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The latest report by IMARC Group, titled “Oxygen Therapy Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the oxygen therapy market share. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global oxygen therapy market size reached USD 18.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 33.5 Billion by 2032, exhibiting a growth rate (CAGR) of 6.4% during 2024-2032.
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Oxygen Therapy Market Trends:
The global oxygen therapy market is experiencing substantial growth driven by increasing respiratory disease prevalence, such as COPD and asthma, fueled by rising pollution levels and smoking rates. Additionally, the growing global elderly population, more prone to respiratory conditions, significantly contributes to the demand for oxygen therapy solutions. Technological advancements in oxygen delivery systems, including portable oxygen concentrators and liquid oxygen systems, have expanded treatment settings beyond hospitals to home care, enhancing patient quality of life and compliance with treatment protocols.
Along with this, the COVID-19 pandemic has further underscored the critical importance of oxygen therapy in managing severe respiratory symptoms, leading to a surge in demand. Government initiatives to improve healthcare infrastructure and expand access to healthcare services across remote areas also support market growth by making oxygen therapy devices more accessible to a broader population.
Oxygen Therapy Market Scope and Growth Analysis:
Regarding the scope and future growth analysis, the market encompasses a variety of products including oxygen concentrators, compressed oxygen cylinders, and oxygen-conserving devices. The market is witnessing expansion due to strategic initiatives by key players, such as mergers and acquisitions, partnerships with healthcare providers, and geographic expansion into emerging markets. There is also a growing trend towards personalized healthcare, which includes tailored oxygen therapy solutions based on individual patient needs, driving innovation and adoption.
The market benefits from regulatory support aimed at ensuring product safety and efficacy, which reassures consumers and healthcare providers alike. Furthermore, the market is poised for robust growth fueled by ongoing technological innovations that increase the efficacy, safety, and user-friendliness of oxygen delivery, along with rising awareness of the benefits of early and effective respiratory care.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/oxygen-therapy-market
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Allied Healthcare Products Inc.
Becton Dickinson and Company
DeVilbiss Healthcare LLC (Drive Medical Inc.)
Fisher & Paykel Healthcare Limited
General Electric Company
Getinge AB
Hersill SL
Invacare Corporation
Koninklijke Philips N.V
Smiths Group plc
Tecno-Gaz S.p.A.
Teleflex Incorporated
Oxygen Therapy Market Segmentation:
Our report has categorized the market based on region, product, application, and end use.
Breakup by Product:
Oxygen Source Equipment
Oxygen Cylinders
Oxygen Concentrators
Liquid Oxygen Devices
PAP Devices
Oxygen Delivery Devices
Oxygen Masks
Nasal Cannula
Venturi Masks
Non-rebreather Masks
Bag Valve Masks
CPAP Masks
Others
Breakup by Application:
Chronic Obstructive Pulmonary Disease
Asthma
Obstructive Sleep Apnea
Respiratory Distress Syndrome
Cystic Fibrosis
Pneumonia
Others
According to the report, chronic obstructive pulmonary disease accounts for the largest market share.
Breakup by End Use:
Home Healthcare
Hospitals
Breakup by Region:
North America (USA, Canada)
Europe (Germany, France, UK, Italy, Spain, Russia, others)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, others)
Middle East/Africa
Latin America (Brazil, Mexico, others)
Key Highlights of the Report:
Market Performance (2018-2023)
Market Outlook (2024-2032)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
About US:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
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