Oxygen Therapy Equipment Market Size, Share, Trends, Growth Outlook

The Oxygen Therapy Equipment Market Size is estimated to register High CAGR growth over the forecast period from 2023 to 2030.

 

 

Oxygen Therapy Equipment Market Overview

The increasing prevalence of respiratory disorders such as COPD (Chronic Obstructive Pulmonary Disease), asthma, and obstructive sleep apnea globally, contributing to the rising demand for oxygen therapy devices. The aging population worldwide, coupled with the higher susceptibility of elderly individuals to respiratory ailments is a major driver of market expansion. The market's growth is further fueled by increasing awareness campaigns, government initiatives, and investments in healthcare infrastructure, especially in emerging economies, thereby fostering greater accessibility to oxygen therapy equipment. Manufacturers are striving to design devices that consume less energy, produce fewer emissions, and are recyclable or have minimal impact on the environment. Further, tailoring oxygen therapy to individual patient needs through personalized treatment plans, dosages, and delivery methods is becoming more feasible with technological advancements.

           

 

Oxygen Therapy Equipment Market Dynamics

Market Trends- Impact of Increasing Respiratory Disorders on the Oxygen Therapy Equipment Market

The surge in respiratory conditions like COPD, asthma, and sleep apnea is becoming a primary driver for the market, fostering a substantial increase in demand for oxygen therapy solutions.

Companies are being compelled to invest in research and development, aiming to introduce more efficient, portable, and user-friendly devices.

Further, the evolving healthcare policies, insurance coverage, and reimbursement mechanisms are necessitating businesses to adapt swiftly to regulatory changes, ensuring accessibility and affordability of their products.

 

Market Driver- Significant Influence of Home-Based Oxygen Therapy on the Oxygen Therapy Equipment Market

As patients increasingly favor receiving care within the comfort of their homes, there's a growing demand for portable and user-friendly oxygen therapy equipment.

Businesses operating in this sector are focusing on designing and manufacturing devices that ensure ease of use, mobility, and effective oxygen delivery outside of traditional healthcare settings.

Further, the cost-effectiveness and convenience of home-based care are driving market players to innovate and expand their product lines to cater to this growing segment leading to the market growth.

 

Market Opportunity- Focus on Remote Patient Monitoring and Telehealth Integration in the Oxygen Therapy Equipment Market

Recent innovations are allowing healthcare providers to remotely track and analyze patients' oxygen levels, treatment adherence, and overall health status, thereby revolutionizing patient care.

Businesses within the oxygen therapy equipment sector are rapidly investing in and integrating telehealth features into their devices, focusing on enhancing connectivity, data accuracy, and user interfaces.

Further, the emphasis of patient-centric care models, improved treatment outcomes, reduced healthcare costs, and increased operational efficiency are propelling the market growth.

 

Market Share Analysis- Oxygen Delivery Devices will register the fastest growth

The Oxygen Therapy Equipment Market is analyzed across Oxygen Source Equipment & Oxygen Delivery Devices. Oxygen Delivery Devices is poised to register the fastest growth. This segment within the Oxygen Therapy Equipment Market includes various devices such as oxygen concentrators, liquid oxygen systems, oxygen cylinders, and other delivery systems. Oxygen concentrators are among the most commonly used devices, extracting oxygen from ambient air and delivering it to the patient at higher concentrations. They are favored for their convenience, as they do not require refilling and can be used continuously as long as they have a power source. Liquid oxygen systems store oxygen in liquid form, providing higher volumes of oxygen in a smaller storage space compared to compressed gas cylinders. These systems are often used by patients who require higher oxygen flow rates or those who have difficulty lifting heavier oxygen cylinders.

 

Market Share Analysis- Portable Devices held a significant market share in 2023

The Oxygen Therapy Equipment Market is analyzed across various portability devices including Stationary Devices & Portable Devices. Of these, Portable Devices held a significant market share in 2023. These devices cater to the needs of patients who require oxygen therapy beyond the confines of traditional healthcare settings. The market for portable devices includes portable oxygen concentrators, portable oxygen tanks, and other lightweight, mobile oxygen delivery systems. Portable oxygen concentrators are among the most sought-after devices in this segment. They efficiently extract oxygen from the surrounding air, concentrate it, and deliver it to the patient at higher concentrations. These devices are battery-operated and lightweight, allowing patients greater freedom to move around and maintain an active lifestyle while receiving the necessary oxygen therapy. Additionally, portable oxygen tanks, also known as cylinders, offer a supply of oxygen in a compact and easily transportable form.

