Overview
The global OXYGEN THERAPY EQUIPMENT Market is likely to exhibit steady growth over the forecast period, according to the latest report on Qualiket Research.
The Global Oxygen Therapy Equipment Market was valued at US$ 35.58 Bn in 2022, estimated to reach US$ 60.08 Bn by 2030, with a CAGR of 6.68% from 2023-2030.
The leading players operating in the Oxygen Therapy Equipment market are also studied in the report to provide readers with a comprehensive overview of the competitive landscape in the market. The major strategies used by leading players are studied in the report to provide readers with an idea of what works and what doesn’t, in the Oxygen Therapy Equipment market. Individual key players are analyzed in detail in the report in order to elaborate on their regional analysis and product catalog, providing a clear overview of each major player operating in the Oxygen Therapy Equipment market.
Key Players:
- Invacare Corporation,
- Chart Industries,
- Koninklijke Philips N.V.,
- BD,
- Smiths Medical,
- Teleflex Incorporated,
- Fisher & Paykel Healthcare Limited,
- Drägerwerk AG & Co. KGaA, Inogen, Inc.
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Market Segmentation:
The scope of the Global Oxygen Therapy Equipment Market covers segmentation based on Product, Type, End User, and Region.
Based on Product Type, the market is divided into Bag-Valve Mask and Oxygen Source Equipment.
Based on Portability, the market is classified into Portable and Stationary.
Based on Application, the market is bifurcated into Asthma, Pneumonia, Chronic Obstructive Pulmonary Disease (COPD), Respiratory Distress Syndrome, Cystic Fibrosis, and Others.
Regional Analysis:
The Global Oxygen Therapy Equipment Market is segmented into 5 main regions, namely North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
North America estimated to hold the major market share during the forecast period, due to respiratory disorders are becoming more common and there being greater healthcare infrastructure. Additionally, the country's per capita health spending has increased and is anticipated to do so over the projected period as a result of the decline in the unemployment rate. Smoking is the main risk factor for the majority of respiratory illnesses. According to estimates from the Centres for Disease Control and Prevention (CDC), more than 15 out of every 100 US persons who were 18 years of age or older smoked cigarettes in 2016. Due to a rising smoking prevalence and an aging population, COPD cases are predicted to rise in the United States.
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