The Oxygen Therapy Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Oxygen Therapy Market?
The market size of the oxygen therapy sector has seen robust growth lately. The jump is from $28.42 billion in 2024 to $30.97 billion in 2025, with a compound annual growth rate (CAGR) of 9.0%. The historical growth trend in the Oxygen Therapy market has been positive.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Oxygen Therapy Industry?
The Oxygen Therapy market is projected to reach $46.4 billion in 2029, growing at a compound annual growth rate (CAGR) of 10.6%.
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What are the Key Growth Drivers Fueling the Oxygen Therapy Market?
The key drivers in the oxygen therapy market are:
• Innovation in oxygen therapy devices
• Increasing focus on personalized medicine
• Significant investments in research and development
• Impact of climate change leading to increased oxygen therapy needs
Global Market Segmentation: Identifying Major Oxygen Therapy Industry Segments
The oxygen therapy market covered in this report is segmented –
1) By Product: Oxygen Delivery Devices, Oxygen Source Equipment
2) By Portability: Stationary Devices, Portable Devices
3) By Application: Pneumonia, Chronic Obstructive Pulmonary Disease, Asthma, Obstructive Sleep Apnea, Respiratory Distress Syndrome, Cystic Fibrosis, Other Applications
4) By End User: Hospitals, Clinics, Home Care, Post Acute Care Settings
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What are the Emerging Trends Shaping the Future of the Oxygen Therapy Market?
The key trends in the oxygen therapy market are:
• Innovative devices in the Oxygen Therapy market represent a major forthcoming trend.
• Personalized medicine is increasingly influencing the future of this sector.
• Value-based care models and regulatory advances are becoming key trends in the Oxygen Therapy market.
• The focus on patient education, alternative oxygen delivery models and patient-centric design signifies crucial emerging trends.
Who Are the Top Competitors & Leading Players in the Oxygen Therapy Market?
Major companies in the oxygen therapy market are:
• Smiths Medical Inc.
• Hersill SL
• Fisher & Paykel Healthcare Corporation Limited
• Invacare Corporation
• Teleflex Incorporated
• Koninklijke Philips N.V.
• Drive Devilbiss International
• Allied Healthcare Products Inc.
• Becton Dickinson and Company
• General Electric Company
• Getinge Group
• Essex Industries Inc.
• Chart Industries Inc.
• Drägerwerk AG & Co. KGaA
• Gas Control Equipment Group
• Thermo Fisher Scientific Inc.
• OxyBand Technologies Inc.
• Nidek Medical Products Inc.
• Linde Healthcare
• Taiyo Nippon Sanso Corporation
• Inogen Inc.
• Heinen + Löwenstein GmbH & Co. KG
• Messer Medical Austria GmbH
• TECNO-GAZ S.p.A
• HUM -Gesellschaft für Homecare und Medizintechnik mbH
• medicap homecare GmbH
• GCE Holding AB
• Salter Labs
• Vyaire Medical Inc.
• CAIRE Inc.
• Precision Medical Inc.
• O2 Concepts LLC
• AirSep Corporation
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the oxygen therapy market in 2024
