U.S. Oxygen Therapy Market Size & Outlook, 2022-2030
U.S. oxygen therapy market, 2018-2030 (US$M)
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U.S. oxygen therapy market highlights
- The U.S. oxygen therapy market generated a revenue of USD 9,208.3 million in 2022 and is expected to reach USD 14,063.1 million by 2030.
- The U.S. market is expected to grow at a CAGR of 5.4% 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 9,208.3 million |
| Market revenue in 2030 | USD 14,063.1 million |
| Growth rate | 5.4% (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, U.S. accounted for 26.7% 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 North America, U.S. oxygen therapy market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 2,994.5 million by 2030.
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Oxygen Therapy Market Scope
Oxygen Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 73.58% in 2022. Horizon Databook has segmented the U.S. oxygen therapy market based on oxygen source equipment, oxygen delivery devices covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. constituted a substantial share of the North America oxygen therapy market owing to increased demand for oxygen therapy due to the COVID-19 pandemic and a rise in the number of patients who were advised home isolation.
The U.S. FDA has issued an emergency use directive for portable oxygen cylinders. Owing to this, numerous market players in the medical devices industry have pushed manufacturers of U.S. oxygen therapy systems to increase the production of oxygen cylinders to meet rising demand.
Besides, key market players are focusing on strategies to improve their market penetration. For instance, in April 2022, CAIRE Inc. entered Brazil to expand its oxygen portfolio with the Companion 5 and New Life Intensity 10-liter stationary oxygen concentrators.
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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 U.S. oxygen therapy market , including forecasts for subscribers. This country databook contains high-level insights into U.S. oxygen therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. oxygen therapy market size, by product, 2018-2030 (US$M)
U.S. Oxygen Therapy Market Outlook Share, 2022 & 2030 (US$M)
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