Oxygen Therapy Market | Trends, Growth, Demand & Key Players 2024-2031 | GE Healthcare, Invacare Corporation, Inogen.

The Global Oxygen Therapy Market reached USD 29.6 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 47.6 billion by 2031. The global oxygen therapy market is expected to exhibit a CAGR of 6.3% during the forecast period (2024-2031).

Oxygen Therapy Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Oxygen Therapy market focuses on medical treatments that provide supplemental oxygen for patients with respiratory conditions like COPD, asthma, and sleep apnea. It includes oxygen concentrators, cylinders, and hyperbaric oxygen therapy. Rising respiratory disease prevalence, technological advancements in portable devices, and increasing home healthcare adoption are driving market growth globally.

List of the Key Players in the Oxygen Therapy Market:

GE Healthcare, Invacare Corporation, Inogen, IUC Medical (Smiths Medical), HERSILL S.L., Fisher & Paykel Healthcare Limited, Philips Respironics, Inc., DeVilbiss Healthcare, Tecno-Gaz Industries, Allied Healthcare Products, Inc., and among others.

Industry Development:

In August 2022, HBOT-India launched the first medical-grade hyperbaric oxygen therapy facility in Gurugram, Delhi NCR, India. This standard-of-care therapy helps reduce the risk of severe amputation by 20-30% and accelerates wound healing rates by 9-10 times by delivering oxygen at pressures greater than atmospheric levels.

In July 2022, OMRON Healthcare introduced a portable oxygen concentrator, marking a significant advancement in the oxygen therapy sector. This molecular sieve-based device provides a continuous supply of high-purity oxygen at 5 liters per minute, maintaining an oxygen concentration of over 90%.

Growth Forecast Projected:

The Global Oxygen Therapy Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Oxygen Therapy Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Oxygen Therapy Market:

By Product: Oxygen Source Equipment, Oxygen Concentrators, Oxygen Cylinders, Liquid Oxygen Tanks and Others.

By Application: Chronic Obstructive Pulmonary Disease, Asthma, Obstructive Sleep Apnea, Pneumonia, and Others.

By End User: Hospitals and Clinics, Home Healthcare and Others.

Regional Analysis for Oxygen Therapy Market:

The regional analysis of the Oxygen Therapy Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Oxygen Therapy market?

➠ Who are the leading manufacturers in the global Oxygen Therapy industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Oxygen Therapy industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Oxygen Therapy market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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