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Kenneth Research has evaluated the current market opportunities in Oxygen Therapy Market in the healthcare industry for the forecast period 2022-2031, which also includes the ongoing industry trends and innovations that will help industry players to attain their business targets. Apart from that, the inclusive data on market size, market share and forecast, growth opportunities and challenges for the market players, along with the worldwide analysis on regions- North America, Latin America, Europe, Asia Pacific and Middle East & Africa, has also been provided in the report.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Oxygen Therapy Market Products.
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According to the statistics by the World Bank, current health expenditure around the world increased from 9.391 % of GDP in the year 2011 to 9.896 % of GDP in the year 2017. Moreover, the statistics also stated that Tuvalu, a nation in Oceania region, had the highest expenditure of 17.143 % of GDP in the year 2017, followed by the United States, with 17.061 % of GDP.
The report covers the forecast and analysis of the Oxygen Therapy market on a global and regional level. The study provides historical data from 2015 to 2018 along with a forecast from 2019 to 2027 based on revenue (USD Million). The study includes drivers and restraints of the Oxygen Therapy market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Oxygen Therapy market on a global level.
In order to give the users of this report a comprehensive view of the Oxygen Therapy market, we have included a competitive landscape and an analysis of Porter's Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new service & product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.
The study provides a decisive view of the Oxygen Therapy market by segmenting the market based on oxygen source equipment, oxygen delivery devices, end-users, applications, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2027. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Technological breakthroughs, favorable compensation policies, and massive funding of research & development activities are predicted to boost the market growth prospects over the forecast timeline. Nonetheless, huge development charges of new equipment are a key factor that is likely to hinder the expansion of the oxygen therapy industry over the forecast timeline. Apart from this, consistently altering rules and strict policies are also anticipated to obstruct the expansion of the oxygen therapy industry during the period from 2019 to 2027. However, strategic alliances made by the major participants are anticipated to produce new growth avenues for the industry over the forecast timespan. In addition to this, new product introductions are expected to help market scape up new heights over the forecast period.
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Based on the oxygen source equipment, the market for oxygen therapy is sectored into Oxygen Concentrators, Liquid Oxygen Systems, and Compressed Oxygen Cylinders. In terms of oxygen delivery devices, the industry is classified into Hospitals & Clinics, Retail Outlets, Banks & Financial Institutions, Government Offices, Telecom Service Center, Self Service Restaurants, and Airline Check-in Counters. On the basis of end-users, the industry is divided into Hospitals & Clinics, Rehabilitation Centers, and Home Healthcare. Application-wise, the market is divided into COPD, Pneumonia, Asthma, Respiratory Distress Syndrome (RDS), Sleep Apnea, and Cystic Fibrosis.
Some of the key players in the market include 3M, DeVilbiss Healthcare, Fisher & Paykel Healthcare Limited, OxyBand Technologies, Koninklijke Philips N.V., Invacare Corporation, MAQUET Holding B.V. & Co. KG., General Electric Company, Inotec AMD Limited, Teleflex Incorporated, Nidek Medical Products Inc., O2 CONCEPTS, LLC, Essex Industries, Inc., VitalAire, Inogen, ResMed, and Chart.
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About Kenneth Research:
Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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