Market Size of Oxygen Therapy Equipment Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 11.20 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Oxygen Therapy Equipment Market Analysis
The major factors for the growth of the oxygen therapy equipment market include the increase in tobacco smoking and the rising prevalence of respiratory diseases and technological advancement in oxygen therapy.
The increasing prevalence of respiratory diseases is the major factor expected to drive the overall growth of the market over the forecast period. As per the data published by the World Health Organization (WHO), the Global Burden of Disease Study reports a prevalence of 251 million cases of Chronic Obstructive Pulmonary Disease (COPD) globally in 2016. The cases of COPD is likely to increase globally owing to the higher smoking prevalence and aging populations in many countries.
Furthermore, as per the estimates of the American Academy of Allergy, Asthma & Immunology, in 2016, around 8.3% of children in the United States had asthma. It is the most common chronic disease in children. The major risk factor for most of the respiratory diseases is smoking. In 2016, more than 15 of every 100 US adults aged 18 years or older smoked cigarettes as per the estimates of Centre for Disease Control and Prevention (CDC). Thus, owing to the rising prevalence of respiratory diseases the market is expected to witness huge demand over the forecast period.
Oxygen Therapy Equipment Industry Segmentation
As per the scope of this report, oxygen therapy equipment includes oxygen source equipment and oxygen delivery devices. These devices are used in the treatment of various respiratory diseases. The market is segmented by product, application, end user, and geography
| By Product | |||||||
| |||||||
|
| By Application | |
| Asthma | |
| Obstructive Sleep Apnea | |
| Chronic Obstructive Pulmonary Disorder (COPD) | |
| Respiratory Distress Syndrome | |
| Others |
| By End User | |
| Hospitals | |
| Home Healthcare | |
| Ambulatory Surgical Centers | |
| Others |
| Geography | ||||||||
| ||||||||
| ||||||||
| ||||||||
| ||||||||
|
Oxygen Therapy Equipment Market Size Summary
The oxygen therapy equipment market is poised for significant growth, driven by the increasing prevalence of respiratory diseases and advancements in technology. The rise in tobacco smoking and the aging population are contributing to a higher incidence of conditions such as Chronic Obstructive Pulmonary Disease (COPD) and asthma, which are major drivers of demand for oxygen therapy equipment. The market is expected to expand as these chronic respiratory diseases, which affect a substantial portion of the global population, necessitate long-term oxygen therapy. The demand is further bolstered by the need for effective management of respiratory symptoms, which are a leading cause of medical consultations worldwide.
In the United States, the oxygen therapy equipment market is anticipated to be the largest due to the country's robust healthcare infrastructure and increasing health expenditure. The prevalence of respiratory diseases, exacerbated by smoking and an aging demographic, underscores the need for oxygen therapy solutions. Technological advancements have led to the development of portable oxygen concentrators that are lightweight, energy-efficient, and user-friendly, enhancing their adoption. The market is characterized by a few major players, including Allied Healthcare Products, Inc., CAIRE Inc., and Koninklijke Philips N.V., among others, who are pivotal in driving innovation and meeting the growing demand for oxygen therapy equipment.
Oxygen Therapy Equipment Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.2.1 Increase in Tobacco Smoking and Rising Prevalence of Respiratory Diseases
-
1.2.2 Technological Advancement in Oxygen Therapy
-
-
1.3 Market Restraints
-
1.3.1 Stringent Regulatory Guidelines
-
-
1.4 Porter's Five Force Analysis
-
1.4.1 Threat of New Entrants
-
1.4.2 Bargaining Power of Buyers/Consumers
-
1.4.3 Bargaining Power of Suppliers
-
1.4.4 Threat of Substitute Products
-
1.4.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 By Product
-
2.1.1 Oxygen Source Equipment
-
2.1.1.1 Oxygen Cylinders
-
2.1.1.2 Oxygen Concentrators
-
2.1.1.3 Liquid Oxygen Devices
-
2.1.1.4 Others
-
-
2.1.2 Oxygen Delivery Devices
-
2.1.2.1 Oxygen Masks
-
2.1.2.2 Nasal Cannula
-
2.1.2.3 Venturi Masks
-
2.1.2.4 Non-rebreather Masks
-
2.1.2.5 Others
-
-
-
2.2 By Application
-
2.2.1 Asthma
-
2.2.2 Obstructive Sleep Apnea
-
2.2.3 Chronic Obstructive Pulmonary Disorder (COPD)
-
2.2.4 Respiratory Distress Syndrome
-
2.2.5 Others
-
-
2.3 By End User
-
2.3.1 Hospitals
-
2.3.2 Home Healthcare
-
2.3.3 Ambulatory Surgical Centers
-
2.3.4 Others
-
-
2.4 Geography
-
2.4.1 North America
-
2.4.1.1 US
-
2.4.1.2 Canada
-
2.4.1.3 Mexico
-
-
2.4.2 Europe
-
2.4.2.1 Germany
-
2.4.2.2 UK
-
2.4.2.3 France
-
2.4.2.4 Italy
-
2.4.2.5 Spain
-
2.4.2.6 Rest of Europe
-
-
2.4.3 Asia Pacific
-
2.4.3.1 China
-
2.4.3.2 Japan
-
2.4.3.3 India
-
2.4.3.4 Australia
-
2.4.3.5 South Korea
-
2.4.3.6 Rest of Asia-Pacific
-
-
2.4.4 Middle East and Africa
-
2.4.4.1 GCC
-
2.4.4.2 South Africa
-
2.4.4.3 Rest of Middle East and Africa
-
-
2.4.5 South America
-
2.4.5.1 Brazil
-
2.4.5.2 Argentina
-
2.4.5.3 Rest of South America
-
-
-
Oxygen Therapy Equipment Market Size FAQs
What is the current Oxygen Therapy Equipment Market size?
The Oxygen Therapy Equipment Market is projected to register a CAGR of 11.20% during the forecast period (2024-2029)
Who are the key players in Oxygen Therapy Equipment Market?
DeVilbiss Healthcare, Hersill, Invacare Corporation, Koninklijke Philips N.V., and TECNO-GAZ SpA are the major companies operating in the Oxygen Therapy Equipment Market.
