Oxygen Concentrator Market Revenue was valued at USD 2.1 Billion in 2024 and is estimated to reach USD 4.5 Billion by 2033, growing at a CAGR of 9.2% from 2026 to 2033.
The global oxygen concentrator market was valued at approximately USD 2.2 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of around 10.4% from 2023 to 2030. The increasing prevalence of respiratory diseases, such as Chronic Obstructive Pulmonary Disease (COPD) and other chronic respiratory conditions, has significantly contributed to the demand for oxygen concentrators. These devices offer a reliable source of oxygen for patients who require supplemental oxygen therapy, enhancing patient mobility and comfort. The home healthcare segment, along with the rising adoption of portable oxygen concentrators, is expected to drive market growth, offering convenience for patients in need of long term oxygen therapy at home. The market growth is also supported by technological advancements, such as battery operated systems and lighter, more efficient devices for better patient experience and accessibility.
Regionally, North America held the largest share of the oxygen concentrator market in 2022, accounting for more than 40% of the global market. This is attributed to the high adoption of advanced healthcare technologies, a well established healthcare infrastructure, and the growing aging population. Europe followed closely, with the presence of robust healthcare systems and an increasing number of respiratory diseases driving demand. The Asia Pacific region is expected to witness the highest growth during the forecast period, with a projected CAGR of 11.3%. The increasing awareness of respiratory health and healthcare access improvements in countries such as India and China are key drivers for market growth in this region. Latin America and the Middle East & Africa regions are also witnessing gradual market growth due to an increase in the prevalence of respiratory disorders and expanding healthcare access in these regions.
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Braun and Company
Air Liquide
CareFusion
Chart Industries
DeVilbiss Healthcare
Drive Medical
Respiration Equipment
Respironics
Providence Global Medical
Intersurgical
Eget Hi-Tech
Race Medical
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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 Oxygen Concentrator Market
Portable Oxygen Concentrators
Stationary Oxygen Concentrators
Fixed Oxygen Concentrators
Continuous Flow Concentrators
Pulse Dose Concentrators
Both Continuous and Pulse Flow Concentrators
Hospitals and Clinics
Home Healthcare
Nursing Facilities
Emergency Services
Medical Use
Aesthetic or Beauty Use
Sports and Fitness Use
Industrial Use
Direct Sales
Retail Pharmacies
Online Pharmacies
Medical Equipment Retailers
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 Oxygen Concentrator 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 Oxygen Concentrator Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Oxygen Concentrator Market, By Type
6. Global Oxygen Concentrator Market, By Application
7. Global Oxygen Concentrator Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Oxygen Concentrator Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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