New York, NY, April 04, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Oxygen Therapy Market by Oxygen Source Equipment (Oxygen Concentrators, Compressed Oxygen Cylinders, and Liquid Oxygen Systems), By Oxygen Delivery Devices (Oxygen Masks, Bag Valve Masks, Nasal Cannulas, Venturi Mask, and Others), by End-User (Hospitals & Clinics, Home Healthcare, and Rehabilitation Centers), and by Application (COPD, Asthma, Sleep Apnea, Respiratory Distress Syndrome, Cystic Fibrosis, Pneumonia, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global oxygen therapy market was valued at approximately USD 9,399 million in 2018 and is expected to generate around USD 19,884 million by 2025, at a CAGR of around 11.4% between 2019 and 2025.
Oxygen therapy is the process of administrating oxygen as chronic or acute patient care, as it is important for various cell activities. Additionally, the normal oxygen level is required in the body to maintain the various physiological functions. Oxygen therapy is used for patients who cannot get enough oxygen naturally, due to various breathing disorders, such as asthma, COPD, sleep apnea, etc. These disorders affect the transfer of oxygen from alveoli to the blood. Breathing disorders affect the energy levels and normal functioning of the body. To improve breathing disorder, patients need to get supplemental oxygen through oxygen face masks, nasal cannulas, etc. Oxygen therapy is used on the basis of pulse proximity test and arterial blood gas test.
Browse through 71 Tables & 33 Figures spread over 110 Pages and in-depth TOC on “Global Oxygen Therapy Market: By Type, Size, Share, Industry Segments, Growth, Analysis and Forecast, 2018–2025”.
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There are various factors that support the growth of the oxygen therapy market globally over the forecast period, such as the increase in the prevalence of breathing disorders, such as COPD, asthma, etc. As per the World Health Organization 2017, around 235 million globally suffer from asthma. Furthermore, technological advancements made in the existing oxygen delivery systems and favorable reimbursement policies are also expected to promote the growth of the global oxygen therapy market in the upcoming years. Moreover, huge investments made in research and development activities by major players are likely to lead to the development of new and advanced products over the assessment timeline. However, the high developmental cost of advanced and innovative devices and constantly changing regulations and stringent policies may inhibit the growth of the global oxygen therapy market in the future.
By oxygen source equipment, the market is segmented into oxygen concentrators, compressed oxygen cylinders, and liquid oxygen systems. Oxygen concentrators are expected to hold the largest market share in the future. Based on oxygen delivery devices, the market is fragmented into oxygen masks, bag valve masks, nasal cannulas, venturi masks, and others. The oxygen mask segment is expected to hold the largest market share over the forecast time period. By application, the market includes COPD, asthma, sleep apnea, respiratory distress syndrome, cystic fibrosis, pneumonia, and others. COPD segment accounts for the largest market share over the forecast timeframe. Based on end-user, the market is divided into hospitals and clinics, home healthcare, and rehabilitation centers. Hospitals and clinics are expected to dominate over the forecast time period.
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By region, North America is likely to emerge as the largest oxygen therapy market globally over the forecast time period. This can be attributed to the increased prevalence of breathing disorders and respiratory conditions, such as COPD, asthma, etc. Moreover, the presence of developed countries, such as the U.S. and Canada, with advanced healthcare facilities and infrastructure are expected to further promote the growth of the North American oxygen therapy market over the forecast time period.
Europe is likely to emerge as the second leading oxygen therapy market over the forecast time period globally in terms of revenue. This can be due to the presence of advanced research and development facilities in the region and continuous technological advancements.
Browse the full “Oxygen Therapy Market by Oxygen Source Equipment (Oxygen Concentrators, Compressed Oxygen Cylinders, and Liquid Oxygen Systems), By Oxygen Delivery Devices (Oxygen Masks, Bag Valve Masks, Nasal Cannulas, Venturi Mask, and Others), by End-User (Hospitals & Clinics, Home Healthcare, and Rehabilitation Centers), and by Application (COPD, Asthma, Sleep Apnea, Respiratory Distress Syndrome, Cystic Fibrosis, Pneumonia, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/oxygen-therapy-market
The Asia Pacific oxygen therapy market is expected to grow rapidly over the estimated time period, due to the presence of developing economies, such as India and China, and developing healthcare facilities across the region. Furthermore, the increased prevalence of various breathing disorders, rising pollution, growing number of smokers, and the presence of domestic and international market players with high investment capabilities for R&D activities in the region are also expected to contribute to the growth of the region’s oxygen therapy market.
Latin America and the Middle East and Africa are expected to grow at a considerable rate over the forecast time period, due to increased awareness among the people, various developments made in medical facilities, and improving economic conditions.
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Some players of the global oxygen therapy market are 3M, General Electric Company, Koninklijke Philips N.V., DeVilbiss Healthcare, Essex Industries, Inc., Fisher & Paykel Healthcare Limited, Inotec AMD Limited, Invacare Corporation, VitalAire, O2 CONCEPTS, OxyBand Technologies, Nidek Medical Products Inc., and MAQUET Holding B.V. & Co. KG.
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This report segments the global oxygen therapy market into:
Global Oxygen Therapy Market: Oxygen Source Equipment Analysis
- Oxygen Concentrators
- Compressed Oxygen Cylinders
- Liquid Oxygen Systems
Global Oxygen Therapy Market: Oxygen Delivery Devices Analysis
- Oxygen Masks
- Bag Valve Masks
- Nasal Cannulas
- Venturi Masks
- Others
Global Oxygen Therapy Market: End-User Analysis
- Hospitals and Clinics
- Home Healthcare
- Rehabilitation Centers
Global Oxygen Therapy Market: Application Analysis
- COPD
- Asthma
- Sleep Apnea
- Respiratory Distress Syndrome (RDS)
- Cystic Fibrosis
- Pneumonia
- Other
Global Oxygen Therapy Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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