Global Oxygen Therapy Consumables Market 2017-2021
About Oxygen Therapy Consumables
Oxygen therapy consumables are devices that provide supplementary oxygen to help patients maintain adequate oxygen level in the blood for the treatment of acute and chronic diseases such as chronic obstructive pulmonary diseases (COPD), pneumonia, and asthma. Oxygen therapy consumables include simple oxygen face masks, venturi masks, nasal masks, continuous positive airway pressure (CPAP) masks, non-breather mask or oxygen mask with reservoir bag, and others.
Technavio’s analysts forecast the global oxygen therapy consumables market to grow at a CAGR of 11.41% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global oxygen therapy consumables market for 2017-2021. To calculate the market size, the report considers sales and value.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Oxygen Therapy Consumables Market 2017-2021
Technavio recognizes the following companies as the key players in the global oxygen therapy consumables market: BD, Drive DeVilbiss Healthcare, Allied Healthcare Products, Philips Respironics, and Fisher & Paykel Healthcare.
Other Prominent Vendors in the market are: Ambu, Besmed Health Business, BLS Systems, Circadiance, Flexicare Medical, ResMed, Smiths Medical, and Teleflex Incorporated.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing online marketing services. Vendors are focusing on the online marketing of their products to provide better accessibility to customers and increase the volume of product sales. This strategy allows vendors to minimize sales mediators and operational costs.”
According to the report, one driver in the market is increasing prevalence of chronic respiratory diseases. The prevalence of chronic respiratory disorders such as COPD, asthma, and OSA is increasing at a significant rate in both developed and developing countries. As of 2015, more than 300 million people are suffering from asthma worldwide. Asthma accounts for six to seven in every 1000 deaths annually, worldwide. The prevalence of asthma is increasing rapidly in low and middle-income countries.
Further, the report states that one challenge in the market is strict regulatory approval process. The approval process for oxygen delivery systems is stringent and required evidence via clinical trial studies. The approval process is more complicated for vendors obtaining approval for devices targeting a specific patient pool such as the pediatric patient population. The approval process in the European Union involves the determination of conformity assessment route for the product and adherence to conformity assessment procedure for clinical investigation.
BD, Drive DeVilbiss Healthcare, Allied Healthcare Products, Philips Respironics, and Fisher & Paykel Healthcare.Other Prominent Vendors in the market are: Ambu, Besmed Health Business, BLS Systems, Circadiance, Flexicare Medical, ResMed, Smiths Medical, and Teleflex Incorporated.