India Oxygen therapy equipment Market (2023-2029) Outlook | Share, Value, Industry, Growth, Size, Revenue, Companies, Analysis, COVID-19 IMPACT, Forecast & Trends

Market Forecast By Product Type (Oxygen Source Equipment, Oxygen Delivery Devices), By Portability (Standalone Devices, Portable Devices), By Application (COPD, Asthma, Cystic Fibrosis, Respiratory Distress Syndrome, Pneumonia, Other Diseases) And Competitive Landscape

Product Code: ETC105943 Publication Date: Aug 2023 Updated Date: Feb 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

India Oxygen therapy equipment Market Shipment Analysis

India Oxygen Therapy Equipment Market registered a decline of -82.34% in value shipments in 2022 in contrast to 2021 and a rise of 47.27% CAGR in 2022 over a period of 2017. In the oxygen therapy equipment Market, the level of India's competitiveness is rising as the HHI index in 2022 was 922 while in 2017 it was 1454. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number shows a larger number of exporting countries in the industry, while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on imports to meet its growing demand in Oxygen Therapy Equipment Market.

India is shifting towards local production with the goal to meet its demand as the trend is shifting towards reducing imports. The import factor of Oxygen therapy equipment Market in 2022 was 11.56 while it was 20.6 in 2017. China, the USA, Germany, Australia and the United Kingdom were among the top players in the market in 2022, where China obtained the largest market share of 19.74% with a shipment value of 39.34 million USD, 2022 China also offered the product above the average market price but remained at the leadership position indicating the trust it holds in the Oxygen therapy equipment Market. In 2017, the USA had the largest market share of 28.85% with a shipment value of 31.9 million USD. The nation was offering its product with an average price which is lower than the average market price offered in the country. As the USA price is lower than the average price, it provided a significant edge over other competitors in 2017.

India Oxygen therapy equipment Market Competition 2023


India Export Potential Assessment For Oxygen therapy equipment Market (USD Values in Thousand)


Topics Covered in the India Oxygen Therapy Equipment Market

India Oxygen Therapy Equipment Market report thoroughly covers the market by product type, portability and by application. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

India Oxygen Therapy Equipment Market Synopsis

The oxygen therapy equipment market in India is expected to witness an upsurge during the forecast period. This can be attributed to the increasing prevalence of respiratory diseases, high demand from home care settings, and rising awareness regarding medical applications of oxygen therapy. Increasing healthcare expenditure, advancements in technology and supportive government initiatives are also propelling market growth.

According to 6Wresearch, the India Oxygen therapy equipment Market size is expected to grow at a steady pace during the forecast period 2023-2029. The market growth is influenced by various factors such as the growing healthcare infrastructure development and Geriatric Population growth. Additionally, the rising air pollution is leading to respiratory illness. This is proliferating the need for oxygen therapy equipment, which further contributes to the market growth. Additionally, the rising chronic diseases like COPD, Asthma, and Cystic, leading to increasing product demand.

Some Ongoing Trends & Opportunities in the India Oxygen Therapy Equipment Market

India Oxygen Therapy Equipment Market is estimated to register sound growth in the coming years due to some ongoing market trends & opportunities. One of the significant opportunities is manufacturers are investing in research and development to develop an innovative range of oxygen therapy equipment to ensure efficient operation. With providing proper training in the hospitals, clinics, and healthcare centres to educate about the proper & appropriate use of oxygen therapy equipment is estimated to leave a positive impact on the oxygen therapy market expansion in the country.  Additionally, the rising access to oxygen therapy equipment in rural areas is another significant opportunity for the India Oxygen Therapy Equipment industry to secure considerable growth.

Government Initiatives Introduced in the India Oxygen Therapy Equipment Market

The market has seen growth tremendously for the past few years and is estimated to augment continuously with the introduction of some government-favourable market initiatives.  The National Health Mission aimed at improving quality healthcare infrastructure to provide better healthcare services, especially in rural areas, this has surged the adoption of oxygen therapy equipment across the country.  Also, the Indian government has set several standards regarding healthcare equipment safety, which has boosted the demand for quality oxygen therapy equipment. The government has been investing in improving the healthcare infrastructure, including the upgradation of medical devices. This increases the demand for high-quality oxygen therapy equipment.

Drivers of the India Oxygen Therapy Equipment Market

The key drivers for the Indiaoxygen therapy equipment market include increasing cases of chronic obstructive pulmonary disorder (COPD), a rising geriatric population with underlying respiratory conditions, a growing incidence of asthma, and technological advancements in products such as portable ventilators which have made it easier to administer oxygen therapies at home care setting. Moreover, government initiatives like the Make In India campaign have enabled local players to produce cost-effective devices by leveraging tax benefits that further promote its adoption among lower-income bracket people. Furthermore, the availability of fiscal incentives offered by public sector insurance companies coupled with heavy investment in research & development activities by leading manufacturers will continue to fuel the growth prospects over upcoming years.

