Global Oxygen Therapy Market To Register 14.5% CAGR From 2020 to 2025

Oxygen Therapy Market Size

As per the report published, the size of the global oxygen therapy market is forecasted to hike at a 14.5 CAGR from 2020 to 2025.

Oxygen therapy is a type of medical procedure provided to the patients to help them get enough oxygen. The patients suffering from conditions like chronic obstructive pulmonary disease, pneumonia, asthma, and others are likely to develop the symptoms of lack of oxygen.

Key Market Drivers:

The significant factor driving the growth of the market is an increase in the geriatric population worldwide and the prevalence of acute and chronic diseases among large sections of people. The rising demand for home healthcare is also driving the growth of the market. An increase in tobacco usage leads to severe effects on the body's respiratory system and thus positively impacts market growth. An increase in preference for standalone oxygen therapy equipment to portable ones has increased oxygen equipment usage due to the easy usage. The technological advancement due to the entry of new market players and collaborations between big market firms has contributed a lot to the market's revenue. The increase in funds for research and development due to increasing government initiatives and improving healthcare facilities are expected to propel the market growth to a new level.

Browse TOC and other details of the global oxygen therapy market research report that spread through 160 pages @ https://www.marketdataforecast.com/market-reports/oxygen-therapy-market

Significant Challenges:

The key factor which is hampering the market growth of oxygen therapy equipment is the stringent regulatory guidelines that cause the delay in product approval, and thus the product is not used at crucial times. The lack of healthcare facilities in some countries led to a lack of oxygen therapy equipment, which remains a major challenge for the market. The cost involved with this equipment is huge and thus limits the growth of the market.

Impact of COVID-19 on the global oxygen therapy market:

The COVID-19 Impact has positively impacted the global oxygen therapy market all around the world. The increase in coronavirus cases has led to an increase in patients suffering from respiratory problems and increased the demand for oxygen therapy equipment to the extent as the patients suffer from respiratory issues majorly. The sudden surge in coronavirus cases has led to a serious shortage of oxygen therapy equipment in unprepared countries. The COVID-19 has led to new players' entry to the market to capture the increasing demand. More funds are being allocated by the government and private players to develop better technology to make these devices more efficient.

Avail free sample brochure of the report to evaluate the usefulness, ask a copy @ https://www.marketdataforecast.com/market-reports/oxygen-therapy-market/request-sample

This research report on the global oxygen therapy market has been segmented and sub-segmented based on the product type, application, end-user, and region.

By Product Type:

• Oxygen Source Equipment
  • Oxygen Concentrators   
    • Fixed Oxygen Concentrators
    • Portable Oxygen Concentrators
  • Liquid Oxygen Devices   
  • Oxygen Cylinders             
• Oxygen Delivery Devices                  
  • Oxygen Masks   
  • Nasal Cannulas  
  • Venturi Masks   
  • Non-Rebreather Masks 
  • Bag Valve Masks               
  • Other Devices    

Based on the product type, the oxygen source equipment had the highest market share in 2019 and is expected to grow at a prominent rate during the forecast period. The main factor for the highest revenue share is the high utilization of oxygen concentrators, compressed systems, and cylinders. These devices are the primary devices required for oxygen therapy.

Oxygen concentrators are expected to grow at a healthy rate in the future. The transportable concentrators are used in hospitals and other centers and will contribute significantly to sub-segment growth. The oxygen delivery devices segment is anticipated to exhibit healthy growth during the forecast period due to increased demand and availability of many devices.

Oxygen masks of delivery devices are expected to grow at a steady rate and have the second largest market share. These are of one-time use, and thus, increased patients lead to increased consumption of oxygen masks.

By Application:

• Chronic Obstructive Pulmonary Disease
• Asthma
• Obstructive Sleep Apnea
• Respiratory Distress Syndrome
• Cystic Fibrosis
• Pneumonia

Based on the application, the Chronic Obstructive Pulmonary Disease had the largest market share in 2019 and is expected to grow at a good rate during the forecast period. The increased prevalence of COPD leads to clinical urgency and thus increases the consumption of oxygen therapy devices.

Asthma had the second-largest share in 2019 and is expected to grow at the fastest rate during the forecast period. Increased pollution and unhealthy lifestyle lead to asthma, and the improvement in noninvasive ventilation system will positively contribute to the market's growth.

Obstructive sleep apnea is expected to grow at a lucrative rate during the forecast period. The supplemental O2 Administration, in conjunction with CPAP devices, improves the outcome in patients and is a major factor for increasing the growth of this sub-segment.

