Oxygen Therapy Equipment Market Outlook 2018: Top Manufacturers, Strategies, Challenges, Advancements, Geography Trends and Growth 2024

According to Data Bridge Market Research new Market report “Global Oxygen Therapy Equipment Market, By Product {Oxygen Source (Concentrator, Cylinder), Delivery Devices}; Portability (Stationary, Portable); Application (COPD, Asthma, Cystic Fibrosis, Pneumonia); End User (Hospital, Home Care); Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Trends and Forecast to 2024”, the global oxygen therapy equipment market accounted to USD 2.61 billion in 2016 at a CAGR of 9.0% during the forecast period of 2017 to 2024.

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Key Market points:

Factors such as increasing prevalence of respiratory disorders rise in geriatric population, high consumption of tobacco smoking and related products and technological advancements are driving the growth of this market.
Improvement in healthcare services and devices in respect of managing respiratory diseases from home itself has increases the demand for oxygen therapy equipment. For instance, home oxygen therapy (HOT) devices are appropriate for people with mild to moderate respiratory disorders such as asthma, chronic obstructive pulmonary disease (COPD) whereas, PAP devices are suitable for people with obstructive sleep apnea (OSA) as they are utilized in a natural home setting.

In 2016, North America accounted the largest market share and will dominate the market in the forecast period due to rise in disposable income new product development and rising awareness about the availability of various treatment options.

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Global Oxygen Therapy Equipment Market– Market Segmentation:

The global oxygen therapy equipment market is segmented on the basis of product, portability, application, and end user.
• Product
 Oxygen Source
o Concentrator
o Cylinder
 Delivery Devices
• Portability
 Stationary
 Portable
• Application
 COPD
 Asthma
 Cystic Fibrosis
 Pneumonia
• End User
 Hospital
 Home Care

Global Oxygen Therapy Equipment Market- Geographical Segmentation:
• North America
• South America
• Europe
• Asia-Pacific
• Middle East and Africa

Global Oxygen Therapy Equipment Market– Competitive Landscape:

The global oxygen therapy equipment market report contains an in-depth profiling of the key market players, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their position in the market. The report also covers the market shares for global, North America, Europe, Asia-Pacific, Middle East and Africa, and South America oxygen therapy equipment market.

Some of the major players operating in global oxygen therapy equipment market are Linde Healthcare (Germany), Invacare Corporation (U.S.), Philips Healthcare (Netherlands), Chart Industries, Inc. (U.S.), Becton, Dickinson and Company (U.S.), Teleflex Incorporated (U.S.), Smiths Medical (U.S.), Fisher & Paykel Healthcare Corporation Limited (New Zealand), Drägerwerk AG & Co. KGaA (Germany), Inogen, Inc. (U.S.), Messer Medical Austria GmbH (Germany), HERSILL, S.L. (Spain), GCE Holding AB (Sweden), Allied Healthcare Products Inc. (U.S.), Respan Products Inc. (Canada), and DeVilbiss Healthcare (U.S.) among others.

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