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Oxygen Therapy Device Market
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Oxygen Therapy Device Market

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Oxygen Therapy Device Market- Global Industry Size, Share, Growth, Opportunity and Forecast, 2018-2028, Segmented By Product (Oxygen Source Equipment (Oxygen Concentrators, Liquid Oxygen Devices, and Oxygen Cylinders) Oxygen Delivery Devices (Oxygen Masks, Nasal Cannulas, Venturi Masks, Non-Rebreather Masks, Bag- Valve Masks and Other Oxygen Delivery Device), By Portability (Standalone Devices And Portable Devices) By Application (COPD, Asthma, Respiratory Distress Syndrome, Cystic Fibrosis, Pneumonia Other Diseases, By Region (North America, Europe, Asia Pacific, Latin America, Middle East, And Africa),

  • Published Date: February 2022
  • Report ID: BWC22040
  • Available Format: PDF
  • Page: 190

Report Overview

The global oxygen therapy device market is expected to grow rapidly in the coming years. Globally, the market has experienced growth due to the growing geriatric population and the increasing prevalence of respiratory diseases.

Global Oxygen Therapy Device Market - Industry Trends & Forecast Report 2028

The global oxygen market was worth USD 9,423.4 Million in 2021, and is further projected to reach USD 18,173.9 Million by 2028, exhibiting a CAGR of 10.2% during the forecast period (2022-2028). The market's growth can be attributed to the growing geriatric population and the rising number of people suffering from respiratory diseases. For patients with breathing difficulties, oxygen treatment is required for supplementing oxygen levels in their bodies through external means. For instance, continual obstructive pulmonary disease (COPD) patients require oxygen therapy devices to function properly. Other factors driving the global oxygen therapy device market are rising tobacco comsumption, an increase in the prevalence of respiratory issues, an increase in the geriatric population, and a rise in COPD prevalence rates among people. According to the National Institutes of Health (NIH), nearly 12 million adults were identified with COPD (Chronic Obstructive Pulmonary Disease) in the US in 2020. The NIH also estimates that 120,000 people die of COPD every year and that 12 million adults suffer from undiagnosed COPD. There has been an increase in the patient population due to a rising prevalence of chronic respiratory diseases, which has boosted demand for oxygen therapy devices globally.

Oxygen Therapy Device Market

Oxygen Therapy Device: A Brief Overview

Oxygen therapy, also known as supplemental oxygen, uses oxygen as medical treatment. Oxygen therapy is of diverse types, including oxygen fuel, liquid oxygen, oxygen concentrators, and hyperbaric oxygen therapy. Hyperoxia (low levels of oxygen in the blood), carbon monoxide toxicity, and cluster headaches are all acute conditions requiring oxygen therapy. The use of oxygen might also be essential to maintain the blood's oxygen levels during anesthesia induction. Chronic hypoxemia caused by severe COPD or cystic fibrosis can also be treated with oxygen therapy. Oxygen can be delivered via nasal cannula or face mask or via high-pressure situations, such as endotracheal intubation or hyperbaric chamber. Those who regularly receive oxygen therapy report higher energy levels, better sleep, and a higher quality of life.

Oxygen Therapy Device Market Trends

Growth Drivers

Increasing Number of Respiratory Disease Driving the Growth of Oxygen Therapy Device Market

Currently, oxygen therapy devices are in greater demand due to the increase in respiratory diseases. People with lungs disease, chronic obstructive pulmonary disease (COPD), pneumonia, cystic fibrosis, sleep apnea, and respiration disorders are heavily reliant on oxygen therapy devices. OTD is an ideal option for in-home care settings, and the portability factor plays a key role in making it easier for common people to use. Additionally, increasing pollution and tobacco use are contributing to the growth of the market for oxygen therapy. According to the Office of Disease Prevention and Health Promotion, more than 25 million humans in the United States have bronchial asthma, almost 14 million adults are diagnosed with COPD, and almost 12 million humans been diagnosed with respiration diseases in 2021. The factors mentioned above are anticipated to propel the demand for OTD during the forecast period.

