Oxygen Therapy Market Size Worth $17.6 Billion By 2025 | CAGR: 9.9%
Published Date : 13 / 07 / 17 | Report Format: PDF
The global oxygen therapy market is expected to grow at growth rate of 9.9% to reach USD 17.6 billion by 2025. Oxygen therapy is a medical equipment that provides extra oxygen to the body tissues.Supplemental oxygen is used to treat medicalconditions such as asthma, COPD, and others in which the tissues of body donot have enough oxygen.In the hospital settings, oxygen devices are used during surgery to help give anaesthesia. After surgical procedure, a person may be given oxygen for a short time to help awaken from the anaesthesia.
The market is majorly categorized into products such as Oxygen Source and Oxygen Delivery Devices. Oxygen source devices categorized into Positive Airway Pressure (PAP) Devices, Oxygen Cylinders, Oxygen Concentrators, and Liquid Oxygen Devices. Oxygen Cylinders, and Oxygen Concentrators contribute significantly to the global market growth. Introduction of new advanced devices by key players helped this segment for the market demand.
Oxygen delivery devices is divided into Oxygen Masks, Venturi Masks, Non-rebreather Masks, Bag Valve Masks and others. Oxygen masks are the highest revenue generating segment, followed by the venturi masks. High demand coupled with advancement in technologies have surged the uptake of these products, leading to the market growth. For example, CareFusion offer AirLife disposable oxygen masks which is latex-free and made from soft ,high-grade vinyl resins. The smooth, and feathered edges device is designed for anatomical compatibility. Thus, provide superior patient comfort and reduce irritation points.
The market is further studied based on various applications of oxygen therapy devices such as for Chronic Obstructive Pulmonary Disease, Asthma, Obstructive Sleep Apnea, Respiratory Distress Syndrome, Pneumonia and others. Use of oxygen therapy devices for COPD and asthma is fast catching up and captured more than 65% share of the total market revenue. End user segment is divided into hospital and home healthcare field. Among which, we understood that the oxygen therapy devices is most prominent and widely used in home healthcare sector compared to the hospital facilities. Home healthcare captured almost 60% share of the global market revenue.
Geographically, North America captured 40.12% share of the global market in 2016. Increasing incidence of respiratory disorders is considered to be the primary driver for the market growth. According to Centers for Disease Control and Prevention (CDC), there were approximately 12.7 million adults aged over 18 reported to haveCOPD in the U.S. Regions such as Asia Pacific and Latin America is growing with the highest growth rate. Government initiatives coupled with growing demand for oxygen devices support the market demand.
Key players such as BiognostiX, Navigene Genetic Science Pvt Ltd., Micro Essential Labs, Kenosha C.V., GVS Filter Technology Inc., Alere, Diagnostics for All, Inc. and Bio-Rad Laboratories are present in this market.
KEY BENEFITS OF THE REPORT:
- Understanding of the strategies that are being adopted by the key players in this market to stay competitive
- Extensive analysis of the key players dominating the competitive landscape of this market
- In-depth analysis of the key factors are propelling the growth of the global market
- Detailed analysis of the geographic region that will witness the strongest growth
- Granular analysis of the current market scenario and the expected market grow
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY TYPES
- Oxygen Source Devices
- Positive Airway Pressure (PAP) Devices
- Oxygen Cylinders
- Oxygen Concentrators
- Liquid Oxygen Devices
- Oxygen Delivery Devices
- Oxygen Masks
- Venturi Masks
- Non-rebreather Masks
- Bag Valve Masks
MARKET, BY APPLICATION
- Chronic Obstructive Pulmonary Disease
- Obstructive Sleep Apnea
- Respiratory Distress Syndrome
MARKET, BY END USE
- Home Healthcare
MARKET, BY REGION
- North America
- Asia Pacific
- Rest of the World
MARKET, BY COUNTRY
- Further Breakdown of The North America Market
- Further Breakdown of The Europe Market
- Rest of Europe
- Further Breakdown of The APAC Market
- Rest of APAC
- Further Breakdown of The Rest of the World Market
- Middle East and Africa
- Latin America
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