United States Oxygen Therapy Equipment Market to Grow With A Double Digit CAGR until 2026

Rising instances of chronic heart conditions is driving the growth of United States Oxygen Therapy Equipment Market, in the forecast period.

According to TechSci report on, “United States Oxygen Therapy Equipment Market By Product Type (Oxygen Source Equipment v/s Oxygen Delivery Devices) By Mobility (Stationary v/s Portable) By Application (COPD, Asthma, Obstructive Sleep Apnea, Respiratory Distress Syndrome, Others) By End User (Hospitals & Clinics, Ambulatory Care Centers, Homecare) By Region, Competition Forecast & Opportunities, 2026”, United States oxygen therapy equipment market has shown promising growth in historical years until 2019 and is expected to continue its growth with a double digit CAGR in upcoming forecast years 2021 to 2026. United States oxygen therapy equipment market owes its growth to the factors like rising number of patients suffering from diseases like chronic obstructive pulmonary disease (COPD), pneumonia, asthma and others. Moreover, in the recent years, prevalence of respiratory system failures and cardiac failures have been recorded in the country at alarming numbers. To sustain lives suffering from these diseases, oxygen therapies are required and thus it is anticipated to support the growth of the Untied States oxygen therapy equipment market in the future five years. Furthermore, rising healthcare expenditure, growing geriatric population and favorable reimbursement policies for the oxygen therapy equipment is expected to boost the market growth during the forecast period, 2022-2026.

Oxygen therapy equipment are the medical devices and tools that are involved in the collection, extraction, storage, as well as the delivery process of the oxygen. The oxygen therapy is often given to the patients who are suffering from pulmonary failure, lung diseases and heart issues, basically the patients who are incapable to derive (or breathe in) the oxygen from the air and utilize it. The equipment is often expensive and require proper handling. Though, the recent pandemic scenario saw global population struggling with the availability of the oxygen therapy equipment, mostly in the developing countries. United States has played a vital role in providing with the equipment to the developing countries like India, China and therefore the market growth is expected to rise in upcoming years too.

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The United States oxygen therapy equipment market segmentation is based on, product type, application, mobility, end users, regional distribution, and competitional landscape. Based on application, the market is further bifurcated into COPD, asthma, obstructive sleep apnea, respiratory distress syndrome, and others. Applications of oxygen therapy equipment in the treatment of COPD is anticipated to hold the largest revenue shares of the market in the upcoming five years, on the grounds of multiplying numbers of patient suffering from chronic obtrusive pulmonary diseases. The disease is an inflammatory disease that affects the lungs of the patient and obstructs the air pathway making it difficult for the patient to breathe. Oxygen therapy devices aids the patient in the derivation of the oxygen from the oxygen cylinders thus aiding the breathing. Moreover, recent hit of pandemic caused respiratory distress syndrome in the patients affected from the COVID-19. Therefore, the number of patient suffering from the respiratory distress syndrome also increased. The sub-segment is expected to register the fastest growing CAGR in the next five years due to the same reason.

A partial list of market player in the United States oxygen therapy equipment market includes, Philips Healthcare (USA), Invacare Corporation, Inogen Inc., Fisher & Paykel Healthcare, Inc., GE Healthcare, Allied Healthcare Products, Inc., Smith’s Medical, Inc., DeVilbiss Healthcare LLC, Dräger, Inc., Teleflex Incorporated, among others. These market players hold larger shares of the market than the new market players. With the advancement of the technology, it is appropriate to say that the effective research and development of the technologically advanced medical devices would support the market growth and benefit the market players as well as the consumers. New market players may focus on the research and development to provide devices that satisfies the consumer demand as well as benefits the market players in building their brand value. Other competitive strategies include mergers & acquisitions and new product developments.

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“The United States oxygen therapy equipment market is segmented on the basis of end users into hospitals & clinics, ambulatory care centers, homecare. Hospitals & Clinics are the largest anticipated end users for the future market. The devices as well as the equipment are highly in demand due to the recent pandemic. Although rising number of patients demanding the homecare facility are expected to support the fastest growing segment. Market players can plan on latest addition to their product line making sure the portable and easier functioning devices are far more in demand as compared to the stationary equipment. Due to rapid increase in the number of temporary establishments of the healthcare facilities, the demand of mobile equipment rose higher in the last years and the trend is expected to continue in the future for aiding the market growth,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“United States Oxygen Therapy Equipment Market By Product Type (Oxygen Source Equipment v/s Oxygen Delivery Devices) By Mobility (Stationary v/s Portable) By Application (COPD, Asthma, Obstructive Sleep Apnea, Respiratory Distress Syndrome, Others) By End User (Hospitals & Clinics, Ambulatory Care Centers, Homecare) By Region, Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of United States oxygen therapy equipment market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in United States oxygen therapy equipment market.

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