Global Oxygen Therapy Equipment Market to Progress at a CAGR of 8.29 % by 2027 | DelveInsight

As per DelveInsight’s assessment, the market for oxygen therapy equipment has grown tremendously as a result of the rising incidence of respiratory ailments around the globe. Oxygen therapy equipment is crucial in giving additional oxygen for people with pulmonary conditions including COPD and asthma which is expected to drive the demand for Oxygen Therapy Equipment in the upcoming years.

DelveInsight’s “Oxygen Therapy Equipment Market” report provides the current and forecast market outlook, forthcoming device innovation, challenges, market drivers and barriers. The report also covers the major emerging products and key Oxygen Therapy Equipment companies actively working in the market.

Oxygen Therapy Equipment

Oxygen therapy equipment is an instrument used to supply a secure source of oxygen-enriched air i. These devices draw air from the room and pass it through several filters to get rid of dust, bacteria, and other impurities.

People with respiratory issues receive oxygen in this treatment using an oxygen storage tank or a compressor unit. It can be administered by a mask, a tent, or a nose tube. Along with regular air, the additional oxygen is breathed in. also known as oxygen supplementation therapy.

Oxygen Therapy Equipment Market Insights

Geographically, the global Oxygen Therapy Equipment market is studied in North America, Europe, Asia-Pacific, and the Rest of the World. During the forecast period, 2022 to 2027, North America is anticipated to dominate the Oxygen Therapy Equipment market as a whole. This dominance is brought on by the increased incidence of respiratory conditions like COPD, asthma, and carbon monoxide poisoning, among other things, as well as the COVID-19 pandemic’s spread in the area.

To know more about why North America is leading the market growth in the Oxygen Therapy Equipment market, get a snapshot of the report Oxygen Therapy Equipment Market Trends

Recent Developments in the Oxygen Therapy Equipment Market Report

  • On June 18, 2020, Vincent Medical Holdings Limited a global respiratory medical device supplier announced that the Group has entered into a supply agreement with TAMER Healthcare regarding the supply of InspiredTM O2FLO High Flow Respiratory Humidifier (“O2FLO”) and the dedicated disposables to the Kingdom of Saudi Arabia.
  • On April 03, 2019, Inogen, Inc. announced its launch of Inogen One G5, a lightweight and easy-to-carry oxygen concentrator.
  • Thus, owing to such developments in the market, rapid growth will be observed in the Oxygen Therapy Equipment market during the forecast period

To read more about the latest highlights related to Oxygen Therapy Equipment, get a snapshot of the key highlights entailed in the Oxygen Therapy Equipment

Key Players in the Oxygen Therapy Equipment Market

Some of the key market players operating in the Oxygen Therapy Equipment market include-  Koninklijke Philips N.V., Invacare Corporation, Inogen, Inc., Drägerwerk AG & Co. KgaA, ICU Medical, Inc., CAIRE Inc., Fisher & Paykel Healthcare Limited, Armstrong Medical, Vyaire Medical, Inc., Hamilton Medical, Shenzhen Comen Medical Instruments Co., Ltd., BMC Medical Co., Ltd., Allied Medical Limited, Teleflex Incorporated, HERSILL, Chart Industries, Inc., DeVilbiss Healthcare LLC, GCE Group, Oxygen Solutions Inc., Besco Medical Limited, and others.

COVID-19 Impact Analysis on the Oxygen Therapy Equipment Market

The Global Oxygen Therapy Equipment market is witnessing growth due to the various factors including the COVID-19 pandemic, the increasing cases of carbon monoxide poisoning, the increasing use of these devices in critical care, the increasing adoption of minimally invasive procedures, and the quick pace of technological innovation in product development are the main drivers for oxygen therapy equipment.

Additionally, As COVID-19 cases continue to rise globally, there is an increasing demand for oxygen therapy equipment. This demand is predicted to increase significantly over time. For instance, according to the World Health Organization (WHO), there have been 500,186,525 confirmed cases of COVID-19 as of April 14, 2022.

Scope of the Oxygen Therapy Equipment Market Report

  • Coverage: Global
  • Study Period: 2019–2027
  • Oxygen Therapy Equipment Market Segmentation By Product Type: (Systems [HFNO (High-Flow Nasal Cannula Oxygenation) Devices, Oxygen Concentrators, Ventilators, Others], Disposables and Accessories [Oxygen Masks, Nasal Cannulas, Resuscitator Bags, Others])
  • Oxygen Therapy Equipment Market Segmentation By Portability: (Stationary, Portable)
  • Oxygen Therapy Equipment Market Segmentation By Application: (COPD, Asthma, Respiratory Distress Syndrome, Others)
  • Oxygen Therapy Equipment Market Segmentation By End-User: (Hospitals and Clinics, Ambulatory Surgical Center, Home Care Settings, Others)
  • Oxygen Therapy Equipment Market Segmentation By Geography: North America, Europe, Asia-Pacific, and Rest of the World
  • Key Oxygen Therapy Equipment Companies:  Koninklijke Philips N.V., Invacare Corporation, Inogen, Inc., Drägerwerk AG & Co. KgaA, ICU Medical, Inc., CAIRE Inc., Fisher & Paykel Healthcare Limited, Armstrong Medical, Vyaire Medical, Inc., Hamilton Medical, Shenzhen Comen Medical Instruments Co., Ltd., BMC Medical Co., Ltd., Allied Medical Limited, Teleflex Incorporated, HERSILL, Chart Industries, Inc., DeVilbiss Healthcare LLC, GCE Group, Oxygen Solutions Inc., Besco Medical Limited, among others
  • Porter’s Five Forces Analysis, Product Profiles, Case Studies, KOLs Views, Analysts View

DelveInsight Analysis: The Global Oxygen Therapy Equipment market was valued at USD  2.69  billion in the year 2021 and is anticipated to grow with a CAGR of 8.29% during the forecasted period (2022-2027)

Which MedTech key players in the Oxygen Therapy Equipment market are set to emerge as the trendsetter explore @ Oxygen Therapy Equipment

Table of Contents 

1 Oxygen Therapy Equipment Market Report Introduction
2 Oxygen Therapy Equipment Market Executive summary
3 Regulatory and Patent Analysis
4 Oxygen Therapy Equipment Market Key Factors Analysis
5 Porter’s Five Forces Analysis
6 COVID-19 Impact Analysis on Oxygen Therapy Equipment Market
7 Oxygen Therapy Equipment Market Layout
8 Global Company Share Analysis – Key 3-5 Companies
9 Company and Product Profiles
10 Project Approach
11. About DelveInsight

Interested in knowing how the Oxygen Therapy Equipment market will grow by 2027? Click to get a snapshot of the Oxygen Therapy Equipment Market Analysis

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