South Africa Oxygen Therapy Market Size & Outlook
South Africa oxygen therapy market, 2018-2030 (US$M)
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South Africa oxygen therapy market highlights
- The South Africa oxygen therapy market generated a revenue of USD 389.4 million in 2022 and is expected to reach USD 568.8 million by 2030.
- The South Africa market is expected to grow at a CAGR of 4.8% 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 389.4 million |
| Market revenue in 2030 | USD 568.8 million |
| Growth rate | 4.8% (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, South Africa accounted for 1.1% 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 Middle East & Africa, South Africa oxygen therapy market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 568.8 million by 2030.
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Oxygen Therapy Market Scope
Oxygen Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa 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 58.27% in 2022. Horizon Databook has segmented the South Africa oxygen therapy market based on oxygen source equipment, oxygen delivery devices covering the revenue growth of each sub-segment from 2018 to 2030.
The growing burden of respiratory diseases like COPD & asthma and rising government initiatives are expected to fuel market growth in this country. Moreover, as per WHO data published in 2020, asthma deaths in South Africa accounted for 5,966 and lung disease-related deaths accounted for 11,895 of total deaths.
This is due to the increasing adoption of urban lifestyle, combined with few conditions such as exposure to industrial pollution, obesity, and tobacco smoking. The growing burden of these factors in South Africa is expected to positively impact the oxygen therapy market during the forecast period.
Furthermore, owing to the COVID-19 pandemic, the market for oxygen cylinders and ventilators is expected to experience a significant demand in a short time. According to WHO, in South Africa, from 2020 to 2022.
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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 South Africa oxygen therapy market , including forecasts for subscribers. This country databook contains high-level insights into South Africa oxygen therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa oxygen therapy market size, by product, 2018-2030 (US$M)
South Africa Oxygen Therapy Market Outlook Share, 2022 & 2030 (US$M)
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