Global Oxygen Therapy Equipment Market - Analysis By Product, Portability, Application, Region, Country: Opportunities and Forecast (2017- 2022)

Date: 16 October 2017

Globally, the market for oxygen therapy equipment has grown at a moderate pace of ~ 7.7% in the period 2012-2017 and amounted to USD 2.23 billion in the year 2017. The growth is backed by rising incidences of chronic respiratory ailments, ongoing demographic shift towards geriatric population as well as increasing health care expenditure. Apart from these factors, technological advancements in medical technology as a result of high R&D investment have also been instrumental in impelling growth in the market.

The segment of oxygen concentrators has developed at a noteworthy rate since its institution in the medical industry. On account of growing air pollution, particularly in developing countries including China, India, Brazil, etc., incidences of COPD, Acute Asthma and other inveterate respiratory diseases has been on the rise. Amongst the regions, North America accounts for the largest regional share in the global oxygen therapy equipment market in 2016. Emerging nations in Asia Pacific region such as China and India displayed a lot of potential and is anticipated to be one of the fastest growing region in the forecast period. Key factors driving the robust growth rate of APAC region include precarious levels of air pollution, increase in per capita expenditure on healthcare coupled with large patient pool. In the recent years, medical device manufacturers such as DeVilbiss Healthcare, Philips Respironics, Fisher & Paykel Healthcare, Invacare Corporation, Chart Industries amongst others, have dedicated themselves in developing oxygen therapy solutions that can provide medical grade oxygen with high efficiency while ensuring maximum comfort to the patients.

Besides, ongoing infrastructural developments in addition to refinement of reimbursement policies in emerging nations is also anticipated to boost the market in the forecast period; however, there are certain challenges that have been restraining the growth in the market, including risk of failure associated with certain oxygen therapy equipment and its complex technology design. Further, growing adoption of these devices amongst patients suffering from long standing respiratory ailments is also anticipated to boost the global market in the forecast period. 

A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Oxygen Therapy Equipment Market by Product (Oxygen Concentrators, Liquid Oxygen Devices and Oxygen Cylinders), Portability (Stationary, Portable Devices), Application (COPD, Asthma, Cystic Fibrosis, Respiratory Distress Syndrome) for regions (North America, Europe, Asia Pacific, and Rest of the World) and countries (U.S, Canada, Germany, France, Japan, China, India, UAE, Saudi Arabia).