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Respiratory Therapy is Fastest Growing Segment Fueling the Growth Of Oxygen Therapy Market

Sneha

Respiratory Therapy is Fastest Growing Segment Fueling the Growth Of Oxygen Therapy Market

The global Oxygen Therapy Market is estimated to be valued at US$ 36.75 Bn in 2023 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Oxygen therapy market provides oxygen delivery services for patients suffering from respiratory diseases. Long-term oxygen therapy helps to reduce the symptoms of hypoxemia by enriching the oxygen level in blood. Portable oxygen concentrators offer mobility and freedom to patients.

Market key trends:

One of the major trends in the oxygen therapy market is the growing preference for portable oxygen concentrators. These portable devices are lighter in weight and enable mobility for oxygen dependent patients. They allow users to be mobile during their daily activities and travelling. The advanced technology used in portable oxygen concentrators such as pulse dose and oxygen flow delivery makes them very effective in managing oxygen levels. Their small size and battery back-up further increases their preference over traditional oxygen cylinders.

Segment Analysis:

The global oxygen therapy market is segmented by product, portability, application, end-user and region. Based on product, the market is segmented into oxygen source equipment and oxygen delivery devices. Among these, the oxygen source equipment segment dominated the market in 2022 and is expected to continue its dominance during the forecast period. Factors attributing to its large market share include high cost and continuous need for oxygen source equipment as compared to oxygen delivery devices.

Key Takeaways:

The Global Oxygen Therapy Market Demand is expected to witness high growth, exhibiting CAGR of 6.5% over the forecast period, due to increasing prevalence of respiratory disorders such as COPD and asthma.

Regional analysis:

North America dominated the global oxygen therapy market in 2022 and is expected to continue its dominance during the forecast period. High prevalence of respiratory diseases and presence of key players in the region is driving the market growth. The Asia Pacific region is expected to exhibit the fastest growth over the forecast period owing to rising geriatric population, improving healthcare infrastructure and increasing awareness regarding respiratory disorders.

Key players:

Key players operating in the oxygen therapy market are GE Healthcare, Invacare Corporation, Inogen, IUC Medical (Smiths Medical), HERSILL S.L., Fisher & Paykel Healthcare Limited, Philips Respironics, Inc., DeVilbiss Healthcare, Tecno-Gaz Industries, Allied Healthcare Products, Inc., Teleflex Incorporated, Chart Industries, ResMed, Drägerwerk AG & Co. KGaA, Linde, and CAIRE. GE healthcare dominates the market owing to its diverse product portfolio and strong global presence.

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Sneha

Oxygen Therapy Market Anticipated to Witness High Growth Owing to Rising Prevalence of Respiratory Diseases

Sumedha 2024-02-13

The oxygen therapy market involves the provision of oxygen when oxygen levels within the body are too low. The Global Oxygen Therapy Market is estimated to be valued at US$ 42. Key Takeaways Key players operating in oxygen therapy market are Schmitz Cargobull, China International Marine Containers (Group) Ltd. Technological advancement in oxygen therapy delivery devices such as lightweight, high-density, and portable oxygen concentrators is pushing the market boundaries. Impact of COVID-19 on the Oxygen Therapy Market The outbreak of COVID-19 pandemic has significantly impacted the growth of the oxygen therapy market globally.

Oxygen Therapy Market Growth Accelerated by Elevated demand for Chronic Respiratory Disease Management

Pooja salve 2023-12-26

Portable oxygen concentrators are lightweight, portable oxygen supply devices that provide continuous flow of enriched oxygen to patients on the go. The global Oxygen Therapy Market is estimated to be valued at US$ 36. Manufacturers are also focusing on developing innovative portable oxygen concentrators with advanced features like integrated oxygen sensors and longer battery life to increase accessibility to oxygen therapy. Segment Analysis The global oxygen therapy market is segmented by oxygen source equipment and application. Key Takeaways Global Oxygen Therapy Market Demand is expected to witness high growth over the forecast period of 2023 to 2030.

All You Need to Know About Applications of Oxygen Concentrators

Traveloxygen 2022-05-12

At certain times like while doing exercise, dancing, or playing sports, the oxygen demand exceeds the existing supply in the body. In such scenarios, the person either needs to stop the exercise or increase the blood oxygen supply by recruiting the lung tissue surface area to extract more oxygen. The best part is that home oxygen concentrators have made it easy for you to undergo this oxygen therapy at whichever place you are in. Let’s talk about ways in which these concentrators are serving people beyond the boundaries of hospitals and clinics. These concentrators have allowed patients with respiratory issues to lead their life like normal people.

Oxygen Therapy for Wound Healing: Accelerating Recovery and Reducing Infections

Ben Wood 2023-06-21

These approaches deliver oxygen directly to the wound bed, improving cellular metabolism, promoting angiogenesis (formation of new blood vessels), and enhancing collagen synthesis. By increasing oxygen availability, oxygen therapy accelerates the wound-healing process, particularly in chronic or non-healing wounds. It can also be utilized in post-surgical wound care to support faster recovery and reduce the risk of complications. While oxygen therapy is a promising adjunctive treatment for wound healing, its application should be determined by healthcare professionals based on individual patient needs and wound characteristics. Proper wound assessment, diagnosis, and management are essential to ensure the optimal use of oxygen therapy in promoting wound recovery and preventing complications.

The Oxygen Therapy Market Is Estimated To Witness High Growth Owing To Increasing Prevalence Of Chronic Respiratory Diseases

kiran gire 2024-01-17

The Oxygen Therapy Market is estimated to be valued at US$ 36. Portable and stationary oxygen concentrators, oxygen cylinders and liquid oxygen devices are commonly used oxygen sources in oxygen therapy. According to the World Health Organization (WHO), chronic respiratory diseases account for over 4 million deaths each year globally. As oxygen therapy is widely used in the treatment of respiratory diseases, the growing disease burden will increase the demand for oxygen therapy products over the forecast period. Asia Pacific is anticipated to be the fastest growing market over the forecast period owing to growing healthcare expenditure and increasing incidence of respiratory diseases.

Oxygen Concentrators Market Overview 2024-2033 – Competitive Landscape and Strategies

saikiran TBRC 2024-03-05

Learn More On The Oxygen Concentrators Market:https://www. The oxygen concentrators market size is expected to see strong growth in the next few years. Major trends in the forecast period include evelopment of smart oxygen concentrators, portable oxygen concentrators, rise in partnerships & acquisitions, technological advancements, new payment plans, and increasing number of patent filings. The increase in the prevalence of respiratory disorders across the globe contributes to the growth of the oxygen concentrators market. The oxygen concentrators market report table of contents includes:1.

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