
Global Oxygen Therapy Equipment Market Trends, Size, By Product Type (Bag-Valve Mask and Oxygen Source Equipment), By Portability (Portable and Stationary), By Application (Asthma, Pneumonia, Chronic Obstructive Pulmonary Disease (COPD), Respiratory Distr
Description
Global Oxygen Therapy Equipment Market Trends, Size, By Product Type (Bag-Valve Mask and Oxygen Source Equipment), By Portability (Portable and Stationary), By Application (Asthma, Pneumonia, Chronic Obstructive Pulmonary Disease (COPD), Respiratory Distress Syndrome, Cystic Fibrosis, and Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa): Global Opportunity Analysis and Industry Forecast, 2023-2030.
Global Oxygen Therapy Equipment Market
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.
For those whose bodies don't obtain enough oxygen, oxygen therapy is a treatment option. Because tissue oxygenation is essential for appropriate physiological function and oxygen is needed for a variety of cell metabolisms. Oxygen therapy is a medical intervention that uses oxygen gas to provide both acute and chronic patient care. Equipment for oxygen treatment is used to treat a variety of respiratory illnesses since it offers supporting relief and complementary elements. It is now an essential component in properly managing several illnesses, including chronic obstructive pulmonary disease, asthma, and other forms of respiratory pain. Improved breathing, more energy, and heart failure prevention are among the advantages of oxygen treatment.
Market Drivers
The rise in tobacco use and the prevalence of respiratory disorders, the preference for standalone oxygen therapy equipment over portable equipment, and ongoing technological advancements in the field of oxygen therapy all contribute to the growth of the oxygen therapy equipment market. However, the market expansion is hampered by strict regulatory restrictions that could delay the product approval of oxygen therapy goods. Opportunities for market expansion are anticipated to arise from an increase in the patient pool suffering from respiratory disorders.
Market Restraints
The obstacles that will limit market expansion are the high price of oxygen concentrators and their adverse effects, which include skin irritation and nasal dryness when used therapeutically. The market for oxygen therapy equipment will have difficulties as a result of the tight regulatory requirements that cause delays in product approval. Additionally, the availability of inexpensive substitutes made locally and Medicare reimbursement rate reductions for home oxygen therapy will act as market restraints and slow the market's development pace.
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.
Key Players
Linde plc, Invacare Corporation, Chart Industries, Koninklijke Philips N.V., BD, Smiths Medical, Teleflex Incorporated, Fisher & Paykel Healthcare Limited, Drägerwerk AG & Co. KGaA, Inogen, Inc.
Market Taxonomy
By Product Type
Global Oxygen Therapy Equipment Market
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.
For those whose bodies don't obtain enough oxygen, oxygen therapy is a treatment option. Because tissue oxygenation is essential for appropriate physiological function and oxygen is needed for a variety of cell metabolisms. Oxygen therapy is a medical intervention that uses oxygen gas to provide both acute and chronic patient care. Equipment for oxygen treatment is used to treat a variety of respiratory illnesses since it offers supporting relief and complementary elements. It is now an essential component in properly managing several illnesses, including chronic obstructive pulmonary disease, asthma, and other forms of respiratory pain. Improved breathing, more energy, and heart failure prevention are among the advantages of oxygen treatment.
Market Drivers
The rise in tobacco use and the prevalence of respiratory disorders, the preference for standalone oxygen therapy equipment over portable equipment, and ongoing technological advancements in the field of oxygen therapy all contribute to the growth of the oxygen therapy equipment market. However, the market expansion is hampered by strict regulatory restrictions that could delay the product approval of oxygen therapy goods. Opportunities for market expansion are anticipated to arise from an increase in the patient pool suffering from respiratory disorders.
Market Restraints
The obstacles that will limit market expansion are the high price of oxygen concentrators and their adverse effects, which include skin irritation and nasal dryness when used therapeutically. The market for oxygen therapy equipment will have difficulties as a result of the tight regulatory requirements that cause delays in product approval. Additionally, the availability of inexpensive substitutes made locally and Medicare reimbursement rate reductions for home oxygen therapy will act as market restraints and slow the market's development pace.
