shrikant gadewar
The global oxygen therapy equipment market is expected to register a growth of significant CAGR 8.9% during the forecast period (2018–2023).
However, factors such as high cost of oxygen concentrators and side effects implicated by the oxygen therapy devices restraints the market growth during the forecast period.
This consequent increase in demand is expected to drive the industry over the coming years.
Drägerwerk AG & Co. KGaA
Fisher & Paykel Healthcare Corporation Limited
The Global Oxygen Therapy Equipment Market has been segmented on the basis of product, portability, application, and end users.
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shrikant gadewar
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The Oxygen Therapy Market is estimated to be valued at US$ 36. Portable and stationary oxygen concentrators, oxygen cylinders and liquid oxygen devices are commonly used oxygen sources in oxygen therapy. According to the World Health Organization (WHO), chronic respiratory diseases account for over 4 million deaths each year globally. As oxygen therapy is widely used in the treatment of respiratory diseases, the growing disease burden will increase the demand for oxygen therapy products over the forecast period. Asia Pacific is anticipated to be the fastest growing market over the forecast period owing to growing healthcare expenditure and increasing incidence of respiratory diseases.
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The increasing prevalence of respiratory disorders is expected to drive the growth of the Oxygen Therapy Market over the forecast period. Moreover, the rising prevalence of asthma, pneumonia, and sleep apnea is further expected to boost market growth. Technological advancements in oxygen therapy devices are also driving the growth of the market. For instance, the development of portable oxygen concentrators has enabled patients to carry their oxygen therapy devices with them, improving their mobility and quality of life. In addition, the use of telemedicine for remote monitoring and management of patients receiving oxygen therapy is expected to further drive market growth.
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The global oxygen therapy market has witnessed significant growth in recent years due to the rising prevalence of respiratory diseases worldwide. The products associated with oxygen therapy include oxygen source equipment, oxygen delivery devices, and monitoring systems. The oxygen source equipment produces and regulates oxygen flow such as oxygen cylinders, liquid oxygen containers, and oxygen concentrators. This has contributed to the growing demand for portable oxygen concentrators especially among geriatric population suffering from chronic breathing disorders. Their miniaturized size and convenience have increased patient compliance towards long-term oxygen therapy.
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One significant innovation in portable oxygen therapy is the development of lightweight and compact oxygen concentrators. These functionalities allow patients to customize their oxygen delivery based on their activity level and oxygen requirements, conserving oxygen and ensuring optimal therapy. Wearable devices, like oxygen vests or backpacks, offer a discreet and hands-free solution for oxygen therapy. Furthermore, the integration of connectivity and monitoring features in portable oxygen devices has improved patient care. As technology continues to evolve, portable oxygen therapy devices are likely to become even more efficient, lightweight, and seamlessly integrated into patients' lives, promoting greater mobility and independence.
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Request sample pages for the Oxygen Therapy Market report and gain crucial industry insights that will help your business grow at: https://www. Benefits of oxygen therapy include improved oxygen delivery from alveoli to blood, cell metabolism, and tissue oxygenation. However, because oxygen therapy was the principal course of treatment for critically sick patients with coronavirus infections, oxygen therapy equipment remained in high demand throughout the crisis. Key Market Players:The Global Oxygen Therapy Market study provides market data by the competitive landscape, revenue analysis, market segments, and detailed analysis of key market players such as; Allied Healthcare Products, Inc. About Company:SPER Market Research® is one of the world’s most trusted market research, market intelligence, and consulting companies offering strategic research, custom research, market intelligence solutions, quantitative data collection, qualitative fieldwork, online research panel, and consumer research.
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The oxygen therapy market involves the provision of oxygen when oxygen levels within the body are too low. The Global Oxygen Therapy Market is estimated to be valued at US$ 42. Key Takeaways Key players operating in oxygen therapy market are Schmitz Cargobull, China International Marine Containers (Group) Ltd. Technological advancement in oxygen therapy delivery devices such as lightweight, high-density, and portable oxygen concentrators is pushing the market boundaries. Impact of COVID-19 on the Oxygen Therapy Market The outbreak of COVID-19 pandemic has significantly impacted the growth of the oxygen therapy market globally.
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