Global Oxygen Conserving Devices Market to Reach $3.9 Billion by 2030
The global market for Oxygen Conserving Devices estimated at US$1.9 Billion in the year 2023, is expected to reach US$3.9 Billion by 2030, growing at a CAGR of 10.7% over the analysis period 2023-2030. Reservoir Oxygen Delivery Devices, one of the segments analyzed in the report, is expected to record a 11.1% CAGR and reach US$1.5 Billion by the end of the analysis period. Growth in the Electromechanical Pulsing Devices segment is estimated at 11.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $501.5 Million, While China is Forecast to Grow at 14.2% CAGR
The Oxygen Conserving Devices market in the U.S. is estimated at US$501.5 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$926.5 Million by the year 2030 trailing a CAGR of 14.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.8% and 8.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 7.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$617.1 Million by the year 2030.
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