Oxygen Therapy Equipment Market Set for Steady Expansion by 2032, Driven by Innovation and Growing Surgical Volumes | DelveInsight

The market's positive growth trajectory is driven by several factors, including the rise in prevalence of respiratory conditions such as COPD, sleep apnea, and asthma, the impact of the COVID-19 pandemic, the widespread use of oxygen therapy devices in critical care settings, the rising preference for minimally invasive treatments, and ongoing technological advancements in product innovation. These elements are expected to fuel the expansion of the oxygen therapy equipment market.
The global oxygen therapy equipment market was valued at USD 2.69 billion in 2023 and is projected to grow at a CAGR of 8.29% from 2024 to 2030, reaching approximately USD 4.33 billion by 2030.

DelveInsight's Oxygen Therapy Equipment Market Insights report [https://www.delveinsight.com/report-store/oxygen-therapy-equipment-market?utm_source=abnewswire&utm_medium=market&utm_campaign=kpr] provides the current and forecast market analysis, individual leading Oxygen Therapy Equipment companies' market shares, challenges, Oxygen Therapy Equipment market drivers, barriers, and trends, and key Oxygen Therapy Equipment companies in the market.

Key Takeaways from the Oxygen Therapy Equipment Market Report

*
The Oxygen Therapy Equipment market is projected to grow at a moderate CAGR from 2025 to 2032.

*
As per DelveInsight estimates, North America is anticipated to dominate the global Oxygen Therapy Equipment market during the forecast period.

*
Notable Oxygen Therapy Equipment companies such as Koninklijke Philips N.V., Invacare Corporation, Inogen, Inc., Dragerwerk AG & Co. KgaA, ICU Medical, Inc., CAIRE Inc., Fisher & Paykel Healthcare Limited, Armstrong Medical, Vyaire Medical, Inc., Hamilton Medical, Shenzhen Comen Medical Instruments Co., Ltd, BMC Medical Co., Ltd, Allied Medical Limited, Teleflex Incorporated, HERSILL, Chart Industries, Inc, DeVilbiss Healthcare LLC, GCE Group, Oxygen Solutions Inc., Besco Medical Limited, and several others are currently operating in the Oxygen Therapy Equipment market.

*
On June 18, 2020, Vincent Medical Holdings Limited, a global provider of respiratory medical devices, announced that it had signed a supply agreement with TAMER Healthcare to provide its Inspired Trademark O2FLO High Flow Respiratory Humidifier ("O2FLO") and related disposable products to the Kingdom of Saudi Arabia.

*
On April 3, 2019, Inogen, Inc. announced the launch of the Inogen One G5, a portable, lightweight oxygen concentrator designed for easy transport.

To read more about the latest highlights related to the Oxygen Therapy Equipment market, get a snapshot of the key highlights entailed in the Global Oxygen Therapy Equipment Market Report [https://www.delveinsight.com/sample-request/oxygen-therapy-equipment-market?utm_source=abnewswire&utm_medium=market&utm_campaign=kpr]

Oxygen Therapy Equipment Overview

Oxygen therapy equipment refers to medical devices designed to deliver oxygen to individuals with respiratory disorders or conditions that result in low blood oxygen levels. This therapy is critical for managing diseases such as chronic obstructive pulmonary disease (COPD), asthma, sleep apnea, pneumonia, and for patients in critical care or those recovering from respiratory infections like COVID-19.

Oxygen Therapy Equipment Market Insights

North America is projected to lead the global oxygen therapy equipment market throughout the forecast period, largely due to the high prevalence of respiratory conditions such as COPD, asthma, and rising incidents of carbon monoxide poisoning.

According to data from the Centers for Disease Control and Prevention (CDC) in 2021, the age-adjusted prevalence of COPD among U.S. adults in 2019 varied by state, ranging from under 4.5% in states like California, Colorado, Hawaii, Massachusetts, Minnesota, and Utah, to over 9% in states such as Alabama, Arkansas, Kentucky, and West Virginia.

Additionally, the 2019 National Health Interview Survey reported that about 25 million Americans - roughly 1 in 13 individuals - are living with asthma, including 8% of adults and 7% of children. Of these, approximately 20 million are adults aged 18 and older. The National Center for Health Statistics also recorded 3,524 asthma-related deaths in 2019, many of which could have been prevented with proper care.

