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Oxygen therapy equipment market forecast to 2024 scrutinized in new research

Oxygen therapy equipment market forecast to 2024 scrutinized in new research

Global Oxygen Therapy Equipment Market , By Product {Oxygen Source (Concentrator, Cylinder), Delivery Devices}; Portability (Stationary, Portable); Application (COPD, Asthma, Cystic Fibrosis, Pneumonia); End User (Hospital, Home Care);Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024

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Oxygen Therapy Equipment Market Analysis:

The Global Oxygen Therapy Equipment Market accounted to USD 2.61 billion in 2016 growing at a CAGR of 9.0%during the forecast period of 2017 to 2024. 

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Major Market Drivers and Restraints:

  • Increasing prevalence of respiratory disorders,
  • Rise in geriatric population
  • Growth in technological advancement
  • Increase prevalence of tobacco smoking

Oxygen Therapy Equipment Market Segmentation:

On the basis of product, global oxygen therapy equipment market is segmented into oxygen source and delivery devices. Oxygen source is further segmented into concentrator and cylinder.

Oxygen source equipment is expected to dominate the market in the forecast period 2017-2024 due to increasing incidence of respiratory disorders and technological advancements.

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On the basis of portability, global oxygen therapy equipment market is segmented into stationary and portable.Stationary devices segment is expected to account the largest market in the forecast period due to respiratory disorders and increasing geriatric population.

On the basis of application,global oxygen therapy equipment market is segmented into chronic obstructive pulmonary disease (COPD), asthma, cystic fibrosis and pneumonia.

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On the basis of end user,global oxygen therapy equipment market is segmented into hospital and home care.

On the basis of geography, global oxygen therapy equipment market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

In 2017, North America is expected to dominate the market.

Oxygen Therapy Equipment Market Competitive Analysis:

The global oxygen therapy equipment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes continuous manufacturing market shares for global, Europe, North America, Asia Pacific, and South America.

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Major Market Competitors:

Some of the major players operating in global oxygen therapy equipment market are Linde Healthcare (Germany),Invacare Corporation (U.S.),Philips Healthcare (Netherlands),Chart Industries, Inc. (U.S.),Becton, Dickinson and Company (U.S.),Teleflex Incorporated (U.S.),Smiths Medical (U.S.), Fisher & Paykel Healthcare Corporation Limited (New Zealand),Drägerwerk AG & Co. KGaA (Germany),Inogen, Inc. (U.S.),Messer Medical Austria GmbH (Germany),HERSILL, S.L. (Spain),GCE Holding AB (Sweden),Allied Healthcare Products Inc. (U.S.),Respan Products Inc. (Canada), and DeVilbiss Healthcare (U.S.) among others.

Oxygen Therapy Equipment Market Research Methodology:

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models.

Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or drop down your enquiry.

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