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Oxygen Therapy Equipment Market is Expected to be More Than US$ 1 Bn, at CAGR of Nearly 8.7%: MarketsAndMarkets

Growth Opportunities in Oxygen Therapy Equipment

The Research Report on Oxygen Therapy Equipment Market Consist 148 market data tables and 46 figures spread through 175 pages and in-depth TOC, which covers Global Market overview, Major Key Players detailed Analysis, market opportunities, market risk, forecast for the next five years, major driving factors for the market as well as detailed analysis for CAGR, scope, research findings, leading key players marketing strategy to acquire major market in the form of revenue.

 

Growing incidence of respiratory diseases, growth in the elderly population, preference towards home-based oxygen therapy, and technological innovations are driving the growth of this market.

 

The global oxygen therapy equipment market is segmented by product, portability, application, end users, and regions.

 

Oxygen Therapy Equipment Market Based on Product;

by-product, the market is segmented into oxygen source equipment and oxygen delivery devices. The oxygen source equipment segment is expected to lead the global market. The rising incidence of respiratory disorders and technical innovations in the field are key growth factors of this subsegment.

 

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Oxygen Therapy Equipment Market Based on end user;

 

the market is segmented into home care settings, hospitals, and ambulatory surgical centers (ASCs) & physician offices. the home care settings segment accounted for the greatest share and is projected to grow at the highest rate during the forecast period. Technological improvements and the growing usage of home-based therapy, especially in developed countries in North America and Europe are major factors fueling the market growth in this end-user segment.

 

Oxygen Therapy Equipment Market, by Application

  • COPD
  • Asthma
  • Cystic Fibrosis
  • Respiratory Distress Syndrome
  • Pneumonia

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Major industry players launched innovative products in the recent past and have plans to launch new products and expand across geographies via partnerships and acquisitions in the future. Philips Healthcare, Linde Healthcare, and Chart Industries have been identified as the top players in this market.

 

The key players in the market are Philips Healthcare (Netherlands), Linde Healthcare (Germany), Chart Industries, Inc. (U.S.), Invacare Corporation (U.S.), Becton, Dickinson, and Company (U.S.), Smiths Medical (U.S.), Drägerwerk AG & Co. KGaA (Germany), Teleflex Incorporated (U.S.), Fisher & Paykel Healthcare Corporation Limited (New Zealand), Taiyo Nippon Sanso Corporation (Japan), Inogen, Inc. (U.S.)

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