May 20th, 2022 Coherent Market Insights Releases
Oxygen therapy is used as a medical intervention to maintain adequate oxygen in conditions such as hypoxemia, hypoxia, and other related conditions. Oxygen can be administered through a face mask, nasal cannula, or hyperbaric oxygen chamber. Moreover, oxygen therapy helps to maintain the level of oxygen in the blood to treat acute and chronic diseases, such as asthma, pneumonia, and chronic obstructive pulmonary disease (COPD). Long-term oxygen therapy is beneficial for people with COPD. Moreover, oxygen therapy is effective for certain other acute or chronic diseases, such as sleep apnea, heart failure, dysplasia, cystic fibrosis, lung disorders, among others.
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Increasing prevalence of cardiovascular diseases, pneumonia, and COPD around the world is expected to augment the growth of the global oxygen therapy market over the forecast period.
Moreover, rising incidence of respiratory diseases and growing geriatric population is expected to boost the growth of the global oxygen therapy market. For instance, as per the World Health Organization (WHO), each year, around 3 million people around the world die due to COPD. Oxygen therapy is used to treat asthma, COPD, respiratory distress syndrome, and obstructive sleep apnea, increasing demand for oxygen therapy.
Furthermore, high investment in research and development activities, good medical facilities, growing demand for oxygen filling devices, favorable reimbursement scenario, rise in number of untreated sleep apnea cases, and innovation in portable oxygen concentrators are some major factors expected to aid in the growth of the global oxygen therapy market.
Increase in cases of lung damage cases and high demand for effective treatment is also expected to propel the growth of the global oxygen therapy market.
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North America, Europe, and Asia Pacific are expected to witness robust growth in the global oxygen therapy due to the high prevalence of cardiovascular diseases, asthma, and COPD, high demand for oxygen therapy, increase in research and development, favorable reimbursement scenario, and technological advancements. For instance, as per the U.S. Centers for Diseases Control and Prevention (CDC), in 2013, more than 15.7 million Americans were diagnosed with chronic obstructive pulmonary disease (COPD).
According to the WHO, around 90% of COPD deaths occur in low income and middle income countries. Furthermore, availability of low cost treatment, increasing awareness among medical facilities, and well-established healthcare facilities in these regions is expected to increase the demand for oxygen therapy.
Key players active in the global oxygen therapy market are ResMed, DeVilbiss Healthcare, CareFusion Corporation, AirSep Corporation, MAQUET Holding B.V. & Co. KG, Invacare Corporation, Teleflex Incorporated, Respironics, Inc. (Philips company), and Fisher & Paykel Healthcare Limited, among others.
In September 2018, CAIRE, Inc. launched a portable oxygen concentrator, named Freestyle Comfort. The new device features five pulse settings and innovative comfort curves.
In April 2018, Amandeep Hospital launched Hyerbaric Oxygen Therapy (HBOT), which will certainly help in quick healing of wounds, especially diabetic foot and non-healing wounds.
In April 2019, Inogen, Inc. announced the release to market of its innovative Inogen One G5 portable oxygen concentrator.
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Chapter 1 Industry Overview 1.1 Definition 1.2 Assumptions 1.3 Research Scope 1.4 Market Analysis by Regions 1.5 Oxygen Therapy Market Size Analysis from 2021 to 2028 11.6 COVID-19 Outbreak: Oxygen Therapy Market Industry Impact
Chapter 2 Oxygen Therapy Market Competition by Types, Applications, and Top Regions and Countries 2.1 Oxygen Therapy Market (Volume and Value) by Type 2.3 Oxygen Therapy Market (Volume and Value) by Regions
Chapter 3 Production Market Analysis 3.1 Global Production Market Analysis 3.2 Regional Production Market Analysis
Chapter 4 Oxygen Therapy Market Sales, Consumption, Export, Import by Regions Chapter 5 North America Oxygen Therapy Market Analysis Chapter 6 East Asia Oxygen Therapy Market Analysis Chapter 7 Europe Oxygen Therapy Market Analysis Chapter 8 South Asia Oxygen Therapy Market Analysis Chapter 9 Southeast Asia Oxygen Therapy Market Analysis Chapter 10 Middle East Oxygen Therapy Market Analysis Chapter 11 Africa Oxygen Therapy Market Analysis Chapter 12 Oceania Oxygen Therapy Market Analysis Chapter 13 South America Oxygen Therapy Market Analysis Chapter 14 Company Profiles and Key Figures in Oxygen Therapy Market Business Chapter 15 Oxygen Therapy Market Forecast (2021-2028) Chapter 16 Conclusions Research Methodology….
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