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Oxygen Therapy Market Tremendous Opportunities by end 2027 with Eminent Key Players

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Anjali Pawar
Oxygen Therapy Market Tremendous Opportunities by end 2027 with Eminent Key Players

The increasing prevalence of respiratory disorders is expected to drive the growth of the Oxygen Therapy Market over the forecast period. According to the World Health Organization (WHO), over 251 million people worldwide suffer from COPD, and it is projected to be the third leading cause of death globally by 2030. Moreover, the rising prevalence of asthma, pneumonia, and sleep apnea is further expected to boost market growth.


Technological advancements in oxygen therapy devices are also driving the growth of the market. For instance, the development of portable oxygen concentrators has enabled patients to carry their oxygen therapy devices with them, improving their mobility and quality of life. In addition, the use of telemedicine for remote monitoring and management of patients receiving oxygen therapy is expected to further drive market growth.


These players are adopting various strategies such as product launches, collaborations, and acquisitions to maintain their market position. For instance, in July 2021, ResMed Inc. launched its AirSense 11 and AirCurve 11 bilevel devices, which are designed to provide personalized therapy to patients with sleep apnea.


Geographically, North America dominates the market due to the presence of a large patient population, favorable reimbursement policies, and increasing government initiatives. However, Asia-Pacific is expected to grow at the highest CAGR during the forecast period due to the increasing adoption of oxygen therapy and growing awareness regarding respiratory diseases in the region.


Read more @ https://creativeedge16.blogspot.com/2023/05/oxygen-therapy-market-rising-demand-and.html

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Anjali Pawar
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