The Global Oxygen Therapy Market Report is a compilation of comprehensive research studies of various aspects of the Oxygen Therapy Market. With accurate data and highly authentic information, a brilliant attempt is made to paint a true, transparent picture of the current and future situations of the global Oxygen Therapy market. Market participants can use this powerful tool when creating effective business plans or making major changes to their strategies. The report discusses the growth of the global as well as regional markets. It also throws light on high-growth segments of the global Oxygen Therapy market and how they will evolve in the years to come.
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The global oxygen therapy market revenue stood at US$ 9399.1 million in 2022, and is expected to grow with a CAGR of over 10.9% during the forecast period of 2022 – 2030.. 3M, General Electric Company, Koninklijke PhilipsN.V., Chart, DeVilbiss Healthcare, Essex Industries, Inc., Fisher & Paykel Healthcare Limited, Inogen, Inotec AMD Limited., Invacare Corporation, VitalAire, Teleflex Incorporated, ResMed, O2 CONCEPTS, LLC, OxyBand Technologies, Nidek Medical Products Inc., and MAQUET Holding B.V. & Co.KG amongst others.
Oxygen therapy refers to the treatment concerned with providing required oxygen to patients suffering from various breathing disorders such as chronic obstructive pulmonary disease (COPD), asthma, sleep apnea, cystic fibrosis and pneumonia amongst others. The therapy assists patients suffering from hypoxemia and improve their quality of living. The types of systems through which oxygen is delivered include oxygen concentrators, compressed oxygen cylinder and liquid oxygen cylinder. Compressed and liquid oxygen cylinders are stationary oxygen tanks and are heavier due to their high storage capacity whereas concentrators are lighter, electrically chargeable and mobile. The adoption of oxygen concentrators is more dominant among patients owing to its portability characteristic. Additionally, increase in prevalence of chronic respiratory diseases is further supplementing the growth of oxygen therapy market. Lack of adequate skillsets to effectively diagnose, prevent and manage COPD across both, rural and urban areas along with high developmental cost of advanced and innovative devices are critically impacting the market growth in low-middle income countries.
In 2018, World Health Organization (WHO), reported that about nine out of ten people were inhaling contaminated air, and was also identified as the main reason for death of about 7 million lives annually. A majority of premature death in Europe is attributed to the alarming presence of fine particulate matter (PM2.5), nitrogen dioxide (NO2) and ozone (O3) in the air causing asthma, lung cancer and heart diseases. European Environment Agency (EEA) reported that the peril has impacted about 40 countries in Europe. Air pollution is thus identified as among the major concern triggering respiratory diseases, and is thereby contributing towards the growth of oxygen therapy market.
Medical equipment such as oxygen masks, bag valve masks, and nasal cannulas are being widely used in oxygen delivery system. Market participants are engaging in developing innovative healthcare solutions in this regard. In June 2019, ZOLL Medical Corporation, manufacturer of innovative medical equipment and developer of related software solutions, acquired TherOx, Inc., a medical device company, to include supersaturated oxygen therapy (SSO2) into their product portfolio. The therapy is mainly focused towards the treatment of acute myocardial infarction (AMI), thereby subsiding the impact on heart tissue. The additional development in the technology aims to find applications in various other physiologic areas. Hence, such advancements in healthcare remedies are supplementing the growth of oxygen therapy market.
North America region holds the largest market share in the global oxygen therapy market, owing to the availability of well-equipped infrastructure and greater adoption of advanced technology. Massive investments being made into further advancement of the technology has propelled the expansion of the market in the region. Oxypoint, a Europe-based medical device company, offers
O2COMFORT flowmeter which enables constant and convenient inhalation of one to five litres of oxygen per minute, thereby aiding in reduced wastage as compared to the traditional flowmeter.
The company obtained its first round of funding of about USD 4.28 Million in 2018 towards the development of medical devices for oxygen therapy in hospitals. The company is further focusing towards expanding its commercial footprint in East and North America. The oxygen therapy market in Asia Pacific is anticipated to be the most attractive market owing to faster adoption of advance technologies in China, India and Japan.
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Global Oxygen Therapy Market (2015 – 2027)
- By Oxygen Source Equipment
- Oxygen Concentrators
- Compressed Oxygen Cylinders
- Liquid Oxygen Systems
- By Oxygen Delivery Devices
- Oxygen Masks
- Bag Valve Masks
- Nasal Cannulas
- Venturi Mask
- Others
- By End Users
- Hospitals & Clinics
- Home Healthcare
- Rehabilitation Centers
- By Application
- COPD (Chronic Obstructive Pulmonary Disease)
- Asthma
- Sleep Apnea
- Respiratory Distress Syndrome (RDS)
- Cystic Fibrosis
- Pneumonia
- Others
- By Region
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- North America
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