The Global Oxygen Therapy Market Is Expected To Grow During The Forecast Period Due To An Increase In The Prevalence Of Respiratory Disorders

 

Oxygen Therapy

Oxygen therapy is the use of oxygen as a medical intervention to maintain adequate oxygen levels in conditions such as hypoxia, hypoxemia, and others. Oxygen can be delivered via nasal cannula, face mask, or hyperbaric oxygen chamber. This therapy aids in the maintenance of blood oxygen levels in the treatment of acute and chronic diseases such as chronic obstructive pulmonary disease (COPD), pneumonia, and asthma. Long-term oxygen therapy is frequently beneficial in COPD patients. Cystic fibrosis, dysplasia, heart failure, sleep apnea, and lung disorders are a few other acute or chronic disease conditions where oxygen therapy can help.

 

The Oxygen Therapy market is primarily divided into two product categories: Oxygen Sources and Oxygen Delivery Devices. Positive airway pressure (PAP) devices, oxygen cylinders, oxygen concentrators, and liquid oxygen devices are the various types of oxygen source devices. Among these, we estimated that PAP devices contributed approximately 16.23 percent of the total market in 2016, which was the lowest when compared to other segments. The availability of alternative devices, combined with intense competition in this product segment, is expected to slow segment growth.

 

Oxygen therapy is used for people who are unable to get enough oxygen naturally due to a variety of rebuking ailments such as COPD, sleep apnea, asthma, and others. Breathing disorders have a negative impact on energy levels and normal body functions. Furthermore, low oxygen levels resulted in low energy levels and a variety of other conditions. To improve the breathing activity of a patient suffering from breathing problems, additional oxygen must be administered via an oxygen face mask and nasal cannula.

 

The global Oxygen Therapy Market is expected to grow during the forecast period due to an increase in the prevalence of respiratory disorders, an increase in the elderly population, and an increase in the population's vulnerability to respiratory ailments. According to the Centers for Disease Control and Prevention, over 15.7 million people in the United States were diagnosed with COPD in 2013. (CDC). Furthermore, advances in portable oxygen concentrators, an increase in the number of untreated sleep apnea cases, a favourable reimbursement scenario, rising demand for oxygen filling devices, good medical facilities, and high R&D investment are expected to drive market growth.

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