Restraints

Stringent Regulations Hinders the Growth of Global Oxygen Therapy Device Market

Anything related to the medical field is highly regulated in today's world. Government organizations and non-government organizations closely monitor all activities related to the medical field. Additionally, global and local governing bodies set strict regulations as per the requirements. Oxygen Therapy devices are manufactured as per the guidelines of the WHO-UNICEF and regional governing bodies. Apart from this, ISO (the International Organization for Standardization) also works closely with the IEC (International Electrotechnical Commission) on all matters related to electrotechnical standardization.  The World Health Organization (WHO) has also released specifications regarding the use of oxygen therapy devices due to a lack of oxygen supplies. In the forecast period, strict guidelines issued by both local and global governing bodies may cause companies to retreat from the oxygen-therapy devices market and restrict their growth.

Impact of COVID-19 On the Global Oxygen Therapy Device Market

The COVID-19 pandemic has had a positive impact on the oxygen therapy device. The rise in respiratory-related problems caused by COVID-19 led to an increased need for oxygen therapy, which in turn contributed to the growth of the oxygen therapy devices market during the pandemic. Though hyperbaric oxygen therapy is currently being used off-label to treat COVID -19 pneumonia patients, managing hyperbaric oxygen therapy is proving to be an immense challenge for healthcare experts. Several governments are therefore, initiating several programs aimed at improving oxygen therapy in their administrative areas. Hamad Medical Corporation (HMC), for instance, announced in 2020 that it had joined a group of market leaders that provides emergency and trauma care facilities. The need for oxygen to fight COVID-19 has been growing. Likewise, the growth of oxygen therapy device markets is growing dramatically amid the pandemic.

Global Oxygen Therapy Device – By Product Type

Based on product types, the global oxygen therapy devices market is grouped into Oxygen Source Equipment (Liquid Oxygen Devices, Oxygen Cylinders, Oxygen Concentrators,) and Oxygen Delivery Devices (Oxygen Masks, Nasal Cannulas, Venturi Masks, Non-Rebreather Masks, Bag-Valve Masks, and other oxygen delivery device). The oxygen source equipment is projected to occupy the largest market share during the forecast period due to the increased availability of oxygen utilization in the form of concentrators, compressed gas systems, cylinders, and liquid oxygen. Additionally, the rising incidence of respiratory disorders across the globe and technological developments in the industry are driving this segment's growth.

Oxygen Therapy Device Market Share

Global Oxygen Therapy Device Market- By Portability

In terms of portability, oxygen therapy devices have been classified into standalone devices and portable devices. Standalone oxygen therapy devices held the largest market share in 2021. Because patients are mainly bedridden during treatment, the demand for standalone oxygen therapy devices is growing substantially. However, the portability segment will likely hold the largest market share during the forecast period as the demand for portable devices is also increasing with the rising demand for such devices as they allow patients with COVID-19 to remain move freely.

Global Oxygen Therapy Device Market – By Applications

Based on applications, the global oxygen therapy device market is classified into COPD, asthma, respiratory distress syndrome, pneumonia, and other diseases/disorders, based on applications. The COPD segment accounts for the largest market share and is also the fastest-growing application segment in the market.  Factors such as a rise in the geriatric population and the widespread use of tobacco have increased the prevalence of COPD throughout the world, which is fueling the market for oxygen therapy devices.

Global Oxygen Therapy Device Market – By End-Users

Based on end-users, the oxygen therapy devices market is grouped into hospitals, homecare settings, and others. Among these, the hospital segment holds the largest market share. However, the homecare setting segment is slated to expand at a considerable CAGR during the forecast period, as oxygen therapy devices are effectively used in the homecare setting to provide supplemental oxygen to patients. After the As a result of the COVID-19 pandemic, the demand for OTD in homecare settings has dramatically increased due to fear of getting infected in hospitals.  As a result, people prefer portable OTD, which will result in an increase in the market demand for portable OTDs in the upcoming years.

