The need of the hour is to obtain a relief cure for the lungs related diseases, Government awareness and initiatives for improving quality of life, increase in incidences of diseases are key factors contributing to high CAGR in the forecast period.
According to the current analysis of Reports and Data, the global Oxygen Cure Devices market was valued at USD 3,016.8 Million in 2020 and is expected to reach USD 5,746.7 Million by the year 2028, at a CAGR of 8.3%. Oxygen Cure Devices are used to provide an oxygen supplement to the patients experiencing deprivation of oxygen in their bodies.
Disease conditions like asthma, chronic obstructive pulmonary diseases, cystic fibrosis, and other respiratory agonies cause the patient to be deprived of oxygen. Oxygen cure devices include a complete focus upon either providing oxygen supplements or liquid concentrates, which can be directly incorporated through nostrils. Prominent driver of oxygen cure devices is the growing prevalence of lung disorders, an increase in the use of tobacco for smoking, hike in the rate of air pollution in the environment. According to the National Institutes of Health, nearly 12 million adults are diagnosed with COPD in the U.S., and 120,000 people die each year. Furthermore, according to the Global Asthma Network, asthma affects nearly 334 million people across the globe. Hence, oxygen cure devices are found to obtain a steep rise in the regions, mainly in emerging economies where industrialization is observed during recent years.
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The report provides comprehensive assessment of the market covering key elements such as revenue estimations, cost analysis, import/export, production and consumption trends, CAGR, gross margin, and supply & demand patterns. It also sheds light on recent technological developments, product advancements, and research and development activities in the region.
The report examines the key players operating in the market along with their market position, market share, revenue, gross margin, and business strategies. SWOT analysis and Porter’s Five Forces Analysis are used to examine and assess the market and its players. It also covers recent mergers and acquisitions, joint ventures, collaborations, agreements, partnerships, and product launches and brand promotions.
Key companies profiled in the report include:
Dickinson and Company (U.S.), Philips Healthcare (Netherlands), Linde Chart Industries, Inc. (U.S.), Invacare Corporation (U.S.), Smiths Medical (U.S.), Fisher & Paykel Healthcare Corporation Limited (New Zealand), Taiyo Nippon Sanso Corporation (Japan), Inogen, Inc. (U.S.), DeVilbiss Healthcare (U.S.), Essex Industries, Inc. (U.S.), HERSILL, S.L. (Spain), GCE Holding AB (Sweden), Allied Healthcare Products Inc. (U.S.), and Medicop D.O.O. (Slovenia).
Market Segmentation by Types:
Product Outlook (Revenue in Million USD; 2017–2028)
- Oxygen Source Equipments
- Oxygen Concentrators
- Oxygen Cylinders
- Liquid Oxygen Containers
- Hyperbaric Oxygen Chambers
- Oxygen Delivery Devices
- Nasal Cannulas
- Oxygen Masks
- Bag-valve masks
- Face masks
- Venturi Masks
- Non- breather masks(adjustable)
- Others
Portability Outlook (Revenue in Million USD; 2017–2028)
- Standalone/Table-top
- Portable
Market Segmentation by Applications:
Application Outlook (Revenue in Million USD; 2017–2028)
- Asthma
- COPD
- Pneumonia
- Cystic fibrosis
- Respiratory Distress Syndrome
- Sleep apnea
- Dysplasia Pacific
- Others
End-Use Outlook (Revenue in Million USD; 2017–2028)
- Hospitals
- Clinics
- Rehabilitation Centers
- Home Health Care
- Others
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Regional analysis covers in-depth analysis of analysis of the revenue, market share, and growth rate of the global Oxygen Cure Devices market in each region for the forecast period of 2021-2028. The report covers production and consumption rate, current and emerging trends, import/export, supply and demand, and presence of key players in each region.
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of MEA
Further key findings from the report suggest
- According to the National Institutes of Health, it is estimated that each year in the United States, about 12 million adults have been diagnosed, and also approximately 120,000 people die due to extreme Chronic Obstructive Pulmonary Diseases’ symptoms. Furthermore, the growth in the demand for portable oxygen cure devices would drive the market.
- According to the Global Asthma Network (GAN), it is estimated that asthma affects nearly 334 million people globally. As the need for cure for asthma is rising, the demand for Oxygen Cure Devices is expected to grow in the coming years.
- Use of OxyMask face mask for oxygen delivery includes a small ‘diffuser’ to concentrate and direct oxygen toward the mouth and nose. Its market is expect to rise owing it to its increasing use by the Patients with severe lung disease often require supplemental oxygen.
- According to the World Health Organization, more than 8.9 million Americans were diagnosed with chronic bronchitis, and majority of cases in elderly. The growing incidence of chronic bronchitis is expected to increase the demand for the devices.
- Canned oxygen containers are also brought up in the market as a recent advancement due to the growing need for portable devices and even hike in demand for Home Care Settings for patients suffering from chronic lung disorders. This is expected to fuel market growth in the near future.
- The use of the tubes which are inserted into the nostrils for oxygen pumping directly into the nose causes irritation on the skin area, which is unacceptable. The growing need to ensure that the patient is compatible with the current cure given would propel the growth of such innovations.
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