United States oxygen therapy equipment market are anticipated to show a robust growth in the upcoming five years, 2023-2027. the market growth can be attributed to increasing number of the patients suffering from the pulmonary diseases and chronic diseases. Moreover, the rising number of geriatric populations is also responsible for the substantial growth of the United States oxygen therapy equipment market in the upcoming five years.
Susceptibility of the geriatric population toward chronic diseases and heart problems is extremely high due to various factors along with weakened immunity. Therefore, they are major cause of the surge in the demand of the oxygen therapy equipment in the forthcoming forecast period until 2027. Furthermore, advanced technology and modern medicine has made it possible for the various medical device to sustain and prolong the patient health with medical devices like oxygen therapy equipment which is major factor driving the market growth.
Oxygen therapy equipment are the medical devices and tools that are involved in the collection, extraction, storage, as well as the delivery process of the oxygen. The oxygen therapy is often given to the patients who are suffering from pulmonary failure, lung diseases and heart issues, basically the patients who are incapable to derive (or breathe in) the oxygen from the air and utilize it.
The equipment is often expensive and require proper handling. Though, the recent pandemic scenario saw global population struggling with the availability of the oxygen therapy equipment, mostly in the developing countries. United States has played a vital role in providing with the equipment to the developing countries like India, China and therefore the market growth is expected to rise in upcoming years too.
The United States oxygen therapy equipment market segmentation is based on, product type, application, mobility, end users, regional distribution, and competitional landscape. Based on product type, the market is further segmented into oxygen source equipment and oxygen delivery devices. Oxygen source equipment are the medical devices that help in the extraction and accumulation of the oxygen from the air or from other sources, these include, oxygen cylinders, oxygen concentrators, liquid oxygen devices, and others.
Oxygen source equipment are anticipated to hold the larger shares of the market due to their efficiency of concentrating and storing the oxygen that is widely in demand due to increasing number of chronic diseases suffering patients. Furthermore, oxygen delivery devices are expected to register the fastest growing CAGR in the next five years due to the recent pandemic that claimed many lives and patients being treated from the COVID-19 virus require all the oxygen delivery devices. Rising number of patients is driving the growth of the market segment oxygen delivery devices, the subsegment was further categorized into oxygen masks, nasal cannula, venturi masks, non-breather masks, and others.
A partial list of market player in the United States oxygen therapy equipment market includes, Philips Healthcare (USA), Invacare Corporation, Inogen Inc., Fisher & Paykel Healthcare, Inc., GE Healthcare, Allied Healthcare Products, Inc., Smith’s Medical, Inc., DeVilbiss Healthcare LLC, Dräger, Inc., Teleflex Incorporated, among others. These market players hold larger shares of the market than the new market players.
With the advancement of the technology, it is appropriate to say that the effective research and development of the technologically advanced medical devices would support the market growth and benefit the market players as well as the consumers. New market players may focus on the research and development to provide devices that satisfies the consumer demand as well as benefits the market players in building their brand value. Other competitive strategies include mergers & acquisitions and new product developments.
Objective of the Study
- To analyze the historical growth of the market size of United States oxygen therapy equipment market from 2017 to 2020.
- To estimate and forecast the market size of United States oxygen therapy equipment market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast United States oxygen therapy equipment market based on product type, mobility, application, end user, competitional landscape, and regional distribution.
- To identify dominant region or segment in the United States oxygen therapy equipment market.
- To identify drivers and challenges for United States oxygen therapy equipment market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in United States oxygen therapy equipment market.
- To identify and analyze the profile of leading players operating in United States oxygen therapy equipment market.
- To identify key sustainable strategies adopted by market players in United States oxygen therapy equipment market.
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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of manufacturers, suppliers, and service providers across the country. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufactures which could not be identified due to the limitations of secondary research. Market insights research analyzed the manufactures, distribution channels and presence of all major players across the country.
Market insights research calculated the market size of United States
Key Target Audience
- Oxygen therapy equipment manufacturers, end users, and other stakeholders
- Distributers and suppliers of the products and other stakeholders
- Organizations, forums, and alliances related to oxygen therapy equipment
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2021 |
| Historical Years | 2017 – 2020 |
| Estimated Year | 2022E |
| Forecast Period | 2023F – 2027F |
| Quantitative Units | Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | - Product Type
- Mobility
- Application
- End User
|
| Region Scope | South-Region, West-Region, Mid-West Region & Northeast-Region |
| Key Companies Profiled | Philips Healthcare (USA), Invacare Corporation, Inogen Inc., Fisher & Paykel Healthcare, Inc., GE Healthcare, Allied Healthcare Products, Inc., Smith’s Medical, Inc., DeVilbiss Healthcare LLC, Dräger, Inc., Teleflex Incorporated. |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to regional & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