Global Oxygen Therapy Device Market- Regional Insights

North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa make up the global oxygen therapy device market. North America held the largest market share in 2021 owing to increased research and development trials in the region coupled with the growing prevalence of various types of respiratory disorders amidst the region. However, the Asia-Pacific region is projected to grow at the highest CAGR during the forecast period.  Recently, certain Asian countries, such as India and Japan-China, are seeing positive changes in the OTD market after the COVID-19 pandemic, which is a major driving force in the growth of the market.

Global Oxygen Therapy Device Market - Competitive Landscape

The key players in the oxygen therapy devices market are as follows Invacare Corporation, Chart Industries, Koninklijke, Philips N.V, BD, Smiths Medical, Teleflex Incorporated, Fisher & Paykel Healthcare Limited, Drägerwerk AG & Co., Inogen Inc., Messer Medical, HERSILL, and other prominent players.

Recent Development:

  • In October 2021, Movair launched an advanced ventilator in the US. The Luisa ventilator from Movair available through FDA’s Emergency Use Authorization may help patients with COVID-19, COPD, chronic bronchitis, or bronchiectasis transition to home settings faster.

Scope of the Report:

Attribute

Details

Years Considered

Historical data – 2018-2021

Base Year – 2021

Forecast – 2022 – 2028

Facts Covered

Revenue in USD Million

Market Coverage

United States, Canada, Germany, United Kingdom, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, United Arab Emirates, South Africa

Product/Service Segmentation

By Product Type, By Portability, By Applications, By End-Users, and By Region

Key Players

Invacare Corporation, Chart Industries, Koninklijke, Philips N.V, BD, Smiths Medical, Teleflex Incorporated, Fisher & Paykel Healthcare Limited, Drägerwerk AG & Co., Inogen Inc., Messer Medical, HERSILL, and other prominent players.


By Product Type

  • Oxygen Source Equipment

  1. Oxygen Concentrators

  2. Liquid Oxygen Devices

  3. Oxygen Cylinders

  • Oxygen Delivery Devices

  1. Oxygen Masks

  2. Nasal Cannulas

  3. Venturi Masks

  4. Non-Rebreather Masks

  5. Bag- Valve Masks

  6. Other

By Portability

  • ​​​​​​​Standalone Devices

  • ​​​​​​​Portable Devices

By Application

  • COPD

  • Asthma

  • Cystic Fibrosis

  • Respiratory Distress Syndrome

  • Pneumonia

  • Other

By End-Users​​​​​​​

  • Hospitals

  • Homecare Setting

  • Others

By Region

  • North America

  • Europe

  • Asia-Pacific

  • Latin America

  • Middle East and Africa

 

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation
  3. Executive Summary
  4. Global Oxygen Therapy Devices Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    3. Technological Landscape/Recent Development
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  5. Global Oxygen Therapy Devices Market Overview
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
        1. Oxygen Source Equipment’s
          1. Oxygen Concentrator
          2. Liquid oxygen device
          3. Oxygen cylinders
        2. Oxygen Delivery Devices
          1. Oxygen Masks
          2. Nasal Cannulas
          3. Venture Masks
          4. Non-Rebreather Masks
          5. Bag Valve Masks
          6. Other Devices

 

      1. By Portability
        1. Standalone Device
        2. Portable Device

 

      1. By Applications
        1. COPD
        2. Asthma
        3. Cystic Fibrosis
        4. Respiratory Distress Syndrome
        5. Pneumonia
        6. Other diseases

 

