HEALTHCARE

Market Overview: . 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) a...

Market Highlights: The global oxygen therapy equipment market is expected to register a growth of significant CAGR 8.9% during the forecast period (2018–2023). Increasing prevalence of respiratory diseases, rising healthcare expenditure, growing geriatric population and favorable reimbursement policies are the drivers for the global oxygen therapy device market. 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. As per the National Institutes of Health (NIH), nearly 12 million adults have been diagnosed with COPD in the U.S. and 120,000 people die each year. According to the data published by the Global Asthma Network (GAN), asthma affects nearly 334 million people worldwide. Increasing patient population is expected to boost the demand for these products. This consequent increase in demand is expected to drive the industry over the coming years. Key Pla...