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.
Key Players
Linde plc, Invacare Corporation, Chart Industries, Koninklijke Philips N.V., BD, Smiths Medical, Teleflex Incorporated, Fisher & Paykel Healthcare Limited, Drägerwerk AG & Co. KGaA, Inogen, Inc.
Market Taxonomy
By Product Type
- Bag-Valve Mask
- Oxygen Source Equipment
- Portable
- Stationary
- Asthma
- Pneumonia
- Chronic Obstructive Pulmonary Disease (COPD)
- Respiratory Distress Syndrome
- Cystic Fibrosis
- Others
- North America
- U.S.
- Canada
- Mexico
- Latin America
- Brazil
- Argentina
- Colombia
- Peru
- Chile
- Venezuela
- Rest of Latin America
- Europe
- Germany
- France
- UK
- Russia
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- New Zealand
- Singapore
- Malaysia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest Middle East & Africa
- What are the Key Opportunities in Global Bonsai Market?
- What will be the growth rate from 2023 to 2030?
- Which segment/region will have the highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
Table of Contents
229 Pages
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market Definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Oxygen Therapy Equipment Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.2.4 Cumulative Impact due to recent Energy Crisis
- 4.2.5 Cumulative Impact due to nearing economic downturn.
- 4.2.6 Post covid-19 world Supply& Demand conditions
- 4.2.7 Cumulative Impact of Russia-Ukraine Conflict
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Oxygen Therapy Equipment Market , By Product Type
- 5.1 Y-o-Y Growth Comparison, By Product Type
- 5.2 Global Oxygen Therapy Equipment Market Share Analysis, By Product Type
- 5.3 Global Oxygen Therapy Equipment Market Size and Forecast, By Product Type
- 5.3.1 Bag-Valve Mask
- 5.3.2 Oxygen Source Equipment
- 6 Global Oxygen Therapy Equipment Market , By Portability
- 6.1 Y-o-Y Growth Comparison, By Portability
- 6.2 Global Oxygen Therapy Equipment Market Share Analysis, By Portability
- 6.3 Global Oxygen Therapy Equipment Market Size and Forecast, By Portability
- 6.3.1 Portable
- 6.3.2 Stationary
- Surgical Instruments Market, By Application
- 7.1 Y-o-Y Growth Comparison, By Application
- 7.2 Global Oxygen Therapy Equipment Market Share Analysis, By Application
- 7.3 Global Oxygen Therapy Equipment Market Size and Forecast, By Application
- 7.3.1 Asthma
- 7.3.2 Pneumonia
- 7.3.3 Chronic Obstructive Pulmonary Disease (COPD)
- 7.3.4 Respiratory Distress Syndrome
- 7.3.5 Cystic Fibrosis
- 7.3.6 Others
- 8 Global Oxygen Therapy Equipment Market , By Region
- 8.1 Global Oxygen Therapy Equipment Market Share Analysis, By Region
- 8.2 Global Oxygen Therapy Equipment Market Size and Forecast, By Region
- 8.3 Global Oxygen Therapy Equipment Market Trends and Forecast, By Region
- 9 North America Oxygen Therapy Equipment Market Analysis and Forecast (2023-2030)
- 9.1 Introduction
- 9.2 North America Oxygen Therapy Equipment Market Share Analysis, By Product Type
- 9.3 North America Oxygen Therapy Equipment Market Size and Forecast, By Portability
- 9.4 North America Oxygen Therapy Equipment Market Size and Forecast, By Application
- 9.5 North America Oxygen Therapy Equipment Market Size and Forecast, By Country
- 9.5.1 U.S.
