Published Date : 2024-Aug-30
The oxygen therapy market has seen significant growth over the past few years, driven by the increasing prevalence of respiratory disorders, the aging population, and technological advancements in medical devices. This market's expansion has attracted the attention of several key players, each contributing to the development of innovative and effective oxygen therapy solutions.
In this blog, we'll explore some of the top companies leading the oxygen therapy market in 2024. Including: Philips Respironics, Invacare Corporation, ResMed, CAIRE, Inogen, Drive DeVilbiss Healthcare, Fisher & Paykel Healthcare (FPH), HERSILL S.L. And More.
Oxygen Therapy Market Size, Share & Trends Analysis Report By Product, By Portability, By Application, By End User and By Geography, Global Economy Insights, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast Till 2031.
Global Oxygen Therapy Market size was valued at USD 3500 Million in 2022 and is projected to reach USD 5290.47 Million by 2031, growing at a CAGR of 5.3% from 2022 to 2031.
The Oxygen Therapy market research report comprises a thorough examination of the current and future scenario of this industry vertical. The research highlights major trends and opportunities, as well as challenges, for various segments and sub-segments, while broadening the company horizon. The study report also includes extensive information based on past and present patterns across several industry verticals to help find various expansion prospects. Throughout the forecast period, several estimations regarding market share, market size, and industry growth rate are presented. The research includes information on competitive analysis as well as consumption habits and pricing strategies depending on the Oxygen Therapy market.
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Overview: Respironics is an American medical supply company owned by Philips that specializes in products that improve respiratory functions. It is based in Murrysville in Pennsylvania, United States and founded in 1976.
Philips Respironics, a division of Royal Philips, is a global leader in the oxygen therapy market. The company offers a comprehensive range of oxygen therapy devices, including portable oxygen concentrators (POCs), home oxygen systems, and related accessories. Philips Respironics is renowned for its commitment to innovation and patient care, with products like the SimplyGo Mini and EverFlo, which are designed to improve the quality of life for patients with chronic respiratory conditions.
Overview: Invacare Corporation is an American manufacturer and distributor of non-acute medical equipment including respiratory products. Headquartered in Elyria, Ohio, United States and founded in 1885, the company currently distributes its product to more than 80 countries around the world.
Invacare Corporation is another major player in the oxygen therapy market, offering a wide range of products designed to meet the needs of patients requiring respiratory support. Invacare’s portfolio includes stationary oxygen concentrators, portable oxygen concentrators, and liquid oxygen systems. The company’s focus on user-friendly designs and reliability has made it a trusted brand among healthcare providers and patients alike.
Overview: ResMed Inc. is an American medical equipment company based in San Diego, California and founded in 1989.
ResMed Inc. is a prominent name in the respiratory care market, offering a range of products that include oxygen therapy devices, sleep apnea machines, and ventilators. ResMed’s oxygen therapy solutions are designed to provide patients with high-quality respiratory support, combining advanced technology with ease of use. The company’s commitment to improving patient outcomes through innovation is evident in its product offerings.
Overview: CAIRE is a global manufacturer of oxygen supply equipment that develops oxygen delivery equipment for a variety of applications. Founded in 1992 and headquarters in 2200 Airport Industrial Drive, Suite 500 Ball Ground, GA 30107.
The company specializes in the development and manufacturing of oxygen therapy devices for homecare, hospice, and long-term care settings. The company offers a broad range of oxygen concentrators, including stationary and portable options, known for their durability and efficiency. CAIRE is dedicated to advancing oxygen therapy technology to enhance patient mobility and independence.
Overview: Inogen Inc. is a global manufacturer of oxygen supply equipment company, headquarters in Goleta, California, United States and founded in 2001.
Inogen is a market leader in portable oxygen concentrators, known for its focus on patient mobility and convenience. The company’s flagship product, the Inogen One series, has revolutionized oxygen therapy by providing patients with lightweight, portable options that allow them to maintain an active lifestyle. Inogen continues to innovate in the oxygen therapy space, ensuring its products meet the highest standards of quality and performance.
Overview: Drive DeVilbiss Healthcare is one of the leading manufacturers and distributors of oxygen therapy in the world today. Founded in 2000, the company is headquartered in Port Washington, NY.
The company is a global manufacturer of medical products, including a wide range of oxygen therapy devices. The company’s product line includes oxygen concentrators, cylinders, and nebulizers designed for both home and clinical use. Drive DeVilbiss is known for its commitment to quality and affordability, making oxygen therapy accessible to a broader patient population.
Overview: Fisher & Paykel Healthcare (FPH) is a manufacturer, designer and marketer of products and systems for use in respiratory care, acute care, and the treatment of obstructive sleep apnea. Headquarters in East T?maki, Auckland, New Zealand and founded in 1934, their products and systems are sold in around 120 countries worldwide.
The company is a leading innovator in the field of respiratory care, offering a range of oxygen therapy products designed to improve patient outcomes. The company’s products are known for their advanced technology and user-friendly designs. Fisher & Paykel’s commitment to research and development ensures that its oxygen therapy solutions remain at the forefront of the market.
Overview: HERSILL S.L. is a Spanish company, headquarters in Madrid, Spain and founded in 1973, with a rich history of over 40 years in the medical technology industry, specializing in respiratory therapy equipment. The company is known for producing high-quality oxygen therapy devices, including oxygen concentrators, ventilators, and flowmeters. HERSILL’s products are recognized for their reliability, precision, and durability, making them a trusted name in hospitals and healthcare facilities worldwide.
HERSILL is particularly noted for its focus on innovation and adaptability, regularly updating its product offerings to meet the evolving needs of the medical field. The company’s commitment to quality is evident in its stringent manufacturing processes and the high standards it maintains for its products. Additionally, HERSILL's global distribution network ensures that its advanced oxygen therapy solutions are accessible to healthcare providers and patients around the world.
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Oxygen Cylinders Oxygen Concentrators Liquid Oxygen Devices PAP Devices
Oxygen Masks Nasal Cannula Venturi Masks Non-rebreather Masks Bag Valve Masks CPAP Masks Others |
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The oxygen therapy market is a dynamic and rapidly growing sector, driven by technological advancements and the increasing demand for respiratory care solutions. The companies listed above are at the forefront of this market, each contributing to the development and accessibility of oxygen therapy through their innovative products and commitment to patient care. As the market continues to evolve, these companies are likely to play a crucial role in shaping the future of respiratory therapy.
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