limited, Teleflex Incorporated, MAQUET Medical Systems, De-Vilbiss Healthcare, Hersill, Philips Respironics, Inc., and Invacare Corporation.
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By Product Type
- Oxygen Source Equipment
- Oxygen Concentrators
- Oxygen Cylinders
- Liquid Oxygen Devices
- Oxygen Delivery Devices
- Simple Oxygen Mask
- Venturi Mask
- Nasal Cannula
- Non- rebreathe Mask
- CPAP Mask
- Obstructive Sleep Apnea
- Respiratory Distress Syndrome
By End Use
- Home Care
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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