What is the global market size of the Oxygen Concentrators Market?

Global Oxygen Concentrators Market size was valued at USD 3.41 billion in 2021 and is poised to grow from USD 3.61 billion in 2022 to USD 6.06 billion by 2030, growing at a CAGR of 5.9% in the forecast period (2023-2030).

Oxygen Concentrators Market Size, Share, Growth Analysis, By Type(Portable, Stationary), By Technology(Pulse flow, continuous flow), By End-use(Hospitals, Home care settings, ambulatory surgical centers & physician offices), By Region - Industry Forecast 2025-2032

Report ID: SQMIG35E2041 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 88 | Figures: 76

Oxygen Concentrators Market Regional Insights

North America dominates the global oxygen concentrators market share because of the well-established healthcare infrastructure and increasing awareness about advanced treatment methods in this region. Rising minimally invasive procedures will flourish the market growth rate in this region.

Asia-Pacific is expected to grow during the forecast period of 2022 to 2028 due to the rising prevalence of chronic diseases such as Asthma and COPD and the development of the healthcare sector in this region.

Oxygen Concentrators Market Report Snapshots

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Oxygen Concentrators Market size was valued at USD 3.61 Billion in 2023 and is poised to grow from USD 3.82 Billion in 2024 to USD 6.42 Billion by 2032, growing at a CAGR of 5.9% during the forecast period (2025-2032).

Global oxygen concentrators market is fragmented in nature. The market is witnessing the presence and entrance of various global and regional players to cater to rising oxygen demand. Players in the market are adopting various strategies such as mergers and acquisitions, collaborations, and R&D activities to stay ahead in the competition. 'Koninklijke Philips N.V.', 'Invacare Corporation', 'Inogen, Inc.', 'Drive DeVilbiss Healthcare', 'Chart Industries, Inc.', 'GCE Group', 'Teijin Limited', 'Besco Medical Co., Ltd.', 'CAIRE Inc.', 'Nidek Medical Products, Inc.', 'O2 Concepts LLC', 'Precision Medical Inc.', 'ResMed Inc.', 'Yuwell-Jiangsu Yuyue medical equipment & supply Co., Ltd.', 'Precision Medical Devices, Inc.', 'OSI Systems, Inc.', 'AirSep Corporation', 'Intersurgical Ltd.', 'Longfian Scitech Co., Ltd.', 'Beijing North Star Co., Ltd.'

The spread of chronic diseases will surge the market growth rate during the forecast period. One of the primary factors driving the market's growth is the rising frequency of respiratory illnesses such as asthma. The market is growing due to the growing geriatric population who are prone to such disorders and the growing need for convenient portable gadgets.

Oxygen concentrators market is poised to witness significant growth in the next 2-3 quarters due to its large portfolio of respiratory devices. To meet the rapidly increasing global demand, the industry is increasing its mask manufacturing capacities by 10 times and ventilator manufacturing by 2-3 times. The industry has the capacity of manufacturing nearly 1 million devices annually, which will certainly help the company play a significant role to curb this situation.

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Oxygen Concentrators Market Size, Share, Growth Analysis, By Type(Portable, Stationary), By Technology(Pulse flow, continuous flow), By End-use(Hospitals, Home care settings, ambulatory surgical centers & physician offices), By Region - Industry Forecast 2025-2032

Oxygen Concentrators Market Regional Insights

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