South Korea Oxygen Therapy Market Size & Outlook
South Korea oxygen therapy market, 2018-2030 (US$M)
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South Korea oxygen therapy market highlights
- The South Korea oxygen therapy market generated a revenue of USD 1,103.8 million in 2022 and is expected to reach USD 1,895.4 million by 2030.
- The South Korea market is expected to grow at a CAGR of 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.
Oxygen therapy market data book summary
| Market revenue in 2022 | USD 1,103.8 million |
| Market revenue in 2030 | USD 1,895.4 million |
| Growth rate | 7% (CAGR from 2022 to 2030) |
| Largest segment | Oxygen source equipment |
| 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 Korea accounted for 3.2% 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 |
|---|
South Korea 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 55.45% in 2022. Horizon Databook has segmented the South Korea oxygen therapy market based on oxygen source equipment, oxygen delivery devices covering the revenue growth of each sub-segment from 2018 to 2030.
The population of South Korea has benefited from new and more effective technologies as a result of the rapid advancements in portable oxygen therapy. Due to the high prevalence of respiratory diseases in the country, there is always a significant demand for ventilators and other oxygen therapy devices.
The prevalence of chronic obstructive pulmonary disease is relatively high in South Korea. According to statistics from the Fourth Korean National Health and Nutrition Survey, 13.4% of people under the age of 40 have COPD.
Furthermore, the growing prevalence of respiratory disorders, such as TB, sleep apnea, asthma, COPD, and respiratory tract infections, is expected to fuel market growth. For instance, according to WHO data published in 2020, asthma deaths in South Korea .
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Target buyers of South Korea oxygen therapy market databook
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Our clientele includes a mix of oxygen therapy market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea oxygen therapy market , including forecasts for subscribers. This country databook contains high-level insights into South Korea oxygen therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea oxygen therapy market size, by product, 2018-2030 (US$M)
South Korea Oxygen Therapy Market Outlook Share, 2022 & 2030 (US$M)
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