- 9.5.1.1 Market Size and Forecast, By Product Type
- 9.5.1.2 Market Size and Forecast, By Portability
- 9.5.1.3 Market Size and Forecast, By Application
- 9.5.2 Canada
- 9.5.2.1 Market Size and Forecast, By Product Type
- 9.5.2.2 Market Size and Forecast, By Portability
- 9.5.2.3 Market Size and Forecast, By Application
- 9.5.3 Mexico
- 9.5.3.1 Market Size and Forecast, By Product Type
- 9.5.3.2 Market Size and Forecast, By Portability
- 9.5.3.3 Market Size and Forecast, By Application
- 10 Europe Oxygen Therapy Equipment Market Analysis and Forecast (2023-2030)
- 10.1 Introduction
- 10.2 Europe Oxygen Therapy Equipment Market Share Analysis, By Product Type
- 10.3 Europe Oxygen Therapy Equipment Market Size and Forecast, By Portability
- 10.4 Europe Oxygen Therapy Equipment Market Size and Forecast, By Application
- 10.5 Europe Oxygen Therapy Equipment Market Size and Forecast, By Country
- 10.5.1 Germany
- 10.5.1.1 Market Size and Forecast, By Product Type
- 10.5.1.2 Market Size and Forecast, By Portability
- 10.5.1.3 Market Size and Forecast, By Application
- 10.5.2 France
- 10.5.2.1 Market Size and Forecast, By Product Type
- 10.5.2.2 Market Size and Forecast, By Portability
- 10.5.2.3 Market Size and Forecast, By Application
- 10.5.3 UK
- 10.5.3.1 Market Size and Forecast, By Product Type
- 10.5.3.2 Market Size and Forecast, By Portability
- 10.5.3.3 Market Size and Forecast, By Application
- 10.5.4. Russia
- 10.5.4.1 Market Size and Forecast, By Product Type
- 10.5.4.2 Market Size and Forecast, By Portability
- 10.5.4.3 Market Size and Forecast, By Application
- 10.5.5. Italy
- 10.5.5.1 Market Size and Forecast, By Product Type
- 10.5.5.2 Market Size and Forecast, By Portability
- 10.5.5.3 Market Size and Forecast, By Application
- 10.5.6 Spain
- 10.5.6.1 Market Size and Forecast, By Product Type
- 10.5.6.2 Market Size and Forecast, By Portability
- 10.5.6.3 Market Size and Forecast, By Application
- 10.5.7 Rest of Europe
- 10.5.7.1 Market Size and Forecast, By Product Type
- 10.5.7.2 Market Size and Forecast, By Portability
- 10.5.7.3 Market Size and Forecast, By Application
- 11 Asia Pacific Oxygen Therapy Equipment Market Analysis and Forecast (2023-2030)
- 11.1 Introduction
- 11.2 Asia Pacific Oxygen Therapy Equipment Market Share Analysis, By Product Type
- 11.3 Asia Pacific Oxygen Therapy Equipment Market Size and Forecast, By Portability
- 11.4 Asia Pacific Oxygen Therapy Equipment Market Size and Forecast, By Application
- 11.5 Asia Pacific Oxygen Therapy Equipment Market Size and Forecast, By Country
- 11.5.1 China
- 11.5.1.1 Market Size and Forecast, By Product Type
- 11.5.1.2 Market Size and Forecast, By Portability
- 11.5.1.3 Market Size and Forecast, By Application
- 11.5.2 Japan
- 11.5.2.1 Market Size and Forecast, By Product Type
- 11.5.2.2 Market Size and Forecast, By Portability
- 11.5.2.3 Market Size and Forecast, By Application
- 11.5.3 India
- 11.5.3.1 Market Size and Forecast, By Product Type
- 11.5.3.2 Market Size and Forecast, By Portability
- 11.5.3.3 Market Size and Forecast, By Application
- 11.5.4. South Korea
- 11.5.4.1 Market Size and Forecast, By Product Type
