Oxygen Therapy Equipment Market By Share, Size and Forecast 2028|TechSci Research

Summary

Report Description

Forecast Period	2024-2028
Market Size (2022)	USD 10.83 Billion
CAGR (2023-2028)	6.22%
Fastest Growing Segment	Portable
Largest Market	North America

Market Overview

Global Oxygen Therapy Equipment Market has valued at USD 10.83 Billion in 2022 and is anticipated to project impressive growth in the forecast period with a CAGR of 6.22% through 2028. Oxygen therapy is a treatment modality for individuals requiring adequate oxygen levels. It is commonly utilized to manage conditions like asthma, Chronic Obstructive Pulmonary Disease (COPD), sleep apnea, and others where there is an insufficiency in oxygen supply to patients. Depending on their specific needs, patients can access various types of oxygen therapy such as oxygen concentrators, liquid oxygen, and hyperbaric oxygen therapy. Oxygen therapy, as a medical intervention, employs oxygen gas to deliver acute or chronic patient care, as it plays a crucial role in diverse cell metabolism and optimal physiological function through tissue oxygenation.

When blood oxygen levels are low, oxygen therapy is employed. It can be administered through different methods, ranging from nasal to hyperbaric oxygen in a closed environment. The respiratory system, consisting of the lungs, nasal passages, and windpipe, facilitates the process of respiration. Air enters the body through the nose or mouth and travels through the windpipe to the lungs via the bronchi. Oxygen therapy equipment is a reliable device that offers a secure supply of oxygen-enriched air. These devices effectively filter room air, removing dust, bacteria, and other particulates to ensure optimal purity.

Key Market Drivers

Surge In the Latest Oxygen Therapy Solutions

The demand for the most minor, durable portable oxygen solutions is rising. Patients are increasingly seeking oxygen therapy options that are not only compact and long-lasting but also easy to carry. This preference arises from their desire to avoid the burden of lugging around a heavy and cumbersome oxygen device. Fortunately, recent years have witnessed significant advancements in oxygen-conserving methods and lithium-ion battery technology, particularly in terms of battery life improvement.

The latest versions of portable oxygen concentrators weigh a mere 5-7 pounds. These lightweight devices can provide oxygen therapy for extended periods, ranging from 8 to 13 hours, depending on the litre flow settings chosen by each patient, after a single battery charge. The focus of manufacturers has also shifted towards developing silent compressor motors for these concentrators, thereby reducing noise pollution in small and confined spaces.

Moreover, the effective utilization of dosing technology has enabled portable oxygen concentrator manufacturers to enhance their products' performance features. This, in turn, has resulted in current designs that offer a longer lifespan beyond occasional use, making them more reliable and durable for a consistent five-year cycle. With these advancements and improvements, patients can now enjoy the benefits of portable oxygen therapy without compromising on convenience, reliability, and longevity.

Increase in Tobacco Smoking

The increase in tobacco smoking is expected to drive up the demand for oxygen therapy equipment, as smoking-related health issues continue to be a major public health concern worldwide. Smoking is a leading cause of various respiratory conditions, including chronic obstructive pulmonary disease (COPD) and lung cancer, which often necessitate oxygen therapy as part of the treatment and management plan.

COPD, a progressive lung disease commonly linked to smoking, can severely impact a person's ability to breathe efficiently. As the condition worsens, individuals often experience oxygen deficiency, requiring supplemental oxygen therapy to maintain adequate blood oxygen levels. With the rising number of COPD cases due to smoking, there is a growing need for oxygen concentrators, portable oxygen tanks, and other oxygen delivery systems to improve the quality of life for affected individuals.

Moreover, smoking is a significant risk factor for lung cancer, and patients undergoing lung cancer treatments may also require oxygen therapy to manage symptoms and side effects. As the global incidence of lung cancer continues to rise due to smoking habits, the demand for oxygen therapy equipment, such as oxygen concentrators and oxygen masks, is likely to increase in tandem. The increase in tobacco smoking-related health conditions underscores the vital role that oxygen therapy equipment plays in managing and improving the lives of affected individuals. As smoking-related respiratory diseases continue to pose a significant global health challenge, the demand for oxygen therapy equipment is expected to grow, necessitating ongoing advancements and innovations in this critical medical field.