Challenges of the Market

However, there are certain factors restraining the growth rate including the dearth of skilled health professionals required for administering proper treatments along with poor reimbursement policies, particularly for homecare segment users hindering its affordability among a large group population which continues as a major challenge hampering overall industry progression.

Key Players in the Market

Some major players operating in the India oxygen therapy equipment market include Philips Healthcare, 3M Health Care Pvt Ltd., GE Healthcare Ltd., Invacare Corporation Pvt Ltd., Dr gerwerk AG & Co KGaA, Air Liquide S A S U, Fisher & Paykel Healthcare Limited etc.

Covid-19 Impact on the India Oxygen Therapy Equipment Market

COVID-19 had impacted positively on the India Oxygen Therapy Equipment Market which is a part of the Asia Pacific Oxygen Therapy Equipment Market. The market experienced growth during the pandemic with an increased oxygen therapy equipment demand that includes oxygen concentrators and ventilators. In addition to this, the increased COVID-19 cases resulted in a high demand for medical oxygen, nevertheless, oxygen supply shortages were faced by the population.

Market Analysis by Product Type

According to Nitesh Kumar, Research Manager, 6Wresearch, it is difficult to determine which is dominating as both the segments including oxygen Source Equipment and Oxygen Delivery Devices are being used in the healthcare sector.  Also, these segments' use is driven by various factors such as an increased awareness of respiratory health, technological advancements, changing treatment protocols, and healthcare infrastructure improvements.

Market Analysis by Portability

Based on the portability, the Portable segment is likely to secure a high demand in the country underpinned by rising home care treatments. Also, patients can access oxygen on the go while undergoing another treatment. 

Key attractiveness of the report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2016 to 2019.
  • Base Year: 2019.
  • Forecast Data until 2026.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

  • India Oxygen Therapy Equipment Market Outlook
  • Market Size of India Oxygen Therapy Equipment Market, 2022
  • Forecast of India Oxygen Therapy Equipment Market, 2029
  • Historical Data and Forecast of India Oxygen Therapy Equipment Revenues & Volume for the Period 2019 - 2029
  • India Oxygen Therapy Equipment Market Trend Evolution
  • India Oxygen Therapy Equipment Market Drivers and Challenges
  • India Oxygen Therapy Equipment Price Trends
  • India Oxygen therapy equipment Porter's Five Forces
  • India Oxygen Therapy Equipment Industry Life Cycle
  • Historical Data and Forecast of India Oxygen Therapy Equipment Market Revenues & Volume By Product Type for the Period 2019 - 2029
  • Historical Data and Forecast of India Oxygen Therapy Equipment Market Revenues & Volume By Oxygen Source Equipment for the Period 2019 - 2029
  • Historical Data and Forecast of India Oxygen Therapy Equipment Market Revenues & Volume By Oxygen Delivery Devices for the Period 2019 - 2029
  • Historical Data and Forecast of India Oxygen Therapy Equipment Market Revenues & Volume By Portability for the Period 2019 - 2029
  • Historical Data and Forecast of India Oxygen Therapy Equipment Market Revenues & Volume By Standalone Devices for the Period 2019 - 2029
  • Historical Data and Forecast of India Oxygen Therapy Equipment Market Revenues & Volume By Portable Devices for the Period 2019 - 2029
  • Historical Data and Forecast of India Oxygen Therapy Equipment Market Revenues & Volume By Application for the Period 2019 - 2029
  • Historical Data and Forecast of India Oxygen Therapy Equipment Market Revenues & Volume By COPD for the Period 2019 - 2029
  • Historical Data and Forecast of India Oxygen Therapy Equipment Market Revenues & Volume By Asthma for the Period 2019 - 2029
  • Historical Data and Forecast of India Oxygen Therapy Equipment Market Revenues & Volume By Cystic Fibrosis for the Period 2019 - 2029
  • Historical Data and Forecast of India Oxygen Therapy Equipment Market Revenues & Volume By Respiratory Distress Syndrome for the Period 2019 - 2029
  • Historical Data and Forecast of India Oxygen Therapy Equipment Market Revenues & Volume By Pneumonia for the Period 2019 - 2029
  • Historical Data and Forecast of India Oxygen Therapy Equipment Market Revenues & Volume By Other Diseases for the Period 2019 - 2029
  • India Oxygen Therapy Equipment Import Export Trade Statistics
  • Market Opportunity Assessment By Product Type
  • Market Opportunity Assessment By Portability
  • Market Opportunity Assessment By Application
  • India Oxygen Therapy Equipment Top Companies Market Share
  • India Oxygen Therapy Equipment Competitive Benchmarking By Technical and Operational Parameters
  • India Oxygen Therapy Equipment Company Profiles
  • India Oxygen Therapy Equipment Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Product Type