- 11.5.4.2 Market Size and Forecast, By Portability
- 11.5.4.3 Market Size and Forecast, By Application
- 11.5.5. Australia
- 11.5.5.1 Market Size and Forecast, By Product Type
- 11.5.5.2 Market Size and Forecast, By Portability
- 11.5.5.3 Market Size and Forecast, By Application
- 11.5.6. New Zealand
- 11.5.6.1 Market Size and Forecast, By Product Type
- 11.5.6.2 Market Size and Forecast, By Portability
- 11.5.6.3 Market Size and Forecast, By Application
- 11.5.7 Singapore
- 11.5.7.1 Market Size and Forecast, By Product Type
- 11.5.7.2 Market Size and Forecast, By Portability
- 11.5.7.3 Market Size and Forecast, By Application
- 11.5.8. Malaysia
- 11.5.8.1 Market Size and Forecast, By Product Type
- 11.5.8.2 Market Size and Forecast, By Portability
- 11.5.8.3 Market Size and Forecast, By Application
- 11.5.9 Rest of Asia
- 11.5.9.1 Market Size and Forecast, By Product Type
- 11.5.9.2 Market Size and Forecast, By Portability
- 11.5.9.3 Market Size and Forecast, By Application
- 12 Latin America Oxygen Therapy Equipment Market Analysis and Forecast (2023-2030)
- 12.1 Introduction
- 12.2 Latin America Oxygen Therapy Equipment Market Share Analysis, By Product Type
- 12.3 Latin America Oxygen Therapy Equipment Market Size and Forecast, By Portability
- 12.4 Latin America Oxygen Therapy Equipment Market Size and Forecast, By Application
- 12.5 Latin America Oxygen Therapy Equipment Market Size and Forecast, By Country
- 12.5.1 Brazil
- 12.5.1.1 Market Size and Forecast, By Product Type
- 12.5.1.2 Market Size and Forecast, By Portability
- 12.5.1.3 Market Size and Forecast, By Application
- 12.5.2 Argentina
- 12.5.2.1 Market Size and Forecast, By Product Type
- 12.5.2.2 Market Size and Forecast, By Portability
- 12.5.2.3 Market Size and Forecast, By Application
- 12.5.3. Colombia
- 12.5.3.1 Market Size and Forecast, By Product Type
- 12.5.3.2 Market Size and Forecast, By Portability
- 12.5.3.3 Market Size and Forecast, By Application
- 12.5.4. Peru
- 12.5.4.1 Market Size and Forecast, By Product Type
- 12.5.4.2 Market Size and Forecast, By Portability
- 12.5.4.3 Market Size and Forecast, By Application
- 12.5.5 Chile
- 12.5.5.1 Market Size and Forecast, By Product Type
- 12.5.5.2 Market Size and Forecast, By Portability
- 12.5.5.3 Market Size and Forecast, By Application
- 12.5.6 Venezuela
- 12.5.6.1 Market Size and Forecast, By Product Type
- 12.5.6.2 Market Size and Forecast, By Portability
- 12.5.6.3 Market Size and Forecast, By Application
- 12.5.7 Rest of Latin America
- 12.5.7.1 Market Size and Forecast, By Product Type
- 12.5.7.2 Market Size and Forecast, By Portability
- 12.5.7.3 Market Size and Forecast, By Application
- 13 Middle East Oxygen Therapy Equipment Market Analysis and Forecast (2023-2030)
- 13.1 Introduction
- 13.2 Middle East Oxygen Therapy Equipment Market Share Analysis, By Product Type
- 13.3 Middle East Oxygen Therapy Equipment Market Size and Forecast, By Portability
- 13.4 Middle East Oxygen Therapy Equipment Market Size and Forecast, By Application
- 13.5 Middle East Oxygen Therapy Equipment Market Size and Forecast, By Country
- 13.5.1 Saudi Arabia
- 13.5.1.1 Market Size and Forecast, By Product Type