      1. By End Users
        1. Hospitals
        2. Homecare Settings
        3. Others
      2. By Region
        1. North America
        2. Europe
        3. The Asia Pacific
        4. Latin America
        5. The Middle East and Africa
  2. North America Oxygen Therapy Devices Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
      2. By Portability
      3. By Application
      4. By End Users
      5. By Country
        1. United States
        2. Canada
  3. Europe Oxygen Therapy Devices Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
      2. By Portability
      3. By Application
      4. By End Users
      5. By Country
        1. Germany
        2. United Kingdom
        3. Italy
        4. France
        5. Spain
        6. Rest of Europe
  4. The Asia Pacific Oxygen Therapy Devices Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
      2. By Portability
      3. By Application
      4. By End Users
      5. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of Asia Pacific
  5. Latin America Oxygen Therapy Devices Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
      2. By Portability
      3. By Application
      4. By End Users
      5. By Country
        1. Brazil
        2. Mexico
        3. Rest of Latin America
  6. The Middle East & Africa Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product Type
      2. By Portability
      3. By Application
      4. By End Users
      5. By Country
        1. Saudi Arabia
        2. UAE
        3. South Africa
        4. Rest of Middle East & Africa
  7. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Merger, Acquisition, Partnership.)

 

  1. Impact of Covid-19 on Global Oxygen Therapy Devices Market Industry
  2. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
    1. Linde plc
    2. Invacare Corporation
    3. Chart Industries
    4. Koninklijke Philips N.V.
    5. BD
    6. Smith’s Medical
    7. Teleflex Incorporated
    8. Fisher & Paykel Healthcare Limited
    9. Drägerwerk AG & Co.
    10. Inogen Inc.
    11. Messer Medical
    12. HERSILL
    13. GCE Group
    14. Allied Healthcare Products, Inc.
    15. DeVilbiss Healthcare LLC
    16. CAIRE Inc.
    17. Medicop
    18. Essex Industries Inc.
    19. Taiyo Nippon Sanso Corporation
    20. Others.
  3. Key Strategic Recommendations

 

*Financial details of unlisted companies will be available as per data availability in final deliverable.

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

 

List of Figures

 

Figure 1: Global Oxygen Therapy Devices Segmentation

Figure 2: Global Oxygen Therapy Devices Market Value Chain Analysis

Figure 3: Company Market Share Analysis, 2021

Figure 4: Global Oxygen Therapy Devices Market Size, By Value (USD Million), 2018-2028

Figure 5: Global Oxygen Therapy Devices Market Share, By Product Type, By Value, 2018-2028

Figure 6: Global Oxygen Therapy Devices Market Share, By Portability, By Value, 2018-2028

Figure 7: Global Oxygen Therapy Devices Market Share, By Application, By Value, 2018-2028

Figure 8: Global Oxygen Therapy Devices Market Share, By End Users, By Value, 2018-2028

Figure 9: Global Oxygen Therapy Devices Market Share, By Region, By Value, 2018-2028

Figure 10: North America Oxygen Therapy Devices Market Size, By Value (USD Million), 2018-2028

Figure 11: North America Oxygen Therapy Devices Market Share, By Product Type, By Value, 2018-2028

Figure 12: North America Oxygen Therapy Devices Market Share, By Portability, By Value, 2018-2028

Figure 13: North America Oxygen Therapy Devices Market Share, By Application, By Value, 2018-2028

Figure 14: North America Oxygen Therapy Devices Market Share, By End Users, By Value, 2018-2028

Figure 15: North America Oxygen Therapy Devices Market Share, By Country, By Value, 2018-2028

Figure 16: Europe Oxygen Therapy Devices Market Size, By Value (USD Million), 2018-2028

Figure 17: Europe Oxygen Therapy Devices Market Share, By Product Type, By Value, 2018-2028

Figure 18: Europe Oxygen Therapy Devices Market Share, By Portability, By Value, 2018-2028

Figure 19: Europe Oxygen Therapy Devices Market Share, By Application, By Value, 2018-2028

Figure 20: Europe Oxygen Therapy Devices Market Share, By End Users, By Value, 2018-2028

Figure 21: Europe Oxygen Therapy Devices Market Share, By Country, By Value, 2018-2028

Figure 22: The Asia-Pacific Oxygen Therapy Devices Market Size, By Value (USD Million), 2018-2028

Figure 23: The Asia-Pacific Oxygen Therapy Devices Market Share, By Product Type, By Value, 2018-2028

Figure 24: The Asia-Pacific Oxygen Therapy Devices Market Share, By Portability, By Value, 2018-2028

