Medical Oxygen Systems Market to Surge Past US$ 4.0 Billion by 2025 : CMI

GLOBAL MEDICAL OXYGEN
SYSTEMS MARKET
INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND
OPPORTUNITY ANALYSIS, 2017–2025
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REPORT DESCRIPTION
Automated Breast Ultrasound Systems Market Overview
The Global Medical Oxygen Systems Market was valued at US$ 2,018.6 million in 2015 and
is projected to expand at a CAGR of 7.4% during the forecast period (2017–2025), as
highlighted in a new report published by Coherent Market Insights. Growing incidence of
respiratory disorders and pronounced need to provide oxygen supply to patients after
surgeries, which is expected to be the major factor driving growth of the global medical
oxygen systems market over the foreseeable future.
According to the National Center for Health Statistics, an estimated 232 million surgical
procedures were performed globally in 2013. The surgical procedures compels the global
healthcare device manufacturers to provide oxygen to patients undergoing medical
operations. Cardiovascular and respiratory system surgeries accounts for the highest
number of diagnostic and hospitalization cases, thereby increasing demand for medical
oxygen devices. The medical oxygen systems provide continuous oxygen supply to the
body post surgeries to maintain an equilibrium in heart rates.
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REPORT DESCRIPTION
According to the World Health Organization estimates in 2016, an expected 3 million deaths
were caused by chronic obstructive pulmonary disease in 2015 contributing a total 5% of all
deaths globally in the given year. The study by WHO also states that around 65 million
people have moderate to severe chronic obstructive pulmonary disease (COPD)
characterized by persistent reduction of air flow leading to breathlessness, mainly caused
due to frequent respiratory infections from childhood, outdoor air pollution and presence of
occupational chemicals like irritants, fumes and vapors.
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The rising birth defects results in abnormal development of fetus, growth retardation and
functional disorders. According to the Centers of Disease Control and Prevention statistics,
approximately 1.5 million babies were born with birth defects, with about one quarter
primary consultations related to respiratory complaints. Artificial ventilation or breathing
strategy through medical oxygen systems increases the chances of survival for the babies
suffering from newborn respiratory distress syndrome, cyanosis and broncho-pulmonary
dysplasia.
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REPORT DESCRIPTION
• Key takeaways of the medical oxygen systems market:
• The global medical oxygen systems market is expected to expand at a CAGR of 7.4%
during the forecast period (2017–2025) as there exists a huge demanding market
especially in Asia Pacific, Latin America, Middle East and Africa.
• The compressed oxygen cylinder and liquid oxygen system dominates the market in
the product segment, as it is the largely affordable system in medical healthcare
facilities.
• Stationary/standalone oxygen systems are the major modalities of medical oxygen
systems market, as these modalities offer greater convenience to the patients owing
to the long-term oxygen therapy.
• Some of the major players involved in global medical oxygen systems market are
Cryofab Inc, Respironics, Inc., Medtronic, Atlas Copco, Terumo Medical Corporation,
Keen Compressed Gas Co, Inogen Inc, GF Health Products, Inc. and Invacare
Corporation.
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The Global Medical Oxygen Systems Market was valued at US$ 2,018.6 million in 2015 and is projected to expand at a CAGR of 7.4% during the forecast period (2017–2025), as highlighted in a new report published by Coherent Market Insights. Growing incidence of respiratory disorders and pronounced need to provide oxygen supply to patients after surgeries, which is expected to be the major factor driving growth of the global medical oxygen systems market over the foreseeable future.