Global Oxygen Therapy Market is expected to grow at a CAGR of over 10.9% by 2027 owing to Rise in Respiratory Disease Caused by Growing Prevalence of Air Pollution in Developing Countries: says Absolute Markets Insights
Oxygen Therapy Markets 2019 Global Industry Research Report provides market size, industry growth, share, development trends, investment plans, business ideas and forecasts by 2025. Scenarios and useful business decisions. The report includes a first-hand study of subjective comprehensive research and quantitative perspectives of key family pioneers for an in-depth understanding of other industry experts, markets and industry practices. The report provides a reasonable picture of the current market situation, including true and expected market estimates in terms of respect and volume of trade, technological advances, macroeconomic and governance factors.
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Oxygen therapy is an innovative and also a prominently adopted treatment for providing required oxygen to the patients suffering from hypoxemia. According to World Health Organization (WHO), air pollution was identified to be the cause of 2.2 million deaths in Asia Pacific region in the year 2016, wherein about 22% of the deaths were due to chronic obstructive pulmonary disease. Household air pollution was identified to be a major concern as about 40% of women and children were being constantly exposed to it. The oxygen therapy market vendors are proactively developing innovative solutions to cater to this growing demand. Invacare Corporation, a U.S. based innovative medical technology company, is shaping its business strategy in order to offer cost effective solutions and is constantly bringing innovation in oxygen home healthcare solutions thereby improving quality living across diversified geographical regions including Asia pacific and other developed countries.
Some of the significant players functioning in the fragmented Global Oxygen Therapy Market include Teleflex Incorporated, ResMed, Inogen, VitalAire, DeVilbiss Healthcare, amongst others.
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By Oxygen Source Equipment
- Oxygen Concentrators
- Compressed Oxygen Cylinders
- Liquid Oxygen Systems
By Oxygen Delivery Devices
- Oxygen Masks
- Bag Valve Masks
- Nasal Cannulas
- Venturi Mask
By End Users
- Hospitals & Clinics
- Home Healthcare
- Rehabilitation Centers
- COPD (Chronic Obstructive Pulmonary Disease)
- Sleep Apnea
- Respiratory Distress Syndrome (RDS)
- Cystic Fibrosis
- North America
- Rest of North America
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
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Key Findings of the Report:
- More than 68% of oxygen therapy market was contributed by oxygen concentrators in 2018, owing to its portability feature and improved access to oxygen therapy.
- Home healthcare segment is anticipated to be the most attractive market over the forecast period owing to substantial adoption by geriatric and pediatric population in homecare settings.
- Asia Pacific is estimated to demonstrate the most lucrative market over the forecast period owing to the rise in prevalence of chronic obstructive pulmonary disease (COPD).
- Key players functioning in this report include Teleflex Incorporated, ResMed, Inogen, VitalAire, DeVilbiss Healthcare, amongst others.
The cost analysis of Oxygen Therapy Market was made considering manufacturing costs, labor costs, raw material and market concentration, suppliers and pricing trends. Other factors such as supply chain, downstream buyers and sourcing strategies have been evaluated to provide a complete and in-depth view of the market. Report buyers will be exposed to market positioning studies in consideration of target audience, Oxygen Therapy and strategy, and pricing strategy.
As a result of collecting and researching all information using SWOT analysis, there is a vivid picture of the competitive environment in the Oxygen Therapy Market. Openings for future market development have been revealed, and likewise have taken the competitive advantage. The drift and propensity of this market has been taken into account, which shows that the strategic direction is good. Understand the market base and understand the market data using the standards, methodologies and other driving market trends determined for reference.
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