 

Oxygen Therapy Equipment Market News

Movair (formerly International Biophysics) launches Luisa, an advanced ventilator for diverse settings, catering to both invasive and non-invasive ventilation in the US market.    

Max Ventilator introduces multifunctional NIV ventilators, integrating oxygen therapy and a humidifier for enhanced functionality

 

Oxygen Therapy Equipment Market Segmentation

By Product

• Oxygen Source Equipment
  • Oxygen Concentrators
  • Liquid Oxygen Devices
  • Oxygen Cylinders

• Oxygen Delivery Devices
  • Oxygen Masks
  • Nasal Cannulas
  • Venturi Masks
  • Non-rebreather Masks
  • Bag-valve Masks
  • Other Oxygen Delivery Devices

 By Portability

• Stationary Devices
• Portable Devices

By Application

• COPD
• Asthma
• Cystic Fibrosis
• Respiratory Distress Syndrome
• Pneumonia
• Other Diseases

By Region

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Others)
• Asia Pacific (China, India, Japan, South Korea, Australia, Others)
• Latin America (Brazil, Argentina, Others)
• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)

 

Oxygen Therapy Equipment Market Companies

• Allied Healthcare Products, Inc.
• CAIRE Inc.
• DeVilbiss Healthcare
• Fisher & Paykel Healthcare Limited
• Hersill
• Invacare Corporation
• Koninklijke Philips N.V.,
• Smiths Medical
• TECNO-GAZ SpA
• Teleflex Incorporated

 

*List Not Exhaustive
 

Oxygen Therapy Equipment Market Outlook 2023

1 Market Overview

1.1 Introduction to the Oxygen Therapy Equipment Market

1.2 Scope of the Study

1.3 Research Objective

1.3.1 Key Market Scope and Segments

1.3.2 Players Covered

1.3.3 Years Considered

 

2 Executive Summary

2.1 2023 Oxygen Therapy Equipment Industry- Market Statistics

3 Market Dynamics

3.1 Market Drivers

3.2 Market Challenges

3.3 Market Opportunities

3.4 Market Trends

 

4 Market Factor Analysis

4.1 Porter’s Five Forces

4.2 Market Entropy

4.2.1 Global Oxygen Therapy Equipment Market Companies with Area Served

4.2.2 Products Offerings Global Oxygen Therapy Equipment Market

 

5 COVID-19 Impact Analysis and Outlook Scenarios

5.1.1 Covid-19 Impact Analysis

5.1.2 post-COVID-19 Scenario- Low Growth Case

5.1.3 post-COVID-19 Scenario- Reference Growth Case

5.1.4 post-COVID-19 Scenario- Low Growth Case

 

6 Global Oxygen Therapy Equipment Market Trends

6.1 Global Oxygen Therapy Equipment Revenue (USD Million) and CAGR (%) by Type (2018-2030)

6.2 Global Oxygen Therapy Equipment Revenue (USD Million) and CAGR (%) by Applications (2018-2030)

6.3 Global Oxygen Therapy Equipment Revenue (USD Million) and CAGR (%) by regions (2018-2030)

 

7 Global Oxygen Therapy Equipment Market Revenue (USD Million) by Type, and Applications (2018-2022)

7.1 Global Oxygen Therapy Equipment Revenue (USD Million) by Type (2018-2022)

7.1.1 Global Oxygen Therapy Equipment Revenue (USD Million), Market Share (%) by Type (2018-2022)

7.2 Global Oxygen Therapy Equipment Revenue (USD Million) by Applications (2018-2022)

7.2.1 Global Oxygen Therapy Equipment Revenue (USD Million), Market Share (%) by Applications (2018-2022)

 

