India Oxygen Therapy Market Size & Outlook, 2022-2030
India oxygen therapy market, 2018-2030 (US$M)
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India oxygen therapy market highlights
- The India oxygen therapy market generated a revenue of USD 2,021.0 million in 2022 and is expected to reach USD 3,593.2 million by 2030.
- The India market is expected to grow at a CAGR of 7.5% from 2023 to 2030.
- In terms of segment, oxygen delivery devices 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 2,021.0 million |
| Market revenue in 2030 | USD 3,593.2 million |
| Growth rate | 7.5% (CAGR from 2022 to 2030) |
| Largest segment | Oxygen delivery devices |
| 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, India accounted for 5.9% 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 Asia Pacific, China oxygen therapy market is projected to lead the regional market in terms of revenue in 2030.
- Singapore is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,773.5 million by 2030.
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Oxygen Therapy Market Scope
Oxygen Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 delivery devices was the largest segment with a revenue share of 53.11% in 2022. Horizon Databook has segmented the India oxygen therapy market based on oxygen source equipment, oxygen delivery devices covering the revenue growth of each sub-segment from 2018 to 2030.
The India oxygen therapy market is anticipated to grow exponentially during the forecast period. Due to the second wave of COVID-19 infections in India, the number of active cases has increased. Following mutation in COVID-19, the demand for oxygen therapy systems in the country significantly increased, and oxygen concentrators have been in continuous demand across the nation.
The product was less commonly utilized before the COVID-19 outbreak because of its high initial purchase price. The demand for oxygen concentrators is quickly increasing when compared to oxygen cylinders, due to its significant shortage in the country, which is expected to drive market growth.
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Our clientele includes a mix of oxygen therapy market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the India oxygen therapy market , including forecasts for subscribers. This country databook contains high-level insights into India oxygen therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India oxygen therapy market size, by product, 2018-2030 (US$M)
India Oxygen Therapy Market Outlook Share, 2022 & 2030 (US$M)
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