Medical Oxygen Systems: A Global Strategic Business Report
San Jose, California (Vocus) October 26, 2010
Worldwide medical oxygen systems market for home healthcare setting was minimally impacted by the recent economic slump globally. With recovery in the global economic situation, the market is expected to witness healthy growth over the coming years. The aging world population in need of oxygen therapy supports the buoyant growth. Major home oxygen delivery systems markets, including the US and Europe are set to record a sharp rise in elderly population. Another growth driver is the increasing incidence of respiratory diseases, such as chronic obstructive pulmonary disease (COPD) and chronic hypoxemia. These factors offer tremendous potential in store for oxygen therapies, which translates to lucrative opportunity for manufacturers of oxygen delivery equipment. Due to the growing respiratory diseases, marketers are focusing on manufacturing products such as oxygen cylinders, liquid oxygen, and oxygen conservers for such types of diseases.
The United States represents the largest region for medical oxygen systems worldwide, as stated by the new market research report on Medical Oxygen Systems. The US market for respiratory products has been increasing at a steady rate due to the aging population and the growing popularity to adopt treatment at cost effective delivery places such as the home and post-acute units. Growth in home oxygen equipment market is partly due to the physicians and medical professionals’ encouragement for home treatment as a better means of patient recovery. The rise in respiratory diseases is driving demand for oxygen systems including liquid oxygen systems, oxygen concentrators, and oxygen conservers. Europe trails the US in terms of sales of medical oxygen systems.
Oxygen Concentrators constitutes the largest medical oxygen systems segment. Liquid Oxygen Systems represents the other major product segment in the global medical oxygen systems market. Growth wise, Oxygen Conserving Devices segment is poised to register the fastest CAGR of more than 6.0% over the analysis period.
As more and more elderly patients inflicted with respiratory problems seek to lead an active lifestyle, manufacturers explore possibilities of developing portable, compact, and lightweight oxygen delivery systems designed to enhance patient mobility and address lifestyle changes in general. Rapid technological advancements, especially in the oxygen concentrator systems are beginning to yield greater reliability and convenience to the patient community. Technology-led innovations set the growth momentum for medical oxygen equipment market, as manufacturers continue to leverage latest technological advancements to innovate oxygen equipment that is not only reliable and convenient, but also cuts down the number of visits by service providers. As a result, equipment and service providers can derive significant cost savings without compromising on quality of care for the end-users. Additionally, outcome of ongoing research is expected to throw open several unexplored avenues for application of oxygen therapies, indicating even greater potential in the home market for medical oxygen equipment.
Major players profiled in the report include AirSep Corporation, DeVilbiss Healthcare, Inovo Inc., Invacare Corporation, Mallinckrodt Inc., Medical Gas Solutions, Philips Healthcare, SeQual Technologies Inc., Terumo Group, and Weinmann.
The research report titled “Medical Oxygen Systems: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the Medical Oxygen Systems markets, impact of recession on the markets, current market trends, key growth drivers, recent product introductions, recent industry activity, and profiles of major/niche global as well as regional market participants. The report provides annual sales estimates and projections for Medical Oxygen Systems market for the following geographic markets - US, Canada, Japan, Europe, and Rest of World. Key segments analyzed include Oxygen Concentrators, Liquid Oxygen Systems, Oxygen Cylinders & Regulators, and Oxygen Conserving Devices. Also, a seven-year (2000-2006) historic analysis is provided for additional perspective.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Medical_Oxygen_Systems_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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