Mexico Oxygen Therapy Market Size & Outlook, 2022-2030
Mexico oxygen therapy market, 2018-2030 (US$M)
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Mexico oxygen therapy market highlights
- The Mexico oxygen therapy market generated a revenue of USD 517.6 million in 2022 and is expected to reach USD 788.7 million by 2030.
- The Mexico market is expected to grow at a CAGR of 5.4% 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 517.6 million |
| Market revenue in 2030 | USD 788.7 million |
| Growth rate | 5.4% (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, Mexico accounted for 1.5% 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 Latin America, Brazil oxygen therapy market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 565.2 million by 2030.
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Oxygen Therapy Market Scope
Oxygen Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 52.9% in 2022. Horizon Databook has segmented the Mexico oxygen therapy market based on oxygen source equipment, oxygen delivery devices covering the revenue growth of each sub-segment from 2018 to 2030.
The high market growth of this country can be attributed to various factors such as technological advancements in oxygen therapy systems, increasing prevalence of respiratory diseases, and increasing home care setting applications. For instance, according to WHO data published in 2020.
there were 29,123 or 4.72% reported deaths due to lung disease in Mexico. In addition, deaths caused by asthma accounted for 1,342 or 0.22% of total deaths in 2020. Hence, the high prevalence of severe asthma in this country is expected to drive growth of the market.
Furthermore, the Mexico oxygen therapy market is dominated by major players such as Philips Healthcare; ResMed Inc.; DeVilbiss Healthcare; Dragerwerk AG & Co. KGaA; Inogen, Inc.; Invacare Corporation; Teijin Limited; and Fisher & Paykel Healthcare. The key players are focusing on launching a new product by partnering with or acquiring smaller companies.
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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 Mexico oxygen therapy market , including forecasts for subscribers. This country databook contains high-level insights into Mexico oxygen therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico oxygen therapy market size, by product, 2018-2030 (US$M)
Mexico Oxygen Therapy Market Outlook Share, 2022 & 2030 (US$M)
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