Oxygen Therapy Market by Oxygen Source Equipment (Oxygen Concentrators, Compressed Oxygen Cylinders, and Liquid Oxygen Systems), By Oxygen Delivery Devices (Oxygen Masks, Bag Valve Masks, Nasal Cannulas, Venturi Mask, and Others), by End-User (Hospitals & Clinics, Home Healthcare, and Rehabilitation Centers), and by Application (COPD, Asthma, Sleep Apnea, Respiratory Distress Syndrome, Cystic Fibrosis, Pneumonia, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Global oxygen therapy market expected to generate around USD 19,884 million by 2025, at a CAGR of around 11.4% between 2019 and 2025. Oxygen therapy is the process of administrating oxygen as chronic or acute patient care, as it is important for various cell activities.

03-Apr-2019 | Number of pages: 110 | Report Code: ZMR-3987 | Report Format : | Status : Published

Analysis

Oxygen therapy is the process of administrating oxygen as chronic or acute patient care, as it is important for various cell activities. Additionally, the normal oxygen level is required in the body to maintain the various physiological functions. Oxygen therapy is used for patients who cannot get enough oxygen naturally, due to various breathing disorders, such as asthma, COPD, sleep apnea, etc. These disorders affect the transfer of oxygen from alveoli to the blood. Breathing disorders affect the energy levels and normal functioning of the body. To improve breathing disorder, patients need to get supplemental oxygen through oxygen face masks, nasal cannulas, etc. Oxygen therapy is used on the basis of pulse proximity test and arterial blood gas test.

There are various factors that support the growth of the oxygen therapy market globally over the forecast period, such as the increase in the prevalence of breathing disorders, such as COPD, asthma, etc. As per the World Health Organization 2017, around 235 million globally suffer from asthma. Furthermore, technological advancements made in the existing oxygen delivery systems and favorable reimbursement policies are also expected to promote the growth of the global oxygen therapy market in the upcoming years. Strategic collaboration in the market coupled with innovation, product launches, and increased R&D investments is expected to offer ample opportunities in the future. However, the high developmental cost of advanced and innovative devices and constantly changing regulations and stringent policies may inhibit the growth of the global oxygen therapy market in the future.

Global Oxygen Therapy Market

By oxygen source equipment, the market is segmented into oxygen concentrators, compressed oxygen cylinders, and liquid oxygen systems. Oxygen concentrators are expected to hold the largest market share in the future. Based on oxygen delivery devices, the market is fragmented into oxygen masks, bag valve masks, nasal cannulas, venturi masks, and others. The oxygen mask segment is expected to hold the largest market share over the forecast time period. By application, the market includes COPD, asthma, sleep apnea, respiratory distress syndrome, cystic fibrosis, pneumonia, and others. COPD segment accounts for the largest market share over the forecast timeframe. Based on end-user, the market is divided into hospitals and clinics, home healthcare, and rehabilitation centers. Hospitals and clinics are expected to dominate over the forecast time period.

By region, North America is likely to emerge as the largest oxygen therapy market globally over the forecast time period, which will be closely followed by Europe. The Asia Pacific is expected to be the fastest developing region over the estimated period. 

Some players of the global oxygen therapy market are 3M, General Electric Company, Koninklijke Philips N.V., DeVilbiss Healthcare, Essex Industries, Inc., Fisher & Paykel Healthcare Limited, Inotec AMD Limited, Invacare Corporation, VitalAire, O2 CONCEPTS, OxyBand Technologies, Nidek Medical Products Inc., and MAQUET Holding B.V. & Co. KG.


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