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European oxygen therapy Market

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European Oxygen Therapy Devices Market was worth USD 0.50 billion in 2016 and estimated to be growing at a CAGR of 5.77%, to reach USD 0.67 billion by 2021.
European oxygen therapy Market Growth at a CAGR of 5.77 %, 2017-2021 Latest Challenges and Trends
The European Oxygen Therapy Devices Market was worth USD 0.50 billion in 2016 and
estimated to be growing at a CAGR of 5.77%, to reach USD 0.67 billion by 2021. Oxygen
therapy involves administering oxygen through an external device. COPD includes chronic
obstructive bronchitis and emphysema, and is predicted by the World Health Organization
(WHO) to be the fourth leading cause of death worldwide by 2030.
Oxygen Therapy devices are useful specially for people suffering from severe COPD or
cystic fibrosis who suffer from chronically low oxygen levels in their body. Advantages of
oxygen therapy also include increased mental stamina, aversion of heart failure, and an
enhanced breathing pattern. The administration and supply of supplementary oxygen have
turned into an indispensable part in the management of numerous diseases. Furthermore,
oxygen therapy is applicable to numerous diseases, for example, asthma, respiratory
distress syndrome, and obstructive sleep apnoea. Long-term oxygen treatments in patients
suffering from chronic lung disease are believed to enhance the length and the quality of
life.
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In Europe, the prevalence of COPD varies markedly across countries. For example, the
Ministère de la Santé et des Solidaritiés estimates that between 6% and 8% of the adult
population in France suffers from COPD. Interestingly, the Netherlands displays just a 2%
prevalence rate as evaluated by the National Institute for Public Health and the
Environment. Generally, these devices are used to treat patients who are no longer able to
receive adequate volumes of oxygen through the breathing of natural air and require higher
concentrations of oxygen. A significant increase is expected in the number of patients on
oxygen therapy as the population ages and as members of the 50 to 75 age demographics,
who were often smokers in their youth, develop emphysema and related conditions. It is
estimated that over 85% of the patients on oxygen therapy are, or were, once smokers.
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The European oxygen therapy devices market is segmented into product type, application
and end user. On the basis of product, it is segmented into Oxygen Source Equipment,
Cylinders, Concentrators, Liquid Oxygen Devices, PAP, Oxygen Delivery Device, Masks,
Nasal Cannula, Venturi Mask, Non-Rebreather Mask, Bag Valve and CPAP. Oxygen source
equipment are expected to grow at 11% CAGR It is attributed to the consolidation of this
equipment in the extensive variety of uses as the first line of treatment. On the basis of
application, it is segmented into Chronic Obstructive Pulmonary Disease, Asthma,
Obstructive Sleep Apnoea, Respiratory Distress Syndrome, Cystic Fibrosis, Pneumonia.
Chronic obstructive pulmonary disease holds the largest share of the application segment
and it is anticipated to grow lucratively at a CAGR of over 10.5% over the next five years.
This is due to increasing popularity of supplemental administration in conjunction with first
line treatments available for COPD. Moreover, this treatment includes faster response rates,
reliability and portability, and above all improves chances of survival. On the basis of end
use it is segmented into Home Healthcare and Hospitals. Home health care dominates the
end-use segment, owing to the rise in elderly population coupled with increasing number of
patients with low mobility and long-term care requirement in conditions such as Alzheimer’s
disease.
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The European region is geographically segmented into Germany, U.K, Italy, Spain and
France. Europe has the second highest revenue in the oxygen therapy devices market and
is expected to grow further in the coming years. Favourable government policies and
initiatives such as European Committee for Hyperbaric Medicine (ECHM), involved in
promoting awareness pertaining to the treatment and thereby promoting growth of oxygen
therapy devices market.
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Market Segmentation
Product
5.1.1 Introduction
5.1.2 Oxygen Source Equipment
5.1.2.1 Oxygen Concentrators
5.1.2.1.1 Fixed Oxygen Concentrators
5.1.2.1.2 Portable Oxygen Concentrators
5.1.2.2 Liquid Oxygen Devices
5.1.2.3 Oxygen Cylinders
5.1.3 Oxygen Delivery Devices
5.1.3.1 Oxygen Masks
5.1.3.2 Nasal Cannulas
5.1.3.3 Venturi Masks
5.1.3.4 Non-Rebreather Masks
5.1.3.5 Bag Valve Masks
5.1.3.6 Other Devices
5.1.4 Y-o-Y Growth Analysis, By Product
5.1.5 Market Attractiveness Analysis, By Product
5.1.6 Market Share Analysis, By Product
Portability
5.2.1 Introduction
5.2.2 Stationary Oxygen Therapy Devices
5.2.3 Portable Oxygen Therapy Devices
5.2.4 Y-o-Y Growth Analysis, By Portability
5.2.5 Market Attractiveness Analysis, By Portability
5.2.6 Market Share Analysis, By Portability
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Application
5.3.1 Introduction
5.3.2 Chronic Obstructive Pulmonary Disease
5.3.3 Asthma, Obstructive Sleep Apnea
5.3.4 Respiratory Distress Syndrome
5.3.5 Cystic Fibrosis
5.3.6 Pneumonia
5.3.7 Y-o-Y Growth Analysis, By Application
5.3.8 Market Attractiveness Analysis, By Application
5.3.9 Market Share Analysis, By Application
End User
5.4.1 Introduction
5.4.2 Home Care Settings
5.4.3 Hospitals
5.4.4 Ambulatory Surgical Centers & Physician Offices
5.4.5 Others
5.4.6 Y-o-Y Growth Analysis, By End User
5.4.7 Market Attractiveness Analysis, By End User
5.4.8 Market Share Analysis, By End User
This market is extremely disjointed with numerous big and developing players operating in
the business. The major companies dominating the oxygen therapy devices market in this
region are Philips Respironics, ResMed, GEHealthcare, Dräger, Medtronic – Covidien,
Teleflex Medical, Fisher & Paykel, Invacare, Smiths Medical, Ambu – King, Carefusion –
BD, Intersurgical, Maquet, Flexicare, PARI, Breas, DeVilbiss – Drive, Mindray and AirSep.
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Bhargav
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