8 Global Oxygen Therapy Equipment Development Regional Status and Outlook

8.1 Global Oxygen Therapy Equipment Revenue (USD Million) By Regions (2018-2022)

8.2 North America Oxygen Therapy Equipment Revenue (USD Million) by Type, and Application (2018-2022)

8.2.1 North America Oxygen Therapy Equipment Revenue (USD Million) by Country (2018-2022)

8.2.2 North America Oxygen Therapy Equipment Revenue (USD Million) by Type (2018-2022)

8.2.3 North America Oxygen Therapy Equipment Revenue (USD Million) by Applications (2018-2022)

8.3 Europe Oxygen Therapy Equipment Revenue (USD Million), by Type, and Applications (USD Million) (2018-2022)

8.3.1 Europe Oxygen Therapy Equipment Revenue (USD Million), by Country (2018-2022)

8.3.2 Europe Oxygen Therapy Equipment Revenue (USD Million) by Type (2018-2022)

8.3.3 Europe Oxygen Therapy Equipment Revenue (USD Million) by Applications (2018-2022)

8.4 Asia Pacific Oxygen Therapy Equipment Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2022)

8.4.1 Asia Pacific Oxygen Therapy Equipment Revenue (USD Million) by Country (2018-2022)

8.4.2 Asia Pacific Oxygen Therapy Equipment Revenue (USD Million) by Type (2018-2022)

8.4.3 Asia Pacific Oxygen Therapy Equipment Revenue (USD Million) by Applications (2018-2022)

8.5 South America Oxygen Therapy Equipment Revenue (USD Million), by Type, and Applications (2018-2022)

8.5.1 South America Oxygen Therapy Equipment Revenue (USD Million), by Country (2018-2022)

8.5.2 South America Oxygen Therapy Equipment Revenue (USD Million) by Type (2018-2022)

8.5.3 South America Oxygen Therapy Equipment Revenue (USD Million) by Applications (2018-2022)

8.6 Middle East and Africa Oxygen Therapy Equipment Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2022)

8.6.1 Middle East and Africa Oxygen Therapy Equipment Revenue (USD Million) by Country (2018-2022)

8.6.2 Middle East and Africa Oxygen Therapy Equipment Revenue (USD Million) by Type (2018-2022)

8.6.3 Middle East and Africa Oxygen Therapy Equipment Revenue (USD Million) by Applications (2018-2022)

 

9 Company Profiles

 

10 Global Oxygen Therapy Equipment Market Revenue (USD Million), by Type, and Applications (2023-2030)

10.1 Global Oxygen Therapy Equipment Revenue (USD Million) and Market Share (%) by Type (2023-2030)

10.1.1 Global Oxygen Therapy Equipment Revenue (USD Million), and Market Share (%) by Type (2023-2030)

10.2 Global Oxygen Therapy Equipment Revenue (USD Million) and Market Share (%) by Applications (2023-2030)

10.2.1 Global Oxygen Therapy Equipment Revenue (USD Million), and Market Share (%) by Applications (2023-2030)

 

