OXYGEN THERAPY DEVICE MARKET OVERVIEW
Oxygen plays a crucial role in making cells work in respiratory system fails to work properly, then there are devices that can back the oxygen intake system. Any kind of respiratory imbalance can be avoided using oxygen therapy devices.
The oxygen therapy devices industry is gaining massive traction from people who are suffering from chronic obstructive pulmonary diseases (COPD). The oxygen therapy devices market Share Grow with a 12% CAGR To reach the global valuation of 15 billion$ by during the forecast period (2017-2023).
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The global oxygen therapy devices market could benefit from the rising cases of lung, respiratory, heart, and other diseases. It is significantly getting impacted by changes in the lifestyle. At the same point of time, growing pollution across the world is emerging as one of the chief influences.
Top Key Players
Several players in the global oxygen therapy device market are making strategic contributions to ensure individual growth and expansion of the market as a whole. Some of the Top Players included in this Research study are,
Fisher & Paykel Healthcare Limited
and many more.
Oxygen Therapy Devices Market Segmental Analysis:
MRFR in oxygen therapy device market based on types of products, application, and end-users segments do unveil complexities that are lying within the oxygen therapy device market.
Types of products: incubators, non-re-breather mask, liquid oxygen device, concentrators & oximeter, hyperbaric oxygen chamber, continuous positive airway pressure, cylinder, and nasal cannula.
Applications: sleeping apnea, hypoxia, heart diseases, chronic obstructive pulmonary diseases (COPD), lung diseases, respiratory issues, and others.
End-users: hospital, clinics, and patients. The market finds significant traction from the hospital segment owing to its well-structured setup and capability of spending more money than the rest.
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Oxygen system manufacturers
Oxygen system Suppliers
Research and Development (R&D) Companies
Medical Research Laboratories
Academic Medical Institutes and Universities
Region-specific analysis of the oxygen therapy device market includes namely, the Americas, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW). This analysis by MRFR is expected to cover growth pockets and data-based on a volume and value.
The market in the Americas is leading the global oxygen therapy device market with almost 45% of the market share. The regional growth can be a result of the superior infrastructure of the segment and high expenditure capacity. But the market is also expecting the benefits of technological advancements.
Europe, on the other hand, is holding the second spot and shares similar features with the market of the Americas. The region is benefitting from increasing investment in the research and development sector. The APAC market is expected to be the fastest growing market. The region is expecting benefits from the huge population it has and revamped healthcare sector. It is anticipating an 8% CAGR during the forecast period. China and India are expected to play significant roles in taking the regional market ahead.
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1.1 Improving Medical Device Regulation
1.2 Growing Incidence Number Of Contagious And Non-Contagious Diseases
1.3 Increasing Prevalence Of Diabetes
1.4 Increasing Inclination Towards Home Healthcare
2.1 Risk Associated With Blood Transfusion
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