Medical oxygen home healthcare systems’ market was greatly impacted by the global economic slump in recent times. As the economic situation recovered, market is also expected to be good in coming years. In the elderly population of US and Europe there is a high demand of home oxygen systems. Another growth is related to the respiratory diseases like the chronic obstructive and also the chronic hypoxemia. All these gives a potential market for the oxygen therapies and the manufacturer gets lucrative opportunity for the delivery of related equipments. The manufacturers are now mainly focusing on the production of oxygen cylinders, oxygen conservers and liquid oxygen.
US is the largest region in the world for oxygen systems and this is also been revealed by the research report. The demand of respiratory related products are increasing at rapid speed day by day to the old population and also due to the popularity of adopting related treatment at such place which are cost effective like home or post-acute units. Home equipment market is increasing because the medcal professionals are encouraging the people for the home treatment for better recovery of the patients. The demand of liquid oxygen systems, oxygen and oxygen concentrators are high.
The largest segment is the oxygen concentrators. The other major segment is the liquid oxygen systems. Globally, if we look growth wise, it is 6 percent.
The major players in the indsutry who is benefiting are AirSep Corporation, Inovo Inc., DeVilbiss Healthcare, Mallinckrodt Inc., Invacare Corporation, Philips Healthcare, Terumo Group, Weinmann and SeQual Technologies.
