Oxygen Therapy Equipment Market - Growth, Trends, and Forecast (2019 - 2024)

The market is segmented by product, application (Asthma, Obstructive Sleep Apnea, Chronic Obstructive Pulmonary Disorder (COPD), Respiratory Distress Syndrome, and Others), end user, and geography

Market Snapshot

Oxygen Therapy Equipment Market 1
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

11.2%

Key Players:

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Market Overview

The major factors for the growth of the oxygen therapy equipment market include the increase in tobacco smoking and the rising prevalence of respiratory diseases and technological advancement in oxygen therapy.

The increasing prevalence of respiratory diseases is the major factor expected to drive the overall growth of the market over the forecast period. As per the data published by the World Health Organization (WHO), the Global Burden of Disease Study reports a prevalence of 251 million cases of Chronic Obstructive Pulmonary Disease (COPD) globally in 2016. The cases of COPD is likely to increase globally owing to the higher smoking prevalence and aging populations in many countries.

Furthermore, as per the estimates of the American Academy of Allergy, Asthma & Immunology, in 2016, around 8.3% of children in the United States had asthma. It is the most common chronic disease in children. The major risk factor for most of the respiratory diseases is smoking. In 2016, more than 15 of every 100 US adults aged 18 years or older smoked cigarettes as per the estimates of Centre for Disease Control and Prevention (CDC). Thus, owing to the rising prevalence of respiratory diseases the market is expected to witness huge demand over the forecast period.

Scope of the Report

As per the scope of this report, oxygen therapy equipment includes oxygen source equipment and oxygen delivery devices. These devices are used in the treatment of various respiratory diseases. The market is segmented by product, application, end user, and geography

By Product
Oxygen Source Equipment
Oxygen Cylinders
Oxygen Concentrators
Liquid Oxygen Devices
Others
Oxygen Delivery Devices
Oxygen Masks
Nasal Cannula
Venturi Masks
Non-rebreather Masks
Others
By Application
Asthma
Obstructive Sleep Apnea
Chronic Obstructive Pulmonary Disorder (COPD)
Respiratory Distress Syndrome
Others
By End User
Hospitals
Home Healthcare
Ambulatory Surgical Centers
Others
Geography
North America
US
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Chronic Obstructive Pulmonary Disorder (COPD) is the Segment by Application expected to hold Largest Market Share over the Forecast Period

Chronic respiratory diseases affect the airways and other parts of the lungs for a long duration of the period. Respiratory symptoms are among the major causes of consultation with doctors and physicians in primary health care centers. Chronic respiratory diseases affect more than 1 billion people, globally, as per the Global Asthma report, 2018. COPD, with tobacco smoking as its root cause, has affected a significant part of the world population, as per the WHO. Furthermore, according to a 2017 publication in The Lancet Respiratory Medicine, in 2015, an estimated 3.2 people died from COPD, globally. If the patient has low levels of oxygen owing to COPD in blood then long-term oxygen therapy is used. Thus, the rising prevalence of COPD is expected to create huge demand for oxygen therapy equipments resulting in high growth of the market.

Oxygen Therapy Equipment Market 2

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North America is Expected to Hold Largest Market Share over the Forecast Period

The United States is expected to be the largest oxygen therapy equipment market owing to the rising prevalence of respiratory diseases and the presence of better healthcare infrastructure. Also, there is a rise in per capita health expenditure in the country which is expected to increase over the forecast period owing to the decrease in the unemployment rate. The major risk factor for most of the respiratory diseases is smoking. In 2016, more than 15 of every 100 US adults aged 18 years or older smoked cigarettes as per the estimates of the Centre for Disease Control and Prevention (CDC). The cases of COPD is likely to increase in the United States owing to the higher smoking prevalence and aging populations in the country. Over the last decades, there have been significant advances in oxygen concentrator design and functionality. The newer generation of portable oxygen concentrators is designed to be lightweight, quiet, and energy-efficient. Owing to associated advantages of compact size, lower cost, and convenience to carry, the use of portable oxygen contractors have been growing rapidly. Thus, owing to the all above mentioned factors the market is expected to witness high growth.

Oxygen Therapy Equipment Market 3

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Competitive Landscape

The market studied is a consolidated market owing to the presence of few major market players. Some of the market players are Allied Healthcare Products, Inc., CAIRE Inc., DeVilbiss Healthcare, Fisher & Paykel Healthcare Limited, Hersill, Invacare Corporation, Koninklijke Philips N.V., Smiths Medical, TECNO-GAZ SpA, and Teleflex Incorporated

Major Players

  1. DeVilbiss Healthcare
  2. Hersill
  3. Invacare Corporation
  4. Koninklijke Philips N.V.,
  5. TECNO-GAZ SpA

* Complete list of players covered available in the table of contents below

Oxygen Therapy Equipment Market 4

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increase in Tobacco Smoking and Rising Prevalence of Respiratory Diseases

      2. 4.2.2 Technological Advancement in Oxygen Therapy

    3. 4.3 Market Restraints

      1. 4.3.1 Stringent Regulatory Guidelines

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Oxygen Source Equipment

        1. 5.1.1.1 Oxygen Cylinders

        2. 5.1.1.2 Oxygen Concentrators

        3. 5.1.1.3 Liquid Oxygen Devices

        4. 5.1.1.4 Others

      2. 5.1.2 Oxygen Delivery Devices

        1. 5.1.2.1 Oxygen Masks

        2. 5.1.2.2 Nasal Cannula

        3. 5.1.2.3 Venturi Masks

        4. 5.1.2.4 Non-rebreather Masks

        5. 5.1.2.5 Others

    2. 5.2 By Application

      1. 5.2.1 Asthma

      2. 5.2.2 Obstructive Sleep Apnea

      3. 5.2.3 Chronic Obstructive Pulmonary Disorder (COPD)

      4. 5.2.4 Respiratory Distress Syndrome

      5. 5.2.5 Others

    3. 5.3 By End User

      1. 5.3.1 Hospitals

      2. 5.3.2 Home Healthcare

      3. 5.3.3 Ambulatory Surgical Centers

      4. 5.3.4 Others

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 US

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 UK

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Allied Healthcare Products, Inc.

      2. 6.1.2 CAIRE Inc.

      3. 6.1.3 DeVilbiss Healthcare

      4. 6.1.4 Fisher & Paykel Healthcare Limited

      5. 6.1.5 Hersill

      6. 6.1.6 Invacare Corporation

      7. 6.1.7 Koninklijke Philips N.V.,

      8. 6.1.8 Smiths Medical

      9. 6.1.9 TECNO-GAZ SpA

      10. 6.1.10 Teleflex Incorporated

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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