Rising Prevalence of Respiratory Diseases

The rising prevalence of respiratory diseases is expected to drive a significant increase in the demand for oxygen therapy equipment, marking a crucial facet of modern healthcare. Respiratory diseases such as chronic obstructive pulmonary disease (COPD), asthma, pneumonia, and interstitial lung diseases are on the rise globally, and they often necessitate the use of oxygen therapy to manage symptoms and improve patients' quality of life.

Chronic respiratory conditions like COPD have become a major public health concern, particularly due to factors such as air pollution, smoking, and an aging population. Patients with COPD often experience difficulty in breathing and require supplemental oxygen to maintain adequate blood oxygen levels. This growing demographic has led to an increased demand for oxygen concentrators, portable oxygen tanks, and other oxygen delivery systems.

Asthma, another common respiratory ailment, affects millions of people worldwide, and severe asthma attacks can lead to oxygen deprivation. Oxygen therapy is often crucial in stabilizing patients during acute asthma exacerbations, further contributing to the demand for oxygen-related equipment. The COVID-19 pandemic also highlighted the importance of oxygen therapy equipment as hospitals worldwide faced surges in patients with severe respiratory symptoms. This emphasized the necessity for having adequate oxygen infrastructure in healthcare facilities, further underscoring the demand for oxygen concentrators and ventilators.

Furthermore, as healthcare trends shift towards home-based care and telemedicine, the demand for portable and user-friendly oxygen therapy equipment for patients managing chronic respiratory conditions at home is increasing.

Technological Advancement in Oxygen Therapy

Technological advancements in the field of oxygen therapy are poised to revolutionize the healthcare industry, driving an unprecedented surge in the demand for oxygen therapy equipment. These innovations are not only improving the efficacy of treatment but also enhancing patient comfort and accessibility, thus reshaping the landscape of respiratory care.

One significant development is the proliferation of portable oxygen concentrators (POCs) that offer patients the freedom to receive oxygen therapy while on the move. These lightweight and compact devices are equipped with advanced battery technology, ensuring extended runtime, and they allow patients to maintain an active lifestyle, contributing to an increased quality of life. As the aging population continues to grow, the demand for POCs is expected to soar, as they enable seniors to remain independent and engaged in their communities.

Moreover, telemedicine and remote monitoring solutions have emerged as powerful tools in oxygen therapy management. The integration of smart sensors and wireless connectivity enables healthcare professionals to remotely track patients' oxygen levels, adjust treatment plans in real-time, and provide immediate support when necessary. This not only enhances the overall patient experience but also reduces the burden on healthcare facilities and staff.

Download Free Sample Report

Key Market Challenges

Stringent Regulatory Guidelines

Stringent regulatory guidelines in the healthcare industry have the potential to significantly decrease the demand for oxygen therapy equipment. While regulations are essential for ensuring patient safety and treatment efficacy, an excessively complex or burdensome regulatory environment can create obstacles that hinder innovation, drive up costs, and limit market access for manufacturers and healthcare providers. Rigorous regulatory processes can slow down the introduction of new and improved oxygen therapy equipment to the market. This delay can have serious consequences, as patients may miss out on potentially more effective treatments or innovations that enhance their quality of life. Healthcare providers may also be discouraged from adopting new technologies due to the uncertainties and complexities associated with regulatory approval, further stifling demand.

Additionally, stringent guidelines can lead to a limited selection of available equipment, reducing competition and innovation within the industry. This lack of variety can result in fewer options for patients and healthcare professionals, making it harder to find solutions that best meet individual needs. While regulatory guidelines are crucial for ensuring patient safety and treatment effectiveness, excessively stringent regulations can create barriers that diminish the demand for oxygen therapy equipment. Striking the right balance between regulation and innovation is essential to ensure that patients have access to the most advanced and affordable respiratory care solutions.

