World Oxygen Therapy Equipment Sector to Post 8.7% CAGR to 2022, States M&M in Its Report Published at MarketPublishers.com
19 Jun 2017 • by Natalie Aster
LONDON – The world market for oxygen therapy equipment is forecast to reach USD 4.01 billion by 2022, posting an 8.7% CAGR to 2022. The key factors stimulating the market growth are the rising incidence rate of respiratory illnesses, growing ageing population, increased prevalence of tobacco consumption, preference for home oxygen treatment, and technical innovations. However, the market growth is restrained due to the accessibility of cheap alternates by domestic manufacturers, stringent regulatory guidelines instigating delays in product approvals, and Medicare reimbursement cuts for home oxygen therapy across the USA.
Geography-wise, the oxygen therapy equipment marketplace is led by North America. In the offing, the APAC region is poised to be the fastest growing region on the back of massive investments in healthcare, rising spending on healthcare alongside increased coverage of health insurance, and increased levels of disposable income, especially in such countries as Japan, China, and India.
Philips Healthcare, Chart Industries, Becton, Smiths Medical, Drägerwerk AG & Co. KGaA, Teleflex Incorporated, Inogen, Linde Healthcare, Messer Medical Austria GmbH, medicap homecare GmbH, GCE Holding AB, Taiyo Nippon Sanso Corporation, Allied Healthcare Products, Medicop D.O.O., and Respan Products are amid the outstanding industry players.
Comprehensive research report “Oxygen Therapy Equipment Market - Global Forecast to 2022” elaborated by M&M presents an extensive assessment of the market on a global scale, covering its background, present-day performance and future prospects.
The study provides detailed market segmentation by product, portability, application, end-use sector, and based on region. It presents a comprehensive overall market size and estimates the sizes of individual markets. The micromarkets are also carefully examined in terms of growth trends, prospects, and contributions to the overall marketplace. The report gives details pertaining to key factors impacting the growth of the marketplace like drivers, hindrances, and opportunities. It provides an investigation of a competitive landscape covering the market players’ growth strategies during the last 3 years. Additionally, the research presents granular profiles of the top companies, including their product portfolios, latest developments, and strategies to keep and boost their shares in the market.
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