11 Global Oxygen Therapy Equipment Development Regional Status and Outlook Forecast

11.1 Global Oxygen Therapy Equipment Revenue (USD Million) By Regions (2023-2030)

11.2 North America Oxygen Therapy Equipment Revenue (USD Million) by Type, and Applications (2023-2030)

11.2.1 North America Oxygen Therapy Equipment Revenue (USD) Million by Country (2023-2030)

11.2.2 North America Oxygen Therapy Equipment Revenue (USD Million), by Type (2023-2030)

11.2.3 North America Oxygen Therapy Equipment Revenue (USD Million), Market Share (%) by Applications (2023-2030)

11.3 Europe Oxygen Therapy Equipment Revenue (USD Million), by Type, and Applications (2023-2030)

11.3.1 Europe Oxygen Therapy Equipment Revenue (USD Million), by Country (2023-2030)

11.3.2 Europe Oxygen Therapy Equipment Revenue (USD Million), by Type (2023-2030)

11.3.3 Europe Oxygen Therapy Equipment Revenue (USD Million), by Applications (2023-2030)

11.4 Asia Pacific Oxygen Therapy Equipment Revenue (USD Million) by Type, and Applications (2023-2030)

11.4.1 Asia Pacific Oxygen Therapy Equipment Revenue (USD Million), by Country (2023-2030)

11.4.2 Asia Pacific Oxygen Therapy Equipment Revenue (USD Million), by Type (2023-2030)

11.4.3 Asia Pacific Oxygen Therapy Equipment Revenue (USD Million), by Applications (2023-2030)

11.5 South America Oxygen Therapy Equipment Revenue (USD Million), by Type, and Applications (2023-2030)

11.5.1 South America Oxygen Therapy Equipment Revenue (USD Million), by Country (2023-2030)

11.5.2 South America Oxygen Therapy Equipment Revenue (USD Million), by Type (2023-2030)

11.5.3 South America Oxygen Therapy Equipment Revenue (USD Million), by Applications (2023-2030)

11.6 Middle East and Africa Oxygen Therapy Equipment Revenue (USD Million), by Type, and Applications (2023-2030)

11.6.1 Middle East and Africa Oxygen Therapy Equipment Revenue (USD Million), by region (2023-2030)

11.6.2 Middle East and Africa Oxygen Therapy Equipment Revenue (USD Million), by Type (2023-2030)

11.6.3 Middle East and Africa Oxygen Therapy Equipment Revenue (USD Million), by Applications (2023-2030)

 

12 Methodology and Data Sources

12.1 Methodology/Research Approach

12.1.1 Research Programs/Design

12.1.2 Market Size Estimation

12.1.3 Market Breakdown and Data Triangulation

12.2 Data Sources

12.2.1 Secondary Sources

12.2.2 Primary Sources

12.3 Disclaimer

 

List of Tables

Table 1 Market Segmentation Analysis

Table 2 Global Oxygen Therapy Equipment Market Companies with Areas Served

Table 3 Products Offerings Global Oxygen Therapy Equipment Market

Table 4 Low Growth Scenario Forecasts

Table 5 Reference Case Growth Scenario

Table 6 High Growth Case Scenario

Table 7 Global Oxygen Therapy Equipment Revenue (USD Million) And CAGR (%) By Type (2018-2030)

Table 8 Global Oxygen Therapy Equipment Revenue (USD Million) And CAGR (%) By Applications (2018-2030)

Table 9 Global Oxygen Therapy Equipment Revenue (USD Million) And CAGR (%) By Regions (2018-2030)

Table 10 Global Oxygen Therapy Equipment Revenue (USD Million) By Type (2018-2022)

Table 11 Global Oxygen Therapy Equipment Revenue Market Share (%) By Type (2018-2022)

Table 12 Global Oxygen Therapy Equipment Revenue (USD Million) By Applications (2018-2022)

Table 13 Global Oxygen Therapy Equipment Revenue Market Share (%) By Applications (2018-2022)

Table 14 Global Oxygen Therapy Equipment Market Revenue (USD Million) By Regions (2018-2022)

Table 15 Global Oxygen Therapy Equipment Market Share (%) By Regions (2018-2022)

Table 16 North America Oxygen Therapy Equipment Revenue (USD Million) By Country (2018-2022)

Table 17 North America Oxygen Therapy Equipment Revenue (USD Million) By Type (2018-2022)

Table 18 North America Oxygen Therapy Equipment Revenue (USD Million) By Applications (2018-2022)

Table 19 Europe Oxygen Therapy Equipment Revenue (USD Million) By Country (2018-2022)

Table 20 Europe Oxygen Therapy Equipment Revenue (USD Million) By Type (2018-2022)

Table 21 Europe Oxygen Therapy Equipment Revenue (USD Million) By Applications (2018-2022)

Table 22 Asia Pacific Oxygen Therapy Equipment Revenue (USD Million) By Country (2018-2022)

Table 23 Asia Pacific Oxygen Therapy Equipment Revenue (USD Million) By Type (2018-2022)

Table 24 Asia Pacific Oxygen Therapy Equipment Revenue (USD Million) By Applications (2018-2022)

Table 25 South America Oxygen Therapy Equipment Revenue (USD Million) By Country (2018-2022)

Table 26 South America Oxygen Therapy Equipment Revenue (USD Million) By Type (2018-2022)

Table 27 South America Oxygen Therapy Equipment Revenue (USD Million) By Applications (2018-2022)

Table 28 Middle East and Africa Oxygen Therapy Equipment Revenue (USD Million) By Region (2018-2022)