Figure 25: The Asia-Pacific Oxygen Therapy Devices Market Share, By Application, By Value, 2018-2028

Figure 26: The Asia-Pacific Oxygen Therapy Devices Market Share, By End Users, By Value, 2018-2028

Figure 27: The Asia-Pacific Oxygen Therapy Devices Market Share, By Country, By Value, 2018-2028

Figure 28: Latin America Oxygen Therapy Devices Market Size, By Value (USD Million), 2018-2028

Figure 29: Latin America Oxygen Therapy Devices Market Share, By Product Type, By Value, 2018-2028

Figure 30: Latin America Oxygen Therapy Devices Market Share, By Portability, By Value, 2018-2028

Figure 31: Latin America Oxygen Therapy Devices Market Share, By Application, By Value, 2018-2028

Figure 32: Latin America Oxygen Therapy Devices Market Share, By End Users, By Value, 2018-2028

Figure 33: Latin America Oxygen Therapy Devices Market Share, By Country, By Value, 2018-2028

Figure 34: The Middle East & Africa Oxygen Therapy Devices Market Size, By Value (USD Million), 2018-2028

Figure 35: The Middle East & Africa Oxygen Therapy Devices Market Share, By Product Type, By Value, 2018-2028

Figure 36: The Middle East & Africa Oxygen Therapy Devices Market Share, By Portability, By Value, 2018-2028

Figure 37: The Middle East & Africa Oxygen Therapy Devices Market Share, By Application, By Value, 2018-2028

Figure 38: The Middle East & Africa Oxygen Therapy Devices Market Share, By End Users, By Value, 2018-2028

Figure 39: The Middle East & Africa Oxygen Therapy Devices Market Share, By Country, By Value, 2018-2028

 

List of Tables

 

Table 1: Global Oxygen Therapy Devices Market Size, By Product Type, By Value, 2018-2028

Table 2: Global Oxygen Therapy Devices Market Size, By Portability, By Value, 2018-2028

Table 3: Global Oxygen Therapy Devices Market Size, By Application, By Value, 2018-2028

Table 4: Global Oxygen Therapy Devices Market Size, By End Users, By Value, 2018-2028

Table 5: Global Oxygen Therapy Devices Market Size, By Region, By Value, 2018-2028

Table 6: North America Oxygen Therapy Devices Market Size, By Product Type, By Value, 2018-2028

Table 7: North America Oxygen Therapy Devices Market Size, By Portability, By Value, 2018-2028

Table 8: North America Oxygen Therapy Devices Market Size, By Application, By Value, 2018-2028

Table 9: North America Oxygen Therapy Devices Market Size, By End Users, By Value, 2018-2028

Table 10: North America Oxygen Therapy Devices Market Size, By Country, By Value, 2018-2028

Table 11: Europe Oxygen Therapy Devices Market Size, By Product Type, By Value, 2018-2028

Table 12: Europe Oxygen Therapy Devices Market Size, By Portability, By Value, 2018-2028

Table 13: Europe Oxygen Therapy Devices Market Size, By Application, By Value, 2018-2028

Table 14: Europe Oxygen Therapy Devices Market Size, By End Users, By Value, 2018-2028

Table 15: Europe Oxygen Therapy Devices Market Size, By Country, By Value, 2018-2028

Table 16: The Asia-Pacific Oxygen Therapy Devices Market Size, By Product Type, By Value, 2018-2028

Table 17: The Asia-Pacific Oxygen Therapy Devices Market Size, By Portability, By Value, 2018-2028

Table 18: The Asia-Pacific Oxygen Therapy Devices Market Size, By Application, By Value, 2018-2028

Table 19: The Asia-Pacific Oxygen Therapy Devices Market Size, By End Users, By Value, 2018-2028

Table 20: The Asia-Pacific Oxygen Therapy Devices Market Size, By Country, By Value, 2018-2028

Table 21: Latin America Oxygen Therapy Devices Market Size, By Product Type, By Value, 2018-2028

Table 22: Latin America Oxygen Therapy Devices Market Size, By Portability, By Value, 2018-2028

