According to FutureWise analysis the market for oxygen therapy in 2023 is US$ 36.82 billion, and is expected to reach US$ 62 billion by 2031 at a CAGR of 6.7%.
People who demand an adequate amount of oxygen may benefit from oxygen therapy. It is primarily used to treat conditions such as asthma, COPD, sleep apnea, and other conditions in which patients' oxygen supply is inadequate. Depending on the patient's specific demands, oxygen concentrators, liquid oxygen, and hyperbaric oxygen therapy are among the different types of oxygen therapy available. Because oxygen is required for various cell metabolism and tissue oxygenation is crucial for proper physiological function, oxygen therapy is a medical intervention that uses oxygen gas to provide acute or chronic patient care. Oxygen treatment is done when the blood oxygen levels are low. It can be administered in a variety of ways, from nasal to hyperbaric oxygen in a closed environment. Organs and tissues that help you breathe make up the respiratory system. The lungs, nasal passages, and windpipe are all part of the respiratory system. Air enters the body via the nose or mouth and goes to the lungs via the windpipe and bronchi. The bronchi are divided into bronchioles, which are further divided into tiny air sacs called alveoli. These tiny air sacs are encircled by a network of capillaries, which are connected to various arteries and veins that deliver oxygen throughout the body. Pneumonia, cystic fibrosis, asthma, dysplasia, heart failure, sleep apnea, lung disorders, and COPD all affect the delivery of oxygen from the alveoli to the blood (chronic obstructive pulmonary disease).
FutureWise Market Research has instantiated a report that provides an intricate analysis of Oxygen Therapy Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Oxygen Therapy Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.