Table 29 Middle East and Africa Oxygen Therapy Equipment Revenue (USD Million) By Type (2018-2022)

Table 30 Middle East and Africa Oxygen Therapy Equipment Revenue (USD Million) By Applications (2018-2022)

Table 31 Financial Analysis

Table 32 Global Oxygen Therapy Equipment Revenue (USD Million) By Type (2023-2030)

Table 33 Global Oxygen Therapy Equipment Revenue Market Share (%) By Type (2023-2030)

Table 34 Global Oxygen Therapy Equipment Revenue (USD Million) By Applications (2023-2030)

Table 35 Global Oxygen Therapy Equipment Revenue Market Share (%) By Applications (2023-2030)

Table 36 Global Oxygen Therapy Equipment Market Revenue (USD Million), And Revenue (USD Million) By Regions (2023-2030)

Table 37 North America Oxygen Therapy Equipment Revenue (USD)By Country (2023-2030)

Table 38 North America Oxygen Therapy Equipment Revenue (USD Million) By Type (2023-2030)

Table 39 North America Oxygen Therapy Equipment Revenue (USD Million) By Applications (2023-2030)

Table 40 Europe Oxygen Therapy Equipment Revenue (USD Million) By Country (2023-2030)

Table 41 Europe Oxygen Therapy Equipment Revenue (USD Million) By Type (2023-2030)

Table 42 Europe Oxygen Therapy Equipment Revenue (USD Million) By Applications (2023-2030)

Table 43 Asia Pacific Oxygen Therapy Equipment Revenue (USD Million) By Country (2023-2030)

Table 44 Asia Pacific Oxygen Therapy Equipment Revenue (USD Million) By Type (2023-2030)

Table 45 Asia Pacific Oxygen Therapy Equipment Revenue (USD Million) By Applications (2023-2030)

Table 46 South America Oxygen Therapy Equipment Revenue (USD Million) By Country (2023-2030)

Table 47 South America Oxygen Therapy Equipment Revenue (USD Million) By Type (2023-2030)

Table 48 South America Oxygen Therapy Equipment Revenue (USD Million) By Applications (2023-2030)

Table 49 Middle East and Africa Oxygen Therapy Equipment Revenue (USD Million) By Region (2023-2030)

Table 50 Middle East and Africa Oxygen Therapy Equipment Revenue (USD Million) By Region (2023-2030)

Table 51 Middle East and Africa Oxygen Therapy Equipment Revenue (USD Million) By Type (2023-2030)

Table 52 Middle East and Africa Oxygen Therapy Equipment Revenue (USD Million) By Applications (2023-2030)

Table 53 Research Programs/Design for This Report

Table 54 Key Data Information from Secondary Sources

Table 55 Key Data Information from Primary Sources

 

List of Figures

Figure 1 Market Scope

Figure 2 Porter’s Five Forces

Figure 3 Global Oxygen Therapy Equipment Revenue (USD Million) By Type (2018-2022)

Figure 4 Global Oxygen Therapy Equipment Revenue Market Share (%) By Type (2022)

Figure 5 Global Oxygen Therapy Equipment Revenue (USD Million) By Applications (2018-2022)

Figure 6 Global Oxygen Therapy Equipment Revenue Market Share (%) By Applications (2022)

Figure 7 Global Oxygen Therapy Equipment Market Revenue (USD Million) By Regions (2018-2022)

Figure 8 Global Oxygen Therapy Equipment Market Share (%) By Regions (2022)

Figure 9 North America Oxygen Therapy Equipment Revenue (USD Million) By Country (2018-2022)

Figure 10 North America Oxygen Therapy Equipment Revenue (USD Million) By Type (2018-2022)

Figure 11 North America Oxygen Therapy Equipment Revenue (USD Million) By Applications (2018-2022)

Figure 12 Europe Oxygen Therapy Equipment Revenue (USD Million) By Country (2018-2022)

Figure 13 Europe Oxygen Therapy Equipment Revenue (USD Million) By Type (2018-2022)

Figure 14 Europe Oxygen Therapy Equipment Revenue (USD Million) By Applications (2018-2022)

