Global Oxygen Therapy Devices Market is projected to grow at astonishing CAGR of 5.90% to reach 3.14 Billion by the year 2023.
Oxygen Therapy Devices Market is anticipated to grow at a 5.90% CAGR from 2018 to 2023 and it is estimated that the global market was valued at USD 2.36 bn in 2018 and is relied upon to achieve USD 3.14 bn by 2023.
(EMAILWIRE.COM, August 29, 2018 ) Market Overview:
In the year 2018, The Global Oxygen Therapy Devices Market was valued at USD 2.36 Billion. By the year 2023, it is predicted to reach USD 3.14 Billion with pace of 5.90% CAGR. Various oxygen treatments are used to treat different respiratory infections due to their supplementary and efficient role. Aversion of heart failure, increased mental stamina and an enhanced breathing pattern are advantages of oxygen therapy. Global oxygen therapy market is positively affected by increasing usage of oxygen supply. The administration and supply of supplementary oxygen have turned into an indispensable part in the management of number of various diseases. Oxygen therapy is used to treat various diseases such as, asthma, obstructive sleep apnea, chronic obstructive pulmonary disease, respiratory distress syndrome, and Long-term oxygen treatments in patients suffering from severe lung disease are believed to improve the span and the quality of lives.
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Growing number elderly population and increasing demand for oxygen therapy are estimated to drive the market.
Factors affecting market growth:
Increase in respiratory diseases. (+)
Growing economies that support development of the market. (+)
Support from governments in the form of funding for introduction of new medicines. (+)
Growing number of healthcare facilities and awareness towards related chronic diseases. (+)
Less compensation and fluctuating regulatory policies. (-)
Get your customized report: https://www.marketdataforecast.com/market-reports/oxygen-therapy-market-3688/customize-report
North America leads the Global Oxygen Therapy Devices Market
Market Segmentation
The Global Oxygen Therapy Devices Market is segmented on the basis of geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
North America is leading the market globally with highest amount of about 40% part of the market share. This is because of funding for research and development and growth in product promotions. Europe region is trailing right behind North America region in terms of market share.it is expected to grow more in near future with involvement of European Committee for Hyperbaric Medicine (ECHM), which is promoting pertaining treatment. In addition, Asia Pacific region is estimated to reach greater position in the market with highest expected CAGR in forecasted period. This is because of growth in old age population, who need home based oxygen therapy, and presence of economically evolving economies such as India and China.
Browse full Table of Contents: https://www.marketdataforecast.com/market-reports/oxygen-therapy-market-3688/
Key players:
The major shareholders of the Global Oxygen Therapy Devices Market include Invacare Corporation, Fisher & Paykel Healthcare Limited, DeVilbiss Healthcare, ResMed Inc, AirSep Corporation, Teleflex Incorporated, and Respironics Inc. (a Philips company).
Contact Info:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Above ICICI Bank, B-44, Rd Number 3, Journalist Colony, Film Nagar, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
In the year 2018, The Global Oxygen Therapy Devices Market was valued at USD 2.36 Billion. By the year 2023, it is predicted to reach USD 3.14 Billion with pace of 5.90% CAGR. Various oxygen treatments are used to treat different respiratory infections due to their supplementary and efficient role. Aversion of heart failure, increased mental stamina and an enhanced breathing pattern are advantages of oxygen therapy. Global oxygen therapy market is positively affected by increasing usage of oxygen supply. The administration and supply of supplementary oxygen have turned into an indispensable part in the management of number of various diseases. Oxygen therapy is used to treat various diseases such as, asthma, obstructive sleep apnea, chronic obstructive pulmonary disease, respiratory distress syndrome, and Long-term oxygen treatments in patients suffering from severe lung disease are believed to improve the span and the quality of lives.
Request Report Sample: https://www.marketdataforecast.com/market-reports/oxygen-therapy-market-3688/request-sample
Growing number elderly population and increasing demand for oxygen therapy are estimated to drive the market.
Factors affecting market growth:
Increase in respiratory diseases. (+)
Growing economies that support development of the market. (+)
Support from governments in the form of funding for introduction of new medicines. (+)
Growing number of healthcare facilities and awareness towards related chronic diseases. (+)
Less compensation and fluctuating regulatory policies. (-)
Get your customized report: https://www.marketdataforecast.com/market-reports/oxygen-therapy-market-3688/customize-report
North America leads the Global Oxygen Therapy Devices Market
Market Segmentation
The Global Oxygen Therapy Devices Market is segmented on the basis of geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
North America is leading the market globally with highest amount of about 40% part of the market share. This is because of funding for research and development and growth in product promotions. Europe region is trailing right behind North America region in terms of market share.it is expected to grow more in near future with involvement of European Committee for Hyperbaric Medicine (ECHM), which is promoting pertaining treatment. In addition, Asia Pacific region is estimated to reach greater position in the market with highest expected CAGR in forecasted period. This is because of growth in old age population, who need home based oxygen therapy, and presence of economically evolving economies such as India and China.
Browse full Table of Contents: https://www.marketdataforecast.com/market-reports/oxygen-therapy-market-3688/
Key players:
The major shareholders of the Global Oxygen Therapy Devices Market include Invacare Corporation, Fisher & Paykel Healthcare Limited, DeVilbiss Healthcare, ResMed Inc, AirSep Corporation, Teleflex Incorporated, and Respironics Inc. (a Philips company).
Contact Info:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Above ICICI Bank, B-44, Rd Number 3, Journalist Colony, Film Nagar, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
Contact Information:
Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
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Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results