Global oxygen therapy equipment market dominated by North America, followed by Europe. North America will continue to dominate global market in forecast period. However, Asia-Pacific expected to witness highest CAGR, with growth in this market centered at China, Japan, and India.
The oxygen therapy equipment market classified on basis of products into oxygen source equipment and oxygen delivery devices. Oxygen source equipment segment expected to grow at a higher rate during forecast period. This is attributed to industry players developing innovative products which are small, quiet, & effective leading to higher acceptance from consumers.
Complete Report on Oxygen Therapy Equipment Market spread across 175 Pages, Profiling 11 Companies and Supported with 148 Tables and 46 Figures is now available at http://www.reportsnreports.com/reports/1020858-oxygen-therapy-equipment-market-by-product-oxygen-source-concentrator-cylinder-delivery-devices-portability-stationary-portable-application-copd-asthma-cystic-fibrosis-pneumonia-end-user-hospital-st-to-2022.html .
Oxygen therapy equipment market segmented based on end users into home care settings, hospitals, and ambulatory surgical centers (ASCs) & physician offices. In 2017, home care settings segment is expected to command largest share & estimated to grow at fastest rate as compared to other segments. This can be attributed to technological developments to develop user-friendly devices & rising usage of home-based therapy, particularly in developed countries across North America & Europe.
Target Audience for this Report:
- Oxygen therapy equipment manufacturers and vendors
- Research associations related to oxygen therapy
- Healthcare institutions (hospitals, laboratories, medical schools, and outpatient clinics)
- Various research and consulting firms
- Distributors of oxygen therapy equipment
- Research Institutes
The global oxygen therapy equipment market is expected to reach USD 4.01 billion by 2022, at a CAGR of 8.7% from 2017 to 2022. The major factors driving this market are the rising incidence of respiratory disorders, growing geriatric population, high proportion of tobacco smoking, inclination towards home-based oxygen therapy, and technical innovations.
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Oxygen therapy equipment market segmented into chronic obstructive pulmonary disease (COPD), asthma, respiratory distress syndrome, cystic fibrosis, pneumonia, & other diseases/disorders, on basis of applications. COPD accounts for largest segment & is also fastest growing application segment in the market. Cases of COPD are rising across globe due to factors like proliferation of tobacco smoking and increase in geriatric population, which is in turn driving growth of this segment.
1 Oxygen Therapy Equipment: Market Overview
2 Geographic Analysis: Oxygen Source Equipment Market, By Type (2017)
3 Oxygen Delivery Devices Market, By Type, 2017–2022
4 Geographical Snapshot of the Oxygen Therapy Equipment Market
Key players in oxygen therapy equipment market are Philips Healthcare (Netherlands), Linde Healthcare (Germany), Chart Industries, Inc. (U.S.), Invacare Corporation (U.S.), Becton, Dickinson and Company (U.S.), Smiths Medical (U.S.), Drägerwerk AG & Co. KGaA (Germany), Teleflex Incorporated (U.S.), Fisher & Paykel Healthcare Corporation Limited (New Zealand), Taiyo Nippon Sanso Corporation (Japan), Inogen, Inc. (U.S.), Heinen + Löwenstein GmbH & Co. KG (Germany), DeVilbiss Healthcare (U.S.), Essex Industries, Inc. (U.S.), HERSILL, S.L. (Spain), Weinmann Emergency Medical Technology GmbH + Co. KG (Germany), Messer Medical Austria GmbH (Germany), TECNO-GAZ S.p.A (Italy), HUM – Gesellschaft für Homecare und Medizintechnik mbH (Germany), medicap homecare GmbH (Germany), GCE Holding AB (Sweden), Allied Healthcare Products Inc. (U.S.), Medicop D.O.O. (Slovenia), Andreas Fahl Medizintechnik-Vertriebs GmbH (Germany), and Respan Products Inc. (Canada).
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Geographically, oxygen therapy equipment market dominated by North America, followed by Europe, Asia-Pacific, & Rest of the World (RoW). Asia-Pacific region estimated to grow at fastest rate which can be attributed to large investments in healthcare, rising expenditure on healthcare along with increased coverage of health insurance, & rise in disposable incomes especially in countries like China, Japan, and India.
Increasing investment in healthcare, increase in healthcare expenditure, growth in disposable incomes, & an increase in healthcare insurance coverage are some factors propelling market growth in APAC region.