- 13.5.1.2 Market Size and Forecast, By Portability
- 13.5.1.3 Market Size and Forecast, By Application
- 13.5.2 UAE
- 13.5.2.1 Market Size and Forecast, By Product Type
- 13.5.2.2 Market Size and Forecast, By Portability
- 13.5.2.3 Market Size and Forecast, By Application
- 13.5.3 Egypt
- 13.5.3.1 Market Size and Forecast, By Product Type
- 13.5.3.2 Market Size and Forecast, By Portability
- 13.5.3.3 Market Size and Forecast, By Application
- 13.5.4 Kuwait
- 13.5.4.1 Market Size and Forecast, By Application
- 13.5.4.2 Market Size and Forecast, By Portability
- 13.5.4.3 Market Size and Forecast, By Application
- 13.5.5 South Africa
- 13.5.5.1 Market Size and Forecast, By Product Type
- 13.5.5.2 Market Size and Forecast, By Portability
- 13.5.5.3 Market Size and Forecast, By Application
- 13.5.5 Rest of Middle East & Africa
- 13.5.6.1 Market Size and Forecast, By Product Type
- 13.5.6.2 Market Size and Forecast, By Portability
- 13.5.6.3 Market Size and Forecast, By Product Type-
- 14 Competitive Analysis
- 14.1 Competition Dashboard
- 14.2 Market share Analysis of Top Vendors
- 14.3 Key Development Strategies
- 15 Company Profiles
- 15.1 Linde plc
- 15.1.1 Overview
- 15.1.2 Offerings
- 15.1.3 Key Financials
- 15.1.4 Business Segment & Geographic Overview
- 15.1.5 Key Market Developments
- 15.1.6 Key Strategies
- 15.2 Invacare Corporation
- 15.2.1 Overview
- 15.2.2 Offerings
- 15.2.3 Key Financials
- 15.2.4 Business Segment & Geographic Overview
- 15.2.5 Key Market Developments
- 15.2.6 Key Strategies
- 15.3 Chart Industries
- 15.3.1 Overview
- 15.3.2 Offerings
- 15.3.3 Key Financials
- 15.3.4 Business Segment & Geographic Overview
- 15.3.5 Key Market Developments
- 15.3.6 Key Strategies
- 15.4 Koninklijke Philips N.V.
- 15.4.1 Overview
- 15.4.2 Offerings
- 15.4.3 Key Financials
- 15.4.4 Business Segment & Geographic Overview
- 15.4.5 Key Market Developments
- 15.4.6 Key Strategies
- 15.5 BD
- 15.5.1 Overview
- 15.5.2 Offerings
- 15.5.3 Key Financials
- 15.5.4 Business Segment & Geographic Overview
- 15.5.5 Key Market Developments
- 15.5.6 Key Strategies
- 15.6 Smiths Medical
- 1 Overview
- 15.6.2 Offerings
- 15.6.3 Key Financials
- 15.6.4 Business Segment & Geographic Overview
- 15.6.5 Key Market Developments
- 15.6.6 Key Strategies
- 15.7 Teleflex Incorporated
- 15.7.1 Overview
- 15.7.2 Offerings
- 15.7.3 Key Financials
- 15.7.4 Business Segment & Geographic Overview
- 15.7.5 Key Market Developments
- 15.7.6 Key Strategies
- 15.8 Fisher & Paykel Healthcare Limited
- 15.8.1 Overview
- 15.8.2 Offerings
- 15.8.3 Key Financials
- 15.8.4 Business Segment & Geographic Overview
- 15.8.5 Key Market Developments
- 15.8.6 Key Strategies
- 15.9 Drägerwerk AG & Co. KGaA
- 15.9.1 Overview
- 15.9.2 Offerings
- 15.9.3 Key Financials
- 15.9.4 Business Segment & Geographic Overview
- 15.9.5 Key Market Developments
- 15.9.6 Key Strategies
- 15.10 Inogen, Inc.
- 15.10.1 Overview
- 15.10.2 Offerings
- 15.10.3 Key Financials
- 15.10.4 Business Segment & Geographic Overview
- 15.10.5 Key Market Developments
- 15.10.6 Key Strategies
Pricing
Currency Rates
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