Oxygen Therapy Equipment Market By Portability (Stationary equipment, Portable equipment), Type (Oxygen Source Equipment (Oxygen Concentrators, Oxygen Cylinders, Liquid Oxygen Devices), Oxygen Delivery Equipment (Venturi Masks, Non-rebreather Masks, Bag-valve Masks, Oxygen Masks, Nasal Cannulas, Others)), Application (COPD, Asthma, Cystic Fibrosis, Respiratory Distress Syndrome, Pneumonia, Others), Industry Trends, Estimation & Forecast, 2017 - 2025
This report studies Oxygen Therapy Equipment in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2011 to 2015, and forecast to 2025.
The widespread presence of chronic respiratory diseases such as asthma, pulmonary hypertension, chronic obstructive pulmonary disease (COPD), occupational lung disease, and respiratory allergies has been increasing globally, especially in Asia-Pacific region. According to the World Health Organization, every year at least 3 million people die due to COPD. Oxygen therapy, also known as O2 therapy, is a medical technique that provides extra oxygen to people who are suffering from sudden or long-term health conditions. Patients diagnosed with conditions requiring oxygen therapy face the cumbersome burden of traditional canister and liquid oxygen technology, losing their mobility. Recent medical innovations have led to the introduction of portable oxygen concentrators which are easy to carry, small, energy- efficient, and simple to be used. The market offers lucrative opportunities to the market players as rapidly growing innovations in medical technology continue to drive the market growth. Moreover, government initiatives to curb the surging respiratory ailments worldwide, is encouraging the entry of new players in the market. In U.S, National Asthma Control Initiative (NACI), is an initiative by the National Asthma Education and Prevention Program (NAEPP), which aims to produce high-impact, reliable solutions in asthma control in the country.
Oxygen Therapy Equipment Market Determinants
The key factor driving the growth of global oxygen therapy equipment market is the rising respiratory disorder incidences. The inclination of increasing geriatric population towards home healthcare is also fueling the market growth. Moreover, the surge in tobacco consumption is leading to various respiratory disorders, which in turn is boosting the market growth of oxygen therapy equipment. According to WHO, there are more than 1 billion smokers worldwide, of which 80% live in low- and middle-income countries, where the burden of tobacco-related illness and death is heaviest. On the other hand, the presence of low- cost substitutes manufactured by the local manufacturers in the market, and the stringent regulations delaying the product approvals act as major hurdles in the growth of the market. However, advancements in medical technology can create huge opportunities for the market growth in the upcoming years.
As per National Institutes of Health, chronic obstructive pulmonary disease – the third leading cause of death in the U.S. – claims over 1, 20,000 lives each year. Such alarming prevalence of COPD will keep the demand for oxygen therapy equipment high in the region. However, the rising air pollution levels in China and India is likely to show rise in the Asia-Pacific market as well.
OXYGEN THERAPY EQUIPMENT MARKET SEGMENTATION
• Stationary equipment
• Portable equipment
• Oxygen Source Equipment
o Oxygen Concentrators
o Oxygen Cylinders
o Liquid Oxygen Devices
• Oxygen Delivery Equipment
o Venturi Masks
o Non-rebreather Masks
o Bag-valve Masks
o Oxygen Masks
o Nasal Cannulas
• Cystic Fibrosis
• Respiratory Distress Syndrome
• Home care
• North America
o Rest of Europe
o Rest of Asia-Pacific
• Rest of the World
o Latin America
o Middle East
o South Africa
Table of Content
• Linde Healthcare
• Essex Industries, Inc.
• Invacare Corporation
• Dickinson and Company
• Chart Industries, Inc.
• Smiths Medical
• Teleflex Incorporated
• Fisher & Paykel Healthcare Corporation Limited
• Inogen, Inc.
• Respan Products Inc.
• Philips Healthcare
• DeVilbiss Healthcare
• Messer Medical Austria GmbH
• Allied Healthcare Products Inc.
• Medicop D.O.O.
What Information does this report contain?
• What was the market size of the Oxygen Therapy Equipment Market in 2017 and the expected market size by 2025, along with the growth rate?
• An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
• Which are the largest revenue generating products, services or regions and their comparative growth rate?
• Which technology is in trend and how would it evolve during the forecast period (2017 – 2025)?
• Which are the leading companies in the Oxygen Therapy Equipment Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?
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