The global oxygen hoods market is anticipated to grow at a considerable CAGR of 5.4% during the forecast period (2022-2028). Oxygen hoods are the medical devices used by patients to support respiration if they feel difficulty in breathing. The major factor attributing to the growth of the global oxygen hoods market is the rising prevalence of chronic respiratory diseases across the globe. According to the World Health Organization (WHO), around 235 million people are suffering from chronic respiratory diseases around the globe. More than 3 million mortalities are caused due to asthma every year which represents 6% of the total deaths occurred globally. Furthermore, the patients with Hypoxia are also driving the demand for oxygen hoods. Hypoxia is a disease in which an adequate amount of oxygen is not available to tissues requiring oxygen hoods to support the regulation of oxygen to the needed tissues.
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The rising prevalence of oxidative stress, a phenomenon caused by the imbalance of production and accumulation in oxygen reactive species (ROS) in cells and tissue in humans due to increased cardiovascular diseases across the globe, is also driving the growth of the global oxygen hoods market. According to a report published by the WHO in June 2021, around 17.9 million mortality occurs due to cardiovascular diseases representing 32% of global deaths.
Scope of the Oxygen Hoods Report
The research study analyzes the Oxygen Hoods industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
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Oxygen Hoods Market Segmentation:
By Type
- Pediatric Patients
- Adults
- Animals
By Application
- Chronic Respiratory Diseases
- Hypoxia
- Oxidative Stress
By End-user
- Hospitals
- Speciality Clinics
- Home Use
Mentioned below are the prime players taken into account in this research report:
- Natus Medical Inc.
- Fanem
- Kruuse
- Phoenix Medical Systems
- Farstar Medical GmbH
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Oxygen Hoods Market Report
- What was the Oxygen Hoods Market size in 2021 and 2027; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Oxygen Hoods Market during the forecast period (2022-2028)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
- Which manufacturer/vendor/players in the Oxygen Hoods Market was the market leader in 2020?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Oxygen Hoods market.
- The market share of the Oxygen Hoods market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Oxygen Hoods market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Oxygen Hoods market.
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