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 an innovative and also a prominently adopted treatment for providing required oxygen to the patients suffering from hypoxemia. According to World Health Organization (WHO), air pollution was identified to be the cause of 2.2 million deaths in Asia Pacific region in the year 2016, wherein about 22% of the deaths were due to chronic obstructive pulmonary disease. Household air pollution was identified to be a major concern as about 40% of women and children were being constantly exposed to it. The oxygen therapy market vendors are proactively developing innovative solutions to cater to this growing demand.

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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Invacare Corporation, a U.S. based innovative medical technology company, is shaping its business strategy in order to offer cost effective solutions and is constantly bringing innovation in oxygen home healthcare solutions thereby improving quality living across diversified geographical regions including Asia pacific and other developed countries. Lack of availability of adequate infrastructure facilities coupled with limited skillsets to adopt advanced technologies is restricting the growth of the Global Oxygen Therapy Market across developing economies.

However, specific initiatives in the direction are being largely undertaken to overcome these challenges. FREO2 Foundation Australia, an Australia based entity, has developed FREO2 – Siphon, an affordable and durable solution offering electricity-free oxygen concentrator. The technology was majorly developed to address the existing electricity challenges across clinics and hospitals located in distant and remote locations. Hence, the rising need among patients across developing nations for improved healthcare services is influencing the growth of oxygen therapy market.

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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