PUBLISHER: Grand View Research | PRODUCT CODE: 1363538
PUBLISHER: Grand View Research | PRODUCT CODE: 1363538
The global liquid oxygen devices market size is expected to reach USD 7.0 billion by 2030, registering a CAGR of 4.1% from 2023 to 2030, according to a new study by Grand View Research, Inc.. Liquid oxygen devices are medical devices that deliver therapeutic oxygen in its liquid form. Liquid oxygen systems are commonly used by individuals with respiratory conditions that require a high flow of oxygen. These devices are especially useful for patients who need a higher concentration of oxygen than what can be provided by traditional oxygen concentrators or compressed gas cylinders. The increasing prevalence of respiratory conditions such as chronic obstructive pulmonary disease (COPD), asthma, and others that require oxygen therapy is driving the market growth.
In addition, liquid oxygen devices are valuable during emergencies, as they can quickly deliver high concentrations of oxygen to patients in critical conditions. This is especially important in situations such as acute respiratory distress or exacerbation of respiratory diseases. With a growing emphasis on home-based healthcare, there is a greater demand for medical devices that allow patients to receive necessary treatments in the comfort of their own homes. Liquid oxygen devices support this trend by providing effective oxygen therapy outside of hospital settings, thereby impelling the growth of the market for liquid oxygen devices.
Technological advancements have led to the development of smaller and more portable liquid oxygen devices. These devices are easier for patients to carry and use, allowing them greater freedom and mobility while receiving oxygen therapy. Also, some modern liquid oxygen devices are equipped with sensors that monitor oxygen levels and flow rates. This real-time monitoring helps patients and healthcare providers ensure that the therapy is being delivered effectively and adjust settings as needed. This is expected to drive the market growth over a forecast period.
Furthermore, the COVID-19 pandemic accelerated the demand for liquid oxygen devicesdue to the severe respiratory symptoms experienced by some COVID-19 patients.Many COVID-19 patients required hospitalization, and some of them needed high-flow oxygen therapy or mechanical ventilation. This increased the demand for oxygen delivery systems capable of providing high oxygen flow rates.To address the increased demand, medical device manufacturers and oxygen suppliers worked to scale up the production of oxygen-related equipment, including liquid oxygen devices, to meet the needs of healthcare facilities and patients, thereby positively impacting the market growth.
List of Figure
1. Market research process
2. Information procurement
3. Primary research pattern
4. Market research approaches
5. Value-chain-based sizing & forecasting
6. QFD modeling for market share assessment
7. Market formulation & validation
8. Commodity Flow Analysis
9. Volume Price Analysis
10. Liquid Oxygen Devices Market snapshot (2022)
11. Liquid Oxygen Devices Market segmentation
12. Market trends and outlook
13. Parent market outlook
14. Related/ancillary market outlook
15. Penetration & growth prospect mapping
16. Market driver relevance analysis (Current & future impact)
17. Market restraint relevance analysis (Current & future impact)
18. Liquid Oxygen Devices Market, End-use type outlook: key takeaways (USD Billion)
19. Liquid Oxygen Devices Market: End-use movement analysis, 2022 & 2030 (USD Billion)
20. Hospitals market estimates and forecasts, 2018 - 2030 (USD Billion)
21. Outpatient Facilities market estimates and forecasts, 2018 - 2030 (USD Billion)
22. Homecare market estimates and forecasts, 2018 - 2030 (USD Billion)
23. Liquid Oxygen Devices Market, regional marketplace: Key takeaways (USD Billion)
24. Liquid Oxygen Devices Market: regional movement analysis, 2022 & 2030 (USD Billion)
25. North America Liquid Oxygen Devices Market estimates and forecasts, 2018 - 2030 (USD Billion)
26. U.S. Liquid Oxygen Devices Market estimates and forecasts, 2018 - 2030 (USD Billion)
27. Canada Liquid Oxygen Devices Market estimates and forecasts, 2018 - 2030 (USD Billion)
28. Europe Liquid Oxygen Devices Market estimates and forecasts, 2018 - 2030 (USD Billion)
29. Germany Liquid Oxygen Devices Market estimates and forecasts, 2018 - 2030 (USD Billion)
30. UK Liquid Oxygen Devices Market estimates and forecasts, 2018 - 2030 (USD Billion)
31. France Liquid Oxygen Devices Market estimates and forecasts, 2018 - 2030 (USD Billion)
32. Spain Liquid Oxygen Devices Market estimates and forecasts, 2018 - 2030 (USD Billion)
33. Italy Liquid Oxygen Devices Market estimates and forecasts, 2018 - 2030 (USD Billion)
34. Sweden Liquid Oxygen Devices Market estimates and forecasts, 2018 - 2030 (USD Billion)
35. Denmark Liquid Oxygen Devices Market estimates and forecasts, 2018 - 2030 (USD Billion)
36. Norway Liquid Oxygen Devices Market estimates and forecasts, 2018 - 2030 (USD Billion)
37. Asia Pacific Liquid Oxygen Devices Market estimates and forecasts, 2018 - 2030 (USD Billion)
38. Japan Liquid Oxygen Devices Market estimates and forecasts, 2018 - 2030 (USD Billion)
39. China Liquid Oxygen Devices Market estimates and forecasts, 2018 - 2030 (USD Billion)
40. India Liquid Oxygen Devices Market estimates and forecasts, 2018 - 2030 (USD Billion)
41. Australia Liquid Oxygen Devices Market estimates and forecasts, 2018 - 2030 (USD Billion)
42. South Korea Liquid Oxygen Devices Market estimates and forecasts, 2018 - 2030 (USD Billion)
43. Thailand Liquid Oxygen Devices Market estimates and forecasts, 2018 - 2030 (USD Billion)
44. Latin America Liquid Oxygen Devices Market estimates and forecasts, 2018 - 2030 (USD Billion)
45. Brazil Liquid Oxygen Devices Market estimates and forecasts, 2018 - 2030 (USD Billion)
46. Mexico Liquid Oxygen Devices Market estimates and forecasts, 2018 - 2030 (USD Billion)
47. Argentina Liquid Oxygen Devices Market estimates and forecasts, 2018 - 2030 (USD Billion)
48. MEA Liquid Oxygen Devices Market estimates and forecasts, 2018 - 2030 (USD Billion)
49. South Africa Liquid Oxygen Devices Market estimates and forecasts, 2018 - 2030 (USD Billion)
50. Saudi Arabia Liquid Oxygen Devices Market estimates and forecasts, 2018 - 2030 (USD Billion)
51. UAE Liquid Oxygen Devices Market estimates and forecasts, 2018 - 2030 (USD Billion)
52. Kuwait Liquid Oxygen Devices Market estimates and forecasts, 2018 - 2030 (USD Billion)