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Global Oxygen Therapy Market is valued to reach USD 5.2 Billion by 2026, growing at CAGR of 9.2% over forecast period 2020-2026.
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Oxygen Therapy Market Size, Growth & Trends | Industry Report, 2026 • Global Oxygen Therapy Market is valued to reach USD 5.2 Billion by 2026, growing at CAGR of 9.2% over forecast period 2020-2026. Increasing awareness for the pre-diagnostic tests, growing incidences of chronic respiratory diseases and rising adoption of on-demand and continuous Portable Oxygen Concentrators (POC) as emergency medicine are the factors propelling the market. • Market Trends, Drivers, Restraints and Opportunity: • Rise in technological developments in the medical domain pertaining to therapy equipment for acute and chronic respiratory disorders is likely to drive the market growth throughout the forecast span • Rise in geriatric population with respiratory disorders and availability of medical equipment to cater to the medical needs seems to contribute towards market development • In addition, surge in demand for oxygen therapy equipment is more likely to enlarge the market size. Moreover, personalized treatment is one of the major growth aspect witnessed all across the world. Innovation such as nasopharyngeal oxygen therapy and pulse oximetry devices are some of the recent advances • On contrary, lack of awareness and medical delays are some of challenges witnessed across the global market
Scope of the Report: The report on global Oxygen Therapy market includes an assessment of the market size, share, trends, segments, regional markets and competitive scenarios. Segment overview and dynamics have been included in the report. Request for Free Sample: https://dataintelo.com/request-sample/?reportId=130097
Oxygen Therapy Market Segment Share Insights: High adoption of face masks witnessed across the globe By device, the market can be segmented as face masks, nasal canula, trans-tracheal therapy and hyperbaric oxygen chamber. Face masks hold a significant share in the global market attributing to surge in demand driven by rise in air pollution across the globe. Nasal canula is more likely to emerge as a growing segment attributing to the rise in popularity. Oxygen cylinders to hold a prominent market share By product, the market can be segmented as oxygen concentrators, liquid oxygen and oxygen cylinders. Oxygen cylinders accounted for a significant market share attributing to the rising popularity of compressed oxygen. North America to establish a strong presence in the global market By region, oxygen therapy market can be segmented as North America, South America, Europe, Asia Pacific, Middle-East and Africa. North America is a major market for oxygen therapy and treatment as there has been rise in cases of asthma, COPD and breathing disorders. The presence of advanced healthcare infrastructure in developed regions triggers the regional development in U.S. market. In addition, technological advancements are highly witnessed all across the U.S. Europe is anticipated to be an emerging market pertaining to ongoing technological developments and research.
Competitive Landscape: • Some of the key players in the Oxygen Therapy market are Chart Industries Inc., In Acare Corporation, Dickinson and Company, Smiths Medical, Teleflex Inc., Fisher & Paykel Healthcare Corporation Ltd, Taiy Nippon Sanso Corporation and Koninklijke Philips N.V. Mergers & acquisitions, trends and analysis pertaining to strategic collaboration among partners and mutual agreements and partnerships are some of the growth strategies identified. The key players are adopting innovative methods for product launch to strengthen their geographical presence. • Segments Covered in the Report • The global Oxygen Therapy market can be segmented based on End-use, Type and region. • By Device: • Nasal canula • Face mask • Hyperbaric oxygen chamber • Trans-tracheal therapy • By Product: • Liquid oxygen • Oxygen concentrates • Face mask • Trans-tranchealtherapy
By End-Use: • Clinics • Hospitals • Home Healthcare • Rehab • By Region: • North America • LAMEA • Europe • Asia Pacific • Middle-East • Africa • Discover More @ https://dataintelo.com/