Oxygen Therapy Devices Market Research Report covers the present scenario and the growth prospects of the Oxygen Therapy Devices Industry for 2017-2021. Oxygen Therapy Devices Market, has been prepared based on an in-depth market analysis with inputs from industry experts.
The report covers the market landscape and its growth prospects over the coming years and discussion of the key vendors effective in this market. To calculate the market size, the report considers the revenue generated from the sales of Oxygen Therapy Devices globally.
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The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry.
Following Companies Are Key Players of the Oxygen Therapy Devices Market:
- Chart Industries
- DeVilbiss Healthcare
- Fisher & Paykel Healthcare
- Philips Respironics
Other Prominent Vendors of Oxygen Therapy Devices Market Are:
- 3B Medical
- Allied Healthcare Products
- Apnex Medical
- CareFusion (BD)
- GCE Healthcare
- GE Healthcare
- MAQUET Medical Systems
- O2 Concepts
- Oxus America
- Precision Medical
- Smiths Medical
- Techno-Gaz Industries
One trend in market is increased adoption of portable systems. Portable oxygen concentrators with better safety and wearable features are designed to deliver oxygen to individuals at home and on the go. These lightweight devices can be worn on belt clip, backpack, or shoulder strap and have become popular among people requiring oxygen therapy while traveling by flight. Leading vendors like Chart Industries and Philips Respironics are focusing on getting FAA approval for their portable oxygen concentrators to attract these consumers, especially in the US. Chart Industries’ AirSep Focus, which is the world’s lightest portable oxygen concentrator and Philips Respironics’ recently FAA-approved SimplyGo Mini have become hugely popular among travelers in the US requiring oxygen support.
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According to the report, one driver in market is marketing strategies of vendors. Global vendors in the global oxygen therapy devices market are implementing innovative marketing strategies such as offering continual awareness and application training to healthcare professionals and organizing their sales teams around the physician specialties. This helps them create strong relationships with physicians and other end-users, which enhances their ability to cross-sell complementary products. Companies like Philips Respironics organize promotional activities to educate their end-users about their products. Companies like Chart Industries are focusing on attracting the HOT consumers by offering them attractive loans and monthly installment schemes. These innovative strategies will drive the global oxygen therapy devices market in the future.
Report also presents Geographical Segmentation analysis of Oxygen Therapy Devices Market of Americas, APAC, EMEA region.
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Further, the report states that one challenge in market is unfavorable reimbursement scenario. Unfavorable reimbursement structure is restraining the market growth of oxygen therapy devices. The lack of coverage under reimbursement policy acts as a potential barrier, which may prevent the entry of innovative oxygen therapy devices with new technologies in the market. Also, healthcare reform policies with unfavorable reimbursements can affect investments in the development of technology as well as product deployment. For instance, oxygen therapy has no fixed or separate current procedural terminology code in the US. In hospitals, it is usually bundled into room rate or charged separately using 270 as revenue code. In certain cases, like post-anesthesia care units, it is not charged separately and is considered as a part of standard patient care.
Key questions answered in Oxygen Therapy Devices market report:
- What will the Oxygen Therapy Devices market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving Oxygen Therapy Devices market?
- What are the challenges to Oxygen Therapy Devices market growth?
- Who are the key vendors in Oxygen Therapy Devices market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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