Frequent Adverse Effects

The market expansion for oxygen treatment is being constrained by their unfavorable side effects, which, when used therapeutically, include skin irritation and nasal dryness. Dryness of the nose and skin irritation are two of the most typical side effects of oxygen therapy. The cannula may rub against the skin and create irritation.

Moreover, prolonged exposure to high oxygen concentrations can lead to an increased risk of oxygen toxicity, which can seriously harm not only the lungs but also other organ systems. Inappropriate or excessive supplemental oxygen can result in oxygen toxicity, causing detrimental effects on lung function and overall health. This can potentially lead to lung injury and impair the body's ability to effectively exchange gases.

Additionally, the range of lung ailments that can be induced by oxygen therapy extends beyond minor tracheobronchitis to include widespread alveolar damage. The excessive production of free radicals due to long-term exposure to high oxygen concentrations can further contribute to lung injury and hinder the overall effectiveness of oxygen therapy.

Considering these factors, it becomes evident that the presence of such side effects and potential risks associated with oxygen therapy may pose challenges in the expansion of the oxygen therapy equipment market.

Key Market Trends

Technology Advancements in Therapeutic Equipment

Due to the significant increase in the number of individuals with respiratory conditions who rely on oxygen therapy devices (OTD), healthcare facilities are facing immense pressure to effectively manage patients who require constant OTD support. This growing demand is driving the market for oxygen therapy solutions. As wearable technology continues to advance, with notable improvements in Photoplethysmography (PPG) sensors and wireless 5G connectivity, it is expected that the trend of **digital health** data transfer for oxygen therapy monitoring will experience rapid growth.

PPG, a non-invasive device, accurately measures volumetric fluctuations in blood circulation by utilizing a light source and a photodetector placed on the skin's surface. Wearable PPG sensors can be comfortably accommodated on specific body parts such as fingertips, earlobes, and the forehead. Moreover, with the increasing utilization and adoption of remote patient monitoring systems, patients are becoming more actively engaged in their own care, thanks to proper instruction in the use of these systems. These advancements and patient involvement hold promising prospects for the market's growth and profitability.

Advanced Portable Oxygen Solutions

Portable oxygen concentrators (POCs) and lightweight, wearable devices will continue to evolve. These innovations will allow patients to receive oxygen therapy while maintaining an active lifestyle and even traveling, contributing to a better quality of life. POCs will continue to become smaller and lighter, making them highly portable. These devices will be easier to carry in backpacks or even wear as discreet accessories. Patients will have the freedom to move around without the burden of bulky equipment.

Battery technology will advance, providing POCs with longer runtime. This means patients can go longer periods without needing to recharge or replace their batteries, making travel and outdoor activities more practical. POCs will feature wireless connectivity options, allowing for remote monitoring by healthcare providers and caregivers. Real-time data on oxygen levels and usage patterns can be transmitted, enabling timely adjustments to treatment plans and better support. These advancements will collectively empower patients to lead more active and fulfilling lives while managing their oxygen therapy needs. With greater portability, convenience, and connectivity, patients will be better equipped to maintain an active lifestyle, travel, and participate in a wide range of activities, ultimately contributing to an improved quality of life for individuals with respiratory conditions.

Segmental Insights

Mobility Insights

Based on the mobility segment, the stationary oxygen therapy equipment devices is projected to dominate the market in terms of portability. This is primarily due to the fact that a significant number of patients receiving treatment are confined to beds, thus making the fixed oxygen therapy equipment market the key driver and contributor to maximum market revenue throughout the projection period.

The expansion of this category can be attributed to several factors, including a rising population base, favourable reimbursement policies, and a low mobility profile of patients. As a result, there is an increased demand for long-term oxygen therapy (LTOT) equipment in residential settings, which is expected to further boost the overall demand for oxygen therapy equipment over the projected period. The utilization of LTOT equipment in residential settings not only provides enhanced convenience and comfort for patients but also contributes to the overall improvement in their quality of life.

