GREY:XEBEQ - Post by User
Comment by
bmo1212on Jan 17, 2021 8:03pm
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Post# 32316576
RE:TAM for Oxygen?
RE:TAM for Oxygen?The global oxygen therapy market size was estimated at USD 7.09 billion in 2015 and is anticipated to grow at a CAGR of 11.1% over the forecast period. Increasing incidences of chronic respiratory diseases coupled with rising demand for home healthcare are the major drivers of the market.
The global oxygen therapy market is expected to grow at a compound annual growth rate of 11.7% from 2019 to 2026 to reach USD 23.2 billion by 2026.
North America dominated the oxygen therapy market with a share of 28.9% in 2019. This is attributable to high R&D investments and trials pertaining to oxygen therapy.