Global Oxygen Therapy Equipment Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

“Global Oxygen Therapy Equipment Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global oxygen therapy equipment market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global oxygen therapy equipment market report has been segmented on the basis of product type, portability, application, and region.

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This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Overview:

Oxygen therapy equipments help to provide extra oxygen to patients with some conditions that prevents them from getting required amount of oxygen.  Oxygen therapy is provided to sleep apnea, pneumonia, or chronic obstructive pulmonary disease patients. It improves sleep, energy level of patients as well as helps to provide better quality of life. In oxygen therapy equipments, oxygen if provided to patients using masks, breathing tube, or nasal prongs. These systems come with attached oxygen machine or cylinder.

Dynamics:

Growing number of individuals with respiratory conditions, owing to growing tobacco smoking and increasing geriatric population are major factor driving growth of the global oxygen therapy equipment market. Oxygen therapy increases chances of survival of COPD patients and also reduces its complications and symptoms is a factor expected to support growth of the global market. Increasing preference for portable oxygen therapy equipments over standalone equipments is another factor fueling growth of the target market. Furthermore, growing home based oxygen therapy and rising use of tele-monitoring as well as telemedicine are factor expected to boost growth of the global oxygen therapy equipment market in the near future.

However, stringent regulations for oxygen therapy product approval is a factor that may hamper growth of the global oxygen therapy equipment market. In addition, availability of alternate therapies in lower cost is a challenging factor that could affect growth of the target market.

Segment Analysis:

In case of product type, oxygen source equipment segment expected to dominate the global market in terms of revenue in the near future. Increasing demand for compact and efficient oxygen source equipment, owing to growing prevalence of respiratory diseases is a factor expected to support growth of this segment in the global market.

Regional Analysis:

Market in North America accounts for major share in terms of revenue and is expected to maintain its position over the forecast period. Rising awareness regarding benefits of oxygen therapy among end-users and growing number of hospitals are factors driving growth of the target market in North America region. Asia Pacific market in anticipated to witness significant growth in terms of revenue in the near future. Increasing investment in order to increase commercialization of oxygen therapy is a factor fueling growth of the target market in Asia Pacific region.

Global Oxygen Therapy Equipment Market Segmentation:

Segmentation by product type:

• Oxygen Delivery Device
  • Bag-valve Mask
  • Nasal Cannula
  • Oxygen Mask
  • Venturi Mask
  • Non-rebreather Mask
• Oxygen Source Equipment
  • Liquid Oxygen Device
  • Oxygen Concentrator
  • Oxygen Cylinder

Segmentation by portability:

• Portable
• Stationary

Segmentation by application:

• Asthma
• Pneumonia
• Chronic Obstructive Pulmonary Disease (COPD)
• Respiratory Distress Syndrome
• Cystic Fibrosis
• Others

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa