The High Flow Oxygen Therapy Devices Market is expected to grow by leaps and bounds in the forecast period. Nanotechnology’s medical application is on the anvil. As such, nanomedicine is an outcome of the technology operating at the molecular, atomic, or supramolecular scale. The broad application areas of nanomedicine include sensing, imaging, diagnosis, and delivery via medical devices. This would certainly keep the healthcare vertical upgraded continuously.
As per surveys conducted, a high no. COPD cases are recorded which taken a lot lives every year. According to a study asthma affects nearly 350 million people worldwide and requires the use of oxygen therapy devices to carefully stabilize and support the patient until it get its natural strength to handle load and basic respiration.
Oxygen therapy mainly are of two types, one being low flow oxygen therapy and the other is high flow oxygen therapy. High flow oxygen therapy is a form of respiratory support used in cases, often in combination with compressed air and controlled humidity. The rate of oxygen flow is higher in high flow oxygen therapy as compared to other traditional oxygen therapies.
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Segmentations-
By Key Product Type
- Oxygen Source Equipment
- Oxygen Cylinders
- Oxygen Concentrators
- Liquid Oxygen Devices
- PAP Devices
- Oxygen Delivery Devices
- Oxygen Masks
- Nasal Cannula
- Venturi Masks
- Others
By End Users
- Hospitals
- Home Healthcare
- Others
Geographically, the market for high flow oxygen therapy devices can be segmented into six regions – North America, Latin America, Europe, Asia Pacific exc. China, Middle East & Africa and China.
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Geographically, the market for high flow oxygen therapy devices can be segmented into six regions – North America, Latin America, Europe, Asia Pacific exc. China, Middle East & Africa and China.
North America dominates the global high flow oxygen therapy devices market owing to the advanced healthcare procedures in the region and favorable reimbursement scenario.
Europe represents the next leading market with Germany, Italy, U.K. and France holding the major share of high flow oxygen therapy devices market because of the already present local and established market players.
However, Asia-Pacific represents the high growth rate in the coming years due to the increasing public awareness, improving access to healthcare facilities and rising healthcare infrastructure with rise in population observed for respiratory cases.
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MEA represents the least market share globally in the high flow oxygen therapy devices market and projected to observe change due to healthcare advancements. China holds a major share of domestic players which restricts the market to grow globally but provides a fair forecast share in coming years with increase in number of patients with respiratory problems.
Some major key players of High Flow Oxygen Therapy Devices market include Invacare Corporation, CareFusion Corporation, Smiths Medical,., Fisher & Paykel Healthcare Limited, Philips Respironics Inc., DeVillbiss Healthcare, Tecno-Gaz Industries, Allied Healthcare Products, Inc., GE Healthcare, Teleflex Incorporated and MAQUET Medical Systems.
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