MARKET OVERVIEW
Oxygen therapy equipment provides oxygen to individuals with difficulty breathing or low oxygen levels in their blood. The oxygen therapy equipment market includes oxygen concentrators, liquid oxygen systems, and portable oxygen tanks. It is also known as supplemental oxygen. Oxygen is a gas that is required by the body to function. Oxygen therapy equipment is used for medical treatment such as low blood oxygen, carbon monoxide toxicity, cluster headaches, and to maintain sufficient oxygen while breathing in anaesthetics.
MARKET DYNAMICS
The oxygen therapy devices market is anticipated to grow significantly in the coming years, owing to factors such as a rise in pollution, a rising geriatric population who cannot breathe, a rise in the number of asthma patients and a rise in smokers. The advancement in technology in the medical device industry leads to the creation of variants of masks and other devices. The demand is expected the growth in the oxygen therapy equipment market.
MARKET SCOPE
The "Global Oxygen Therapy Equipment Market Analysis To 2028" is a specialized and in-depth study of the medical device industry focusing on the global market trend. The report aims to provide an overview of the global oxygen therapy equipment market with detailed market segmentation by product, application, end user, and geography. The global oxygen therapy equipment market is expected to grow during the forecast period. The report provides key statistics on the market status of the leading players and offers key trends and opportunities in the oxygen therapy equipment market.
MARKET SEGMENTATION
The global oxygen therapy equipment market is segmented by product, application, end user, and geography. The product segment is classified as oxygen source equipment and oxygen delivery devices. Oxygen source equipment is further sub-segmented into oxygen cylinder’s, oxygen concentrators, and liquid oxygen devices. Additionally, oxygen delivery devices is sub-segmented into oxygen masks, nasal cannulas, venturi masks, and others. The application segment includes COPD, respiratory distress syndrome, asthma, and others. Similarly, the end user is classified as hospitals, ambulatory surgical centers, and home care settings.
REGIONAL FRAMEWORK
The report provides a detailed industry overview, including qualitative and quantitative information. It provides an overview and forecast of the global oxygen therapy equipment market based on product, application, end user, and geography. It also provides market size and forecast till 2028 for the overall oxygen therapy equipment market with respect to five major regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America (SCAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 counties globally along with current trends and opportunities prevailing in the region.
North America is anticipated to hold the largest share in the oxygen therapy equipment market in the coming years, owing to a rise in the population who smokes, an increasing number of patients suffering from respiratory diseases, and others. For instance, in Mexico, as per a research survey published in the International Journal of Infectious Diseases in September 2017, Mild respiratory distress was observed in 56.3%, moderate respiratory distress in 29.9%, and severe respiratory distress in 2.4% of the study population; 11.4% of patients had no respiratory distress. Asia Pacific is expected to be the fastest-growing market during the forecast period primarily due to the increasing prevalence of asthma patients, and increases in the chronic conditions of respiratory diseases.
MARKET KEY PLAYERS
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South & Central America, after evaluating political, economic, social, and technological factors affecting the market in these regions.
The report also includes key oxygen therapy equipment market manufacturing companies' profiles, SWOT analysis, and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information for the last three years, and key development in the past five years. Some of the key players influencing the market are Koninklijke Philips N.V.; Smiths Medical; Teleflex Incorporated; Linde Healthcare; Fisher & Paykel Healthcare Limited.; Invacare Corporation; Inogen, Dräger; DeVilbiss Healthcare LLC; and Chart Industries, Inc.