Oxygen Therapy Devices Market 2020 Business Scenario | Linde Chart Inc, Invacare Corporation, Smiths Medical, etc.
: New York, United States, 21th-July-2020, (Via WiredRelease), (Reports and Data) – According to the current analysis of Reports and Data, the global Oxygen Therapy Devices Market was valued at USD 2.54 billion in 2020 and is expected to reach USD 4.92 billion by the year 2027, at a CAGR of 8.6%. Oxygen Therapy Devices are used to provide an oxygen supplement to the patients experiencing deprivation of oxygen in their bodies.
The diseased conditions like asthma, chronic obstructive pulmonary diseases, cystic fibrosis, and other respiratory agonies cause the patient to be deprived of oxygen. Oxygen therapy devices include a complete focus upon either providing oxygen supplements or liquid concentrates, which can be directly incorporated through nostrils.
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This report covers the current COVID-19 effects on the economy. This outbreak has brought along drastic changes in world economic situations. The current scenario of the ever-evolving business sector and present and future appraisal of the effects are also covered in the report.
In market segmentation by manufacturers, the report covers the following companies-: Dickinson and Company (U.S.), Philips Healthcare (Netherlands), Linde Chart Industries, Inc. (U.S.), Invacare Corporation (U.S.), Smiths Medical (U.S.), Fisher & Paykel Healthcare Corporation Limited (New Zealand), etc
For the purpose of this report, Reports and Data has segmented the Oxygen Therapy Devices market on the basis of product, portability, application, end-use and region:
Product Outlook (Revenue in Million USD; 2016–2026)
Oxygen Source Equipments
Oxygen Delivery Devices
Portability Outlook (Revenue in Million USD; 2016–2026)
Application Outlook (Revenue in Million USD; 2016–2026)
Respiratory Distress Syndrome
End-Use Outlook (Revenue in Million USD; 2016–2026)
Home Health Care
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Regional Outlook (Revenue in Million USD; 2016–2026)
Middle East & Africa
Further key findings from the report suggest:
According to the National Institutes of Health, it is estimated that each year in the United States, about 12 million adults have been diagnosed, and also approximately 120,000 people die due to extreme Chronic Obstructive Pulmonary Diseases’ symptoms. Furthermore, the growth in the demand for portable oxygen therapy devices would drive the market.
According to the Global Asthma Network (GAN), it is estimated that asthma affects nearly 334 million people globally. Moreover, the need for therapy for asthma is found to increase, hence the demand for Oxygen Therapy Devices is expected to grow in the coming years.
Venturi masks are the recent advancements in the Oxygen Therapy Devices, which allows the appropriate mixing of the oxygen and air for proper intake of the required therapy.
Also, the Oxygen Therapy Devices Industry report consists of the analysis of different products available in the global market based on production, volume, revenue, and cost and price structure. It also highlights the key strategies that might prove to be profitable for businesses.
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Key questions answered:
What are the favorable, high-growth prospects for the global Oxygen Therapy Devices market?
Which product segments will grow at a faster rate throughout the forecast period, and why?
Which region will grow at a faster rate, and why?
What are the key factors affecting market prospects? What are the driving forces, restraints, and challenges in the market?
What are the latest trends in the market?
What are the changing customer demands in the Oxygen Therapy Devices market?
What are the growth prospects in this market, and which competitors are showing promising development?
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