Report Scope & Overview:
Medical Oxygen Therapy Devices Market size was valued at USD 34.5 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.51% from 2023 to 2030.
Global Medical Oxygen Therapy Devices Market research provides insights into consumer behavior, industry trends, and market competition through the use of various research techniques, including surveys, interviews, and data analysis. The industry serves a wide range of clients, including businesses, government agencies, and non-profit organizations. Medical Oxygen Therapy Devices Market is highly diverse, with a range of services and specialties, including quantitative and qualitative research, brand research, product testing, customer satisfaction research, and competitive analysis.
Medical Oxygen Therapy Devices Market Key Trends
Increasing prevalence of respiratory disorders: The rising incidence of respiratory diseases, such as chronic obstructive pulmonary disease (COPD), asthma, and respiratory distress syndrome, is driving the demand for medical oxygen therapy devices. These devices are essential in providing supplemental oxygen to patients with respiratory insufficiency.
Growing aging population: The aging population is more susceptible to respiratory conditions and often requires oxygen therapy. As the global population continues to age, the demand for medical oxygen therapy devices is expected to increase.
Technological advancements: Advancements in technology have led to the development of more efficient and user-friendly oxygen therapy devices. Portable oxygen concentrators, for example, offer greater mobility and convenience to patients, enabling them to maintain an active lifestyle while receiving oxygen therapy.
Increasing home healthcare settings: There is a growing trend towards providing healthcare services in home settings. This shift is driving the demand for portable and easy-to-use oxygen therapy devices that can be used by patients in the comfort of their homes.
Focus on lightweight and portable devices: There is a rising demand for lightweight and portable oxygen therapy devices that allow patients to maintain their mobility and independence. Manufacturers are developing compact and portable oxygen concentrators and oxygen cylinders to cater to this need.
Adoption of oxygen conserving devices: Oxygen conserving devices are gaining popularity as they help optimize oxygen usage and prolong the duration of oxygen supply. These devices deliver oxygen only during the inhalation phase, conserving oxygen and reducing waste.
Increasing awareness about the benefits of oxygen therapy: Awareness about the benefits of oxygen therapy for various respiratory conditions is increasing among healthcare professionals and patients. This is leading to earlier diagnosis and intervention, driving the demand for medical oxygen therapy devices.
Growing homecare and long-term care facilities: The expansion of homecare and long-term care facilities is contributing to the growth of the medical oxygen therapy devices market. These facilities require a range of oxygen therapy devices to provide optimal care to patients with respiratory conditions.
Emphasis on cost-effectiveness and reimbursement policies: There is a growing emphasis on cost-effectiveness in healthcare, including oxygen therapy. Manufacturers are focusing on developing affordable devices, and favorable reimbursement policies for oxygen therapy are supporting the adoption of medical oxygen therapy devices.
Global Medical Oxygen Therapy Devices Market: By Company
• CareFusion Corporation
• GE Healthcare
• Philips Respironics, Inc.
• Smiths Medical
• Teleflex Incorporated
• ResMed
• Maquet
• Fisher and Paykel Healthcare Limited
• Invacare Corporation
• DeVilbiss Healthcare LLC
• AirSep Corporation
Global Medical Oxygen Therapy Devices Market: By Type
• Oxygen Source Equipment
• Oxygen Delivery Devices
Global Medical Oxygen Therapy Devices Market: By Application
• Chronic Obstructive Pulmonary Disease (COPD)
• Asthma
• Obstructive Sleep Apnea
• Respiratory Distress Syndrome (RDS)
• Cystic Fibrosis
• Pneumonia
Global Medical Oxygen Therapy Devices Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Medical Oxygen Therapy Devices market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 34.5 billion |
| Compound Annual Growth Rate (CAGR) | 6.51%(2023-2030) |
| Base Year | 2022 |
| Forecast Period | 2023-2032 |
| Historical Data | 2018-2022 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| By Type | • Oxygen Source Equipment • Oxygen Delivery Devices |
| By Application | • Chronic Obstructive Pulmonary Disease (COPD) • Asthma • Obstructive Sleep Apnea • Respiratory Distress Syndrome (RDS) • Cystic Fibrosis • Pneumonia |
| Key Companies Profiled | • CareFusion Corporation • GE Healthcare • Philips Respironics, Inc. • Smiths Medical • Teleflex Incorporated • ResMed • Maquet • Fisher and Paykel Healthcare Limited • Invacare Corporation • DeVilbiss Healthcare LLC • AirSep Corporation |
| Regions and Key Countries Covered | U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America |
| Customization Scope | Available on Request |
Reasons to Purchase Medical Oxygen Therapy Devices Market Report:
• To gain insights into market trends and dynamics: this reports provide valuable insights into industry trends and dynamics, including market size, growth rates, and key drivers and challenges.
