Spain Oxygen Therapy Market Size & Outlook, 2022-2030
Spain oxygen therapy market, 2018-2030 (US$M)
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Spain oxygen therapy market highlights
- The Spain oxygen therapy market generated a revenue of USD 784.0 million in 2022 and is expected to reach USD 1,170.7 million by 2030.
- The Spain market is expected to grow at a CAGR of 5.1% 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 784.0 million |
| Market revenue in 2030 | USD 1,170.7 million |
| Growth rate | 5.1% (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, Spain accounted for 2.3% 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 Europe, Germany oxygen therapy market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 2,719.8 million by 2030.
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Oxygen Therapy Market Scope
Oxygen Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain 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 69.57% in 2022. Horizon Databook has segmented the Spain oxygen therapy market based on oxygen source equipment, oxygen delivery devices covering the revenue growth of each sub-segment from 2018 to 2030.
In Spain, the market for oxygen therapy has been growing primarily as a result of rising incidence of respiratory diseases like Tuberculosis (TB), asthma, and sleep apnea. According to a study by C. Cisneros, which was published in the Journal of Asthma and Allergy in 2017.
There are more than 3 million people with asthma in Spain, with prevalence rates for adults & children estimated to be 5% & 10%, respectively. The demand for oxygen therapy in Spain has increased, which is expected to fuel the market growth in this country.
Furthermore, Acute Respiratory Distress Syndrome (ARDS) is one of the main complications presented by COVID-19. This leads to a shortage of oxygen cylinders and ventilators, as well as related equipment.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain oxygen therapy market , including forecasts for subscribers. This country databook contains high-level insights into Spain oxygen therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain oxygen therapy market size, by product, 2018-2030 (US$M)
Spain Oxygen Therapy Market Outlook Share, 2022 & 2030 (US$M)
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