Oxygen Therapy Equipment Market Size, Share, Trend & Analysis by Application, Technology, Key Companies, Opportunities and Forecast 2022 to 2032


 The Oxygen Therapy Equipment Market is anticipated to reflect a CAGR of 7.4% during the period of 2022-2032. The Oxygen Therapy Equipment Market is anticipated to reach US$ 6.4 Billion in 2032, from US$ 3.1 Billion in 2022.

This study explains that the Chronic respiratory diseases affect more than 1 billion people, globally, as per the Global Asthma report, 2018. COPD, with tobacco smoking as its root cause, has affected a significant part of the world population, as per the World Health Organization. These factors are expected to accelerate the growth of the Oxygen Therapy Equipment Market during the forecast period.

The advent of the technologically advanced oxygen source and delivery devices, which offers efficient patient care, is expected to boost the industry. These advancements include flow regulating devices, sensors, and conjunction of delivery devices with pulse dose meters. The adoption of O2 therapy is increasing owing to the potential benefits such as controlled flow, efficient dosing, faster response rates, and greater durability & reliability. The aforementioned factors are anticipated to propel industry expansion.

Request Sample Copy of Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-15011

In addition, rising popularity and adoption of on-demand and continuous Portable Oxygen Concentrators (POC) in a wide range of applications such as emergency medicine is also expected to fuel the demand in the forthcoming years. This surge is attributable to global competitors entering the market, demand for the portable technology by consumers, and the clinical urgency for greater mobility support for the geriatric population. The business is anticipated to increase owing to continuous innovation and resulting in more efficient units and reduced prices.

Increasing incidences of chronic respiratory diseases coupled with rising demand for home healthcare are the major drivers of the market. This can be ascribed to increasing geriatric population suffering from various kinds of chronic diseases in which oxygen therapy or oxygen support is required. Additionally, increasing levels of air pollution, smoking habits of population especially youth, among others have significantly contributed to an increase in the prevalence of respiratory diseases, thereby increasing the demand for oxygen therapy equipment.

As per the National Institutes of Health (NIH), nearly 12 million adults have been diagnosed with Chronic Obstructive Pulmonary Disease (COPD) in the U.S. and 120,000 people die each year. According to the data published by the Global Asthma Network (GAN), asthma affects nearly 334 million people worldwide.

North America dominates the oxygen therapy equipment market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the growing awareness about the benefits associated with oxygen therapy in hospitals and increasing number of end-users in this region.

Key Takeaways from the Market Study

  • Global Oxygen Therapy Equipment Market was valued at US$ 3.1 Million by 2022-end
  • The US to account for the highest value share of US$ 2.4 Billion of global market demand for Oxygen Therapy Equipment Market in 2032
  • From 2015 to 2021, Oxygen Therapy Equipment demand expanded at a CAGR of 9.7%
  • By Product, the Oxygen Source Equipment category constitutes the bulk of Oxygen Therapy Equipment Market with a CAGR of 8.2%.
  • By Portability, the Stationary Devices segment dominates the Oxygen Therapy Equipment Market with a CAGR of 7.8%.

“The rising popularity and adoption of on-demand and continuous Portable Oxygen Concentrators (POC) in a wide range of applications such as emergency medicine is also expected to fuel the demand over the forecast period,” remarks an FMI analyst.

Competitive Landscape

Players in the global Oxygen Therapy Equipment Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

  • In July 2021, Belluscura (BELL) had signed a third distribution deal and first agreement with a durable medical equipment provider, for its X-PLO2R™ portable oxygen concentrator portfolio. The durable medical equipment ("DME") has multiple stores in several states and an online store. Meanwhile, the third distributor has issued its first purchase order with anticipated delivery of the X-PLO2R™ portable oxygen concentrator expected in less than ninety days.
  • In June 2020, Armstrong Medical introduced the second generation FD140i, an improved dual therapy flow driver with an easier transition from CPAP to HFOT.
  • In August 2019, OxyGo LLC announced the launch of their new six flow setting, Bluetooth enabled POC. At only 4.7 pounds, and with 6 flow settings, the OxyGo NEXT offers the highest oxygen output per pound of weight of any portable oxygen concentrators currently on the market. Created to meet the needs of oxygen therapy patients and home medical equipment providers – for use at home, away, and for travel. OxyGo NEXT will allow healthcare providers to improve patient outcomes through a new wireless connectivity platform using Bluetooth technology.
  • In October 2018, Resmed launched CPAP mask-Airlift f30i for Hospitals and Respiratory Care Physicians in the US.

