Data Bridge Market Research has recently added a concise research on Global Oxygen Therapy Equipment Market to depict valuable insights related to significant market trends driving the industry. The report features analysis based on key opportunities and challenges confronted by market leaders while highlighting their competitive setting and corporate strategies for the estimated timeline. Some are the key & emerging players that are part of coverage and have being profiled are Teleflex Incorporated (U.S.), Smiths Medical (U.S.), Fisher & Paykel Healthcare Corporation Limited (New Zealand),Drägerwerk AG & Co. KGaA (Germany),Inogen, Inc. (U.S.),Messer Medical Austria GmbH (Germany),HERSILL, S.L. (Spain),GCE Holding AB (Sweden),Allied Healthcare Products Inc. (U.S.),Respan Products Inc. (Canada), and DeVilbiss Healthcare (U.S.) among others.
Oxygen the therapy equipment is utilized for treating various sorts of respiratory illnesses because of its helpful palliative and supplementary part. It has turned into a vital component for precise management of different illnesses such as respiratory pain disorder,asthma, chronic obstructive pulmonary disease and many more.Advantages from oxygen therapy do enhance breathing pattern increase mental stamina and prevention from heart failure.
Analysis of Global Oxygen Therapy Equipment Market report:
Global Oxygen Therapy Equipment Market accounted to USD 2.61 billion in 2016 growing at a CAGR of 9.0%during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Major Market Drivers and Restraints:
- Increasing prevalence of respiratory disorders,
- Rise in geriatric population
- Growth in technological advancement
- Increase prevalence of tobacco smoking
Leading Key players profiled in this report are:
Some of the major players operating in global oxygen therapy equipment market are Linde Healthcare (Germany),Invacare Corporation (U.S.),Philips Healthcare (Netherlands),Chart Industries, Inc. (U.S.),Becton, Dickinson and Company (U.S.),Teleflex Incorporated (U.S.),Smiths Medical (U.S.), Fisher & Paykel Healthcare Corporation Limited (New Zealand),Drägerwerk AG & Co. KGaA (Germany),Inogen, Inc. (U.S.),Messer Medical Austria GmbH (Germany),HERSILL, S.L. (Spain),GCE Holding AB (Sweden),Allied Healthcare Products Inc. (U.S.),Respan Products Inc. (Canada), and DeVilbiss Healthcare (U.S.) among others.
Global Oxygen Therapy Equipment Market Segmentation:
- On the basis of product, global oxygen therapy equipment market is segmented into oxygen source and delivery devices. Oxygen source is further segmented into concentrator and cylinder. Oxygen source equipment is expected to dominate the market in the forecast period 2017-2024 due to increasing incidence of respiratory disorders and technological advancements.
- On the basis of portability, global oxygen therapy equipment market is segmented into stationary and portable.Stationary devices segment is expected to account the largest market in the forecast period due to respiratory disorders and increasing geriatric population.
- On the basis of application,global oxygen therapy equipment market is segmented into chronic obstructive pulmonary disease (COPD), asthma, cystic fibrosis and pneumonia.
- On the basis of end user,global oxygen therapy equipment market is segmented into hospital and home care.
- On the basis of geography, global oxygen therapy equipment market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa.
The global oxygen therapy equipment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes continuous manufacturing market shares for global, Europe, North America, Asia Pacific, and South America.
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The Global Oxygen Therapy Equipment Market report provides the global market size of the main players in each region. Moreover, the report provides knowledge of the leading markets players within the Global Oxygen Therapy Equipment Market. The industry changing factors for the market segments are explored in this report. This analysis report covers the growth factors of the worldwide market based on end-users. Market opportunities and recommendations for new investments are also encompassed in this report.
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