Oxygen Therapy Equipment market Size, Outlook, New Opportunities, Yield Analysis, And Future Prospects
Overview:
The report on the Oxygen Therapy Equipment Market discusses
several factors and possibilities that can help the market in registering
growth. In the healthcare sector, a steady flow of investment, growing
awareness regarding the therapy, new ways of incorporating it, and others are
expected to bolster the market growth. Also, the rise in the number of
manufacturers to support the end demand is expected to bolster the market.
The Oxygen
Therapy Equipment Market Size is expected to reach USD 34.72 Billion by
2030 at 5.86% CAGR during the forecast period 2022-2030.
are some of the major companies to take part in the global Oxygen
Therapy Equipment Market Share. Strategic tools and proper planning for the
coming years are helping these companies shine and trigger growth for the
market.
Oxygen Therapy Equipment Market Overview and Analysis Size, Trends and Insights By Product
(Oxygen Source Equipment, Oxygen Delivery Devices), Portability (Stationary
Oxygen Therapy Devices, Portable Oxygen Therapy Devices), Application (Cystic
Fibrosis, Pneumonia) — Global Forecast till 2030
Segmentation:
The global market on Oxygen Therapy
Equipment Market Trends has been segmented by portability, application,
product, and end users. This segmentation helps in a proper assessment of the
market as it reveals several data that can help in understanding the dynamics
of the market.
·
By product, the study on the Oxygen Therapy
Equipment Market Research segments it by oxygen delivery devices and oxygen
source equipment. The oxygen source equipment has segments like liquid
oxygen devices, oxygen concentrators, and oxygen cylinders. The oxygen
concentrators have been segmented into fixed oxygen concentrators and portable
oxygen concentrators. The oxygen delivery devices have been segmented into bag
valve masks, venturi masks, non-rebreather masks, nasal cannulas, oxygen masks,
and other devices.
·
By portability, the study on the oxygen
therapy equipment market includes stationary oxygen therapy devices and
portable oxygen therapy devices. The portable segment would get traction for
its ease of use.
·
By application, the market includes asthma,
cystic fibrosis, COPD, respiratory distress syndrome, pneumonia, and other
diseases. Asthma is a major traction provider as a huge number of people are
suffering from this across the world.
·
By end users, the market includes
hospitals, home care settings, ambulatory surgical centers & physician
offices, and others.
Regional Analysis:
The Americas would enjoy the market lead and its investment
in the field would ensure its future growth as well. This would happen due to
structural benefits, investment capacity, and progress in research and
development. Asia Pacific would also rise significantly due to the huge surge
in demand.
Industry News:
·
In July 2020, The Drug Controller General
(INIDA) (DGCI) declared that all state licensing authorities should immediately
allow all the manufacturers of industrial oxygen to produce medical oxygen.
This is to meet the huge demand that has been set by new treatment policies to
support COVID-19 cases and also to meet the scarcity of oxygen in the market.
With such a clear directive, the India market for oxygen therapy equipment will
improve and boost the regional prospects.
·
In July 2020, a report got published that
mentioned Nocturnal oxygen therapy (NOT) may have a better impact on chronic
obstructive pulmonary disease (COPD) patients when they travel to high
altitudes. The study was conducted by researchers from the JAMA Network Open.
It is probably due to the positive impact of NOT on sleep-disordered breathing,
nocturnal hypoxemia, and other health effects.
Competitive Landscape:
The Global Oxygen Therapy Equipment Market Players
are
Linde Healthcare (A Division of Linde Group), Philips
Healthcare (A Division of Koninklijke Philips N.V.), Taiyo Nippon Sanso
Corporation, Becton Dickinson and Company, Messer Medical Austria GmbH,
Drägerwerk AG & Co. KGaA, Teleflex Incorporated, Smiths Medical (A Division
of Smiths Group PLC), Fisher & Paykel Healthcare Corporation Limited,
Invacare Corporation, Esex Industries, Inc., Allied Healthcare Products Inc.,
Medicop D.O.O
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
Comments
Post a Comment