Global Oxygen Therapy Market is expected to grow at a CAGR of over 10.9% by 2027 – Latest Report by Absolute Markets Insights

Oxygen therapy is the process of managing oxygen as a chronic or acute patient treatment because it is important for a variety of cellular activities. In addition, the body's normal oxygen levels are needed to maintain various physiological functions. Oxygen therapy is used for patients who are unable to naturally get enough oxygen due to various respiratory disorders such as asthma, COPD, sleep apnea, etc. Such disorders affect the delivery of oxygen from the alveoli to the blood. Respiratory disorders affect energy levels and the normal functioning of the body. To improve respiratory disorders, patients should receive supplemental oxygen through an oxygen facial mask, nasal cannula, etc. Oxygen therapy is used based on pulse proximity and arterial blood gas tests.

In terms of revenue, global oxygen therapy market was valued at US$ 9.399.1 million in 2018 and is anticipated to reach more than US$ 22,000 million by 2027, growing at a CAGR of over 10.9% over the forecast period.

Key players functioning in Global Oxygen Therapy Market include Teleflex Incorporated, ResMed, Inogen, VitalAire, DeVilbiss Healthcare, amongst others.

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By oxygen source equipment, the market is segmented into oxygen concentrators, compressed oxygen cylinders, and liquid oxygen systems. Oxygen concentrators are expected to hold the largest market share in the future. Based on oxygen delivery devices, the market is fragmented into oxygen masks, bag valve masks, nasal cannulas, venturi masks, and others. The oxygen mask segment is expected to hold the largest market share over the forecast time period. By application, the market includes COPD, asthma, sleep apnea, respiratory distress syndrome, cystic fibrosis, pneumonia, and others. COPD segment accounts for the largest market share over the forecast timeframe. Based on end-user, the market is divided into hospitals and clinics, home healthcare, and rehabilitation centers. Hospitals and clinics are expected to dominate over the forecast time period.

The detailed research study provides qualitative and quantitative analysis of the global Global Oxygen Therapy Market . The report has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further, across all the major countries. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East, Africa, and Latin America.

Key Findings of the Report:
  • More than 68% of oxygen therapy market was contributed by oxygen concentrators in 2018, owing to its portability feature and improved access to oxygen therapy.
  • Home healthcare segment is anticipated to be the most attractive market over the forecast period owing to substantial adoption by geriatric and pediatric population in homecare settings.
  • Asia Pacific is estimated to demonstrate the most lucrative market over the forecast period owing to the rise in prevalence of chronic obstructive pulmonary disease (COPD).
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  • By Oxygen Source Equipment
    • Oxygen Concentrators
    • Compressed Oxygen Cylinders
    • Liquid Oxygen Systems
  • By Oxygen Delivery Devices
    • Oxygen Masks
    • Bag Valve Masks
    • Nasal Cannulas
    • Venturi Mask
    • Others
  • By End Users
    • Hospitals & Clinics
    • Home Healthcare
    • Rehabilitation Centers
  • By Application
    • COPD (Chronic Obstructive Pulmonary Disease)
    • Asthma
    • Sleep Apnea
    • Respiratory Distress Syndrome (RDS)
    • Cystic Fibrosis
    • Pneumonia
    • Others
  • By Region
    • North America
      • Canada
      • Mexico
      • Rest of North America
    • Europe
      • France
      • The UK
      • Spain
      • Germany
      • Italy
      • Nordic Countries
        • Denmark
        • Finland
        • Iceland
        • Sweden
        • Norway
      • Benelux Union
        • Belgium
        • The Netherlands
        • Luxembourg
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • New Zealand
      • Australia
      • South Korea
      • Southeast Asia
        • Indonesia
        • Thailand
        • Malaysia
        • Singapore
        • Rest of Southeast Asia
      • Rest of Asia Pacific
    • Middle East & Africa
      • Saudi Arabia
      • UAE
      • Egypt
      • Kuwait
      • South Africa
      • Rest of Middle East & Africa
    • Latin America
      • Brazil
      • Argentina
      • Rest of Latin America
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