Oxygen Therapy Equipment Market – Analysis of Worldwide Industry Trends and Opportunities

Oxygen Therapy Equipment Market

Pune, India, 2020-Mar-25 — /EPR Network/ —

A number of factors, such as increasing prevalence of respiratory disorders, rapid growth in the geriatric population, high prevalence of tobacco smoking, preference towards home-based oxygen therapy, and technological advancements are expected to drive the growth of this market.

[175 Pages Report] The oxygen therapy equipment market is expected to reach USD 4.01 Billion, at a CAGR of 8.7% during the forecast period.

Research Methodology

Top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent submarkets. The overall market size was used in the top-down approach to estimate the sizes of other individual markets (mentioned in the market segmentation by product, portability, application, end user, and region) through percentage splits from secondary and primary research.

The bottom-up approach was also implemented (wherever applicable) for data extracted from secondary research to validate the market segment revenues obtained. Various secondary sources such as World Health Organization (WHO), United Nations Department of Economic and Social Affairs (UN DESA), Organisation for Economic Co-operation and Development (OECD), Centers for Disease Control and Prevention (CDC), World Bank, Food and Drug Administration (FDA), American Association for Respiratory Care (AARC), European Respiratory Society (ERS), Centers for Medicare & Medicaid Services (CMS), COPD Foundation, American Thoracic Society (ATS), corporate filings such as annual reports, SEC filings, investor presentations, and financial statements have been used to identify and collect information useful for this extensive commercial study of the oxygen therapy equipment market.

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Market Segmentation in Detailed:

On the basis of portability, the market is classified into stationary devices and portable devices. Patients are mostly confined to their beds during treatment which drives the stationary oxygen therapy devices market and helps the segment hold the largest share of the market in 2017.

On the basis of end users, the equipment market is segmented into home care settings, hospitals, and ambulatory surgical centers (ASCs) & physician offices. In 2017, the home care settings segment accounted for the greatest share and is projected to grow at the highest rate during the forecast period. Technological improvements and the growing usage of home-based therapy, especially in developed countries in North America and Europe are major factors fueling the market growth in this end-user segment.

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Geographical Analysis:

The global market is dominated by North America, followed by Europe. North America will continue to dominate the global market in the forecast period. However, Asia-Pacific is expected to witness the highest CAGR, with the growth in this market centered at China, Japan, and India. Increasing investment in healthcare, increase in healthcare expenditure, growth in disposable incomes, and an increase in healthcare insurance coverage are some factors propelling market growth in the APAC region.

Major Players Worldwide:

Major industry players in Oxygen Therapy Equipment Market launched innovative products in the recent past and have plans to launch new products and expand across geographies via partnerships and acquisitions in the future. Philips Healthcare, Linde Healthcare and Chart Industries have been identified as the top players in this market. These companies have a broad product portfolio with comprehensive features and have also launched innovative products. Further, these leaders have products for all end users in this segment, a strong geographical presence, and more importantly focus on continuous product innovations.

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