The Global Oxygen Therapy Market Is Divided Into Four Sections: Source Equipment, Application, Delivery Device, And End Use

 

Oxygen therapy is a medical treatment that is given to patients who are ill. It can help patients get enough oxygen. This therapy is widely used to treat a wide range of diseases, including COPD, Obstructive Sleep Apnea, Asthma, Respiratory Distress Syndrome, and Pneumonia. Furthermore, the rise in the prevalence of both acute and chronic diseases necessitates the urgent need for oxygen therapy equipment. The rise in COPD incidences, combined with an increase in demand for home healthcare, are viewed as key driving factors that are expected to drive the global oxygen therapy market growth. According to the National Institute of Health, approximately 12 million adults in the United States have been diagnosed with chronic obstructive pulmonary disease, with approximately 120,000 deaths occurring each year. Over the forecast period, the increase in patient population is expected to fuel demand for these products.

Oxygen Therapy

 

According to the World Health Organization (WHO), total COPD deaths are expected to rise by approximately 30% over the next decade, necessitating the inclusion of oxygen therapy as a treatment option. However, it is predicted that COPD will be the third most fatal disease in the world by 2024, expanding the consumer base for the oxygen therapy market. The rising demand for technologically advanced systems, such as portable oxygen concentrator systems, has also contributed to the global oxygen therapy market's expansion. Pulse oximetry devices and nasopharyngeal oxygen therapy are two major advancements.

 

The global Oxygen Therapy Market is divided into four sections: source equipment, application, delivery device, and end use. The oxygen therapy market is divided into three types of source equipment: oxygen cylinders, liquid oxygen devices, and oxygen concentrators. The oxygen therapy industry is divided into nasal cannula, face mask, bag valve mask, venturi mask, oxygen mask, non-rebreather mask, and CPAP devices. The global oxygen therapy market is classified by application as asthma, cystic fibrosis, COPD, pneumonia, respiratory distress syndrome, and cardiovascular diseases.Oxygen therapy is used in hospitals to treat patients with respiratory diseases such as COPD and pneumonia, as well as cardiovascular diseases, which is fueling the growth of the oxygen therapy market. In addition, oxygen therapy is used in clinics, rehabilitation centres, and home care settings.

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