Market Challenges And Opportunities

Global Disposable Oxygen Masks Market Dynamics

Increasing prevalence of respiratory related diseases around the globe is expected to propel the global disposable oxygen masks market growth over the forecast period. For instance, according to the World Health Organization Forum of International Respiratory Societies 2017 report, around 65 million people suffer from COPD (chronic obstructive pulmonary disease) and 3 million die each year from COPD, making it the third major cause of death around the globe.

Same report also revealed that around 334 million people suffer from asthma, the most common chronic disease in children affecting 14% of the children, globally. Lung cancer was the cause of death of 1.6 million people each year and pneumonia affects millions of people, annually which is the leading cause of death among the children below 5 years.

Moreover, increasing urbanization and industrialization is leading to poor air quality, which is playing vital factor in rising respiratory diseases and. For instance, according to the World Health Organization 2018 report, 4.2 million deaths every year are caused due to exposure to outdoor air pollution. Also, outdoor air pollution in both rural areas and cities was estimated to cause 4.2 million premature deaths worldwide in 2016. Owing to these factors, physicians advise patients for oxygen therapy using oxygen masks, which is propelling the global disposable oxygen market growth. However, availability of alternative products in the market such as nasal cannula are expected to hinder growth of disposable oxygen masks market size.