The global demand for Home Oxygen Therapy Devices Market is presumed to reach the market size of nearly USD XX MN by 2027 from USD XX MN in 2020 with a CAGR of XX% under the study period 2021 - 2027.
Home oxygen therapy devices refer to medical treatment offered to the patient’s home who needs enough oxygen. It is primarily used for many diseases treatment such as COPD, sleep apnea, asthma, and other diseases, where there is a shortage of supply of oxygen to patients. It is cost-effective, and there are various types of oxygen therapy can offered to patients, including liquid oxygen, hyperbaric oxygen therapy, and oxygen concentrators as per the specific requirement.
The growth of the market is mainly attributed to rising cases of respiratory disorders in smokers and secondary people inhaling the harmful smoke produced by tobacco smoking, growing geriatric population, preference towards home-based oxygen therapy, and spending capacity of the individuals getting increased during the forecast period. The market is likely to grow further due to the increase in the level of air pollution, causing increased susceptibility of the individuals to experience chronic diseases related to the respiratory tract. The significant driver of the market is the increase in the occurrence of chronic bronchitis. However, the threat to substitute products, stringent government regulation for product approval, and unawareness about the product are expected to hamper the market growth during the forecast period.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of home oxygen therapy devices. The growth and trends of home oxygen therapy devices industry provide a holistic approach to this study.
This section of the home oxygen therapy devices market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
- Oxygen Source Equipment
- Oxygen Delivery Devices
- Chronic Obstructive Pulmonary Disease (COPD)
- Obstructive Sleep Apnea
- Respiratory Distress Syndrome (RDS)
- Cystic Fibrosis
This section covers the regional outlook, which accentuates current and future demand for the Home Oxygen Therapy Devices market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Home Oxygen Therapy Devices Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the home oxygen therapy devices market include Philips, Linde Healthcare, Invacare Corporation, Smiths Medical, Teleflex Incorporated, Fisher & Paykel Healthcare, Taiyo Nippon Sanso, Inogen, Löwenstein Medical GmbH & Co KG, HUM GmbH and Allied Healthcare Products. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information based on primary and secondary research. Secondary research has been done using various sources, including (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. Additionally, our team conducts extensive primary research with key industry participants to gather first-hand data. The data is then analyzed and validated by industry experts.
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