Worldwide Pollution to Trigger the Oxygen therapy device Industry Respiratory Diseases to Benefits

Oxygen therapy is referred to as the use of oxygen as medical intervention in order to maintain enough oxygen in conditions like hypoxemia, hypoxia, and other conditions. Oxygen is generally administered with the help of a face mask, nasal cannula, or through hyperbaric oxygen chamber. With this therapy, the level of oxygen in the blood is maintained for the treatment of acute and chronic diseases like pneumonia, chronic obstructive diseases (COPD), and asthma. Oxygen therapy is effective in conditions including dysplasia, cystic fibrosis, sleep apnea, heart failure, and lung disorders.

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Market Potential and Pitfalls

With the increasing incidences of respiratory, lung, heart, and other diseases, the global market for oxygen therapy device is presumed to flourish throughout the estimated period. Owing to changing lifestyle, people across the world are suffering from such respiratory diseases. Oxygen therapy is beneficial for patients suffering from heart diseases, asthma, lung diseases, sleeping apnea, COPD, and other respiratory issues as it enhances breathing power and the patients can stay active and fit for a longer period. Oxygen therapy is also beneficial for children suffering from chronic lung conditions. Symptoms such as headache, weakness, irritability, and fatigue are reduced with the help of this therapy. With the increasing popularity of on-demand Portable Oxygen Concentrators (POC) in applications such as emergency medicine, the demand for oxygen therapy devices is estimated to trigger. The growth is credited to the global competitors entering the market, clinical urgency for greater mobility, and high demand for portable technology by the consumers. Additional factors gearing up the market are the introduction of technologically advanced delivery devices and oxygen source which provides efficient patient care. Such advancements comprise sensors and conjunction of delivery devices with pulse dosemeters and flow regulating devices.

On the flip side, the high price associated with the oxygen therapy devices is considered to be a major concern inhibiting the market growth throughout the assessment period.

Global Oxygen therapy device Industry: Segmental Analysis

The global oxygen therapy device Industry has been segmented on the basis of types, application, and end-users.

By mode of types, the global oxygen therapy device Industry has been segmented into incubators, non-rebreather mask, liquid oxygen device, continuous positive airway pressure, nasal cannula, hyperbaric oxygen chamber, concentrators, cylinder, and oximeter.

By mode of application, the global oxygen therapy device Industry has been segmented into heart diseases, hypoxaemia, lung diseases, sleeping apnea, respiratory issues, chronic obstructive pulmonary diseases (COPD), and others. Among these, the COPD segment is considered to dominate the global market due to the increasing prevalence of COPD. With the increasing prevalence of COPD, the clinical urgency for the treatment is increasing, thus contributing to the business expansion.

By mode of end-users, the global oxygen therapy device Industry has been segmented into clinics, hospitals, and patients. Among these, the hospitals and clinics are likely to expand at a steady pace and are expected to retain its dominance. Technologically advanced equipment are extensively used in hospitals to improve the point of care, thereby contributing to the market growth.

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Competitive Dashboard

The prominent players operating the global oxygen therapy devices market are Devilbiss Healthcare, Phillips healthcare, Respironics, Cardinal Healthcare, Masimo Corporation, Salter Labs, Teflex, CareFusion, Fisher & Paykel Healthcare Limited, Bio Med, O2 Concepts, Inogen, Medtronic, Smith medicals, 3M Healthcare, 3B Medical, and others.