Oxygen Therapy Market Insights, Review and Outlook to 2024: Hexa Reports

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Oxygen Therapy Market Share, Size, Market Insights,
Trends, Market Review and Outlook, Overview And
Segment Forecasts To 2022

The global oxygen therapy market is expected to reach USD 18.2 billion by 2024, according to a new
study by Grand View Research, Inc. The increasing prevalence of major respiratory diseases, such as
Chronic Obstructive Pulmonary Disease (COPD), asthma, and obstructive sleep apnea, is a high impact
rendering driver of oxygen therapy market.
As per the estimates of the WHO, a consequential global rise in the prevalence of asthma and other
respiratory disorders, is expected to heightened clinical urgency to treat the aforementioned disorders
and is expected to boost the demand for oxygen therapy as the first line treatment and as a supplement
in various applications.
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Moreover, technological advancements are anticipated to provide growth platforms in a wide range of
new applications such as cancer and diabetes; for instance, incorporation of flow sensors in delivery
devices to conserve and regulate the flow enabling greater patient comfort and outcomes.
Furthermore, the increasing focus on home healthcare solutions coupled with the development of
portable delivery devices has a major impact on the oxygen therapy market. These aforementioned

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factors are expected to serve as key contributing factors towards the growth of the oxygen therapy
market over the forecast period.
Further key findings from the study suggest:
The oxygen source equipment segment dominated the product segment in terms of revenue share in
2015owing toits high usage rate and wide scale availability in various forms such as liquid compressed
gas, and concentrators. On the other hand, oxygen delivery devices are expected to grow at a lucrative...