Oxygen Therapy Device Market Research Trembling Revenue by 2030
Market Insights
Oxygen is critical to survival and for the efficient functioning of the body's pulmonary system. Growing occurrences of respiratory disorders and the increase in incidences of chronic obstructive pulmonary diseases (COPD) have led to the growth of oxygen therapy devices as it is more cost efficient to use in the long term. Market Research Future has disclosed in its newest publication that the global oxygen therapy devices market size is expected to value USD 0.66 billion by 2030 and grow at a notable CAGR of 6.8% during the forecast period of 2022 to 2030.
Increasingly favorable medical device regulations, growing occurrence of respiratory diseases and the rapidly growing incidences of diabetes which can cause COPD, are some principal factors affecting the positive growth of the market. Moreover, the change in trends is witnessing consumers shift preference for affordable home healthcare, this motivating market growth.
Advancements in oxygen therapy devices are ongoing and are expected to facilitate growth for the global market in the coming years.
Key Players
Various leading local and global market players have been identified and profiled in the report to provide a panoramic view of the competitive landscape. Prominent players in the market include Fisher & Paykel Healthcare Limited, Inogen, O2 Concepts, Smith Medicals, Devilbiss Healthcare, Cardinal Healthcare, Respironics, Salter Labs, Masimo Corporation, CareFusion, Teflex, Bio-Med, Phillips Healthcare, 3B Medical, 3M Healthcare and Medtronic among others.
Market Segmentation
The global oxygen therapy market has been segmented on the basis of types of products, application, end-users, and region.
By types of products, the market has been segregated into non-re-breather mask, incubators, continuous positive airway pressure, liquid oxygen device, hyperbaric oxygen chamber, nasal cannula, cylinder, concentr
Market Insights
Oxygen is critical to survival and for the efficient functioning of the body's pulmonary system. Growing occurrences of respiratory disorders and the increase in incidences of chronic obstructive pulmonary diseases (COPD) have led to the growth of oxygen therapy devices as it is more cost efficient to use in the long term. Market Research Future has disclosed in its newest publication that the global oxygen therapy devices market size is expected to value USD 0.66 billion by 2030 and grow at a notable CAGR of 6.8% during the forecast period of 2022 to 2030.
Increasingly favorable medical device regulations, growing occurrence of respiratory diseases and the rapidly growing incidences of diabetes which can cause COPD, are some principal factors affecting the positive growth of the market. Moreover, the change in trends is witnessing consumers shift preference for affordable home healthcare, this motivating market growth.
Advancements in oxygen therapy devices are ongoing and are expected to facilitate growth for the global market in the coming years.
Key Players
Various leading local and global market players have been identified and profiled in the report to provide a panoramic view of the competitive landscape. Prominent players in the market include Fisher & Paykel Healthcare Limited, Inogen, O2 Concepts, Smith Medicals, Devilbiss Healthcare, Cardinal Healthcare, Respironics, Salter Labs, Masimo Corporation, CareFusion, Teflex, Bio-Med, Phillips Healthcare, 3B Medical, 3M Healthcare and Medtronic among others.
Market Segmentation
The global oxygen therapy market has been segmented on the basis of types of products, application, end-users, and region.
By types of products, the market has been segregated into non-re-breather mask, incubators, continuous positive airway pressure, liquid oxygen device, hyperbaric oxygen chamber, nasal cannula, cylinder, concentr
11 months ago