These rising numbers of respiratory illnesses are expected to drive the demand for oxygen therapy equipment in the region, fueling market growth during the forecast period.

To know more about why North America is leading the market growth in the Oxygen Therapy Equipment market, get a snapshot of the Oxygen Therapy Equipment Market Outlook [https://www.delveinsight.com/report-store/oxygen-therapy-equipment-market?utm_source=abnewswire&utm_medium=market&utm_campaign=kpr]

Oxygen Therapy Equipment Market Dynamics

The Oxygen Therapy Equipment market has seen substantial growth, driven by the rising global incidence of respiratory diseases, with these devices playing a crucial role in delivering supplemental oxygen for conditions like COPD and asthma.

According to the World Health Organization (WHO) data from 2019, asthma affected approximately 262 million people and resulted in 461,000 deaths worldwide. Additionally, COPD ranked as the third leading cause of death, responsible for 3.23 million deaths globally. Key risk factors for COPD include exposure to tobacco smoke, indoor air pollution, and occupational dust, fumes, and chemicals. Furthermore, WHO's 2021 data reported that pneumonia causes around 800,000 deaths annually, with an estimated 20-40% of these deaths being preventable through access to oxygen therapy devices. Oxygen concentrators, commonly used by patients in need of supplemental oxygen, highlight the growing global demand for oxygen therapy equipment.

Oxygen Therapy Equipment Market Drivers:

*
Rising incidence of respiratory ailments

*
Rapid technical innovation

Get a sneak peek at the Oxygen Therapy Equipment market dynamics @ https://www.delveinsight.com/sample-request/oxygen-therapy-equipment-market [https://www.delveinsight.com/sample-request/oxygen-therapy-equipment-market?utm_source=abnewswire&utm_medium=market&utm_campaign=kpr]

Coverage: Global

Study Period: 2022 to 2032

Key Oxygen Therapy Equipment Companies: Koninklijke Philips N.V., Invacare Corporation, Inogen, Inc., Dragerwerk AG & Co. KgaA, ICU Medical, Inc., CAIRE Inc., Fisher & Paykel Healthcare Limited, Armstrong Medical, Vyaire Medical, Inc., Hamilton Medical, Shenzhen Comen Medical Instruments Co., Ltd, BMC Medical Co., Ltd, Allied Medical Limited, Teleflex Incorporated, HERSILL, Chart Industries, Inc, DeVilbiss Healthcare LLC, GCE Group, Oxygen Solutions Inc., Besco Medical Limited, and others.

Which MedTech key players in the Oxygen Therapy Equipment market are set to emerge as the trendsetter, explore @ Oxygen Therapy Equipment Companies [https://www.delveinsight.com/report-store/oxygen-therapy-equipment-market?utm_source=abnewswire&utm_medium=market&utm_campaign=kpr]

Table of Contents

1. Oxygen Therapy Equipment Market Report Introduction

2. Oxygen Therapy Equipment Market Executive Summary

3. Competitive Landscape

4. Regulatory Analysis

5. Oxygen Therapy Equipment Market Key Factors Analysis

6. Oxygen Therapy Equipment Market Porter's Five Forces Analysis

7. Oxygen Therapy Equipment Market Layout

8. Oxygen Therapy Equipment Market Company and Product Profiles

9. KOL Views

10. Project Approach

11. About DelveInsight

12. Disclaimer & Contact Us

About DelveInsight

DelveInsight is a premier healthcare business consultant and market research firm, specializing in life sciences. We empower pharmaceutical companies with comprehensive end-to-end solutions designed to enhance performance and drive growth.

Our expert healthcare consulting services offer in-depth market analysis, helping businesses accelerate growth and navigate challenges with actionable, results-driven strategies.

Media Contact
Company Name: DelveInsight Business Research LLP
Contact Person: Kritika Rehani
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=oxygen-therapy-equipment-market-set-for-steady-expansion-by-2032-driven-by-innovation-and-growing-surgical-volumes-delveinsight]
Phone: +14699457679
Address:304 S. Jones Blvd #2432
City: Las Vegas
State: Nevada
Country: United States
Website: https://www.delveinsight.com/

Legal Disclaimer: Information contained on this page is provided by an independent third-party content provider. ABNewswire makes no warranties or responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you are affiliated with this article or have any complaints or copyright issues related to this article and would like it to be removed, please contact retract@swscontact.com



This release was published on openPR.