Growing Prevalence of Respiratory Disorders to Drive Oxygen Therapy Equipment Market to Grow Stagnantly at a Perspective CAGR of 8.9% During Forecast 2018-2023

Market Overview:
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The global Oxygen Therapy Equipment Market is expected to exhibit a strong 8.9% CAGR over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global oxygen therapy equipment market is analyzed in detail in the report, which profiles the major factors responsible for the market’s growth and presents a detailed analysis of the key drivers and restraints affecting the market. Major players in the global oxygen therapy equipment market are also profiled in the report to provide readers with a comprehensive overview of the market’s competitive landscape. Major economic factors affecting the global oxygen therapy equipment market are also studied in the report to provide readers with an accurate insight into the oxygen therapy equipment market’s likely growth trajectory over the forecast period.
The growing prevalence of respiratory diseases such as chronic obstructive pulmonary disease (COPD) and asthma is likely to be the major driver for the global oxygen therapy equipment market over the forecast period. Oxygen therapy equipment is majorly used to supply asthmatic and COPD patients with extra oxygen to help combat their conditions. According to the World Health Organization, around 250 million people worldwide were afflicted with COPD in 2016, including more than 3 million deaths
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Competitive Analysis:

·         Medicop DOO
·         Messer Medical Austria GmbH
·         Essex Industries Inc
·         Allied Healthcare Products Inc
·         Fisher & Paykel Healthcare Corporation Limited
·         Invacare Corporation
·         Teleflex Inc
·         Dragerwerk AG & Co
·         Smiths Medical
·         Taiyo Nippon Sanso Corporation

Segmentation:
·         The global oxygen therapy equipment market is segmented on the basis of product type, portability, application, end use, and region.
·         By product type, the global oxygen therapy equipment market is segmented into oxygen source equipment and oxygen delivery devices.
·         By portability, the oxygen therapy equipment market is segmented into stationary and portable oxygen therapy devices.
·         By application, the market is segmented into cystic fibrosis, asthma, COPD, pneumonia, respiratory distress syndrome, and others.
·         By end use, the market is segmented into home care, hospitals, ambulatory surgical centers and physician offices, and others.

Regional Analysis:
The Americas is expected to dominate the global oxygen therapy equipment market over the forecast period, followed by Europe and Asia Pacific. The Middle East and Africa has the smallest share in the global oxygen therapy equipment market and is likely to remain the smallest market over the forecast period.

Industry News:
In September 2019: Myongji Hospital became the first site to install a multi-person hyperbaric oxygen therapy device in Seoul. Hyperbaric oxygen treatment is said to be beneficial in a number of conditions apart from respiratory devices, including diabetic foot, carbon monoxide poisoning, gas embolism, diving disease, brain abscesses, and more.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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