Oxygen Therapy Market

Oxygen Therapy Market Size, Share, Growth Analysis, By Product(Oxygen Source Equipment, Oxygen Cylinders, Fixed, Portable), By Application(Chronic Obstructive Pulmonary Disease, Asthma, Obstructive Sleep Apnea, Respiratory Distress Syndrome), By End-use(Non-home Healthcare, Home healthcare), By Regional(North America, Asia Pacific, Latin America) - Industry Forecast 2024-2031


Report ID: UCMIG35A2196 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Oxygen Therapy Market Insights

Market Overview:

The global market for oxygen therapy was valued at USD 33.47 billion in 2021, and it is projected to experience a compound annual growth rate (CAGR) of 5.78% from 2022 to 2030. The primary drivers of the market are the growing incidence of chronic respiratory diseases and the increasing demand for home healthcare. For example, the National Institutes of Health (NIH) reports that in the U.S. alone, around 12 million adults have been diagnosed with chronic obstructive pulmonary disease (COPD), and 120,000 individuals die each year from this disease. Furthermore, the Global Asthma Network (GAN) reports that asthma affects roughly 334 million people worldwide. As a result, the increasing number of patients is anticipated to drive demand for oxygen therapy products and promote market growth in the upcoming years.

Oxygen Therapy Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Oxygen Therapy was estimated to be valued at US$ XX Mn in 2021.

The Oxygen Therapy Market is estimated to grow at a CAGR of XX% by 2028.

The Oxygen Therapy Market is segmented on the basis of Product, Application, End-use, Regional.

Based on region, the Oxygen Therapy Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Oxygen Therapy Market are GE Healthcare, Invacare Corporation, Inogen, IUC Medical (Smiths Medical), HERSILL S.L., Fisher & Paykel Healthcare Limited, Philips Respironics, Inc., DeVilbiss Healthcare, Tecno-Gaz Industries, Allied Healthcare Products, Inc., Teleflex Incorporated.

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Oxygen Therapy Market

Report ID: UCMIG35A2196

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