• To identify key players and competitors: this research reports can help businesses identify key players and competitors in their industry, including their market share, strategies, and strengths and weaknesses.
• To understand consumer behavior: this research reports can provide valuable insights into consumer behavior, including their preferences, purchasing habits, and demographics.
• To evaluate market opportunities: this research reports can help businesses evaluate market opportunities, including potential new products or services, new markets, and emerging trends.
• To make informed business decisions: this research reports provide businesses with data-driven insights that can help them make informed business decisions, including strategic planning, product development, and marketing and advertising strategies.
Objectives of Medical Oxygen Therapy Devices Market Study:
The objectives of Medical Oxygen Therapy Devices market research report may vary depending on the specific needs and goals of the business or organization commissioning the report. However, some common objectives of market research reports include:
• Understanding the market size and potential: One of the primary objectives of Medical Oxygen Therapy Devices market research is to understand the size and potential of a particular market. This includes analyzing market trends and dynamics, identifying key players and competitors, and assessing the demand for products or services.
• Identifying target customers and segments: this market research reports can help businesses identify and understand their target customers and market segments, including their preferences, behaviors, and demographics. This information can be used to develop targeted marketing and advertising strategies.
• Evaluating product or service performance: this market research reports can provide valuable insights into the performance of products or services, including customer satisfaction, product usage, and product quality. This information can be used to improve products or services and enhance customer satisfaction.
• Assessing market opportunities and threats: this market research reports can help businesses identify potential market opportunities and threats, including emerging trends, competitive threats, and new market entrants. This information can be used to develop strategic plans and make informed business decisions.
• Developing effective marketing and advertising strategies: this market research reports can help businesses develop effective marketing and advertising strategies by providing insights into customer preferences and behavior, competitive dynamics, and market trends. This can help businesses improve brand awareness, customer engagement, and overall marketing effectiveness.
Frequently Asked Questions
Medical Oxygen Therapy Devices Market size was valued at USD 34.5 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.51% from 2023 to 2030.
The key factors driving the growth of the Medical Oxygen Therapy Devices market include the increasing prevalence of respiratory disorders, growing aging population, technological advancements, increasing home healthcare settings, focus on lightweight and portable devices, adoption of oxygen conserving devices, increasing awareness about the benefits of oxygen therapy, and favorable reimbursement policies.
North America currently holds the largest market share in the Medical Oxygen Therapy Devices market, followed by Europe. However, the market is also growing in the Asia Pacific region.
The key players in the Medical Oxygen Therapy Devices market include major medical device companies such as Philips Healthcare, Invacare Corporation, Chart Industries, Inc., and Drive DeVilbiss Healthcare, among others.
The major challenges faced by the Medical Oxygen Therapy Devices market include the high cost of devices, regulatory compliance, competition from alternative therapies, and the need for proper training and education of healthcare professionals.
