Oxygen therapy, also known as O2 therapy, is administered to patients suffering from various respiratory disorders, which provides extra oxygen to keep the patient stable. A range of oxygen therapy equipment are available in the market and are used as per individual patient's requirement. A constant rise in the occurrence rate of life-threatening respiratory devices has propelled the demand for oxygen therapy equipment. Market Research Future (MRFR's) latest report on the global oxygen therapy equipment market discusses all the key dynamics affecting the growth of the market in detail. After thorough analysis, MRFR has projected that the market is due to capture a CAGR of 8.9% over the forecast period of 2018-2023.
Competitive Landscape
Messer Medical Austria GmbH, Esex Industries, Inc., Linde Healthcare (A Division of Linde Group), Allied Healthcare Products Inc., Fisher & Paykel Healthcare Corporation Limited, Medicop D.O.O, Taiyo Nippon Sanso Corporation, Teleflex Incorporated, Invacare Corporation, Becton Dickinson and Company, Smiths Medical (A Division of Smiths Group PLC), Drägerwerk AG & Co. KGaA, and Philips Healthcare (A Division of Koninklijke Philips N.V.) are the key players in the Oxygen Therapy Equipment Market Insights
Get Sample Report: https://www.marketresearchfuture.com/sample_request/7516
Segmentation
The oxygen therapy equipment market has been segmented based on product, portability, application, and end-users.
By product, the oxygen therapy equipment market has been segmented into oxygen source equipment, oxygen delivery devices. The oxygen source equipment segment has been further segmented into oxygen concentrators, liquid oxygen devices, and oxygen cylinders. The oxygen concentrators sub-segment has been further segmented into portable oxygen concentrators and fixed oxygen concentrators. The oxygen delivery devices segment has been further segmented into bag valve masks, venturi masks, oxygen masks, non-rebreather masks, nasal cannulas, and other devices.
By portability, the oxygen therapy equipment market has been segmented into stationary oxygen therapy devices and portable oxygen therapy devices.
By application, the oxygen therapy equipment market has been segmented into cystic fibrosis, asthma, COPD, pneumonia, respiratory distress syndrome, and other diseases.
By end-user, the oxygen therapy equipment market has been segmented into home care settings, hospitals, ambulatory surgical centers & physician offices, and others.
Regional Analysis
Region-wise, the oxygen therapy equipment market has been segmented into the Americas, the Middle East & Africa (MEA), Asia Pacific (APAC), and Europe.
The Americas is at the forefront of the global oxygen therapy equipment market. The presence of a massive patient population suffering from diseases such as COPD, pneumonia, and other respiratory disorders induce high demand for oxygen therapy equipment in the region. High healthcare expenditure in the developed economies of the region combined with favorable reimbursement policies is spurring the growth of the market. The US and Canada are the key contributors to the Americas market.
Europe is following the Americas' lead. Factors such as high government support and increasing incidence rate of respiratory devices are boosting the growth of the market.
The APAC oxygen therapy equipment market is likely to be driven by factors such as the surging prevalence of respiratory disorders, rising government support, high healthcare expenditure in the emerging economies, increased adoption rate, and improving reimbursement landscape.
The MEA market accounts for the least share of the global oxygen therapy equipment market. The majority of the market share is held by the Middle East, where a developed sector and high healthcare expenditure by the GCC countries is boosting the market growth. Concurrently, low healthcare penetration, and poor economic condition hinder the growth of the market.
Industry Updates
December 2018 - Inogen, a company offering lightweight portable oxygen concentrators, launched a wireless connectivity platform for its Inogen One G4 oxygen concentrator. The Inogen Connect features a front-end mobile application that is used by oxygen therapy users. The platform's application works through both Android and Apple devices and provides information about oxygen purity status, product support functions, notification alerts, battery run time, and remote software updates.
Access Report Details @ https://www.marketresearchfuture.com/reports/oxygen-therapy-equipment-market-7516
Related Report: U.S. Direct Anterior Approach Market Research Report –Global Forecast to 2027
Magnetic Resonance Imaging (MRI) Market Research Report – Forecast to 2027
Endometrial Cancer Market Research Report – Forecast to 2027
Digital Wound Measurement Devices Market Research Report – Forecast to 2027
Flow Cytometry Market Research Report – Forecast to 2027
About US:
Market Research Future (MRFR) enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York,
New York 10013