Application Insights

Based on the Application, the market is bifurcated into Chronic Obstructive Pulmonary Disease (COPD), Lung Cancer, Pneumonia, COVID-19, and others. Among these, the Chronic Obstructive Pulmonary Disorder (COPD) segment dominates the market with the largest share, owing to the increasing prevalence of COPD worldwide. According to estimates by the World Health Organization (WHO), approximately 65 million individuals are currently suffering from COPD, making it the fifth-leading cause of death globally. This alarming statistic highlights the urgent need for effective COPD therapy and creates a significant clinical demand in the market, which in turn contributes to the growth of companies operating in this domain. With the rising prevalence of COPD, there is an increasing focus on developing innovative treatment solutions to address this chronic respiratory disorder and improve the quality of life for affected individuals.

Download Free Sample Report

Regional Insights

During the forecast period, North America is anticipated to maintain its dominance in the global oxygen therapy equipment market. This is attributed to the increasing prevalence of respiratory diseases like COPD, asthma, and carbon monoxide poisoning. Additionally, the rising number of Covid-19 cases in the region is expected to drive the demand for oxygen therapy equipment in the coming years.

Moreover, the United States holds the largest share in the global oxygen therapy equipment market, mainly due to its well-established healthcare infrastructure and the growing adoption of advanced non-invasive patient monitoring technologies. Furthermore, the presence of key market players such as Koninklijke Philips N.V., Invacare Corporation, and Inogen, Inc. is expected to further propel the oxygen therapy equipment market.

Considering various factors, including a sizable patient population and the introduction of new products in the region, the North American oxygen therapy equipment market is projected to witness significant growth during the forecast period.

Recent Developments

In July 2021 - Belluscura (BELL) announced the signing of its first contract and third distribution agreement with a producer of durable medical equipment for its line of portable oxygen concentrators, X-PLO2RTM. Durable medical equipment (DME) is available online and at multiple retail locations across various states. The X-PLO2RTM portable oxygen concentrator, expected to be delivered within 90 days, has already received orders from the third distributor.
In June 2020, Vincent Medical Holdings Limited, a global supplier of respiratory medical devices, announced a supply agreement with TAMER Healthcare for the provision of InspiredTM O2FLO High Flow Respiratory Humidifier ("O2FLO") and associated disposables to the Kingdom of Saudi Arabia.
In April 2019, Inogen, Inc. launched the Inogen One G5, a lightweight and portable oxygen concentrator.

Key Market Players

Allied Healthcare Products, Inc.
CAIRE Inc.
DeVilbiss Healthcare
Fisher & Paykel Healthcare Limited
Inogen Inc.
Invacare Corporation
Koninklijke Philips N.V.,
Smith’s Medical, Inc.
Taiyo Nippon Sanso Corporation
Linde Healthcare

By Product Type		By Mobility	By Application	By End User		By Region
	Oxygen Source Equipment Oxygen Delivery Devices	Stationary Portable	COPD Lung Cancer Pneumonia COVID-19 Others	Hospitals & Clinics Ambulatory Care Centers Homecare Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Oxygen Therapy Equipment Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Oxygen Therapy Equipment Market, By Product Type:

o Oxygen Source Equipment

o Oxygen Delivery Devices

Oxygen Therapy Equipment Market, By Mobility:

o Stationary

o Portable

Oxygen Therapy Equipment Market, By Application:

o COPD

o Lung Cancer

o Pneumonia

o COVID-19

o Others

Oxygen Therapy Equipment Market, By End User:

o Hospitals & Clinics

o Ambulatory Care Centres

o Homecare

o Others

Oxygen Therapy Equipment Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe

§ France

§ United Kingdom

§ Italy

§ Germany

§ Spain

o Asia-Pacific

§ China

§ India

§ Japan

§ Australia

§ South Korea

o South America

§ Brazil

§ Argentina

§ Colombia

o Middle East & Africa

§ South Africa

§ Saudi Arabia

§ UAE

§ Kuwait

§ Turkey

§ Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Oxygen Therapy Equipment Market.

