Top Oxygen Therapy Equipment Companies

Global Oxygen Therapy Equipment Market size was valued at USD 3.9 billion in 2023 and is poised to grow from USD 4.23 billion in 2024 to USD 8.06 billion by 2032, growing at a CAGR of 8.4% during the forecast period (2025-2032). 

Oxygen therapy equipment market players focus on increasing their reimbursement coverage by partnering and collaborating with medical insurance providers. Oxygen therapy equipment companies also leverage collaborations, mergers, and acquisitions to enhance their global market presence and share. Oxygen therapy equipment providers try to make their products as affordable as possible to penetrate the developing and underdeveloped economies. 'Koninklijke Philips N.V. (Netherlands) ', 'Medtronic plc (Ireland) ', 'Becton, Dickinson and Company (BD) (USA) ', 'Abbott Laboratories (USA) ', 'General Electric Company (USA) ', 'Smiths Group plc (UK) ', 'Teleflex Incorporated (USA) ', 'Fisher & Paykel Healthcare Limited (New Zealand) ', 'Linde plc (Ireland) ', 'Chart Industries, Inc. (USA) ', 'Invacare Corporation (USA) ', 'Inogen, Inc. (USA) ', 'HERSILL, S.L. (Spain) ', 'Heinen + Löwenstein GmbH & Co. KG (Germany) ', 'Weinmann Emergency Medical Technology GmbH + Co. KG (Germany) ', 'Allied Healthcare Products Inc. (USA) ', 'Tecno-Gaz S.p.A. (Italy)'

Investments in medical device technology R&D are rapidly increasing around the world and fostering innovation. These continual investments in R&D are creating new opportunities for oxygen therapy equipment companies.

Use of Non-invasive Ventilation: Oxygen therapy equipment manufacturers can focus on utilizing non-invasive ventilation techniques as preference for minimally invasive procedures increases among patients around the world. Companies should invest heavily in R&D to develop products that can supply oxygen without invading the body of the patient.

Surging awareness regarding benefits of oxygen therapy is slated to be the key factor allowing North America to account for a dominant share of the global oxygen therapy equipment market. High healthcare expenditure and the presence of favorable reimbursement policies for oxygen therapies in this region are also slated to benefit sales of oxygen therapy equipment going forward. The United States and Canada are slated to be the top markets for oxygen therapy equipment companies looking to make a mark in the North American region over the coming years. High investments in medical R&D and the presence of key oxygen therapy equipment manufacturers also contribute to the dominant market share.