TABLE OF CONTENT
1.1 Product Overview and Scope of Medical Oxygen Therapy Devices
1.2 Medical Oxygen Therapy Devices Segment by Type
1.2.1 Global Medical Oxygen Therapy Devices Market Value Comparison by Type (2023-2029)
1.2.2 Oxygen Source Equipment
1.2.3 Oxygen Delivery Devices
1.3 Medical Oxygen Therapy Devices Segment by Application
1.3.1 Global Medical Oxygen Therapy Devices Market Value by Application: (2023-2029)
1.3.2 Chronic Obstructive Pulmonary Disease (COPD)
1.3.3 Asthma
1.3.4 Obstructive Sleep Apnea
1.3.5 Respiratory Distress Syndrome (RDS)
1.3.6 Cystic Fibrosis
1.3.7 Pneumonia
1.4 Global Medical Oxygen Therapy Devices Market Size Estimates and Forecasts
1.4.1 Global Medical Oxygen Therapy Devices Revenue 2017-2032
1.4.2 Global Medical Oxygen Therapy Devices Sales 2017-2032
1.4.3 Global Medical Oxygen Therapy Devices Market Average Price (2017-2032)
1.5 Assumptions and Limitations
2 Medical Oxygen Therapy Devices Market Competition by Manufacturers
2.1 Global Medical Oxygen Therapy Devices Sales Market Share by Manufacturers (2017-2023)
2.2 Global Medical Oxygen Therapy Devices Revenue Market Share by Manufacturers (2017-2023)
2.3 Global Medical Oxygen Therapy Devices Average Price by Manufacturers (2017-2023)
2.4 Global Medical Oxygen Therapy Devices Industry Ranking 2021 VS 2022 VS 2023
2.5 Global Key Manufacturers of Medical Oxygen Therapy Devices, Manufacturing Sites & Headquarters
2.6 Global Key Manufacturers of Medical Oxygen Therapy Devices, Product Type & Application
2.7 Medical Oxygen Therapy Devices Market Competitive Situation and Trends
2.7.1 Medical Oxygen Therapy Devices Market Concentration Rate
2.7.2 The Global Top 5 and Top 10 Largest Medical Oxygen Therapy Devices Players Market Share by Revenue
2.7.3 Global Medical Oxygen Therapy Devices Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.8 Manufacturers Mergers & Acquisitions, Expansion Plans
