Oxygen Therapy Market Analysis: Major Players, Lucrative Segments And Top Geographies
30 May, 2023
The global oxygen therapy market size is expected to grow from $23.70 billion in 2022 to $25.89 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global oxygen therapy market size is expected to reach $36.53 billion in 2027 at a CAGR of 9.0%.
Global Oxygen Therapy Market Key Driver
The increased prevalence of respiratory illnesses is projected to boost the oxygen therapy market forward in the coming years. A respiratory illness is a condition that affects the lungs and other organs of the respiratory system. Examples of lung diseases include tuberculosis, lung cancer, mesothelioma, cystic fibrosis, and asthma. Oxygen therapy is used to treat persons with respiratory diseases by supplying an extra supply of oxygen, which reduces shortness of breath.
Get a sample of the global oxygen therapy market reportGlobal Oxygen Therapy Market Segments
The global oxygen therapy market is segmented:
1) By Product: Oxygen Delivery Devices, Oxygen Source Equipment
2) By Portability: Stationary Devices, Portable Devices
3) By Application: Pneumonia, Chronic Obstructive Pulmonary Disease, Asthma, Obstructive Sleep Apnea, Respiratory Distress Syndrome, Cystic Fibrosis, Other Applications
4) By End User: Hospitals, Clinics, Home Care, Post Acute Care Settings
5) By Geography: The regions covered in the oxygen therapy market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global oxygen therapy market.
Major Oxygen Therapy Industry Players
Smiths Medical Inc., Hersill SL, Fisher & Paykel Healthcare Corporation Limited, Invacare Corporation, Teleflex Incorporated, Koninklijke Philips N.V., Drive Devilbiss International, Allied Healthcare Products Inc., Becton, Dickinson and Company, General Electric Company, Getinge Group, Essex Industries Inc., Chart Industries Inc., Drägerwerk AG & Co. KGaA, GCE Group, Thermo Fisher Scientific Inc., OxyBand Technologies Inc., Nidek Medical Products Inc.
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Oxygen Therapy Market Overview
Oxygen therapy refers to using additional oxygen as part of sickness management in people suffering from respiratory problems who can't naturally breathe in sufficient oxygen due to various diseases and ailments. Oxygen therapy provides persons with lung disorders or breathing difficulties with the oxygen their bodies require to operate.
Oxygen Therapy Global Market Report 2023 provides data on the global oxygen therapy market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The oxygen therapy market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.