Report ID: UCMIG35A2196
Report ID:
UCMIG35A2196 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global market for oxygen therapy was valued at USD 33.47 billion in 2021, and it is projected to experience a compound annual growth rate (CAGR) of 5.78% from 2022 to 2030. The primary drivers of the market are the growing incidence of chronic respiratory diseases and the increasing demand for home healthcare. For example, the National Institutes of Health (NIH) reports that in the U.S. alone, around 12 million adults have been diagnosed with chronic obstructive pulmonary disease (COPD), and 120,000 individuals die each year from this disease. Furthermore, the Global Asthma Network (GAN) reports that asthma affects roughly 334 million people worldwide. As a result, the increasing number of patients is anticipated to drive demand for oxygen therapy products and promote market growth in the upcoming years.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: UCMIG35A2196