[185+ Pages Report] The latest “Oxygen Therapy Market” report encompasses the spectacle of the market in an analytical and comprehensive manner. The global Oxygen Therapy Market is estimated to value USD 4.1 Billion by 2026 from an initial value of USD 2.7 Billion in the year 2020 at a CAGR value of 8.3% during the period of 2021-2026.
New York, NY, Oct. 20, 2021 (GLOBE NEWSWIRE) -- Facts and Factors have published a new research report titled “Oxygen Therapy Market By Product (Oxygen Source Equipment & Oxygen Delivery Devices), By Application (Pulmonary Disease, Asthma, Obstructive Sleep Apnea, Respiratory Distress Syndrome, Cystic Fibrosis, Pneumonia, & Others), By End-User (Home Healthcare & Hospitals & Clinics), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 - 2026” in its research database
“According to the report, the global oxygen therapy market is predicted to be valued at approximately USD 2.7 Billion in 2020 and is expected to reach a value of around USD 4.1 Billion by 2026, at a CAGR of around 8.3% between 2021 and 2026.”
Global Oxygen Therapy Market: Overview
Oxygen therapy is the process of delivering oxygen to a patient who has the ability to not retain the function of their lungs due to some accidental damage that has been caused to them. Oxygen therapy is often referred to as supplemental oxygen and is often used for therapeutic measures such as low blood oxygen, carbon monoxide toxicity, and cluster headaches to name a few. Long-term oxygen is often the reason behind chronically low oxygen conditions and can often form COPD or cystic fibrosis.
Oxygen therapy is utilized for those subjects who are not able to get enough amount of oxygen in a natural way owing to myriad rebuking ailments like COPD, sleep apnea, asthma, and others. Breathing diseases adversely impact the energy level and normal body operations. Moreover, the reduced levels of oxygen led to low energy levels and many other conditions. In order to improve the breathing activity of a patient having breathing ailments, it is necessary to get additional oxygen via an oxygen face mask and nasal cannula.
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[185+ Pages Report] with a list of tables and figures
COVID-19 pre and post business impact analysis
Top market players profiles with sales & revenue analysis
Regional analysis using charts and graphs
Easy to understand graphical data
Key segments, industry drivers, challenges & opportunities in the global & regional market
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Industry Major Market Players
Chart Industries Inc.
Dickinson and Company
Dragerwerk AG & Co.
Fisher & Paykel Healthcare Corporation Limited
Taiyo Nippon Sanso Corporation
Essex Industries Inc.
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Key questions answered in this report:
What is the projected size & share of the Oxygen Therapy Market?
What are the key driving factors for the growth of the Oxygen Therapy Market?
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How many segments are analyzed in Oxygen Therapy Market?
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Global Oxygen Therapy Market: Growth Factors
The global oxygen therapy market is expected to be growing at a staggering rate owing to increasing incidences of chronic respiratory coupled with rising demand for healthcare settings to name a few. Additionally, increasing incidences of COPD pertained users on a global scale coupled with increasing target population is expected to increase the footprint of the global oxygen market during the forecast period. Moreover, the increasing advent of technology toward oxygen source and delivery measures coupled with increased adoption of oxygen-related therapies is expected to open new revenue opportunities for the global oxygen therapy market during the forecast period.
The global oxygen therapy market is expected to be driven by increasing popularity and increased adoption of on-demand and continuous Portable Oxygen Concentrators (POC) toward a wider range of applications in emergency medicine to name a few. Factors pertaining to the increasing number of key market players on a global scale coupled with increasing innovative solutions for products are expected to boost the global oxygen therapy market during the forecast period. However, the higher cost of equipment coupled with irregular reliability is expected to hamper the growth of the global oxygen therapy market during the forecast period.
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Global Oxygen Therapy Market: Report Scope
Market Size 2020 Value
USD 2.7 Billion
Market Forecast for 2026
USD 4.1 Billion
Expected CAGR Growth
CAGR 8.3% from 2021-2026
Top Market Players
Philips Healthcare, Linde Healthcare, Chart Industries, Inc., Invacare Corporation, Becton, Dickinson and Company, Smiths Medical, and Others
Products, Applications, End-Users, and Region
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
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Global Oxygen Therapy Market: Segmentation
The global oxygen therapy market is segmented into product, application, end-user, and regions.
On the basis of product, the global oxygen therapy market is divided into oxygen source equipment & oxygen delivery devices. The segment pertaining to oxygen source equipment is expected to occupy the largest market share during the advent of the forecast owing to increased availability of utilization of oxygen in the form of concentrators, compressed gas systems, cylinders, and liquid oxygen coupled with the latter serving as the primary source for oxygen therapy measures to name a few. On the basis of application, the global oxygen therapy market is categorized into chronic obstructive pulmonary disease, asthma, obstructive sleep apnea, respiratory distress syndrome, cystic fibrosis, pneumonia, and others. The COPD category is expected to witness the largest market share during the advent of the forecast owing to the rising number of people suffering from the latter disorder coupled with increasing clinical urgency demands to name a few. On the basis of end-user, the global oxygen therapy market is fragmented into home healthcare and hospitals & clinics. The hospitals and clinics segment is expected to witness the largest market share during the advent of the forecast owing to technologically advanced medical equipment present on-premises coupled with the integration of a wider range of facilities in controlled environments to name a few.
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Global Oxygen Therapy Market: Regional Analysis
North America is expected to witness the largest market share during the advent of the forecast owing to increased research and development trials in the region coupled with the increasing popularity of hyperbaric oxygen therapies to name a few. Additionally, increased urbanization measures coupled with the rising prevalence of occupational hazards are expected to increase the footprint of the oxygen therapy market during the forecast period. Moreover, the increased availability of various oxygen therapies in the region coupled with favorable government policies is expected to open new revenue opportunities for the oxygen therapy market during the forecast period. Asia-Pacific is expected to witness the fastest growing CAGR during the advent of the forecast owing to rising R&D measures coupled with increased penetration of international players to name a few.
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Global Oxygen Therapy Market: By Product Segment Analysis
Oxygen Source Equipment
Liquid Oxygen Devices
Oxygen Delivery Devices
Global Oxygen Therapy Market: By Application Segment Analysis
Obstructive Sleep Apnea
Respiratory Distress Syndrome
Global Oxygen Therapy Market: By End-User Segment Analysis
Hospitals & Clinics
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