Published Date : Feb 25, 2016
Especially in North America, the demand for oxygen delivery devices has registered massive growth in the recent past. Oxygen delivery devices coupled with oxygen source equipment have been contributing largely towards the growth of the global oxygen delivery devices market over the past few years. Today, leading players in the global oxygen delivery devices are contributing towards the market growth by introducing new products and oxygen delivery solutions across the medical industry.
The oxygen delivery devices market is one of the fastest growing markets in the global medical devices market. Factors such as the increasing risk of lung damage due to excessive intake of tobacco, occupational hazards, and pollution are expected to affect health badly. These factors are predicted to boost the demand for various oxygen delivery devices across the globe.
Popular Oxygen Delivery Devices
The global oxygen delivery devices market is set to register new growth opportunities in the years to come due to its increasing applications such as chronic obstructive pulmonary disease, obstructive sleep apnea, asthma, cystic fibrosis, pneumonia, and respiratory distress syndrome. Going forward, the demand for various oxygen delivery devices is expected to increase due to the increasing incidence of COPD among the aging population. Advancements in novel therapeutic devices are predicted to create new growth opportunities in the global oxygen delivery devices market in the next few years.
Over the past few years, there has been an increase in demand for home healthcare services. Increasing demand for portable home oxygen therapy and oxygen delivery devices is predicted to boost the global oxygen delivery devices market in the near future. Technological advancements coupled with the introduction of new oxygen delivery devices are predicted to propel the global market for oxygen delivery devices.
However, patient’s growing concerns towards complications of long-term oxygen therapy are expected to hamper the growth of the global market for oxygen delivery device in the next few years.
Currently, leading players in the global oxygen delivery devices market are focusing on introducing highly advanced oxygen delivery devices that match the changing needs of health care professionals, professional associations, and patients.