Global Portable Oxygen Concentrators Market

Portable Oxygen Concentrators Market Size, Share, Growth Analysis, By Delivery System(Continuous Flow, Pulse Flow), By Application(Copd, Asthma, Respiratory Distress Syndrome, and Others), By End User(Hospitals, Homecare Settings, and Others), By Region - Industry Forecast 2025-2032


Report ID: SQMIG35E2042 | Region: Global | Published Date: October, 2024
Pages: 157 | Tables: 61 | Figures: 76

Portable Oxygen Concentrators Market Insights

Portable Oxygen Concentrators Market size was valued at USD 344.5 Million in 2023 and is poised to grow from USD 382.05 Million in 2024 to USD 874.11 Million by 2032, growing at a CAGR of 10.9% during the forecast period (2025-2032).

Portable oxygen inverters can be used by those that need supplemental oxygen that contains higher quantities of co2 than what the air around them contains. They are used particularly for the emergency treatment of individuals with respiratory diseases like obstructive pulmonary disease. Comparison to home healthcare oxygen inverters, portable gas concentrators were small devices, thus easier for the user to carry about. Besides, mountain climbers and tourists use POCs in places deprived of oxygen, next to physicians. This will lead to an increase in the global demand for portable oxygen concentrators, as more individuals develop conditions such as chronic obstructive pulmonary disease around the world. Chronic obstructive pulmonary disorder remains the third leading cause of death in the world today with over 3.33 million deaths attributed to this disease according to the World Health Organization (WHO). 

Persons suffering from this condition require supplemental oxygen to increase the concentration of oxygen in their blood and thus help in proper functioning of tissues. Thus, the portable gas extractors will see a healthy growth in their sales, throughout the portable oxygen concentrators market forecast period. These portable gas concentrators are also utilized in non-pressurized aircraft, the glass-blowing business, and the skin care industry. 

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Portable Oxygen Concentrators Market size was valued at USD 344.5 Million in 2023 and is poised to grow from USD 382.05 Million in 2024 to USD 874.11 Million by 2032, growing at a CAGR of 10.9% during the forecast period (2025-2032).

he competitive landscape of the portable oxygen concentrators industry can be characterized by the presence of several key players competing to gain market share. These companies work to innovate their products, widen distribution channels, and even provide after-sales services. In recent time, the dominant players are spending on research and development (R&D) activities to procure advanced product variants. They have also created a POC model line for at-home and travel use. In addition, several top market players are partnering up and indiscriminately indulging in mergers and acquisitions (M&As) to strengthen their market presence and establish an edge over their competitors in the market.  'Inogen ', 'Philips Respironics ', 'ResMed ', 'OxyGo ', 'AirSep ', 'Caire Inc. ', 'Drive Medical ', 'GCE Healthcare ', 'ConvaTec ', 'Invacare ', 'Nidek Medical ', 'ScottCare ', 'Oxygent ', 'VitalAire ', 'AeroVent ', 'Graham-Field Health Products ', 'Linde Healthcare ', 'Medi-Rent ', 'American Medical Technologies ', 'SOMNOMED'

Increasing Preference for Home-Based Medical Care: Home-based medical care emphasizes the need for portable medical devices that enable patients to receive treatment without being confined to a hospital or clinic. POCs align with this requirement by providing a convenient and lightweight solution for delivering oxygen therapy at home. As a result, the growing preference for home-based care is escalating the demand for portable oxygen concentrators.  

North America is dominating with the largest portable oxygen concentrators market share. This is because diseases like respiratory diseases, including chronic obstructive pulmonary disease (COPD), asthma and other lung-related problems are among the most common in the region. Respiratory conditions are common in the region due to the relatively aged population and changing environmental and lifestyle. The increasing prevalence of these diseases are growing the demand for POCs among patient requiring oxygen therapy. In addition, the region has a strong healthcare infrastructure, with modern medical facilities, a well-established healthcare system, and high investment in healthcare R&D. Advanced hospitals, clinics and ambulatory surgery centers provide a conducive environment for adopting POCs. The region has a number of major players in the healthcare and medical device industry, creating a research and development culture. 

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Global Portable Oxygen Concentrators Market

Report ID: SQMIG35E2042

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