Oxygen Therapy Equipment Market Size Worth USD 10.29 Billion in 2032 | Emergen Research

The global oxygen therapy equipment market size was USD 5.30 Billion in 2022 and is expected to register a revenue CAGR of 6.9% during the forecast period. The global oxygen therapy equipment market is witnessing substantial growth, primarily fueled by the escalating prevalence of Chronic Obstructive Pulmonary Disease (COPD). According to a recent market research report, the World Health Organization (WHO) indicates a significant rise in COPD cases globally, reaching 251 million in 2022. Factors such as higher smoking rates and aging populations are contributing to this increase.

COPD, a chronic respiratory condition, necessitates effective respiratory support, including oxygen therapy equipment. As awareness among healthcare providers and patients about the benefits of early and continuous oxygen therapy grows, demand for these life-saving devices is surging.

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The market is witnessing notable traction in technological advancements, leading to more efficient and user-friendly solutions in oxygen delivery systems. Additionally, the preference for portable and easy-to-use oxygen concentrators is rising, particularly in the context of the growing prominence of home healthcare.

However, the market faces challenges such as stringent regulatory requirements, economic constraints, and limited healthcare budgets in some regions. Global supply chain disruptions, exemplified by events like the COVID-19 pandemic, have also impacted the production and distribution of oxygen therapy equipment, hindering market growth.

Segment Insights:

• Portability Dynamics:

The market is segmented into stationary and portable devices. Stationary devices hold the largest market share, driven by factors like miniaturization trends, significant investments in research & development, and the reliability they offer for patients requiring long-term oxygen therapy.

• Application Insights:

The COPD segment dominates the market due to increasing awareness among patients about associated symptoms, aging populations, and the prevalence of risk factors like smoking. The COVID-19 pandemic has further underscored the importance of respiratory health, prompting early detection and management of conditions such as COPD.

• End-Use Insights:

Hospitals account for the largest market share, owing to significant investments in healthcare infrastructure and the prevalence of respiratory diseases. Oxygen therapy is essential in treating various conditions in hospital settings, emphasizing their indispensable role in managing respiratory health.

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Future Outlook:

As healthcare systems prioritize respiratory care and strive to meet the escalating demand for oxygen therapy equipment, the market is expected to witness steady growth. Continued advancements in technology, coupled with increasing awareness among both healthcare providers and patients, will further drive market expansion.

Oxygen Therapy Equipment Top Companies and Competitive Landscape

The global oxygen therapy equipment market is fragmented with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective oxygen therapy equipment solutions.

• Fisher & Paykel Healthcare Limited
• Allied Healthcare Products, Inc.
• Caire Inc.
• Drive DeVilbiss International
• Koninklijke Philips N.V.,
• Hersill
• Invacare Corporation
• Tecno-Gaz S.p.A.
• Inogen, Inc.
• Teleflex Incorporated

Oxygen Therapy Equipment Latest Industry News

• On July 2021, Belluscura signed a third distribution deal and first agreement with a durable medical equipment provider, for its X-PLO2R portable oxygen concentrator portfolio. The durable medical equipment has multiple stores in several states and an online store. Meanwhile, the third distributor has issued its first purchase order with anticipated delivery of the X-PLO2R portable oxygen concentrator expected in less than ninety days.

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Oxygen Therapy Equipment Market Segment Analysis

For the purpose of this report, Emergen Research has segmented the global oxygen therapy equipment market on the basis of product, portability, application, end-use, and region:

• Product Outlook (Revenue, USD Billion; 2019-2032)
o Oxygen Cylinders
o Oxygen Concentrators
o Liquid Oxygen Devices
o Others

• Portability Outlook (Revenue, USD Billion; 2019-2032)
o Stationary devices
o Portable devices

• Application Outlook (Revenue, USD Billion; 2019-2032)
o Asthma
o Obstructive Sleep Apnea
o Chronic Obstructive Pulmonary Disorder (COPD)
o Respiratory Distress Syndrome
o Others

• End-Use Outlook (Revenue, USD Billion; 2019-2032)
o Hospitals
o Home Healthcare
o Ambulatory surgical devices
o Others

• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
o Europe
1. Germany
2. France
3. U.K.
4. Italy
5. Spain
6. Benelux
7. Russia
8. Rest of Europe
o Asia Pacific
1. China
2. Japan
3. South Korea
4. India
5. ASEAN Countries
6. Oceania
7. Rest of APAC
o Latin America
1. Brazil
2. Mexico
3. Rest of LATAM
o Middle East & Africa
1. GCC Countries
2. Israel
3. Turkey
4. South Africa
5. Rest of MEA

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