According to the new market research report "Oxygen Therapy Equipment Market by Product (Oxygen Source (Concentrator, Cylinder), Delivery
Devices), Portability (Stationary, Portable), Application (COPD, Asthma, Cystic
Fibrosis, Pneumonia), End User (Hospital, Home Care) - Global Forecast to 2022",
published by MarketsandMarkets™, The oxygen therapy equipment market is expected to reach USD
4.01 Billion, at a CAGR of 8.7%
Factors driving
the growth of this market are the increasing prevalence of respiratory
disorders, rapid growth in the geriatric population, prevalence of tobacco
smoking, preference towards home-based oxygen therapy, and technological
advancements to develop novel products delivering oxygen therapy.
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Oxygen source equipment is expected to dominate the market in 2017
On the basis of
products, the oxygen therapy equipment market is segmented into oxygen source
equipment and oxygen delivery devices. The oxygen source equipment segment is
expected to dominate the global oxygen therapy equipment market in 2017. The
increasing incidence of respiratory disorders and technological advancements to
develop smaller, quieter and more effective equipment are key drivers
increasing the demand for oxygen source equipment.
148 - Tables
46 - Figures
175 - Pages
Stationary oxygen
therapy devices are estimated to command the largest market share in 2017
The oxygen
therapy equipment market is segmented by portability into stationary devices
and portable devices. In 2017, the stationary devices segment is expected to
account for the largest share of the oxygen therapy equipment market, by
portability. Severe complications in patients suffering from respiratory
disorders and the increasing proportion of geriatric population across the
globe are major drivers for the growth of this segment.
North America to
account for the major market share in 2017
Based on region,
the oxygen therapy equipment market is segmented into North America, Europe,
Asia-Pacific, and Rest of the World (RoW). North America is expected to
dominate the oxygen therapy equipment market in 2017 on account of the
increasing proportion of the geriatric population, rising number of hospitals,
and increasing awareness regarding oxygen therapy.
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Release on “Oxygen Therapy Equipment Market”:
Key players in the
oxygen therapy equipment market include 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), medicap homecare GmbH (Germany),
GCE Holding AB (Sweden), Allied Healthcare Products Inc. (U.S.), Medicop D.O.O.
(Slovenia), Andreas Fahl Medizintechnik-Vertriebs GmbH (Germany), and Respan
Products Inc. (Canada).