  • Oxygen Source Equipment
  • Oxygen Delivery Devices

By Portability

  • Standalone Devices
  • Portable Devices

By Application

  • COPD
  • Asthma
  • Cystic Fibrosis
  • Respiratory Distress Syndrome
  • Pneumonia, Other Diseases
India Oxygen Therapy Equipment Market: FAQs
Rising medical device access in rural areas, and increasing adoption of quality healthcare devices including, oxygen therapy equipment.
GE Healthcare Ltd., Invacare Corporation Pvt Ltd., and Dr Gerwerk AG & Co KGaA are some major players operating in the India Oxygen Therapy Equipment Market.
Infrastructure Disparities and high priced are some challenges faced by the India Oxygen therapy equipment Market.
Healthcare policies & insurance, rising healthcare sectors, and increasing access to medical devices across the country. These are some latest trends impacting positively on the India Oxygen Therapy Equipment Market growth.
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1 Executive Summary
2 Introduction
2.1 Key Highlights of the Report
2.2 Report Description
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3 India Oxygen therapy equipment Market Overview
3.1 India Country Macro Economic Indicators
3.2 India Oxygen therapy equipment Market Revenues & Volume, 2023 - 2030F
3.3 India Oxygen therapy equipment Market - Industry Life Cycle
3.4 India Oxygen therapy equipment Market - Porter's Five Forces
3.5 India Oxygen therapy equipment Market Revenues & Volume Share, By Product Type, 2020 & 2030F
3.6 India Oxygen therapy equipment Market Revenues & Volume Share, By Portability, 2020 & 2030F
3.7 India Oxygen therapy equipment Market Revenues & Volume Share, By Application, 2020 & 2030F
4 India Oxygen therapy equipment Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5 India Oxygen therapy equipment Market Trends
6 India Oxygen therapy equipment Market Segmentation
6.1 India Oxygen therapy equipment Market, By Product Type
6.1.1 Overview and Analysis
6.1.2 India Oxygen therapy equipment Market Revenues & Volume, By Product Type, 2023 - 2030F
6.1.3 India Oxygen therapy equipment Market Revenues & Volume, By Oxygen Source Equipment, 2023 - 2030F
6.1.4 India Oxygen therapy equipment Market Revenues & Volume, By Oxygen Delivery Devices, 2023 - 2030F
6.2 India Oxygen therapy equipment Market, By Portability
6.2.1 Overview and Analysis
6.2.2 India Oxygen therapy equipment Market Revenues & Volume, By Standalone Devices, 2023 - 2030F
6.2.3 India Oxygen therapy equipment Market Revenues & Volume, By Portable Devices, 2023 - 2030F
6.3 India Oxygen therapy equipment Market, By Application
6.3.1 Overview and Analysis
6.3.2 India Oxygen therapy equipment Market Revenues & Volume, By COPD, 2023 - 2030F
6.3.3 India Oxygen therapy equipment Market Revenues & Volume, By Asthma, 2023 - 2030F
6.3.4 India Oxygen therapy equipment Market Revenues & Volume, By Cystic Fibrosis, 2023 - 2030F
6.3.5 India Oxygen therapy equipment Market Revenues & Volume, By Respiratory Distress Syndrome, 2023 - 2030F
6.3.6 India Oxygen therapy equipment Market Revenues & Volume, By Pneumonia, 2023 - 2030F
6.3.7 India Oxygen therapy equipment Market Revenues & Volume, By Other Diseases, 2023 - 2030F
7 India Oxygen therapy equipment Market Import-Export Trade Statistics
7.1 India Oxygen therapy equipment Market Export to Major Countries
7.2 India Oxygen therapy equipment Market Imports from Major Countries
8 India Oxygen therapy equipment Market Key Performance Indicators
9 India Oxygen therapy equipment Market - Opportunity Assessment
9.1 India Oxygen therapy equipment Market Opportunity Assessment, By Product Type, 2020 & 2030F
9.2 India Oxygen therapy equipment Market Opportunity Assessment, By Portability, 2020 & 2030F
9.3 India Oxygen therapy equipment Market Opportunity Assessment, By Application, 2020 & 2030F
10 India Oxygen therapy equipment Market - Competitive Landscape
10.1 India Oxygen therapy equipment Market Revenue Share, By Companies, 2023
10.2 India Oxygen therapy equipment Market Competitive Benchmarking, By Operating and Technical Parameters
11 Company Profiles
12 Recommendations
13 Disclaimer
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