Oxygen Delivery Systems report comprises of basic, secondary and advanced information related to the global status, recent trends, market size, sales volume, market share, growth, future trends analysis, segment and forecasts from 2018 - 2025. Market research analysis data included in this report lend a hand to businesses for planning of strategies related to investment, revenue generation, production, product launches, costing, inventory, purchasing and marketing. What's more, Oxygen Delivery Systems report presents the data and information for actionable, most recent and real-time market insights which makes it easier to even take critical business decisions.
Data Bridge Market Research analyses that the oxygen delivery systems market which was USD 12,949.38 million in 2021, is expected to reach USD 21111.31 million by 2029, at a CAGR of 6.3% during the forecast period 2022 to 2029.
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A device used to help, regulate, and supplement oxygen to patients in order to increase arterial oxygenation is known as an oxygen delivery system. Oxygen delivery systems provide oxygen therapy, which involves the administration of oxygen at concentrations higher than those found in the surrounding air. Both chronic and acute patient care make use of oxygen delivery systems. The majority of patients with respiratory distress who are admitted to the emergency room, ICU, or ICCU are routinely given oxygen.
COVID-19 Impact on the Oxygen Delivery Systems Market
COVID-19 had a huge effect on health systems, with hospitals in many low-income countries running out of oxygen, resulting in avoidable deaths and families of hospitalized patients paying a premium for scarce oxygen supplies. More than 500,000 people in LMICs are estimated to require 1.1 million cylinders of oxygen per day, with 25 countries reporting surges in demand, the majority of which are in Africa. This supply was already constrained before COVID-19, and the pandemic has worsened the situation.
Despite being critical for the effective treatment of hospitalized COVID-19 patients, access to oxygen in LMICs is limited due to cost, infrastructure, and logistical barriers. Health-care facilities frequently lack access to oxygen, resulting in unnecessary deaths.
Some of the major players operating in the oxygen delivery systems market are:
- Linde plc (Ireland)
- Invacare Corporation (U.S.)
- Koninklijke Philips N.V. (Netherlands)
- Chart Industries, Inc. (U.S.)
- BD (U.S.)
- Teleflex Incorporated (U.S.)
- ICU Medical, Inc. (U.S.)
- Fisher & Paykel Healthcare Limited (New Zealand)
Competitive Landscape and Oxygen Delivery Systems Market Share Analysis
The oxygen delivery systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to oxygen delivery systems market.
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