OXYGEN THERAPY EQUIPMENT MARKET

 

Market Overview:

               The rise in tobacco use, the incidence of respiratory disorders, and technological advancements in oxygen therapy are the main drivers of market growth for oxygen therapy equipment. The primary factor anticipated to propel the market's overall expansion over the forecast period is the rising prevalence of respiratory disorders. Chronic obstructive pulmonary disease (COPD), according to statistics from the World Health Organization (WHO) and the Global Burden of Disease Study, was present in 251 million cases worldwide in 2016. Due to the greater smoking prevalence and ageing populations in many nations, COPD cases are anticipated to rise internationally.

Key Market Trends:

         The airways and other areas of the lungs are continuously affected by chronic respiratory illnesses. In primary health care facilities, one of the most common reasons for doctor and physician consultations is respiratory difficulties. According to the 2018 Global Asthma Report, more than 1 billion individuals worldwide suffer from chronic respiratory disorders. According to the WHO, a sizable portion of the global population has been impacted by COPD, which has tobacco use as its primary cause. Additionally, a 2017 article in The Lancet Respiratory Medicine estimates that 3.2 persons worldwide died from COPD in 2015.

Due to the increased prevalence of respiratory disorders and the country's superior healthcare infrastructure, the United States is predicted to have the largest market for oxygen therapy equipment. Additionally, the country's per capita health spending has increased and is anticipated to do so over the projected period as a result of the decline in the unemployment rate. Smoking is the main risk factor for the majority of respiratory illnesses. According to statistics from the Centers for Disease Control and Prevention, in 2016 more than 15 out of every 100 US adults who were 18 years of age or older smoked cigarettes (CDC). Due to a rising smoking prevalence and an ageing population, COPD cases are predicted to rise in the United States.

Comments

Post a Comment

Popular posts from this blog

Shipping Containers Market Projected to Reach USD 12.77 Billion by 2030, Driven by E-commerce Growth and Cold-Chain Expansion

  Introduction   The global shipping containers market is experiencing steady growth, with projections indicating an increase from USD 10.27 billion in 2025 to USD 12.77 billion by 2030, reflecting a compound annual growth rate (CAGR) of 4.46%. According to Mordor Intelligence Shipping Containers Market Report , this expansion is primarily fueled by the surge in e-commerce activities, the need for efficient cold-chain solutions, and advancements in intermodal transportation.   Key Trends   E-commerce Fulfillment   The rapid growth of e-commerce has significantly impacted on the shipping containers market. The demand for faster and more efficient delivery systems has led to increased use of standardized containers, particularly 40-foot units, which accounted for 52.64% of the market share in 2024.   Cold-Chain Expansion   The pharmaceutical and food industries' need for temperature-controlled transportation has driven the demand for refrigerated c...
Read more

DATA CENTER POWER MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)

  The IT industry requires on-premise private data storage and hyper-scale data centres for its operations, depending on the size of the organization. Additionally, the adoption of cloud storage has increased over the years due to growth among SaaS providers, enabling cloud storage providers to expand their capacities. Hence, the increasing data load requires more power. This creates a requirement for efficient power solutions in IT applications. According to the Data Center Survey recently published by Vertiv, 98% of the participants voted for IT utilization to be above 20% by 2025. This indicates that IT companies are focusing on deploying an efficient power source for their data centres and increasing their utilization rate. Cloud storage providers, like AWS, Microsoft, and Google, are expanding their storage capabilities to offer more efficient workflows in the cloud. These companies are making investments in hyperscale deals. For instance, in June last year, Amazon Web Service...
Read more

Second Hand Furniture Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

 The Off-the-Shelf Second Hand Furniture Market is segmented into the distribution channel, which is further segmented into online and offline, out of which the offline segment, with a larger market share in 2021, is anticipated to have the largest share during the forecast period. However, with the rise of an increasing number of smartphone users and increasing penetration of internet users, the market share for the online segment is expected to grow at a higher rate over the forecast period. The Asia Pacific is expected to account for a larger share in terms of revenue during the forecast period. The increasing size of the online marketplace for second-hand goods is anticipated to drive the growth of the Asia Pacific regional market.  The Off-The-Shelf Second Hand Furniture Market size is estimated at USD 21.30 billion in 2023, and is expected to reach USD 29.28 billion by 2028, growing at a CAGR of 6.57% during the forecast period (2023-2028). The market is increasi...
Read more