Latin America Oxygen Therapy Market Size & Outlook
Latin America oxygen therapy market, 2018-2030 (US$M)
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Latin America oxygen therapy market highlights
- The Latin America oxygen therapy market generated a revenue of USD 2,997.6 million in 2022.
- The market is expected to grow at a CAGR of 4.1% 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.
- Country-wise, Argentina is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 2,997.6 million |
| Market revenue in 2030 | USD 4,144.2 million |
| Growth rate | 4.1% (CAGR from 2022 to 2030) |
| Largest segment | Oxygen delivery devices |
| Fastest growing segment | Oxygen Delivery Devices |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Latin America region accounted for 8.7% of the global oxygen therapy market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 17,990.1 million by 2030.
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Oxygen Therapy Market Scope
Oxygen Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 51.04% in 2022. Horizon Databook has segmented the Latin America oxygen therapy market based on oxygen source equipment, oxygen delivery devices covering the revenue growth of each sub-segment from 2018 to 2030.
The rising number of heart and stroke patients, combined with an increase in the number of asthma patients globally, is leading to an increase in demand for oxygen therapy systems in the region, which is expected to provide considerable opportunities for potential market players.
In addition, COPD is the most common disease among the elderly, and most people by the age of 40 at least show symptoms of the disease. For instance, according to a 2018 National Health Survey, asthma affected more than 6 million people in Brazil.
Moreover, according to Brazilian Statistical Institute in 2021, people aged 65 & above make up 9.9% of the population, and this percentage is growing at an annual rate of 2.15%. The aforementioned factors can be attributed to the growth of the market.
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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 continent-level data and insights on the Latin America oxygen therapy market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America oxygen therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America oxygen therapy market size, by country, 2018-2030 (US$M)
Latin America Oxygen Therapy Market Outlook Share, 2022 & 2030 (US$M)
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