(EMAILWIRE.COM, December 21, 2017 ) 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.

Market Segmentation
Product
Introduction
Oxygen Source Equipment
Oxygen Concentrators
Fixed Oxygen Concentrators
Portable Oxygen Concentrators
Liquid Oxygen Devices
Oxygen Cylinders
Oxygen Delivery Devices
Oxygen Masks
Nasal Cannulas
Venturi Masks
Non-Rebreather Masks
Bag Valve Masks
Other Devices
Portability
Introduction
Stationary Oxygen Therapy Devices
Portable Oxygen Therapy Devices
Application
Introduction
Chronic Obstructive Pulmonary Disease
Asthma, Obstructive Sleep Apnea
Respiratory Distress Syndrome
Cystic Fibrosis
Pneumonia
End User
Introduction
Home Care Settings
Hospitals
Ambulatory Surgical Centers & Physician Offices
Others

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.

Scope Of the Report:

• Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms of product, portability, application, end user , and type along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the Regional market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market


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