Oxygen Therapy Market 2022-2030 Booming Worldwide

A latest report from Absolute Markets Insights covers insights into the global Oxygen Therapy market. This comprehensive report offers insights into the market, models and drivers of business growth. Also includes Oxygen Therapy market share, sales volume and education charts. Research analysts have combined important and additional information, such as commitments from market leaders, into a well-crafted report. This report is an essential insight into strategies and information and is primarily aimed at business leaders. The main objective of this Oxygen Therapy report is to provide industry knowledge and help our clients achieve natural growth in their respective fields. The Oxygen Therapy report also shows a new uptrend that includes market conditions and market forecast 2022-2030.

Some of the major players operating in the global Oxygen Therapy market include: 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. 

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.

The competitive landscape of the market study contains a broader analysis of the regions including North America, Europe, Asia-Pacific, Middle East and Africa, Latin America, which are expected to capture the essence of the market in its broadest category. The list encompasses significant players who manage the sector based on the system’s overall production capabilities, environmental contributions, appropriate channels, and territorial proximity through a system of primary and secondary research methodologies followed by an in-house analytical model. Furthermore, the generated income and a generalized market share for the market is presented with the help of graphs, charts and tables.

Furthermore, the report also contains important collaborations, mergers and acquisitions, key market trends and business policies are evaluated. The study contains primary and secondary information pertaining to the Oxygen Therapy Market in terms of its global status, market size, growth forecasts, trends, segments, and a detailed forecast.

Key insights from the report:

  • The report provides key statistics on the market status of Oxygen Therapy Manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
  • The report provides a basic overview of the industry, including its definition, applications and manufacturing technology.
  • The report features the company profile, product specifications, capacity, production value and market share 2022-2030 for the top vendors.
  • The total market is further divided by company, by country and by application/type for the analysis of the competitive landscape.
  • The report then estimates the 2022-2030 market development trends of the P2P Loans industry.
  • Analysis of upstream raw materials, downstream demand and current market dynamics is also performed.
  • The report makes some important proposals for a new project of Oxygen Therapy Market before evaluating its feasibility.

Covid-19 cumulative impact:

This study presents insights into COVID-19 on consumer behavior and changes in demand, purchasing patterns, supply chain reorganization, dynamics of market forces, and substantial government involvement. The new research provides insights, analysis, estimates and predictions in light of the effect of COVID-19 on markets. The Oxygen Therapy Market report provides a solid observation on the prominent players in terms of strategic analysis, micro and macro market trends and opportunities, pricing trends, and a generalized overview of the market. The Oxygen Therapy Market is a detailed study packed with primary and secondary market factors, market share, leading segments and a proper geographic analysis.

Key questions answered in this report:

  • What will the market size and growth rate be in 2030?
  • What are the key drivers of the global market?
  • What are the key market trends impacting the growth of the global market?
  • What are the market growth challenges?
  • Who are the key vendors in the global market?
  • What are the global market opportunities and challenges for sellers?
  • What are the key findings of the global five-point analysis of the Oxygen Therapy market?

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.

Global Oxygen Therapy Market Segmentation:

Global Oxygen Therapy Market 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, And 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); By Region (U.S., Canada, Mexico, Rest Of North America, France, The UK, Spain, Germany, Italy, Nordic Countries, Benelux Union, Rest Of Europe, China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia, Rest Of Asia Pacific, Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest Of Middle East & Africa, Brazil, Argentina, Rest Of Latin America) – Global Insights, Growth, Size, Comparative Analysis, Trends And Forecast, 2022 – 2030

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