Oxygen Therapy Devices Market Size by Segments, Share, Regulatory, Reimbursement, Installed Base and Forecast to 2033
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Oxygen Therapy Devices Market Overview
The Oxygen Therapy Devices market size was valued at $396 million in 2023 and is expected to grow at a CAGR of more than 7% during 2023 and 2033. Oxygen therapy is defined as a technique of delivering higher pressures of oxygen to the body’s tissues for wound healing.
Oxygen Therapy Devices Market Outlook, 2023-2033 ($ Million)
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The Oxygen Therapy Devices market research report explains the market behavior, which will help identify quantitative market trends within the wound care management therapeutic area. The model discusses in detail the impact of COVID-19 on the Oxygen Therapy Devices market for the year 2020 and beyond. The report has extensively covered pipeline products and technologies, which will help in identifying companies with the most robust pipeline. This, in turn, will assist in predictive analysis for designing in-licensing and out-licensing strategies.
Market Size (2023) | $396 million |
Forecast period | 2023-2033 |
Historical Period | 2015-2022 |
Key Regions | North America, Europe, Asia Pacific, South Central America, and Middle East & Africa |
Key Segments | Monoplace Hyperbaric Oxygen Chambers and Multiplace Hyperbaric Oxygen Chambers |
Leading Companies | Environmental Tectonics Corp, Pan-America Hyperbarics, Inc., Perry Baromedical Corporation, Sechrist Industries Inc, Haux-Life-Support GmbH, Hearmec Co Ltd, Mediconet Inc, Pommec Hytech BV, Submarine Manufacturing & Products Ltd, Yantai Hongyuan Oxygen Industry Group Co., Ltd |
Oxygen Therapy Devices Market Dynamics
The primary factors driving the market are increasing incidences of acute and chronic wounds and a rise in the number of patients suffering from diabetes. High commercial availability, an increasing elderly population, and a rise in public awareness about quick and smooth wound healing processes are the other factors contributing to the market growth.
Among both types, the market for Monoplace Hyperbaric Oxygen Chambers is growing significantly due to factors like availability, ease of installation, technical advancement in terms of portability, low maintenance cost, and less requirement of hospital gas.
Oxygen Therapy Devices Market Segments
The key segments in the Oxygen Therapy Devices market are Monoplace Hyperbaric Oxygen Chambers and Multiplace Hyperbaric Oxygen Chambers. Multiplace Hyperbaric Oxygen Chambers accounted for the highest share of the market in 2023. A multiplace hyperbaric oxygen chamber treats multiple patients at a time and oxygen is delivered to the patients via a mask or a hood and the chamber is pressurized with room air.
Oxygen Therapy Devices Market Analysis, by Segments, 2023 (%)
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Oxygen Therapy Devices Market Segmentation by Regions
The key regions in the Oxygen Therapy Devices market are North America, Europe, Asia Pacific, South Central America, and Middle East & Africa. Asia Pacific is the fastest growing region for the wound care market due to the presence of developing economies like India and China within the region which have increasing healthcare expenditures. This, along with other favorable government policies like the National Health Insurance and relaxation in customs duties, will boost the market growth in the presence of huge opportunities for the untapped market within Asia Pacific.
Oxygen Therapy Devices Market Analysis by Region
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Oxygen Therapy Devices Market- Competitive Landscape
Some of the leading companies in the Oxygen Therapy Devices market are Environmental Tectonics Corp, Pan-America Hyperbarics, Inc., Perry Baromedical Corporation, Sechrist Industries Inc, Haux-Life-Support GmbH, Hearmec Co Ltd, Mediconet Inc, Pommec Hytech BV, Submarine Manufacturing & Products Ltd, Yantai Hongyuan Oxygen Industry Group Co., Ltd. Pommec Hytech BV dominated the market in 2023.
Oxygen Therapy Devices Market Analysis, by Companies, 2023 (%)
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Segments Covered in the Report
Oxygen Therapy Devices Market Segments Outlook (Value, $ Million, 2015-2033)
- Monoplace Hyperbaric Oxygen Chambers
- Multiplace Hyperbaric Oxygen Chambers
Oxygen Therapy Devices Market Regional Outlook (Value, $ Million, 2015-2033)
- North America
- Europe
- Asia Pacific
- South Central America
- Middle East & Africa
Scope
This report provides:
- Currently marketed Oxygen Therapy Devices and evolving competitive landscape
- Insightful review of the key industry trends.
- Annualized total Oxygen Therapy Devices market revenue by segment and market outlooks
- Market level data on units, average selling prices and market values.
- Global, Regional and Country level market specific insights
- Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country specific insights on the market.
- SWOT analysis for the Oxygen Therapy Devices market.
- Competitive dynamics insights and trends provided for the Oxygen Therapy Devices market.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific MedTech regulatory landscape.
Reasons to Buy
The model will enable you to-
- Understand the impact of COVID-19 on Oxygen Therapy Devices market.
- Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving Oxygen Therapy Devices market.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Oxygen Therapy Devices market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company share of market leaders.
- Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
- Track device sales in the global and country-specific Oxygen Therapy Devices market from 2015-2033.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.
Pan-America Hyperbarics, Inc.
Perry Baromedical Corporation
Sechrist Industries Inc
Haux-Life-Support GmbH
Hearmec Co Ltd
Mediconet Inc
Pommec Hytech BV
Submarine Manufacturing & Products Ltd
Yantai Hongyuan Oxygen Industry Group Co., Ltd.
OxyHealth LLC
AHA Hyperbarics GmbH
Others
Frequently asked questions
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What was the Oxygen Therapy Devices market size in 2023?
The Oxygen Therapy Devices market size was $396 million in 2023.
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What will be the Oxygen Therapy Devices market CAGR during the forecast period?
The Oxygen Therapy Devices market is expected to grow at a CAGR of more than 7% during 2023 and 2033.
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Which region accounted for the highest share of the Oxygen Therapy Devices market in 2023?
Asia Pacific accounted for the highest share of the Oxygen Therapy Devices market in 2023.
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Which segment held the largest share of the Oxygen Therapy Devices market in 2023?
Multiplace Hyperbaric Oxygen Chambers segment held the largest share of the Oxygen Therapy Devices market in 2023.
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Which are the leading companies in the Oxygen Therapy Devices market?
Some of the leading companies in the Oxygen Therapy Devices market are Environmental Tectonics Corp, Pan-America Hyperbarics, Inc., Perry Baromedical Corporation, Sechrist Industries Inc., Haux-Life-Support GmbH, Hearmec Co Ltd, Mediconet Inc, Pommec Hytech BV, Submarine Manufacturing & Products Ltd, Yantai Hongyuan Oxygen Industry Group Co., Ltd.
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