SAN FRANCISCO, February 5, 2018 /PRNewswire/ --
The global oxygen conserving devices market is expectedto reach USD 2.21 billion by 2025, according to a new report by Grand View Research, Inc. Growing prevalence of respiratory diseases is expected to boost the adoption of oxygen conservation devices. According to the Global
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According to the WHO, rise in the incidence of COPD and other respiratory disorders is anticipated to boost the demand for oxygen therapy and consequentially increase the adoption of these products. Furthermore, factors such as increasing indoor & outdoor pollution and changing lifestyle contribute to the rising incidence of asthma, thereby fueling demand over the forecast period.
Growing demand for technologically advanced products with potential benefits such as less O2 wastage, ease of use, increased portability, and enhanced patient response are among factors expected to generate lucrative growth opportunities. In addition, well-developed reimbursement structure and supportive regulatory framework are propelling the market. For instance, Medicare policies in the U.S. offer reimbursement for oxygen therapy equipment when it is prescribed by a healthcare professional.
Browse full research report with TOC on "Oxygen Conservation Devices/Systems Market Analysis Report By Product (Reservoir Oxygen Delivery Devices, Electromechanical Pulsing Devices, Transtracheal Catheters), By End-use, And Segment Forecasts, 2014 - 2025" at: https://www.grandviewresearch.com/industry-analysis/oxygen-conservation-devices-systems-market
Further Key Findings From the Report Suggest:
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Grand View Research has segmented the oxygen conservation devices market report on the basis of product, end-use, and region:
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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SOURCE Grand View Research, Inc.
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