Global Oxygen Therapy Market Is Likely To Engender Revenue Of USD 19,884 million by 2025 – ZMR Blog
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Global Oxygen Therapy Market Is Likely To Engender Revenue Of USD 19,884 million by 2025

Zion Market Research has published a new report titled “Oxygen Therapy Market by Oxygen Source Equipment (Oxygen Concentrators, Compressed Oxygen Cylinders, and Liquid Oxygen Systems), By Oxygen Delivery Devices (Oxygen Masks, Bag Valve Masks, Nasal Cannulas, Venturi Mask, and Others), by End-User (Hospitals & Clinics, Home Healthcare, and Rehabilitation Centers), and by Application (COPD, Asthma, Sleep Apnea, Respiratory Distress Syndrome, Cystic Fibrosis, Pneumonia, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global oxygen therapy market was valued at approximately USD 9,399 million in 2018 and is expected to generate around USD 19,884 million by 2025, at a CAGR of around 11.4% between 2019 and 2025.

Oxygen therapy is the process of administrating oxygen as chronic or acute patient care, as it is important for various cell activities. Additionally, the normal oxygen level is required in the body to maintain the various physiological functions. Oxygen therapy is used for patients who cannot get enough oxygen naturally, due to various breathing disorders, such as asthma, COPD, sleep apnea, etc. These disorders affect the transfer of oxygen from alveoli to the blood. Breathing disorders affect the energy levels and normal functioning of the body. To improve breathing disorder, patients need to get supplemental oxygen through oxygen face masks, nasal cannulas, etc. Oxygen therapy is used on the basis of pulse proximity test and arterial blood gas test.

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There are various factors that support the growth of the oxygen therapy market globally over the forecast period, such as the increase in the prevalence of breathing disorders, such as COPD, asthma, etc. As per the World Health Organization 2017, around 235 million globally suffer from asthma. Furthermore, technological advancements made in the existing oxygen delivery systems and favorable reimbursement policies are also expected to promote the growth of the global oxygen therapy market in the upcoming years. Moreover, huge investments made in research and development activities by major players are likely to lead to the development of new and advanced products over the assessment timeline. However, the high developmental cost of advanced and innovative devices and constantly changing regulations and stringent policies may inhibit the growth of the global oxygen therapy market in the future.

By oxygen source equipment, the market is segmented into oxygen concentrators, compressed oxygen cylinders, and liquid oxygen systems. Oxygen concentrators are expected to hold the largest market share in the future. Based on oxygen delivery devices, the market is fragmented into oxygen masks, bag valve masks, nasal cannulas, venturi masks, and others. The oxygen mask segment is expected to hold the largest market share over the forecast time period. By application, the market includes COPD, asthma, sleep apnea, respiratory distress syndrome, cystic fibrosis, pneumonia, and others. COPD segment accounts for the largest market share over the forecast timeframe. Based on end-user, the market is divided into hospitals and clinics, home healthcare, and rehabilitation centers. Hospitals and clinics are expected to dominate over the forecast time period.

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By region, North America is likely to emerge as the largest oxygen therapy market globally over the forecast time period, which will be closely followed by Europe. The Asia Pacific is expected to be the fastest developing region over the estimated period.

Some players of the global oxygen therapy market are 3M, General Electric Company, Koninklijke Philips N.V., DeVilbiss Healthcare, Essex Industries, Inc., Fisher & Paykel Healthcare Limited, Inotec AMD Limited, Invacare Corporation, VitalAire, O2 CONCEPTS, OxyBand Technologies, Nidek Medical Products Inc., and MAQUET Holding B.V. & Co. KG.

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This report segments the global oxygen therapy market into:

Global Oxygen Therapy Market: Oxygen Source Equipment Analysis

  • Oxygen Concentrators
  • Compressed Oxygen Cylinders
  • Liquid Oxygen Systems

Global Oxygen Therapy Market: Oxygen Delivery Devices Analysis

  • Oxygen Masks
  • Bag Valve Masks
  • Nasal Cannulas
  • Venturi Masks
  • Others

Global Oxygen Therapy Market: End-User Analysis

  • Hospitals and Clinics
  • Home Healthcare
  • Rehabilitation Centers

Global Oxygen Therapy Market: Application Analysis

  • COPD
  • Asthma
  • Sleep Apnea
  • Respiratory Distress Syndrome (RDS)
  • Cystic Fibrosis
  • Pneumonia
  • Other

Global Oxygen Therapy Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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