Available Customizations:

Global Oxygen Therapy Equipment market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Oxygen Therapy Equipment Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validations

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Oxygen Therapy Equipment Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Product Type (Oxygen Source Equipment v/s Oxygen Delivery Devices)

5.2.1.1. By Oxygen Source Equipment (Oxygen Cylinders, Oxygen Concentrators, Liquid Oxygen Devices, Others)

5.2.1.2. By Oxygen Delivery Devices (Oxygen Masks, Nasal Cannula, Non-Rebreather Masks, Others)

5.2.2. By Mobility (Stationary v/s Portable)

5.2.3. By Application (COPD, Lung Cancer, Pneumonia, COVID-19, Others)

5.2.4. By End User (Hospitals & Clinics, Ambulatory Care Centers, Homecare, Others)

5.2.5. By Region

5.2.6. By Company (2022)

5.3. Market Map

6. North America Oxygen Therapy Equipment Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Product Type

6.2.2. By Mobility

6.2.3. By Application

6.2.4. By End User

6.2.5. By Country

6.3. North America: Country Analysis

6.3.1. United States Oxygen Therapy Equipment Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Product Type

6.3.1.2.2. By Mobility

6.3.1.2.3. By Application

6.3.1.2.4. By End User

6.3.2. Canada Oxygen Therapy Equipment Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Product Type

6.3.2.2.2. By Mobility

6.3.2.2.3. By Application

6.3.2.2.4. By End User

6.3.3. Mexico Oxygen Therapy Equipment Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Product Type

6.3.3.2.2. By Mobility

6.3.3.2.3. By Application

6.3.3.2.4. By End User

7. Europe Oxygen Therapy Equipment Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Product Type

7.2.2. By Mobility

7.2.3. By Application

7.2.4. By End User

7.2.5. By Country

7.3. Europe: Country Analysis

7.3.1. Germany Oxygen Therapy Equipment Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Product Type

7.3.1.2.2. By Mobility

7.3.1.2.3. By Application

7.3.1.2.4. By End User

7.3.2. United Kingdom Oxygen Therapy Equipment Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Product Type

7.3.2.2.2. By Mobility

7.3.2.2.3. By Application

7.3.2.2.4. By End User

7.3.3. Italy Oxygen Therapy Equipment Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecasty

7.3.3.2.1. By Product Type

7.3.3.2.2. By Mobility

7.3.3.2.3. By Application

7.3.3.2.4. By End User

7.3.4. France Oxygen Therapy Equipment Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Product Type

7.3.4.2.2. By Mobility

7.3.4.2.3. By Application

7.3.4.2.4. By End User

7.3.5. Spain Oxygen Therapy Equipment Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Product Type

7.3.5.2.2. By Mobility

7.3.5.2.3. By Application

7.3.5.2.4. By End User

8. Asia-Pacific Oxygen Therapy Equipment Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Product Type

8.2.2. By Mobility

8.2.3. By Application

8.2.4. By End User

8.2.5. By Country

8.3. Asia-Pacific: Country Analysis

8.3.1. China Oxygen Therapy Equipment Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Product Type

8.3.1.2.2. By Mobility

8.3.1.2.3. By Application

8.3.1.2.4. By End User

8.3.2. India Oxygen Therapy Equipment Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Product Type

8.3.2.2.2. By Mobility

8.3.2.2.3. By Application

8.3.2.2.4. By End User

8.3.3. Japan Oxygen Therapy Equipment Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Product Type

8.3.3.2.2. By Mobility

8.3.3.2.3. By Application

8.3.3.2.4. By End User

8.3.4. South Korea Oxygen Therapy Equipment Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Product Type

8.3.4.2.2. By Mobility

8.3.4.2.3. By Application

8.3.4.2.4. By End User

8.3.5. Australia Oxygen Therapy Equipment Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Product Type

8.3.5.2.2. By Mobility

8.3.5.2.3. By Application

8.3.5.2.4. By End User

9. South America Oxygen Therapy Equipment Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Product Type

9.2.2. By Mobility

9.2.3. By Application

9.2.4. By End User

9.2.5. By Country

9.3. South America: Country Analysis

9.3.1. Brazil Oxygen Therapy Equipment Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Product Type

