The study covers a detailed analysis segmented by key business segments i.e. by type (Oral Nasal Mask and Full-Face Mask) , by application (Medical, Industrial and Others) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Oxygen Masks market throughout the predicted period.
What is Oxygen Masks?
Oxygen masks is used for oxygen therapy. There are two type of masks, one covers the entire face and other which covers only mouth and nose. Oxygen mask market has high growth prospects owing increasing number of patients with respiratory disorders. In addition, growing healthcare infratstrure and favorable reimbursement policies propelling the market growth.
The competition is expected to become even more intense in the years to come due to entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Oxygen Masks market analysis report suggests strategies Players can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, including:
- Philips Healthcare (Netherlands)
- Invacare Corporation (United States)
- 3M (United States)
- Flexicare Medical (United Kingdom)
- Becton, Dickinson and Company (United States)
- Smith’s Medical (United States)
- TECNO-GAZ S.p.A (Italy)
- Medicap homecare GmbH (Germany)
- Besmed (Taiwan)
- Allied Healthcare Products Inc. (United States)
“According to the Food and Drug Administration (FDA), an oxygen mask is a device placed over a patient's nose, mouth, or tracheostomy to administer oxygen or aerosols. FDA has exempted almost all class I devices (with the exception of reserved devices) from the premarket notification requirement. If a manufacturer's device falls into a generic category of exempted class I devices as defined in 21 CFR Parts 862-892, a premarket notification application and FDA clearance is not required before marketing the device in the United States.”
Market Trend
Increasing Use of Oxygen Mask in Treatment Chronic Obstructive Pulmonary Disease and Technological Advancement in the Medical Industry
Restraints
- Stringent Regulatory Guidelines Causing Delays in Product Approval
Opportunities
Favorable Reimbursement Policies and Increasing Demand from the Developing Economies
Key highlights of the Global Oxygen Masks market Study:
CAGR of the market during the forecast period 2020-2026
In-depth information on growth factors that will accelerate the Oxygen Masks market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Oxygen Masks market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Oxygen Masks Players
Transformation and Important Trigegrs:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
• A tipping point in globalization
• A major slowdown in Western economies
• Significant shifts in technology and cost structure
• The challenges of regulatory compliance
• New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Oxygen Masks market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Oxygen Masks market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Research Associations Related To Oxygen Therapy, Healthcare Institutions (Hospitals, Laboratories, Medical Schools, and Outpatient Clinics), Various Research and Consulting Firms, Distributors of Oxygen Therapy Equipment, Research Institutes and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.