Medical Oxygen Systems: A Global Strategic Business Report
San Jose, California (PRWEB) November 10, 2011
Follow us on LinkedIn - Worldwide medical oxygen systems market for home healthcare setting is set to witness healthy growth through 2017, driven by the growing demand for oxygen therapy products from an aging global population. Another growth driver is the increasing incidence of respiratory diseases, such as chronic obstructive pulmonary disease (COPD) and chronic hypoxemia. Due to the growing respiratory diseases, marketers are focusing on manufacturing products including oxygen cylinders, liquid oxygen, and oxygen conservers, for such types of diseases. As more and more elderly patients inflicted with respiratory problems seek active lifestyles, manufacturers are focusing efforts on 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. Such 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 stated by the new market research report on Medical Oxygen Systems, the US continues to remain the single largest regional market. The US market for respiratory products has been increasing at a steady rate due to the aging population and 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 industry is also witnessing increased demand for portable and compact oxygen systems for improved mobility. As a result, demand for portable oxygen conservers is outpacing that of liquid oxygen systems and the market for oxygen conservers is expected to grow rapidly in the coming years. The European market for medical oxygen systems is expected to register a CAGR of 8.1% over the analysis period. Increasing requirements of the elderly, improving standards of living and increased investment in public health services across Eastern Europe are contributing to the increased demand for medical oxygen systems.
Oxygen Concentrators represents the leading segment in the global medical oxygen systems market. The market has benefited from falling average prices, and technological advancements. Demand for oxygen concentrators is also rising as these products offer greater mobility and freedom of movement to the patients. Oxygen Conserving Devices segment is forecast to register the fastest CAGR of 9.6% over the analysis period.
Major players in the marketplace include AirSep Corporation, DeVilbiss Healthcare, Inovo Inc., Invacare Corporation, 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 trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections (US$ Million) for segments Oxygen Concentrators; Liquid Oxygen Systems; Oxygen Cylinders & Regulators; and Oxygen Conserving Devices across geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK and Rest of Europe), and Rest of World.
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 leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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