9.3.1.2.2. By Mobility

9.3.1.2.3. By Application

9.3.1.2.4. By End User

9.3.2. Argentina Oxygen Therapy Equipment Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Product Type

9.3.2.2.2. By Mobility

9.3.2.2.3. By Application

9.3.2.2.4. By End User

9.3.3. Colombia Oxygen Therapy Equipment Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Product Type

9.3.3.2.2. By Mobility

9.3.3.2.3. By Application

9.3.3.2.4. By End User

10. Middle East and Africa Oxygen Therapy Equipment Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Product Type

10.2.2. By Mobility

10.2.3. By Application

10.2.4. By End User

10.2.5. By Country

10.3. MEA: Country Analysis

10.3.1. South Africa Oxygen Therapy Equipment Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Product Type

10.3.1.2.2. By Mobility

10.3.1.2.3. By Application

10.3.1.2.4. By End User

10.3.2. Saudi Arabia Oxygen Therapy Equipment Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Product Type

10.3.2.2.2. By Mobility

10.3.2.2.3. By Application

10.3.2.2.4. By End User

10.3.3. UAE Oxygen Therapy Equipment Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Product Type

10.3.3.2.2. By Mobility

10.3.3.2.3. By Application

10.3.3.2.4. By End User

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Recent Development

12.2. Mergers & Acquisitions

12.3. Product Launches

13. Global Oxygen Therapy Equipment Market: SWOT Analysis

14. Porter’s Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Business Overview

15.2. Service Offerings

15.3. Recent Developments

15.4. Key Personnel

15.5. SWOT Analysis

15.5.1. Allied Healthcare Products, Inc.

15.5.2. CAIRE Inc.

15.5.3. DeVilbiss Healthcare

15.5.4. Fisher & Paykel Healthcare Limited

15.5.5. Inogen Inc.

15.5.6. Invacare Corporation

15.5.7. Koninklijke Philips N.V.,

15.5.8. Smiths Medical, Inc.

15.5.9. Taiyo Nippon Sanso Corporation

15.5.10. Linde Healthcare

16. Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global Oxygen Therapy Equipment Market in 2022?

The market size of the Global Oxygen Therapy Equipment Market was estimated to be USD 10.83 Billion in 2022.

Which was the dominant segment by end user in the Global Oxygen Therapy Equipment Market in 2022?

In 2022, the home healthcare segment dominated the market and is projected to continue over the forecast period. The increasing adoption of Long-Term Oxygen Therapy (LTOT) devices in home settings. These devices are being prescribed more frequently by physicians due to their numerous advantages over conventional options. These advantages include ease of use, which allows patients to manage their therapy independently, resulting in reduced hospitalizations. Overall, the incorporation of LTOT devices in home settings is expected to play a significant role in driving market growth in the coming years.

Which is the dominant region in the Global Oxygen Therapy Equipment Market?

In North America, the global oxygen therapy equipment market is estimated to be led by several factors. These include the growing elderly population, the increasing number of clinics and hospitals, and the rising awareness and importance of oxygen therapy. However, the Asia-Pacific region is also expected to experience significant market growth due to various factors. These include the rise in investment in healthcare and healthcare expenditure, as well as the growing levels of air pollution in China and India. These factors highlight the need for oxygen therapy equipment in the region, thereby driving the market growth.

What are the major drivers for the Global Oxygen Therapy Equipment Market?

High prevalence of chronic respiratory disease and increase in the elderly population are the major drivers for the Global Oxygen Therapy Equipment Market.

Related Reports

Sakshi Bajaal

Business Consultant

Talk To Analyst

Press Release

Oxygen Therapy Equipment Market to Grow with a CAGR of 6.22% through 2028

Sep, 2023

Increasing incidence of various chronic respiratory disorders and increasing acceptance of home oxygen therapy is expected to drive the Global Oxygen Therapy Equipment Market growth in the forecast p

Buy Now