North America to Dominate the Oxygen Therapy Devices Market

Thu, 21 May 2020 10:46

Oxygen therapy devices are used to deliver pure oxygen to the lungs under high atmospheric pressure. Under normal conditions, around 14.7 pounds per square inch of pressure with 21% of oxygen in inhaled, whereas oxygen therapy devices deliver 100% oxygen. This helps the oxygen molecules to condense and allow the intake of a higher amount of partial pressure of oxygen, where oxygen dissolves in the plasma around 10 to 15 times greater than normal.  

Super-saturation of oxygen in the body increases capillary growth, white blood cell (WBC) activity, new tissue development, oxygen tension in hypoxic areas, reduction in the size of gas bubbles, and numerous other physiological effects. The growing popularity of on-demand and continuous portable oxygen concentrators drives market growth. In line with this, the market players are channelizing efforts to develop technologically advanced oxygen therapy devices at competitive prices to sustain in the raging competition.  

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Oxygen Therapy Devices Market?

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Key Highlights

  • The oxygen therapy devices market size was estimated at USD 2,870 million in 2019 and is projected to grow with a CAGR of 8.5% due to the increasing prevalence of respiratory diseases and rapid technological advancement
  • The oxygen source devices held significant market share in 2018 owing to the easy availability of various oxygen source devices
  • The obstructive sleep apnea segment is projected to grow at a significant CAGR
  • North America dominates the oxygen therapy devices market owing to high R&D investments and clinical trials pertaining to oxygen therapy

Key Player

  • Philips Respironics Inc.
  • ResMed
  • Fisher & Paykel Healthcare Limited
  • MAQUET Medical Systems
  • GE Healthcare
  • Invacare Corporation
  • CareFusion Corporation
  • Smiths Medical
  • DeVilbiss Healthcare
  • Tecno-Gaz Industries
  • Teleflex Incorporated
  • Chart Industries

Recent Development

  • In May 2019, Agile Medical launched an online store for oxygen concentrator supply to offer products for the treatment of respiratory disorders and expand the customer base

Oxygen Therapy Devices Market Segmentation

By Product

  • Oxygen source devices
  • Oxygen delivery devices

By Application

  • Chronic obstructive pulmonary disease
  • Asthma
  • Obstructive sleep apnea
  • Respiratory distress syndrome
  • Cystic fibrosis
  • Pneumonia

By End-Use

  • Home healthcare
  • Hospitals and clinics

By Region

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • The Middle East and Africa

" Crucial Insights The Report Provides:"

* Known and Unknown Adjacencies Influencing the Growth of Market

* Explorable Revenue Sources

* Customer Behaviour Analysis

* Target Partners

* Customized Geographical Data Based on Customers as well as Competitors

* Analysis of Market Size and CAGR between the Forecast Periods

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