North America Oxygen Therapy Market Size & Outlook
North America oxygen therapy market, 2018-2030 (US$M)
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North America oxygen therapy market highlights
- The North America oxygen therapy market generated a revenue of USD 10,906.6 million in 2022.
- The market is expected to grow at a CAGR of 5.7% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 10,906.6 million |
| Market revenue in 2030 | USD 17,057.6 million |
| Growth rate | 5.7% (CAGR from 2022 to 2030) |
| Largest segment | Oxygen source equipment |
| 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, North America region accounted for 31.6% 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 |
|---|
North 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 source equipment was the largest segment with a revenue share of 74.13% in 2022. Horizon Databook has segmented the North America oxygen therapy market based on oxygen source equipment, oxygen delivery devices covering the revenue growth of each sub-segment from 2018 to 2030.
North America has dominated the market due to advanced healthcare infrastructure and high investment in R&D. The growth of this region can also be attributed to the availability of latest technologies and product launches.
Some of the market leaders in North America are GE Healthcare; Inogen, Inc.; and CAIRE Inc. Over the past few years, from 2019 to 2021, North America saw a massive rise in COVID-19 cases. It has been demonstrated that oxygen therapy systems.
notably oxygen concentrators, can be installed at home and in environments where oxygen cylinders are scarce. Many hospitals have witnessed a shortage of oxygen cylinders, which is why some of the market players are taking major initiatives.
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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 North America oxygen therapy market , including forecasts for subscribers. This continent databook contains high-level insights into North America oxygen therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America oxygen therapy market size, by country, 2018-2030 (US$M)
North America Oxygen Therapy Market Outlook Share, 2022 & 2030 (US$M)
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