Global Oxygen Therapy Devices Market 2017-2021

Global oxygen therapy devices market forecast

According to the Technavio’s analyst, the global oxygen therapy devices market is anticipated to grow at a steady rate and will post a CAGR of close to 11% during the forecast period. The growing inclination of patients towards home healthcare will drive the growth prospects for the global oxygen therapy devices market until the end of 2021. The modern medicine and improvement in healthcare services and devices to manage respiratory diseases from home have propelled the demand for oxygen therapy devices in the market. Furthermore, some of the major factors responsible for the growing demand for these devices and healthcare services is the reduction in healthcare expenditure and growing geriatric population who prefer home care over hospital stays.

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Oxygen therapy devices industry insights based on geography

Based on the oxygen therapy devices market outlook, the Americas accounted for the majority market share during 2016 and will continue to dominate the market for the next four years. Some of the major factors responsible for the market’s growth in the region is the rise in disposable income, growing awareness about the availability of various treatment options for OSA and RDS, and innovative product launches for oxygen support care systems.

Oxygen therapy devices market analysis and forecast: Competitive landscape and key vendors

The global oxygen therapy devices market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. It has been observed that these vendors increasingly compete against each other based on several factors such as aggressive pricing, product sensitivity, product differentiation, high investments, and technology upgrades. Furthermore, the competitive environment in the market is expected to strengthen due to the advancements in technology and product upgrades.

Key vendors in this market are 

• Chart Industries
• DeVilbiss Healthcare
• Fisher & Paykel Healthcare
• Invacare
• Philips Respironics

Oxygen therapy devices market analysis based on application 

• COPD
• Asthma
• RDS
• OSA
• Pneumonia
• CF

The chronic obstructive pulmonary disease (COPD) segment accounted for the majority market share during 2016 and will continue to dominate the market for the next four years. Some of the major factors responsible for the growing treatment option for people diagnosed with COPD is the rising use of tobacco in developed countries and the increasing air pollution in developing countries.

Oxygen therapy devices market size and share based on end user 

• Hospitals
• Homecare
• ASCs

According to the oxygen therapy devices industry insights, the hospitals and clinics segment accounted for the majority market share during 2016 and will continue to dominate the market during the forecasted period. Some of the major factors responsible for the market segment’s growth is the increasing investment in oxygen therapy devices, availability of high budget in comparison with other medical facilities, and penetration of new portable oxygen concentrators in emergency units of large hospitals.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global oxygen therapy devices market?
• What are the key market trends impacting the growth of the global oxygen therapy devices market?
• What are the challenges to market growth?
• Who are the key vendors in the global oxygen therapy devices market?
• What are the market opportunities and threats faced by the vendors in the global oxygen therapy devices market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global oxygen therapy devices market?

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