By End-User:

• Home Healthcare
• Hospitals

Based on the end-user, Hospitals dominated the end-user segmentation of oxygen therapy equipment growth and are expected to do so during the forecast period 2020-2025. The hospitals use technologically advanced equipment for better care and thus attract more patients suffering from respiratory diseases. The improvement in healthcare facilities like the availability of quality healthcare personal is the key driving factor of market growth.

Home healthcare had a significant market share in 2019 and is expected to grow at a good rate during the forecast period. A growing population base having a low mobility profile and favorable reimbursement policies is contributing to the growth of this segment. The increasing concept of Long-term oxygen therapy is favorable for the growth of this sub-segment.

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa

Regionally, North America dominated the oxygen therapy equipment market in 2019 and is expected to grow at a healthy rate during the forecast period. The huge patient population for diseases like COPD and asthma is the main growth driving factor. Favorable reimbursement policies and improvement in healthcare facilities are also other factors responsible for market dominance.

The European market had the second largest market share in 2019. The increase in the geriatric population and increased prevalence of respiratory diseases among the people. Better healthcare quality and increasing government initiatives will help European devices to grow in the future.

The Asia Pacific is expected to grow at the fastest rate during the forecast period. The increased cases of respiratory diseases due to the increase in population in countries like India and China are the main contributing factors. The rising awareness among people and improved medical facilities will help this region grow at the fastest rate.

This report can be customized as per your requirements, talk to our analysts team @ https://www.marketdataforecast.com/market-reports/oxygen-therapy-market/customization

TOP COMPANIES IN THIS MARKET

Key market participants that are dominating the global oxygen therapy market analyzed in this report are Respironics Inc., Teleflex Incorporated, AirSep Corporation, DeVilbiss Healthcare, ResMed Inc., Fisher & Paykel Healthcare Limited, Invacare, Essex Industries Inc., HERSILL S.L., and Weinmann Emergency Medical Technology.

List of Tables and Figures of the report:

1. Global Oxygen Therapy Market Market, By Region, From 2020 to 2025 (USD Billion)
2. Global Oxygen Therapy Market Market, By Product, From 2020 to 2025 (USD Billion)
3. Global Oxygen Source Equipment Market, By Region, From 2020 to 2025 (USD Billion)
4. Global Liquid Oxygen Devices Market, By Region, From 2020 to 2025 (USD Billion)
5. Global Oxygen Cylinders Market, By Region, From 2020 to 2025 (USD Billion)
6. Global PAP Market, By Region, From 2020 to 2025 (USD Billion)
7. Global Nasal Cannula Market, By Region, From 2020 to 2025 (USD Billion)
8. Global Venturi Mask Market, By Region, From 2020 to 2025 (USD Billion)
9. Global Non-Rebreather Mask Market, By Region, From 2020 to 2025 (USD Billion)
10. Global Bag Valve Market, By Region, From 2020 to 2025 (USD Billion)
11. Global CPAP Market, By Region, From 2020 to 2025 (USD Billion)
12. Global Oxygen Delivery Device Market, By Region, From 2020 to 2025 (USD Billion)
13. Global Oxygen Therapy Market Market, By Application, From 2020 to 2025 (USD Billion)
14. Global Chronic Obstructive Pulmonary Disease Market, By Region, From 2020 to 2025 (USD Billion)
15. Global Asthma Market, By Region, From 2020 to 2025 (USD Billion)
16. Global Obstructive Sleep Apnea Market, By Region, From 2020 to 2025 (USD Billion)
17. Global Respiratory Distress Syndrome Market, By Region, From 2020 to 2025 (USD Billion)
18. Global Cystic Fibrosis Market, By Region, From 2020 to 2025 (USD Billion)
19. Global Pneumonia Market, By Region, From 2020 to 2025 (USD Billion)
20. Global Oxygen Therapy Market Market, By End Use, From 2020 to 2025 (USD Billion)
21. Global Home Healthcare Market, By Region, From 2020 to 2025 (USD Billion)
22. Global Hospitals Market, By Region, From 2020 to 2025 (USD Billion)
23. Global Blood Glucose Monitoring Market, By Type, From 2020 to 2025 (USD Billion)
24. Global SMBG Market, By Region, From 2020 to 2025 (USD Billion)
25. Global CGM Market, By Region, From 2020 to 2025 (USD Billion)
26. Global 1 Market, By Region, From 2020 to 2025 (USD Billion)
27. Global 2 Market, By Region, From 2020 to 2025 (USD Billion)
28. 200+ More

Browse Regional Reports:

• North America Oxygen Therapy Market
• Europe Oxygen Therapy Market
• Asia Pacific Oxygen Therapy Market
• Latin America Oxygen Therapy Market
• MEA Oxygen Therapy Market

About MarketDataForecast:

Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

Contact Us:

Market Data Forecast
Phone: +1-888-702-9626
Email: contact@marketdataforecast.com