Global Oxygen Therapy Market to Reach US$1.18 Billion, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global outlook on the Oxygen Therapy market. An aging global population, increasing occurrence of respiratory diseases, technological advancements, product affordability, and growing demand for enhanced patient care are driving growth in the oxygen therapy market.

Oxygen Therapy: A Global Outlook

Follow us on LinkedIn – Oxygen therapy, integral component of the healthcare industry, also forms a major component of the alternative medicine industry. The widespread adoption of oxygen therapy devices is largely attributed to the rise in incidences of respiratory diseases such as chronic obstructive pulmonary disease (COPD), asthma, and increased awareness of respiratory ailments. The number of people suffering from respiratory diseases is on the rise in both developed as well as developing countries, primarily due to the increasing health hazards of chemical pesticides and cigarette smoking. Increased user benefits at affordable prices are expected to fuel demand for oxygen therapy equipment.

Technology and regulatory specifications have contributed to increased equipment affordability, particularly for long-term oxygen therapy (LTOT) and obstructive sleep apnea (OSA) patients. Technological advancements have also enhanced the mobility of oxygen therapy devices without compromising ease of use. Majority of the latest oxygen equipment are serviceable at home, thus eliminating the dependence on service provider for minor problems. Oxygen concentrators, which were hitherto predominantly stationary, are currently offering greater mobility, that too at lower costs. Technological advancements have also resulted in improved reliability and superior performance of oxygen delivery systems.

Worldwide medical oxygen systems market for home healthcare has been minimally impacted by the recession, due to the sustained demand for home oxygen therapy from the elderly. Continuous growth is anticipated in view of the sharp rise in elderly population across major home oxygen delivery systems markets, particularly the US and Europe. Growth is also attributed to the physicians and medical professionals’ encouragement for home treatment as a better means of patient recovery. In addition, the ongoing advancements in portability and performance features along with expanding coverage, broadens the usage of respiratory devices such as continuous positive airway pressure machines, liquid oxygen tanks, and oxygen concentrators. However, cuts in reimbursement of oxygen systems have slowed the overall growth of the market.

In the United States, the market for oxygen therapy devices is driven by the increased demand for early diagnosis of chronic obstructive pulmonary disease (COPD) and an aging population. Growth is also spurred by the surging demand for oxygen concentrators and oxygen regulators. Oxygen Concentrators, the largest segment in oxygen therapy devices market, is witnessing moderate growth owing to the widespread acceptance of portable oxygen cylinders among the elderly. These devices hold an edge due to their small size and less weight when compared to alternative oxygen concentrator devices. On the other hand, oxygen regulators segment is benefiting from the price declines in recent years, which has fuelled volume sales.

The research report titled “Oxygen Therapy: A Global Outlook” announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers an aerial view of the global industry, identifies major short to medium term market challenges, and growth drivers. Market discussions in the report are punctuated with fact-rich market data tables. Regional markets elaborated upon include United States, Canada, Japan, China, and India, among others. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of companies worldwide.

For more details about this comprehensive industry report, please visit –
http://www.strategyr.com/Oxygen_Therapy_Industry_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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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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