Table 23: Latin America Oxygen Therapy Devices Market Size, By Application, By Value, 2018-2028

Table 24: Latin America Oxygen Therapy Devices Market Size, By End Users, By Value, 2018-2028

Table 25: Latin America Oxygen Therapy Devices Market Size, By Country, By Value, 2018-2028

Table 26: The Middle East & Africa Oxygen Therapy Devices Market Size, By Product Type, By Value, 2018-2028

Table 27: The Middle East & Africa Oxygen Therapy Devices Market Size, By Portability, By Value, 2018-2028

Table 28: The Middle East & Africa Oxygen Therapy Devices Market Size, By Application, By Value, 2018-2028

Table 29: The Middle East & Africa Oxygen Therapy Devices Market Size, By End Users, By Value, 2018-2028

Table 30: The Middle East & Africa Oxygen Therapy Devices Market Size, By Country, By Value, 2018-2028

Table 31: Linde plc Company Overview

Table 32: Linde plc Financial Overview

Table 33: Invacare Corporation Company Overview

Table 34: Invacare Corporation Financial Overview

Table 35: Koninklijke Philips N.V. Company Overview

Table 36: Koninklijke Philips N.V. Financial Overview

Table 37: BD Company Overview

Table 38: BD Financial Overview

Table 39: Teleflex Incorporated Company Overview

Table 40: Teleflex Incorporated Financial Overview

Table 41: Drägerwerk AG & Co. Company Overview

Table 42: Drägerwerk AG & Co. Financial Overview

Table 43: Inogen Inc. Company Overview

Table 44: Inogen Inc. Financial Overview

Table 45: Messer Medical Company Overview

Table 46: Messer Medical Financial Overview

Table 47: HERSILL Company Overview

Table 48: HERSILL Financial Overview

Table 49: GCE Group Company Overview

Table 50: GCE Group Financial Overview

Table 51: Allied Healthcare Products, Inc. Company Overview

Table 52: Allied Healthcare Products, Inc. Financial Overview

Table 53: DeVilbiss Healthcare LLC Company Overview

Table 54: DeVilbiss Healthcare LLC Financial Overview

Table 55: CAIRE Inc. Company Overview

Table 56: CAIRE Inc. Financial Overview

Table 57: Medicop Company Overview

Table 58: Medicop Financial Overview

Table 59: Essex Industries Inc. Company Overview

Table 60: Essex Industries Inc. Financial Overview

Market Segmentation

By Product Type

  • Oxygen Source Equipment

  1. Oxygen Concentrators

  2. Liquid Oxygen Devices

  3. Oxygen Cylinders

  • Oxygen Delivery Devices

  1. Oxygen Masks

  2. Nasal Cannulas

  3. Venturi Masks

  4. Non-Rebreather Masks

  5. Bag- Valve Masks

  6. Other

By Portability

  • ​​​​​​​Standalone Devices

  • ​​​​​​​Portable Devices

By Application

  • COPD

  • Asthma

  • Cystic Fibrosis

  • Respiratory Distress Syndrome

  • Pneumonia

  • Other

By End-Users​​​​​​​

  • Hospitals

  • Homecare Setting

  • Others

By Region

  • North America

  • Europe

  • Asia-Pacific

  • Latin America

  • Middle East and Africa

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Frequently Asked Questions (FAQs):

Ans: The global oxygen therapy device market reached USD 9,423.4 million in 2021.
Ans: The global oxygen therapy device market's growth is attributed to the growing geriatric population and breathing sicknesses amongst humans.
Ans: The key players dominating the oxygen therapy devices market are as follows: Invacare Corporation, Chart Industries, Koninklijke, Philips N.V, BD, Smiths Medical, Teleflex Incorporated, Fisher & Paykel Healthcare Limited, Drägerwerk AG & Co., Inogen Inc., Messer Medical, HERSILL, and other prominent players.
Ans: The hospital segment accounted for the largest share in the global oxygen therapy device market.
Ans: Asia-Pacific region is growing at a higher rate in the global oxygen therapy device market.