Know More about What the Oxygen Therapy Equipment Market Repost Covers
Future Market Insights offers an unbiased analysis of the global Oxygen Therapy Equipment Market, providing historical data for 2015-2021 and forecast statistics from 2022-2032.

To understand opportunities in the Oxygen Therapy Equipment Market, the market is segmented on the basis of product, portability, and application across five major regions.

Key Segments Covered in the Oxygen Therapy Equipment Market Report

Oxygen Therapy Equipment Market by Product:

  • Oxygen Source Equipment
  • Oxygen Therapy Equipment for Cardiovascular & Thoracic Surgeries
    • Oxygen Concentrators
    • Liquid Oxygen
    • Oxygen Cylinders
  • Oxygen Delivery Devices
    • Oxygen Masks
    • Nasal Cannulas
    • Venturi Masks
    • Non-Rebreather Masks
    • Bag-Valve Masks
    • Other Oxygen Delivery Devices

Oxygen Therapy Equipment Market by Portability:

  • Stationary Oxygen Therapy Equipment Devices
  • Portable Oxygen Therapy Equipment Devices

Oxygen Therapy Equipment Market by Application:

  • Oxygen Therapy Equipment for COPD
  • Oxygen Therapy Equipment for Asthma
  • Oxygen Therapy Equipment for Cystic Fibrosis
  • Oxygen Therapy Equipment for Respiratory Distress Syndrome
  • Oxygen Therapy Equipment for Pneumonia
  • Oxygen Therapy Equipment for Other Diseases

Comments

Post a Comment

Popular posts from this blog

Urgent Care Market Global Volume Analysis, Size, Share and Key Trends 2022 to 2032

Image
 Between 2022 and 2032, the demand for Urgent Care Market is anticipated to increase globally at a moderate CAGR of roughly 5.4%, resulting in sizable revenues by the end of the projection period (2032). The rising prevalence of chronic diseases and accidents that necessitate emergency medical attention, together with rising healthcare institution investments in establishing and expanding urgent care infrastructure, are driving market growth. Future Market Insights (FMI) adopted a multidisciplinary approach during the pandemic-era to focus on the growth and development of the Urgent Care Market. The study features insights on the current growth dynamics and the major revenue reforms prevailing in the market as along with the key takeaways over the forecast. The team of analysts at Future Market Insights are focussing on research and market study to produce different Urgent Care Market forecasts and predictions at both national and international levels. They have considered several lea
Read more

Medical Bed Market Outlook : Global Industry Share, Growth, Drivers, Emerging Technologies, and Forecast Research Report 2022 to 2032

Image
 The Medical Bed Market  is expected to expand from US$3.4 billion in 2022 to US$5.5 billion in 2032 as a result of rising investments in medical infrastructure. From 2022 to 2032, the medical bed market is projected to grow at a 4.9% CAGR. In February 2022, the Government of New Delhi announced the establishment of 7 new hospitals, which would lead to the induction of nearly 7,000 new medical beds. In another instance, in 2020, China built an emergency hospital with 1,000 beds, 30 ICUs, and various isolation wards in only 10 days. Integration of smart technologies in medical beds is anticipated to offer significant opportunities to the market in the assessment period. As per a commercial software maintained by the Environmental Systems Research Institute, ArcGIS, there were about 816,554 staffed bed demands with smart features across the hospitals in the U.S till September 2020. Request Sample Report @  https://www.futuremarketinsights.com/reports/sample/rep-gb-15013 Furthermore, risi
Read more

Cell Line Development Services Market Size 2022 Competitive Analysis, Opportunities with Challenges, Demand by Regions, Latest Trends, Industry Share, Key Dynamics and Forecast till 2032

Image
  Demand for Cell Line Development Services Market  is projected to be worth US$ 5,965.9 billion globally in 2022 and to increase at a CAGR of 7.4% to US$ 13,130.8 billion globally from 2022 to 2032. Future Market Insights (FMI) presents its new, comprehensive study on the  Gobal Cell Line Development Services Market  spanning from 2020 to 2027. Researches at FMI have no left no stone unturned in bestowing readers a comprehensive view of the market, by studying the drivers, trends, challenges, and restraints. Backed by historical data and projected data, the report breaks down the vast study into numerous geographies and end-use segments, among others to condense the research. The report also considers production and consumption analysis, value chain analysis, key findings, important suggestions and recommendations, and other aspects. Sample of Research Report:   https://www.futuremarketinsights.com/reports/sample/rep-gb-4339   Analysts at FMI have employed in-depth analysis to o
Read more