United States oxygen therapy equipment
market are anticipated to show a robust growth in the upcoming five years, 2023-2027.
the market growth can be attributed to increasing number of the patients
suffering from the pulmonary diseases and chronic diseases. Moreover, the
rising number of geriatric populations is also responsible for the substantial
growth of the United States oxygen therapy equipment market in the upcoming
five years.
Susceptibility of the geriatric population toward chronic diseases
and heart problems is extremely high due to various factors along with weakened
immunity. Therefore, they are major cause of the surge in the demand of the
oxygen therapy equipment in the forthcoming forecast period until 2027.
Furthermore, advanced technology and modern medicine has made it possible for
the various medical device to sustain and prolong the patient health with
medical devices like oxygen therapy equipment which is major factor driving the
market growth.
Oxygen therapy equipment are the medical
devices and tools that are involved in the collection, extraction, storage, as
well as the delivery process of the oxygen. The oxygen therapy is often given
to the patients who are suffering from pulmonary failure, lung diseases and
heart issues, basically the patients who are incapable to derive (or breathe
in) the oxygen from the air and utilize it.
The equipment is often expensive
and require proper handling. Though, the recent pandemic scenario saw global
population struggling with the availability of the oxygen therapy equipment,
mostly in the developing countries. United States has played a vital role in
providing with the equipment to the developing countries like India, China and
therefore the market growth is expected to rise in upcoming years too.
The United States oxygen therapy
equipment market segmentation is based on, product type, application, mobility,
end users, regional distribution, and competitional landscape. Based on product
type, the market is further segmented into oxygen source equipment and oxygen
delivery devices. Oxygen source equipment are the medical devices that help in
the extraction and accumulation of the oxygen from the air or from other
sources, these include, oxygen cylinders, oxygen concentrators, liquid oxygen
devices, and others.
Oxygen source equipment are anticipated to hold the larger
shares of the market due to their efficiency of concentrating and storing the
oxygen that is widely in demand due to increasing number of chronic diseases
suffering patients. Furthermore, oxygen delivery devices are expected to
register the fastest growing CAGR in the next five years due to the recent
pandemic that claimed many lives and patients being treated from the COVID-19
virus require all the oxygen delivery devices. Rising number of patients is
driving the growth of the market segment oxygen delivery devices, the
subsegment was further categorized into oxygen masks, nasal cannula, venturi
masks, non-breather masks, and others.
A partial list of market player in the
United States oxygen therapy equipment market includes, Philips Healthcare
(USA), Invacare Corporation, Inogen Inc., Fisher & Paykel Healthcare, Inc.,
GE Healthcare, Allied Healthcare Products, Inc., Smith’s Medical, Inc., DeVilbiss
Healthcare LLC, Dräger, Inc., Teleflex Incorporated, among others. These market
players hold larger shares of the market than the new market players.
With the
advancement of the technology, it is appropriate to say that the effective
research and development of the technologically advanced medical devices would
support the market growth and benefit the market players as well as the
consumers. New market players may focus on the research and development to
provide devices that satisfies the consumer demand as well as benefits the
market players in building their brand value. Other competitive strategies
include mergers & acquisitions and new product developments.
Objective
of the Study:
- To
analyze the historical growth of the
market size of United States oxygen therapy equipment market from 2017 to 2020.
- To
estimate and forecast the market size of United States oxygen therapy
equipment market from 2021 to 2027 and growth rate until 2027.
- To classify and
forecast United States oxygen therapy equipment market based on product type,
mobility, application, end user, competitional landscape, and regional
distribution.
- To identify dominant region or segment in the United States oxygen
therapy equipment market.
- To
identify drivers and challenges for United States oxygen therapy equipment
market.
- To
examine competitive developments such as expansions, new product launches,
mergers & acquisitions, etc., in United States oxygen therapy equipment
market.
- To identify and analyze the profile
of leading players operating in United States oxygen therapy equipment market.
- To identify key sustainable strategies adopted by market players in
United States oxygen therapy equipment market.
Click here to download the sample
TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of manufacturers, suppliers, and service providers across the country.
Subsequently, TechSci Research conducted primary research surveys with the
identified companies. While interviewing, the respondents were also enquired
about their competitors. Through this technique, TechSci Research could include
the manufactures which could not be identified due to the limitations of
secondary research. TechSci Research analyzed the manufactures, distribution
channels and presence of all major players across the country.
TechSci Research calculated the market size of United States oxygen therapy equipment market using a bottom-up approach,
wherein data for various end-user segments was recorded and forecast for the
future years. TechSci Research sourced these values from the industry experts
and company representatives and externally validated through analyzing
historical data of these product types and applications for getting an
appropriate, overall market size. Various secondary sources such as company
websites, news articles, press releases, company annual reports, investor
presentations and financial reports were also studied by TechSci Research.
Key Target
Audience:
- Oxygen therapy equipment manufacturers, end users, and other
stakeholders
- Distributers and suppliers of the products and other stakeholders
- Organizations, forums, and alliances related to oxygen therapy
equipment
- Market research and consulting firms
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as manufacturers,
suppliers, end users, etc., besides allowing them in strategizing investments
and capitalizing on market opportunities.
|
Attribute
|
Details
|
|
Base
Year
|
2021
|
|
Historical
Years
|
2017 –
2020
|
|
Estimated
Year
|
2022E
|
|
Forecast
Period
|
2023F –
2027F
|
|
Quantitative
Units
|
Revenue in
USD Million and CAGR for 2017-2021 and 2022E-2027F
|
|
Report
Coverage
|
Revenue forecast,
company share, competitive landscape, growth factors, and trends
|
|
Segments
Covered | - Product Type
- Mobility
- Application
- End User
|
|
Region
Scope
|
South-Region,
West-Region, Mid-West Region & Northeast-Region
|
|
Key
Companies Profiled
|
Philips Healthcare (USA), Invacare Corporation, Inogen Inc.,
Fisher & Paykel Healthcare, Inc., GE Healthcare, Allied Healthcare
Products, Inc., Smith’s Medical, Inc.,
DeVilbiss Healthcare LLC, Dräger, Inc., Teleflex Incorporated.
|
|
Customization
Scope
|
10% free
report customization with purchase. Addition or alteration to regional &
segment scope.
|
|
Pricing
and Purchase Options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase options
|
|
Delivery
Format
|
PDF and Excel through Email (We can also
provide the editable version of the report in PPT/Word format on special
request)
|
Report Scope:
In this report, United States oxygen therapy equipment market has been segmented into following
categories, in addition to the industry trends which have also been detailed
below:
- United States Oxygen
Therapy Equipment Market, By Product Type:
- Oxygen Source Equipment
- Oxygen Delivery Devices
- United States Oxygen Therapy
Equipment Market, By Mobility:
o Stationary
o Portable
- United States Oxygen Therapy
Equipment Market, By Application:
o COPD
o Asthma
o Obstructive Sleep Apnea
o Respiratory Distress Syndrome
o Others
- United States Oxygen Therapy
Equipment Market, By End User:
- Hospitals & Clinics
- Ambulatory Care Centers
- Homecare
- United States Oxygen Therapy
Equipment Market, By Region:
- South West
- Mid-West
- North East
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in United States oxygen therapy equipment market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following customization
options are available for the report:
Company
Information
- Detailed analysis and profiling of
additional market players (up to five).
United States Oxygen
Therapy Equipment Market is an upcoming report to be released soon. If you wish
an early delivery of this report or want to confirm the date of release, please
contact us at [email protected]