North America Oxygen Therapy Market Size & Outlook
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North America oxygen therapy market highlights
- The North America oxygen therapy market generated a revenue of USD 10,906.6 million in 2022.
- The market is expected to grow at a CAGR of 5.7% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 10,906.6 million |
| Market revenue in 2030 | USD 17,057.6 million |
| Growth rate | 5.7% (CAGR from 2022 to 2030) |
| Largest segment | Oxygen source equipment |
| Fastest growing segment | Oxygen Delivery Devices |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, North America region accounted for 31.6% of the global oxygen therapy market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 17,990.1 million by 2030.
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Oxygen Therapy Market Scope
Oxygen Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Tecno-Gaz | View profile | 11-50 | Sala Baganza, Emilia-Romagna, Italy, Europe | https://www.tecnogaz.com/tecnogaz/welcome.aspx |
| DeVilbiss Healthcare | View profile | 251-500 | Somerset, Pennsylvania, United States, North America | http://www.devilbisshealthcare.com/ |
| Hersill | View profile | 11-50 | Móstoles, Madrid, Spain, Europe | https://www.hersill.com |
| Invacare | View profile | 1001-5000 | Elyria, Ohio, United States, North America | https://global.invacare.com |
| Allied Healthcare Products Inc | View profile | 146 | 1720 Sublette Avenue, Saint Louis, MO, United States, 63110 | https://www.alliedhpi.com |
| Inogen Inc | View profile | 834 | 859 Ward Drive, Goleta, CA, United States, 93111 | https://www.inogen.com |
| Draegerwerk AG & Co KGaA | View profile | 16476 | Moislinger Allee 53–55, Lubeck, Germany, 23542 | https://www.draeger.com |
| Chart Industries Inc | View profile | 11637 | 2200 Airport Industrial Drive, Suite 100, Ball Ground, GA, United States, 30107 | https://www.chartindustries.com |
| Smiths Group PLC | View profile | 15000 | 11-12 St James’s Square, 4th Floor, London, United Kingdom, SW1Y 4LB | https://www.smiths.com |
| Niterra Co Ltd | View profile | 16247 | 14-18, Takatsuji-cho, Mizuho-ku, Nagoya, Japan, 467-8525 | http://www.ngkntk.co.jp |
| Teleflex Inc | View profile | 14500 | 550 East Swedesford Road, Suite 400, Wayne, PA, United States, 19087 | https://www.teleflex.com |
| Fisher & Paykel Healthcare Corp Ltd | View profile | 6584 | 15 Maurice Paykel Place, East Tamaki, Auckland, NTL, New Zealand, 2013 | https://www.fphcare.com |
| Koninklijke Philips NV | View profile | 73712 | Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC | https://www.philips.com |
| GE HealthCare Technologies Inc Common Stock | View profile | 51000 | 500 West Monroe Street, Chicago, IL, United States, 60661 | https://www.gehealthcare.com |
North America 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 74.13% in 2022. Horizon Databook has segmented the North America oxygen therapy market based on oxygen source equipment, oxygen delivery devices covering the revenue growth of each sub-segment from 2018 to 2030.
North America has dominated the market due to advanced healthcare infrastructure and high investment in R&D. The growth of this region can also be attributed to the availability of latest technologies and product launches.
Some of the market leaders in North America are GE Healthcare; Inogen, Inc.; and CAIRE Inc. Over the past few years, from 2019 to 2021, North America saw a massive rise in COVID-19 cases. It has been demonstrated that oxygen therapy systems.
notably oxygen concentrators, can be installed at home and in environments where oxygen cylinders are scarce. Many hospitals have witnessed a shortage of oxygen cylinders, which is why some of the market players are taking major initiatives.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America oxygen therapy market , including forecasts for subscribers. This continent databook contains high-level insights into North America oxygen therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America oxygen therapy market size, by country, 2018-2030 (US$M)
North America Oxygen Therapy Market Outlook Share, 2022 & 2030 (US$M)
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