OXYGEN CONSERVATION DEVICES MARKET ANALYSIS

Regional Analysis

Oxygen Conservation Devices Market - Regional Analysis

On the basis of region, the global oxygen conservation devices market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America holds dominant position in the oxygen conservation devices market, owing to highly supportive reimbursement policies and high patient population. For instance, Medicare and Medicaid policies of the U.S. offers reimbursement on the prescribed oxygen therapy. However, Asia Pacific is expected to witness significant growth, owing to increasing incidence of asthma and increasing government initiatives to create awareness about the presence of devices such as oxygen conservation device. According to the article in journal Asia Pacific Allergy, 2014, asthma is a major chronic disease in Asia and prevalence of childhood asthma is observed to be continuously increasing over the last decade (2003-2013)