The Oxygen Therapy Global Market Report 2023, provides comprehensive information on the oxygen therapy market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global oxygen therapy market size is expected to grow from $23.70 billion in 2022 to $25.89 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global oxygen therapy market size is expected to reach $36.53 billion in 2027 at a CAGR of 9.0%.
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Technological advancements are a key trend gaining popularity in the oxygen therapy market. Companies operating in the oxygen therapy market are adopting new technologies to sustain their position in their market. For instance, in July 2022, Omron Healthcare, a Japanese-based electrical equipment manufacturer company, launched a portable oxygen concentrator to assist home care providers in addressing the therapeutic and lifestyle needs of COPD and respiratory patients. This portable oxygen concentrator includes PSA (Pressure Swing Adsorption) technology that provides a continuous supply of oxygen (5L per minute). Additionally, it employs medical molecular sieves to assure the efficiency and purity of the oxygen while maintaining the device’s mobility, making it easier to transport.
The oxygen therapy market is segmented:
1) By Product: Oxygen Delivery Devices, Oxygen Source Equipment
2) By Portability: Stationary Devices, Portable Devices
3) By Application: Pneumonia, Chronic Obstructive Pulmonary Disease, Asthma, Obstructive Sleep Apnea, Respiratory Distress Syndrome, Cystic Fibrosis, Other Applications
4) By End User: Hospitals, Clinics, Home Care, Post Acute Care Settings
North America was the largest region in the oxygen therapy market in 2022.
The table of contents in TBRC’s oxygen therapy market report includes:
- Executive Summary
- Oxygen Therapy Market Characteristics
- Oxygen Therapy Market Trends And Strategies
- Oxygen Therapy Market – Macro Economic Scenario
- Oxygen Therapy Market Size And Growth
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- Africa Oxygen Therapy Market
- Oxygen Therapy Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Oxygen Therapy Market
- Oxygen Therapy Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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