Canada Oxygen Therapy Market Size & Outlook, 2022-2030
Canada oxygen therapy market, 2018-2030 (US$M)
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Canada oxygen therapy market highlights
- The Canada oxygen therapy market generated a revenue of USD 1,698.3 million in 2022 and is expected to reach USD 2,994.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 7.3% from 2023 to 2030.
- In terms of segment, oxygen source equipment was the largest revenue generating product in 2022.
- Oxygen Delivery Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Oxygen therapy market data book summary
| Market revenue in 2022 | USD 1,698.3 million |
| Market revenue in 2030 | USD 2,994.5 million |
| Growth rate | 7.3% (CAGR from 2022 to 2030) |
| Largest segment | Oxygen source equipment |
| Fastest growing segment | Oxygen Delivery Devices |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oxygen Source Equipment, Oxygen Delivery Devices |
| Key market players worldwide | GE HealthCare Technologies Inc Common Stock, Inogen Inc, Smiths Group PLC, Fisher & Paykel Healthcare Corp Ltd, Koninklijke Philips NV, Allied Healthcare Products Inc, Teleflex Inc, Chart Industries Inc, Draegerwerk AG & Co KGaA, Niterra Co Ltd, Invacare, Hersill, DeVilbiss Healthcare, Tecno-Gaz |
Other key industry trends
- In terms of revenue, Canada accounted for 4.9% of the global oxygen therapy market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. oxygen therapy market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 2,994.5 million by 2030.
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Oxygen Therapy Market Scope
Oxygen Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada oxygen therapy market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to oxygen therapy market will help companies and investors design strategic landscapes.
Oxygen source equipment was the largest segment with a revenue share of 77.07% in 2022. Horizon Databook has segmented the Canada oxygen therapy market based on oxygen source equipment, oxygen delivery devices covering the revenue growth of each sub-segment from 2018 to 2030.
The Canada oxygen therapy market is expected to witness the fastest growth over the forecast period. Canada has a substantial number of healthcare facilities utilizing oxygen concentrators as a primary source of oxygen supply, which is expected to drive growth of this market.
Hence, increasing government investment in oxygen therapy systems is contributing to the growth of Canada. The partnership between the Canadian government and Grand Challenges Canada (GCC) transformed low- & middle-income countries by supplying high-quality medical oxygen cylinders.
For instance, GCC has received funds from the Canadian government to support Hewatele Limited, a Kenyan social enterprise. This funding from the Canadian government helps Hewatele Limited produce cost-effective medical oxygen and deliver it to 185 healthcare facilities across Kenya.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada oxygen therapy market , including forecasts for subscribers. This country databook contains high-level insights into Canada oxygen therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada oxygen therapy market size, by product, 2018-2030 (US$M)
Canada Oxygen Therapy Market Outlook Share, 2022 & 2030 (US$M)
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