Oxygen Therapy Consumables

Oxygen Therapy Consumables

Global Oxygen Therapy Consumables Market to Reach $9.1 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Oxygen Therapy Consumables estimated at US$4.7 Billion in the year 2020, is projected to reach a revised size of US$9.1 Billion by 2027, growing at a CAGR of 9.7% over the analysis period 2020-2027. Venturi Mask, one of the segments analyzed in the report, is projected to record a 10.5% CAGR and reach US$2.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Nasal Cannula segment is readjusted to a revised 11% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 9% CAGR

The Oxygen Therapy Consumables market in the U.S. is estimated at US$1.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2027 trailing a CAGR of 9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.6% and 8.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.5% CAGR.

CPAP Mask Segment to Record 8.7% CAGR

In the global CPAP Mask segment, USA, Canada, Japan, China and Europe will drive the 8.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$620.3 Million in the year 2020 will reach a projected size of US$1.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 44 Featured) -

• Allied Healthcare Products, Inc.
• Ambu A/S
• Becton, Dickinson & Company
• Besmed Health Business Corporation
• BLS Systems Ltd.
• Circadiance
• Drive DeVilbiss Healthcare
• Fisher & Paykel Healthcare Ltd.
• Flexicare Medical Ltd.
• Philips Respironics
• Resmed Corporation
• Smiths Medical
• Teleflex Inc.

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