Medical Pressure Swing Adsorption (PSA) Oxygen Concentrators Market size was valued at USD 1.2 Billion in 2024 and is forecasted to grow at a CAGR of 8.9% from 2026 to 2033, reaching USD 2.5 Billion by 2033.
The global Medical Pressure Swing Adsorption (PSA) Oxygen Concentrators Market was valued at approximately USD 2.5 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 8.1% during the forecast period from 2023 to 2030. This growth is driven by increasing respiratory diseases, rising geriatric population, and a growing demand for home healthcare solutions. North America dominated the market in 2022, accounting for a significant market share due to advanced healthcare infrastructure and a high number of patients requiring long term oxygen therapy. The regions market was valued at USD 1.1 billion, with a CAGR of 7.8% during the forecast period. In Asia Pacific, the market is expected to witness the highest growth, registering a CAGR of 9.5%, with an estimated market value of USD 0.9 billion by 2030, driven by improving healthcare access and rising awareness of oxygen concentrators in countries such as India and China.
In Europe, the Medical PSA Oxygen Concentrators Market was valued at USD 0.8 billion in 2022 and is projected to grow steadily at a CAGR of 7.2% through 2030. The increasing prevalence of chronic obstructive pulmonary disease (COPD) and respiratory disorders in the region contributes to this steady growth. The Middle East and Africa region is expected to experience moderate growth in the market, with an estimated CAGR of 6.3%. Latin America holds a smaller share of the market but is also poised for growth, with a CAGR of 7.0%. Opportunities in these regions arise from expanding healthcare facilities and improving medical device adoption rates. With continuous advancements in technology, cost effective PSA oxygen concentrators are expected to gain traction in both developed and developing regions.
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Yuyue Medical
Teijin Pharma
Philips
Delta P Srl
Beijing Shenlu
Novair Medical
Precision Medical
SYSADVANCE
NUZHUO
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Medical Pressure Swing Adsorption (PSA) Oxygen Concentrators Market
VPSA (Vacuum Pressure Swing Adsorption)
PSA (Pressure Swing Adsorption)
Medical Oxygen Therapy
Industrial Applications
Emergency Medical Services
Homecare Oxygen Therapy
Hospitals
Clinics
Ambulatory Surgical Centers
Home Healthcare Settings
Portable Oxygen Concentrators
Stationary Oxygen Concentrators
Continuous Flow Oxygen Concentrators
Pulsed Dose Oxygen Concentrators
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Medical Pressure Swing Adsorption (PSA) Oxygen Concentrators Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Medical Pressure Swing Adsorption (PSA) Oxygen Concentrators Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Medical Pressure Swing Adsorption (PSA) Oxygen Concentrators Market, By Type
6. Global Medical Pressure Swing Adsorption (PSA) Oxygen Concentrators Market, By Application
7. Global Medical Pressure Swing Adsorption (PSA) Oxygen Concentrators Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Medical Pressure Swing Adsorption (PSA) Oxygen Concentrators Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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