(Entertainment-NewsWire.com, October 06, 2018 ) Global oxygen therapy equipment market is expected to reach USD 4.01 billion by 2022, at a CAGR of 8.7% from 2017 to 2022. The major factors driving this market are the rising incidence of respiratory disorders, growing geriatric population, high proportion of tobacco smoking, inclination towards home-based oxygen therapy, and technical innovations.
Oxygen therapy equipment market segmented based on end users into home care settings, hospitals, and ambulatory surgical centers (ASCs) & physician offices. In 2017, home care settings segment is expected to command largest share & estimated to grow at fastest rate as compared to other segments. This can be attributed to technological developments to develop user-friendly devices & rising usage of home-based therapy, particularly in developed countries across North America & Europe.
The primary interviews conducted for this report can be categorized as follows: By Company Type - Tier 1 25 %, Tier 2 35% and Tier 3 40% By Designation C level 35%, Director level 25%, Others 40% By Region North America - 43%, Europe 19%, APAC 29%, RoW 9%
Oxygen therapy equipment market segmented into chronic obstructive pulmonary disease (COPD), asthma, respiratory distress syndrome, cystic fibrosis, pneumonia, & diseases/disorders, on basis of applications. COPD accounts for largest segment & is also fastest growing application segment in the market. Cases of COPD are rising across globe due to factors like proliferation of tobacco smoking and increase in geriatric population, which is in turn driving growth of this segment.
The report provides insights on the following pointers: Market Penetration: Comprehensive information on the product portfolios of the top players in the oxygen therapy equipment market Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the oxygen therapy equipment market Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments, and product portfolios of the leading players in the oxygen therapy equipment market Market Development: Comprehensive information about emerging markets. This report analyses the market for various oxygen therapy products across geographies Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the oxygen therapy equipment market
Study Coverage: The report analyses the oxygen therapy equipment market by products, portability, applications, end users, and regions. Apart from comprehensive geographic &product analysis and market sizing, the report also provides a competitive landscape that covers the growth strategies adopted by industry players over the last three years.
In addition, the company profiles comprise the product portfolios, developments, and strategies adopted by the market players to maintain and increase their shares in the market.
