Market Trends of Global Dyspnea Treatment Industry
This section covers the major market trends shaping the Dyspnea Treatment Market according to our research experts:
Supplemental Oxygen Therapy is Expected to Witness Healthy Growth Over the Forecast Period
Supplemental oxygen is the use of oxygen as a medicinal treatment. Acute indications for therapy include hypoxemia, carbon monoxide poisoning, and cluster headache. It may also be administered prophylactically to maintain blood oxygen levels during anesthesia induction.
Patients with other chronic lung diseases such as dyspnea are frequently prescribed oxygen therapy because it improves the quality of life and increases survival in hypoxemic patients with chronic obstructive pulmonary disease (COPD). According to the study titled "Long-term supplemental oxygen therapy" by Rick Carter published in March 2022, in the United States, 1.5 million patients received oxygen therapy each year. Thus, it is anticipated that the market will grow during the forecast period due to the rising trend of using oxygen therapy for respiratory conditions, including dyspnea.
According to the study titled "Administration of Supplemental Oxygen" published in the New England Journal of Medicine in July 2021, the study reported that supplemental oxygen is the most effective component in the treatment of dyspnea. Supplemental oxygen therapy improves sleep, mood, mental clarity, endurance, and the ability of people with some types of lung disease to perform regular, everyday tasks. In patients with severe lung diseases, additional oxygen therapy helps prevent heart failure. As a result of the additional advantages of oxygen therapy, the market is anticipated to expand throughout the forecast period.
Growing funding for oxygen therapy support is anticipated to accelerate the segment's growth. For instance, in June 2022, the United States Agency for International Development (USAID) has advanced plans for a previously announced USD 50 million investment to increase access to medical oxygen worldwide, beginning with commitments to build and enhance health care infrastructure to support bulk liquid oxygen in 50 facilities around the world. According to estimates from USAID, the investment will support the provision of medical oxygen at more than 20,000 beds, allowing thousands of patients to receive oxygen therapy every year. Moreover, the Global Fund invested around USD 600 million to help more than 80 lower-middle-income countries increase patient access to medical oxygen, and the United States is the fund's single-largest donor. Such government initiatives lower the cost for the patient population, which ultimately accelerates the segment's growth.
Thus, owing to the above factors the segment is expected to show a healthy growth rate over the forecast period.
North America is Expected to Hold a Significant Market Share Over the Forecast Period
North America dominated the global dyspnea treatment market due to the presence of major market players, an increase in product approvals, a developed health care system, and a high prevalence of obesity and cardiopulmonary diseases.
According to the study titled "Respiratory Symptoms among US Adults: A Cross-Sectional Health Survey Study" published in Pulmonary Therapy in July 2022, the most common respiratory symptom, followed by a productive cough and shortness of breath, affects 17% of adult Americans every year. Morbid obesity was the most common comorbidity in subjects reporting this symptom, even though asthma, chronic obstructive pulmonary disease (COPD), and coronary heart disease were common causes of dyspnea on exertion. Moreover, the growing prevalence of these diseases is expected to boost the market growth. As per the Office of Disease Prevention and Health Promotion (ODPHP) 2020, more than 25 million people in the United States had asthma and approximately 14.8 million adults have been diagnosed with COPD.
Additionally, it is anticipated that a growing air population and harmful toxins will support market expansion. The United States Environmental Protection Agency in June 2022, in the United States, approximately 67 million tons of pollution were released into the atmosphere in 2021. These emissions primarily cause ozone and particle formation, acid deposition, and reduced visibility. this might result in several respiratory conditions, like breathing difficulties (dyspnea).
A growing number of clinical trials are anticipated to introduce better treatment options for diseases, which is anticipated to spur market expansion. According to the Clinitrials.gov updates in February 2022, the study titled "Dexamethasone in Controlling Dyspnea in Patients with Cancer" by the National Cancer Institute (NCI), the study has accessed the effectiveness of dexamethasone in managing dyspnea in cancer patients. In cancer patients, dexamethasone may enhance lung function, reduce dyspnea (shortness of breath), and enhance the quality of life. So, it may be anticipated that this will launch soon and aid in the expansion of the market under consideration.
Thus, owing to all above-mentioned factors the market is expected to witness high growth
