Published by TMR Research Insights
Posted on August 24, 2021
A news report by the Transparency Market Research states that the competitive landscape of the oxygen therapy devices demonstrate highly fragmented, thanks to the large and small local players. The market is facing stiff competition among the local players due to adoption of strategy for the continuous innovation of the devices to strengthen their business and gain competitive edge among the other players.
Read Report Overview – https://www.transparencymarketresearch.com/north-america-oxygen-therapy-devices-market.html
As the key players are more focused for the innovation of devices, as the competition among the players are anticipated to increase substantially in near future. Some of the leading players operating in the North America oxygen therapy devices includes Smiths Medical, Fisher & Paykel Healthcare Limited, DeVilbiss Healthcare LLC, Philips Respironics Inc., Invacare Corporation., and AirSep Corporation.
According to TMR, The North America oxygen therapy devices market held an opportunity worth US$1.58 bn by 2023. Rising at a CAGR of 5.5% over the period between 2015 and 2023.
Request Brochure of Report – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=9221
Increasing demand for Venturi Masks to propel Market Growth
Based on product, the study segregates the North America oxygen therapy devices market into oxygen delivery devices and oxygen source equipment. The study sub-segments the oxygen delivery devices into CPAP (continuous positive airway pressure) masks, nasal cannula, venturi masks, bag valve masks simple oxygen masks, and non-rebreather masks.
Among all the segment, venturi masks is likely to dominate the market in terms of substantial revenue share in overall market. Further, oxygen source equipment is divided into oxygen concentrators, oxygen cylinders and liquid oxygen device. Out of all the sub segment, oxygen concentrators leads the market in terms of low cost, better storage capacity as well as maximum mobility.
Request for Custom Research – https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=9221
Rising prevalence of COPD to Maintain U.S. position as Leading Region
The report also studies the oxygen therapy devices on the basis of its geographical spread across the North America. The North America market is segmented into the U.S. and Canada. Of these, the market in U.S. is anticipated to witness significant growth over the forecast period. Moreover, increasing prevalence of CODA patients are likely to influence the growth of the oxygen therapy devices in the U.S. CODA is considered as the third leading reason for the cause of death in the North America.
Increasing aged population is likely to propel the overall growth of the oxygen therapy market over the forecast period. The U.S. market for oxygen therapy devices will likely to witness healthy growth over the forecast period.
Buy Oxygen Therapy Devices Market Report at https://www.transparencymarketresearch.com/checkout.php?rep_id=9221<ype=S
Additionally, increasing awareness about the treatment of the chronic respiratory disease will likely to drive the demand in near future. In contrast, the patients are more inclined toward oxygen concentrators due to its affordability. As the oxygen therapy devices are more expensive. Also, lack of reimbursement policies is likely to hinder the growth of the oxygen therapy devices market in near future.
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About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Contact
Transparency Market Research
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Blog: https://tmrblog.com/
Follow Us: Twitter | LinkedIn
Press Release Source: https://www.transparencymarketresearch.com/pressrelease/north-america-oxygen-therapy-devices-market.htm
A news report by the Transparency Market Research states that the competitive landscape of the oxygen therapy devices demonstrate highly fragmented, thanks to the large and small local players. The market is facing stiff competition among the local players due to adoption of strategy for the continuous innovation of the devices to strengthen their business and gain competitive edge among the other players.
Read Report Overview – https://www.transparencymarketresearch.com/north-america-oxygen-therapy-devices-market.html
As the key players are more focused for the innovation of devices, as the competition among the players are anticipated to increase substantially in near future. Some of the leading players operating in the North America oxygen therapy devices includes Smiths Medical, Fisher & Paykel Healthcare Limited, DeVilbiss Healthcare LLC, Philips Respironics Inc., Invacare Corporation., and AirSep Corporation.
According to TMR, The North America oxygen therapy devices market held an opportunity worth US$1.58 bn by 2023. Rising at a CAGR of 5.5% over the period between 2015 and 2023.
Request Brochure of Report – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=9221
Increasing demand for Venturi Masks to propel Market Growth
Based on product, the study segregates the North America oxygen therapy devices market into oxygen delivery devices and oxygen source equipment. The study sub-segments the oxygen delivery devices into CPAP (continuous positive airway pressure) masks, nasal cannula, venturi masks, bag valve masks simple oxygen masks, and non-rebreather masks.
Among all the segment, venturi masks is likely to dominate the market in terms of substantial revenue share in overall market. Further, oxygen source equipment is divided into oxygen concentrators, oxygen cylinders and liquid oxygen device. Out of all the sub segment, oxygen concentrators leads the market in terms of low cost, better storage capacity as well as maximum mobility.
Request for Custom Research – https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=9221
Rising prevalence of COPD to Maintain U.S. position as Leading Region
The report also studies the oxygen therapy devices on the basis of its geographical spread across the North America. The North America market is segmented into the U.S. and Canada. Of these, the market in U.S. is anticipated to witness significant growth over the forecast period. Moreover, increasing prevalence of CODA patients are likely to influence the growth of the oxygen therapy devices in the U.S. CODA is considered as the third leading reason for the cause of death in the North America.
Increasing aged population is likely to propel the overall growth of the oxygen therapy market over the forecast period. The U.S. market for oxygen therapy devices will likely to witness healthy growth over the forecast period.
Buy Oxygen Therapy Devices Market Report at https://www.transparencymarketresearch.com/checkout.php?rep_id=9221<ype=S
Additionally, increasing awareness about the treatment of the chronic respiratory disease will likely to drive the demand in near future. In contrast, the patients are more inclined toward oxygen concentrators due to its affordability. As the oxygen therapy devices are more expensive. Also, lack of reimbursement policies is likely to hinder the growth of the oxygen therapy devices market in near future.
More Trending Reports by Transparency Market Research –
Cord Blood Banking Services Market: https://www.prnewswire.co.uk/news-releases/cord-blood-banking-services-market-to-grow-at-cagr-of-10-9-from-2019-to-2027-tmr-study-854543157.html
Corneal Topographers Market: https://www.prnewswire.com/news-releases/global-corneal-topographers-market-is-likely-to-be-driven-by-high-prevalence-of-diabetes-and-rise-in-aging-population-tmr-301237312.html
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Contact
Transparency Market Research
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Blog: https://tmrblog.com/
Follow Us: Twitter | LinkedIn
Press Release Source: https://www.transparencymarketresearch.com/pressrelease/north-america-oxygen-therapy-devices-market.htm
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