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Oxygen Therapy Devices Market

22 Apr

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Oxygen Therapy Devices Market Poised to Grow at a CAGR of 5.4% by 2024

  • By admin

  • July, 2018

Infinium Global Research has added a new report on Oxygen Therapy Devices Market. The report presents analysis of global as well as regional markets of oxygen therapy devices market over the period of 2018 to 2024.

 

Global oxygen therapy devices market is showing a positive trend around the globe. There are many factors which are indicating a positive outlook of market for medium and long term. Chronic obstructive pulmonary disease (emphysema), Neuromuscular & chest wall disorders, Cystic fibrosis, morbid obesity are some of the common disorders that lead to non-uniformity of oxygen in the body. It is expected that number of people affected with these disorder will grow, and would act as a drivers for oxygen therapy device market in the short and medium term. Increasing incidence of respiratory, breathing, lung diseases due to continuously degrading environment, changing lifestyle and food consumption habits would increase the demand for oxygen therapy devices market. However, stringent safety regulations and lack of trained personnel and unavailability of supportive services of oxygen therapy devices are the restraining factors of this market for short term. Development of cost effective, rapid and accurate oxygen therapy devices around the globe, increasing awareness level of different uses of oxygen therapy among doctors, physicians, surgeons & common people and adoption of personalized & portable devices for emergency oxygen delivery from small health care units/nursing centers/hospitals could create lucrative opportunities for the oxygen therapy devices market in near future.

 

On the basis of region, the oxygen therapy device market is fragmented into North America, Europe, Asia, and the Rest of the World (RoW). Asia Pacific region is the highest CAGR growing market region during the forecast period, 2018-2024. The presence of emerging economies like China and India, its large population base and rising  incidence  of chronic diseases of respiration, lung diseases in Asian countries due to changing life style, changing consumption habits,  increasing demand for  standardized world class medical facilities, increasing healthcare spending ability among the people and government initiatives to provide better health facilities are some f major factors driving the high growth of this market in these regional segments.

 

February,2018; Invacare Corporation Transferred itsKüschall Wheelchair Production plant from Switzerland to France. This move will help the company to better optimize its wheelchair manufacturing facility in France. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global oxygen therapy devices market but also make strategic decisions to capture the most lucrative markets in the near future.

 

The market size is presented in terms of value for the historic year 2018 and estimated for forecast period of 2016-2024.

 

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The recent report identified that North America dominated the global oxygen therapy devices market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the oxygen therapy devices market worldwide.

The report segments the global oxygen therapy devices market on the basis of Product types, Applications and End User.

 

Global Oxygen Therapy Devices Market by Product Types

·         Oxygen Source Equipment

·         Oxygen Delivery Devices

 

Global Oxygen Therapy Devices Market by Applications

·         Chronic Obstructive Pulmonary Disease (COPD)

·         Asthma

·         Obstructive Sleep Apnea

·         Respiratory Distress Syndrome (RDS)

·         Cystic Fibrosis

·         Pneumonia

 

Global Oxygen Therapy Devices Market by  End User

·         Home Care Settings

·         Hospitals

·         Ambulatory SurgicCenters& Physician Offices

 

Companies Profiled in the Report

·         Teleflex Incorporated

·         Invacare Corporation

·         Chart Industries, Inc.

·         Fisher &Paykel Healthcare Corporation Limited

·         Inogen, Inc.

·         Philips Healthcare (A Division of Koninklijke Philips N.V.)

·         Linde Healthcare (A Division of Linde Group)

·         Becton, Dickinson and Company

·         Taiyo Nippon Sanso Corporation

·         Smiths Medical (A Division of Smiths Group PLC)

 

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