The Global Oxygen Therapy Device Market is growing fast because of the rising prevalence of lung, respiratory, heart and other diseases. The number is growing across the world because of the changing lifestyle. The global market of Oxygen therapy device is expected to grow at approximate 12% CAGR. The market is expected to reach USD 15 billion by 2023 as compared to 8 billion in 2016.
Global Oxygen Therapy Device Market – Key Players
There are various local and global players who manufacture devices for oxygen therapy. However we have profiled some of the major players which are Phillips healthcare, Devilbiss Healthcare, Cardinal Healthcare, Respironics, Salter Labs, Masimo Corporation, Carefusion, Teflex, Bio Med, Fisher & Paykel Healthcare Limited, Inogen, O2 Concepts, Smith medicals, Medtronic, 3B Medical, 3M Healthcare and many more.
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Global Oxygen Therapy Device Market – Overview
Oxygen is required by cells to do work. Oxygen therapy is required for the supplement of oxygen in body through external mean to the people who have respiratory disorder. The oxygen therapy is much required by the people who have chronic obstructive pulmonary diseases (COPD) for long term use.
The levels of oxygen are checked by the oximeter, which checks levels indirectly. The oximeter is a small device which gets clipped into person’s body parts. The levels are checked before giving oxygen therapy so that doctors gets an idea whether patients will get benefited with the oxygen therapy. If the person is found with the low levels of oxygen then he/she can be the one applicant for the oxygen therapy.
Generally, the patients of Asthma, Heart diseases, Sleeping apnea, lung diseases, COPD and other respiratory issues can get benefited from the oxygen therapy as it enhances the breathing power and patient can stay more active for long. The symptoms like weakness, headaches, fatigue, irritability and more will be reduced. The oxygen therapy is also helpful for the children with chronic lung conditions.
Oxygen Therapy Device Market – Study Objectives
- To give detailed analysis of the market structure along with forecast for the next 6 years of the various segments and sub-segments of the Oxygen therapy device market
- To provide insights about factors affecting the market growth
- To analyze the Oxygen Therapy Device market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries – Americas, Europe, Asia-Pacific, and Rest of the world.
Global Oxygen Therapy Device Market – Segments
The oxygen therapy device market is segmented by the types of products (Non-re-breather mask, Incubators, Continuous positive airway pressure, Liquid oxygen device, Hyperbaric oxygen chamber, Nassal cannula, Cylinder, Concentrators and Oximeter), application (Hypoxia, Heart diseases, Sleeping apnea, Lung diseases, Chronic obstructive pulmonary diseases, Respiratory issues and others) and by end users (Hospital, Clinics, Patients).
Global Oxygen Therapy Device Market – Regional Analysis
Depending on geographic region, Oxygen therapy device market is segmented into four key regions: Americas, Europe, Asia Pacific, and Rest of the world. Where America is the largest market for the oxygen therapy devices because of the various development in the home based therapy. Another reason is the lifestyle of the people in developed countries. Europe is the second largest region where the home based oxygen therapy are adopted. Asia-Pacific is the fastest growing region for the oxygen therapy device market. The major reason can be countries like China and India are changing their trends towards the healthcare and are adopting to the advanced technology in the healthcare industries.
Further the oxygen therapy market is expected to be high in the Asia-Pacific region due to the increasing population, increasing number of the diseases due to the behavioural and lifestyle changes in the people. As well as the countries are spending more on the healthcare, which is leading to the adoption of the advanced technology.
Major Table of Content
1 Report Prologue
2 Market Introduction
2.2 Scope of Study
2.3 Research Objective
2.4 Assumptions & Limitations
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
4 Market Dynamics
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