Oxygen Therapy Equipment Market to Significantly Increase Revenues Through 2023

Posted by Mangesh on May 15th, 2019

Oxygen therapy is a form treatment provided to a patient in a medical condition, which can help to get enough oxygen. This equipment is used for the treatment of arious diseases such as COPD, asthma, and others where there is deficient supply of oxygen to the patient. Increase in prevalence of acute and chronic diseases results into critical need for the oxygen therapy equipment.

The growth of the oxygen therapy equipment is driven by various factors such as increase in tobacco smoking and rise in prevalence of respiratory disorders, increase in preference for standalone oxygen therapy equipment to portable ones, and continuous technological ad ancements in the area of oxygen therapy.

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However, stringent regulatory guidelines that may cause delay in the product approval of oxygen therapy products hampers the market growth. Rise in patient pool suffering from respiratory diseases is expected to provide opportunities for the market growth.

The Major key Players Are:

• Koninklijke Philips N.V.
• Linde Healthcare
• Chart Industries, Inc.
• In acare Corporation
• Becton
• Dickinson and Company
• Smiths Medical
• Drgerwerk AG & Co. KGaA
• Teleflex Incorporated
• Fisher & Paykel Healthcare Corporation Limited
• Taiyo Nippon Sanso Corporation
• Inogen, Inc.

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The report segments the oxygen therapy equipment market on the basis of product, portability, application, and geography. Based on product, the market for oxygen therapy equipment is categorized into oxygen source equipment and oxygen delivery devices. The oxygen source equipment is subsegmented into oxygen concentrators, liquid oxygen devices, and oxygen cylinders. The oxygen delivery devices segment is further subsegmented into oxygen masks, nasal cannulas, enturi masks, non-rebreather masks, bag- alve masks, and other oxygen delivery devices. Based on portability, the market is classified into standalone and portable devices. By application, it is categorized into COPD, asthma, cystic fibrosis, respiratory distress syndrome, pneumonia, and other diseases. Geographical breakdown and deep analysis of each of the afore said segments is included for North America, Europe, Asia-Pacific, and LAMEA.

Key Benefits:

• This report provides an extensive analysis of the current and emerging market trends and dynamics in the global oxygen therapy equipment market.
• In-depth analysis has been done in this report by constructing market estimations for the key market segments between 2017 and 2023.
• This report entails the detailed quantitative analysis of the current trends and future estimations from 2017 to 2023, which assists to identify the prevailing market opportunities.
• Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
• Exhaustive analysis of the global market by product helps to understand the types of oxygen therapy equipment that are currently being used along with the ariants that are expected to gain prominence in the future.
• An in-depth analysis of current research and clinical developments within the market is provided with key factors that help to understand the behavior of the market