The new report by Informes de Expertos titled, ‘Latin America Oxygen Therapy Market 2023-2028’ , provides a broad review of the factors that reflect positively on the market landscape and explores the factors in terms of product, application, end use, and key regions. The report also examines market constraints and challenges, based on Porter’s five forces models, along with a SWOT analysis. Furthermore, the market is assessed on the basis of past and future trends and their subsequent influence on the algorithm. The study includes extensive research, covering price indicators and market players, illustrating the impact on market dynamics and prospects.
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Los aspectos más destacados del informe son:
Visión General del Mercado (2018-2028)
- CAGR del Periodo de Pronóstico (2023-2028): 4,15%
La creciente prevalencia de enfermedades respiratorias crónicas, como la enfermedad pulmonar obstructiva crónica (EPOC) y el asma, es uno de los principales motores del mercado de la oxigenoterapia en Latinoamérica. A medida que la población latinoamericana envejece, aumenta el número de personas con problemas respiratorios relacionados con la edad, lo que impulsa la demanda de oxigenoterapia. Con más información y concienciación sobre los beneficios de la oxigenoterapia, más personas buscan tratamiento y la demanda de oxigenoterapia está creciendo en Latinoamérica.
Muchos países de América Latina están invirtiendo en infraestructuras sanitarias y ofreciendo ayudas económicas para el tratamiento de enfermedades respiratorias, lo que está impulsando el crecimiento del mercado de la oxigenoterapia. Además, el desarrollo de concentradores de oxígeno portátiles y otros dispositivos de oxigenoterapia innovadores está aumentando la accesibilidad y asequibilidad de la oxigenoterapia, lo que conduce a su creciente adopción en América Latina. Como resultado, las ventas y los ingresos adquiridos por el mercado en 2021 fueron de 275 millones de dólares.
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Industry Definition and Major Segments
Oxygen therapy is a medical treatment that involves the administration of oxygen to a person who has low oxygen levels in their blood. The therapy is usually done using a machine called an oxygen concentrator, which takes in air from the surrounding environment and filters out the nitrogen to deliver concentrated oxygen to the patient through a mask or nasal cannula. Oxygen therapy is used to treat a variety of conditions such as chronic obstructive pulmonary disease (COPD), sleep apnea, and pneumonia, among others.
By product, the market is widely categorised into:
- Oxygen Source Equipment
- Oxygen Cylinders
- Oxygen Concentrators
- Liquid Oxygen Devices
- PAP Devices
- Oxygen Delivery Devices
- Oxygen Masks
- Nasal Cannula
- Venturi Masks
- Non-Rebreather Masks
- Bag Valve Masks
- CPAP Masks
- Others
Based on application, the market is classified into:
- Chronic Obstructive Pulmonary Disease
- Asthma
- Obstructive Sleep Apnoea
- Respiratory Distress Syndrome
- Cystic Fibrosis
- Others
Various end uses in the market include:
- Home Health Care
- Hospitals
Key regions covered include:
- Brazil
- Argentina
- Mexico
- Others
Market Trends
The growing popularity of portable oxygen concentrators is driving the market as they are more convenient and cost-effective compared to traditional oxygen tanks. Furthermore, the demand for home healthcare services, including oxygen therapy, is increasing as people prefer to receive medical treatment in the comfort of their own homes. This has led to the rising investment in healthcare infrastructure by governments in Latin America, that is supporting the betterment of healthcare infrastructure and the development of specialized respiratory care centres.
There is an increasing focus on non-invasive ventilation as an alternative to invasive mechanical ventilation for patients with respiratory distress, which is propelling the demand for oxygen therapy. Therefore, this is also shaping the awareness about respiratory diseases and their impact on quality of life which is further burgeoning the necessity for oxygen therapy as a treatment option.
Key Market Players
The major players in the market are:
- Hersill S.L.
- Philips Respironics, Inc.
- DeVilbiss Healthcare LLC
- Smiths Group plc
- Inogen, Inc.
- Teleflex Incorporated
- Others
This report covers their profiles and provides information on expansions, investments and mergers and acquisitions, among other latest industry developments.
About Us
Informes de Expertos, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
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