Figure 15 Asia Pacific Oxygen Therapy Equipment Revenue (USD Million) By Country (2018-2022)

Figure 16 Asia Pacific Oxygen Therapy Equipment Revenue (USD Million) By Type (2018-2022)

Figure 17 Asia Pacific Oxygen Therapy Equipment Revenue (USD Million) By Applications (2018-2022)

Figure 18 South America Oxygen Therapy Equipment Revenue (USD Million) By Country (2018-2022)

Figure 19 South America Oxygen Therapy Equipment Revenue (USD Million) By Type (2018-2022)

Figure 20 South America Oxygen Therapy Equipment Revenue (USD Million) By Applications (2018-2022)

Figure 21 Middle East and Africa Oxygen Therapy Equipment Revenue (USD Million) By Region (2018-2022)

Figure 22 Middle East and Africa Oxygen Therapy Equipment Revenue (USD Million) By Type (2018-2022)

Figure 23 Middle East and Africa Oxygen Therapy Equipment Revenue (USD Million) By Applications (2018-2022)

Figure 24 Global Oxygen Therapy Equipment Revenue (USD Million) By Type (2023-2030)

Figure 25 Global Oxygen Therapy Equipment Revenue Market Share (%) By Type (2030)

Figure 26 Global Oxygen Therapy Equipment Revenue (USD Million) By Applications (2023-2030)

Figure 27 Global Oxygen Therapy Equipment Revenue Market Share (%) By Applications (2030)

Figure 28 Global Oxygen Therapy Equipment Market Revenue (USD Million) By Regions (2023-2030)

Figure 29 North America Oxygen Therapy Equipment Revenue (USD Million) By Country (2023-2030)

Figure 30 North America Oxygen Therapy Equipment Revenue (USD Million) By Type (2023-2030)

Figure 31 North America Oxygen Therapy Equipment Revenue (USD Million) By Applications (2023-2030)

Figure 32 Europe Oxygen Therapy Equipment Revenue (USD Million) By Country (2023-2030)

Figure 33 Europe Oxygen Therapy Equipment Revenue (USD Million) By Type (2023-2030)

Figure 34 Europe Oxygen Therapy Equipment Revenue (USD Million) By Applications (2023-2030)

Figure 35 Asia Pacific Oxygen Therapy Equipment Revenue (USD Million) By Country (2023-2030)

Figure 36 Asia Pacific Oxygen Therapy Equipment Revenue (USD Million) By Type (2023-2030)

Figure 37 Asia Pacific Oxygen Therapy Equipment Revenue (USD Million) By Applications (2023-2030)

Figure 38 South America Oxygen Therapy Equipment Revenue (USD Million) By Country (2023-2030)

Figure 39 South America Oxygen Therapy Equipment Revenue (USD Million) By Type (2023-2030)

Figure 40 South America Oxygen Therapy Equipment Revenue (USD Million) By Applications (2023-2030)

Figure 41 Middle East and Africa Oxygen Therapy Equipment Revenue (USD Million) By Region (2023-2030)

Figure 42 Middle East and Africa Oxygen Therapy Equipment Revenue (USD Million) By Region (2023-2030)

Figure 43 Middle East and Africa Oxygen Therapy Equipment Revenue (USD Million) By Type (2023-2030)

Figure 44 Middle East and Africa Oxygen Therapy Equipment Revenue (USD Million) By Applications (2023-2030)

Figure 45 Bottom-Up and Top-Down Approaches for This Report

Figure 46 Data Triangulation

 

By Product

• Oxygen Source Equipment
  • Oxygen Concentrators
  • Liquid Oxygen Devices
  • Oxygen Cylinders

• Oxygen Delivery Devices
  • Oxygen Masks
  • Nasal Cannulas
  • Venturi Masks
  • Non-rebreather Masks
  • Bag-valve Masks
  • Other Oxygen Delivery Devices

 By Portability

• Stationary Devices
• Portable Devices

By Application

• COPD
• Asthma
• Cystic Fibrosis
• Respiratory Distress Syndrome
• Pneumonia
• Other Diseases

By Region

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Others)
• Asia Pacific (China, India, Japan, South Korea, Australia, Others)
• Latin America (Brazil, Argentina, Others)
• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)