Oxygen Therapy Equipment Market Size (2024 - 2029)

The oxygen therapy equipment market is anticipated to experience significant growth due to the increasing prevalence of respiratory diseases, which is a major driver of market expansion. The rise in tobacco smoking and technological advancements in oxygen therapy are also contributing factors. The global increase in cases of conditions such as Chronic Obstructive Pulmonary Disease (COPD) and asthma, particularly among children, underscores the growing demand for oxygen therapy equipment. This trend is expected to continue over the forecast period, reflecting a substantial increase in market size.

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Market Size of Oxygen Therapy Equipment Industry

Oxygen Therapy Equipment Market Summary
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

Oxygen Therapy Equipment Market Major Players

*Disclaimer: Major Players sorted in no particular order

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
Oxygen Source Equipment
Oxygen Cylinders
Oxygen Concentrators
Liquid Oxygen Devices
Others
Oxygen Delivery Devices
Oxygen Masks
Nasal Cannula
Venturi Masks
Non-rebreather Masks
Others
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
North America
US
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America
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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.

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Oxygen Therapy Equipment Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increase in Tobacco Smoking and Rising Prevalence of Respiratory Diseases

      2. 1.2.2 Technological Advancement in Oxygen Therapy

    3. 1.3 Market Restraints

      1. 1.3.1 Stringent Regulatory Guidelines

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Product

      1. 2.1.1 Oxygen Source Equipment

        1. 2.1.1.1 Oxygen Cylinders

        2. 2.1.1.2 Oxygen Concentrators

        3. 2.1.1.3 Liquid Oxygen Devices

        4. 2.1.1.4 Others

      2. 2.1.2 Oxygen Delivery Devices

        1. 2.1.2.1 Oxygen Masks

        2. 2.1.2.2 Nasal Cannula

        3. 2.1.2.3 Venturi Masks

        4. 2.1.2.4 Non-rebreather Masks

        5. 2.1.2.5 Others

    2. 2.2 By Application

      1. 2.2.1 Asthma

      2. 2.2.2 Obstructive Sleep Apnea

      3. 2.2.3 Chronic Obstructive Pulmonary Disorder (COPD)

      4. 2.2.4 Respiratory Distress Syndrome

      5. 2.2.5 Others

    3. 2.3 By End User

      1. 2.3.1 Hospitals

      2. 2.3.2 Home Healthcare

      3. 2.3.3 Ambulatory Surgical Centers

      4. 2.3.4 Others

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 US

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Mexico

      2. 2.4.2 Europe

        1. 2.4.2.1 Germany

        2. 2.4.2.2 UK

        3. 2.4.2.3 France

        4. 2.4.2.4 Italy

        5. 2.4.2.5 Spain

        6. 2.4.2.6 Rest of Europe

      3. 2.4.3 Asia Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 Japan

        3. 2.4.3.3 India

        4. 2.4.3.4 Australia

        5. 2.4.3.5 South Korea

        6. 2.4.3.6 Rest of Asia-Pacific

      4. 2.4.4 Middle East and Africa

        1. 2.4.4.1 GCC

        2. 2.4.4.2 South Africa

        3. 2.4.4.3 Rest of Middle East and Africa

      5. 2.4.5 South America

        1. 2.4.5.1 Brazil

        2. 2.4.5.2 Argentina

        3. 2.4.5.3 Rest of South America

Oxygen Therapy Equipment Market Size FAQs

The Oxygen Therapy Equipment Market is projected to register a CAGR of 11.20% during the forecast period (2024-2029)

DeVilbiss Healthcare, Hersill, Invacare Corporation, Koninklijke Philips N.V., and TECNO-GAZ SpA are the major companies operating in the Oxygen Therapy Equipment Market.

Oxygen Therapy Equipment Market Report Snapshots

Oxygen Therapy Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)