In recent years, there has been a growing prevalence of chronic respiratory diseases.
Global Oxygen Therapy Market – Overview
In recent years, there has been a growing prevalence of chronic respiratory diseases. These disorders include respiratory allergies, occupational lung diseases, chronic obstructive pulmonary disease (COPD), pulmonary hypertension, and asthma among others. The prevalence of these diseases has been on the rise across the globe, particularly among the low income and middle income nations. As per the findings of the World Health Organization (WHO), nearly 3 million people across the globe fall prey to COPD each year. This is highly alarming rate of growth, which has emerged as the chief driving factor for the adoption and growth of the oxygen therapy and hence the global oxygen therapy devices market. According to the research study conducted by Transparency Market Research, the global market for oxygen therapy devices is projected to reach a valuation worth US$2.8 Bn by the end of 2020.
Request Brochure of Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2156
Covid-19 to Have a Considerable Impact on Market Development
The market is expected to witness another prominent growth spike due to the outbreak of Covid-19 pandemic across the globe. Covid-19 is known to create breathing problems among patients. This is thus creating a huge demand for oxygen therapy and thus will provide a much deserved impetus to the overall development of the oxygen therapy devices market. The market is also expected grow due to the several advantages associated with oxygen therapy. Some of the key advantages of oxygen therapy are improved breathing patterns, better mental stamina, and lower risk of heart failure among others. Naturally, such wide range of benefits will also help in the development of the global oxygen therapy devices market in the coming years of the forecast period ranging from 2014 to 2020. The demand for oxygen therapy devices is projected to rise because of the latest developments and advancements in the medical procedures. With global healthcare industry widely acknowledging and adopting these developments, naturally, the market is expected to benefit from the same.
Request for Analysis of COVID19 Impact on Oxygen Therapy Devices Market – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=2156
In recent years, the administration of hyperbaric oxygen therapy has emerged to be a huge challenge for medical professionals. Several governments have introduced multiple initiatives in order to enhance their hyperbaric therapy devices in their administrative areas. For instance, Hamad Medical Corporation (HMC) announced that the company has now joined a group of market leaders that offer services in emergency and trauma care. The company has introduced hyperbaric oxygen therapy devices in Qatar, and is projected to accumulate a solid consumer base in the regional market.
Request for Custom Research - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=2156
North America to Continue Having Stronghold on Global Market
Some of the key companies operating in the global oxygen therapy devices market are AirSep Corporation, Philips Respironics, Inc., MAQUET Holding B.V. & Co. KG, ResMed, CareFusion Corporation, Teleflex Incorporated,Smiths Medical, Invacare Corporation, Fisher and Paykel Healthcare Limited, and DeVilbiss Healthcare LLC
Buy Oxygen Therapy Devices Market Report at https://www.transparencymarketresearch.com/checkout.php?rep_id=2156<ype=S
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700
Albany NY - 12207United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com