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Oxygen Delivery Units Market: Drivers and Restraints
Increasing prevalence of obstructive sleep apnea (OSA) is primarily driving the growth of the global oxygen delivery units market over the forecast period. According to the American Journal of Respiratory and Critical Care Medicine, approximately 18 million persons in the U.S. are suffering from OSA, out of which 85% remain undiagnosed and untreated in 2012. Furthermore, technological advancements worldwide is further fueling the growth of the global oxygen delivery units market. A trend of providing advanced services with a developed medical infrastructure is driving the demand for oxygen delivery units and increasing the growth of oxygen delivery units market. Mergers and collaborations among key players are also contributing to driving the growth of oxygen delivery units market over the forecast period. Whereas, stringent regulations and device cost are expected to hamper the growth of the global oxygen delivery units market. Due to the precise nature of oxygen condensers, the internal assemblies are hand/machine installed. Human workers increase the cost of the device and limit the production capacity. These factors are responsible for restraining the growth of the global oxygen delivery units market.
Oxygen Delivery Units Market: Overview
It is observed that the healthcare industry is witnessing technological advancements in the medical devices. The advancements offer robust facilities and services to the patients. Oxygen delivery units market is expected to register a significant CAGR over the forecast period. Based on the oxygen delivery unit type, the global oxygen delivery units market is segmented into oxygen condensers, oxygen tanks, and oxygen synthesizers. Oxygen condensers function by filtering the surrounding air and condensing it. Oxygen condensers filter the oxygen out and store it to be used later. Oxygen tanks are the most popular amongst all the types. Oxygen tanks are portable and reliable. Based on the end user, the global oxygen delivery units market is segmented into hospitals, ambulatory surgical centers, and others. Hospitals segment is anticipated to register the highest market share during the forecast period.
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Oxygen Delivery Units Market: Regional Outlook
On the basis of geography, the global oxygen delivery units market is segmented into eight key regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding China and Japan, China, Japan, and Middle East & Africa. North America is anticipated to create lucrative growth opportunities for oxygen delivery units market due to increasing prevalence of obstructive sleep apnea. Western Europe market is expected to hold second highest market share in the global oxygen delivery units market. The Asia Pacific oxygen delivery units market is projected to grow with the maximum CAGR over the forecast period. Increasing government initiatives, growing healthcare expenditure, and rising disposable income are few of the factors responsible for the oxygen delivery unit market growth in the Asia-Pacific region. However, the oxygen delivery units market in low middle-income regions like Latin America, and the Middle East and Africa is expected to show a sluggish growth over the forecast period.
Oxygen Delivery Units Market: Key Players
Examples of some of the key players in the global oxygen delivery units market are Inogen, Besco Medical Co., LTD., Drive DeVilbiss International, Invacare Corporation and others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
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Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The global oxygen delivery units market is segmented by oxygen delivery unit type, end users and region:
Based on oxygen delivery unit type, the global oxygen delivery units market is segmented into:
- Oxygen Condensers
- Oxygen Tanks
- Liquid oxygen tanks
- Compressed air oxygen tanks
- Oxygen Synthesizers
Based on End Users, the global oxygen delivery units market is segmented into:
- Ambulatory Surgical Centers
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- Detailed overview of parent market
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- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
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