3 Medical Oxygen Therapy Devices Retrospective Market Scenario by Region
3.1 Global Medical Oxygen Therapy Devices Market Size by Region: 2018 Versus 2022 Versus 2029
3.2 Global Medical Oxygen Therapy Devices Global Medical Oxygen Therapy Devices Sales by Region: 2017-2032
3.2.1 Global Medical Oxygen Therapy Devices Sales by Region: 2017-2023
3.2.2 Global Medical Oxygen Therapy Devices Sales by Region: 2023-2032
3.3 Global Medical Oxygen Therapy Devices Global Medical Oxygen Therapy Devices Revenue by Region: 2017-2032
3.3.1 Global Medical Oxygen Therapy Devices Revenue by Region: 2017-2023
3.3.2 Global Medical Oxygen Therapy Devices Revenue by Region: 2023-2032
3.4 North America Medical Oxygen Therapy Devices Market Facts & Figures by Country
3.4.1 North America Medical Oxygen Therapy Devices Market Size by Country: 2018 VS 2023 VS 2032
3.4.2 North America Medical Oxygen Therapy Devices Sales by Country (2017-2032)
3.4.3 North America Medical Oxygen Therapy Devices Revenue by Country (2017-2032)
3.4.4 U.S.
3.4.5 Canada
3.5 Europe Medical Oxygen Therapy Devices Market Facts & Figures by Country
3.5.1 Europe Medical Oxygen Therapy Devices Market Size by Country: 2018 VS 2023 VS 2032
3.5.2 Europe Medical Oxygen Therapy Devices Sales by Country (2017-2032)
3.5.3 Europe Medical Oxygen Therapy Devices Revenue by Country (2017-2032)
3.5.4 Germany
3.5.5 France
3.5.6 U.K.
3.5.7 Italy
3.5.8 Russia
3.6 Asia Pacific Medical Oxygen Therapy Devices Market Facts & Figures by Country
3.6.1 Asia Pacific Medical Oxygen Therapy Devices Market Size by Country: 2018 VS 2023 VS 2032
3.6.2 Asia Pacific Medical Oxygen Therapy Devices Sales by Country (2017-2032)
3.6.3 Asia Pacific Medical Oxygen Therapy Devices Revenue by Country (2017-2032)
3.6.4 China
3.6.5 Japan
3.6.6 South Korea
3.6.7 India
3.6.8 Australia
3.6.9 Taiwan
3.6.10 Indonesia
3.6.11 Thailand
3.6.12 Malaysia
3.6.13 Philippines
3.7 Latin America Medical Oxygen Therapy Devices Market Facts & Figures by Country
3.7.1 Latin America Medical Oxygen Therapy Devices Market Size by Country: 2018 VS 2023 VS 2032
3.7.2 Latin America Medical Oxygen Therapy Devices Sales by Country (2017-2032)
3.7.3 Latin America Medical Oxygen Therapy Devices Revenue by Country (2017-2032)
3.7.4 Mexico
3.7.5 Brazil
3.7.6 Argentina
3.8 Middle East and Africa Medical Oxygen Therapy Devices Market Facts & Figures by Country
3.8.1 Middle East and Africa Medical Oxygen Therapy Devices Market Size by Country: 2018 VS 2023 VS 2032
3.8.2 Middle East and Africa Medical Oxygen Therapy Devices Sales by Country (2017-2032)
3.8.3 Middle East and Africa Medical Oxygen Therapy Devices Revenue by Country (2017-2032)
3.8.4 Turkey
3.8.5 Saudi Arabia
3.8.6 U.A.E
4 Segment by Type
4.1 Global Medical Oxygen Therapy Devices Sales by Type (2017-2032)
4.1.1 Global Medical Oxygen Therapy Devices Sales by Type (2017-2023)
4.1.2 Global Medical Oxygen Therapy Devices Sales by Type (2023-2032)
4.1.3 Global Medical Oxygen Therapy Devices Sales Market Share by Type (2017-2032)
4.2 Global Medical Oxygen Therapy Devices Revenue by Type (2017-2032)
4.2.1 Global Medical Oxygen Therapy Devices Revenue by Type (2017-2023)
4.2.2 Global Medical Oxygen Therapy Devices Revenue by Type (2023-2032)
4.2.3 Global Medical Oxygen Therapy Devices Revenue Market Share by Type (2017-2032)
4.3 Global Medical Oxygen Therapy Devices Price by Type (2017-2032)
5 Segment by Application
5.1 Global Medical Oxygen Therapy Devices Sales by Application (2017-2032)
5.1.1 Global Medical Oxygen Therapy Devices Sales by Application (2017-2023)
5.1.2 Global Medical Oxygen Therapy Devices Sales by Application (2023-2032)
5.1.3 Global Medical Oxygen Therapy Devices Sales Market Share by Application (2017-2032)
5.2 Global Medical Oxygen Therapy Devices Revenue by Application (2017-2032)
5.2.1 Global Medical Oxygen Therapy Devices Revenue by Application (2017-2023)
5.2.2 Global Medical Oxygen Therapy Devices Revenue by Application (2023-2032)
5.2.3 Global Medical Oxygen Therapy Devices Revenue Market Share by Application (2017-2032)
5.3 Global Medical Oxygen Therapy Devices Price by Application (2017-2032)
6 Key Companies Profiled
6.1 CareFusion Corporation
6.1.1 CareFusion Corporation Corporation Information
6.1.2 CareFusion Corporation Description and Business Overview
6.1.3 CareFusion Corporation Medical Oxygen Therapy Devices Sales, Revenue and Gross Margin (2017-2023)
6.1.4 CareFusion Corporation Medical Oxygen Therapy Devices Product Portfolio
6.1.5 CareFusion Corporation Recent Developments/Updates
6.2 GE Healthcare
6.2.1 GE Healthcare Corporation Information
6.2.2 GE Healthcare Description and Business Overview
6.2.3 GE Healthcare Medical Oxygen Therapy Devices Sales, Revenue and Gross Margin (2017-2023)
