The global Oxygen Therapy Market was valued at USD 11.05 Billion in 2022 and is projected to reach USD 20.83 Billion in 2032, with a revenue CAGR of 7.3% during the forecast period. The rising prevalence of respiratory diseases like Chronic Obstructive Pulmonary Disease (COPD), asthma, and pneumonia is contributing to an increased demand for oxygen therapy equipment, which is the primary catalyst for the market's revenue growth.
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