Overview
The global oxygen therapy market is expected to exhibit a CAGR of 6.3% during the forecast period (2024-2031).
The market is undergoing significant transformation, driven by key trends such as rising demand for homecare oxygen therapy, a shift towards lightweight and portable devices, and an increasing emphasis on remote patient monitoring.
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Market Growth Trends
The Growing Prevalence of Respiratory Diseases Fuels the Expansion of the Oxygen Therapy Market
The increasing incidence of respiratory disorders is a key factor driving the growth of the oxygen therapy market. Conditions such as chronic obstructive pulmonary disease (COPD), asthma, and sleep apnea are on the rise globally. According to 2023 data from the World Health Organization (WHO), COPD ranks as the third leading cause of death worldwide.
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Market is segmented
By Product: Oxygen Source Equipment, Oxygen Concentrators, Oxygen Cylinders, Liquid Oxygen Tanks and others
By Application: Chronic Obstructive Pulmonary Disease, Asthma, Obstructive Sleep Apnea, Pneumonia, and others
By End User: Hospitals and Clinics, Home Healthcare and others
By Region: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa
Market Key Players
· GE Healthcare
· Invacare Corporation
· Inogen
· ICU Medical (Smiths Medical)
· HERSILL S.L.
· Fisher & Paykel Healthcare Limited
· Philips Respironics, Inc.
· DeVilbiss Healthcare
· Tecno-Gaz Industries
· Allied Healthcare Products
Related Reports
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Disposable Oxygen Masks Market
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