6.2.4 GE Healthcare Medical Oxygen Therapy Devices Product Portfolio
6.2.5 GE Healthcare Recent Developments/Updates
6.3 Philips Respironics, Inc.
6.3.1 Philips Respironics, Inc. Corporation Information
6.3.2 Philips Respironics, Inc. Description and Business Overview
6.3.3 Philips Respironics, Inc. Medical Oxygen Therapy Devices Sales, Revenue and Gross Margin (2017-2023)
6.3.4 Philips Respironics, Inc. Medical Oxygen Therapy Devices Product Portfolio
6.3.5 Philips Respironics, Inc. Recent Developments/Updates
6.4 Smiths Medical
6.4.1 Smiths Medical Corporation Information
6.4.2 Smiths Medical Description and Business Overview
6.4.3 Smiths Medical Medical Oxygen Therapy Devices Sales, Revenue and Gross Margin (2017-2023)
6.4.4 Smiths Medical Medical Oxygen Therapy Devices Product Portfolio
6.4.5 Smiths Medical Recent Developments/Updates
6.5 Teleflex Incorporated
6.5.1 Teleflex Incorporated Corporation Information
6.5.2 Teleflex Incorporated Description and Business Overview
6.5.3 Teleflex Incorporated Medical Oxygen Therapy Devices Sales, Revenue and Gross Margin (2017-2023)
6.5.4 Teleflex Incorporated Medical Oxygen Therapy Devices Product Portfolio
6.5.5 Teleflex Incorporated Recent Developments/Updates
6.6 ResMed
6.6.1 ResMed Corporation Information
6.6.2 ResMed Description and Business Overview
6.6.3 ResMed Medical Oxygen Therapy Devices Sales, Revenue and Gross Margin (2017-2023)
6.6.4 ResMed Medical Oxygen Therapy Devices Product Portfolio
6.6.5 ResMed Recent Developments/Updates
6.7 Maquet
6.6.1 Maquet Corporation Information
6.6.2 Maquet Description and Business Overview
6.6.3 Maquet Medical Oxygen Therapy Devices Sales, Revenue and Gross Margin (2017-2023)
6.4.4 Maquet Medical Oxygen Therapy Devices Product Portfolio
6.7.5 Maquet Recent Developments/Updates
6.8 Fisher and Paykel Healthcare Limited
6.8.1 Fisher and Paykel Healthcare Limited Corporation Information
6.8.2 Fisher and Paykel Healthcare Limited Description and Business Overview
6.8.3 Fisher and Paykel Healthcare Limited Medical Oxygen Therapy Devices Sales, Revenue and Gross Margin (2017-2023)
6.8.4 Fisher and Paykel Healthcare Limited Medical Oxygen Therapy Devices Product Portfolio
6.8.5 Fisher and Paykel Healthcare Limited Recent Developments/Updates
6.9 Invacare Corporation
6.9.1 Invacare Corporation Corporation Information
6.9.2 Invacare Corporation Description and Business Overview
6.9.3 Invacare Corporation Medical Oxygen Therapy Devices Sales, Revenue and Gross Margin (2017-2023)
6.9.4 Invacare Corporation Medical Oxygen Therapy Devices Product Portfolio
6.9.5 Invacare Corporation Recent Developments/Updates
6.10 DeVilbiss Healthcare LLC
6.10.1 DeVilbiss Healthcare LLC Corporation Information
6.10.2 DeVilbiss Healthcare LLC Description and Business Overview
6.10.3 DeVilbiss Healthcare LLC Medical Oxygen Therapy Devices Sales, Revenue and Gross Margin (2017-2023)
6.10.4 DeVilbiss Healthcare LLC Medical Oxygen Therapy Devices Product Portfolio
6.10.5 DeVilbiss Healthcare LLC Recent Developments/Updates
6.11 AirSep Corporation
6.11.1 AirSep Corporation Corporation Information
6.11.2 AirSep Corporation Medical Oxygen Therapy Devices Description and Business Overview
6.11.3 AirSep Corporation Medical Oxygen Therapy Devices Sales, Revenue and Gross Margin (2017-2023)
6.11.4 AirSep Corporation Medical Oxygen Therapy Devices Product Portfolio
6.11.5 AirSep Corporation Recent Developments/Updates
7 Industry Chain and Sales Channels Analysis
7.1 Medical Oxygen Therapy Devices Industry Chain Analysis
7.2 Medical Oxygen Therapy Devices Key Raw Materials
7.2.1 Key Raw Materials
7.2.2 Raw Materials Key Suppliers
7.3 Medical Oxygen Therapy Devices Production Mode & Process
7.4 Medical Oxygen Therapy Devices Sales and Marketing
7.4.1 Medical Oxygen Therapy Devices Sales Channels
7.4.2 Medical Oxygen Therapy Devices Distributors
7.5 Medical Oxygen Therapy Devices Customers
8 Medical Oxygen Therapy Devices Market Dynamics
8.1 Medical Oxygen Therapy Devices Industry Trends
8.2 Medical Oxygen Therapy Devices Market Drivers
8.3 Medical Oxygen Therapy Devices Market Challenges
8.4 Medical Oxygen Therapy Devices Market Restraints
9 Research Finding and Conclusion
10 Methodology and Data Source
10.1 Methodology/Research Approach
10.1.1 Research Programs/Design
10.1.2 Market Size Estimation
10.1.3 Market Breakdown and Data Triangulation
10.2 Data Source
10.2.1 Secondary Sources
10.2.2 Primary Sources
10.3 Author List
10.4 Disclaimer
CareFusion Corporation
GE Healthcare
Philips Respironics, Inc.
Smiths Medical
Teleflex Incorporated
ResMed
Maquet
Fisher and Paykel Healthcare Limited
Invacare Corporation
DeVilbiss Healthcare LLC
AirSep Corporation
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