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The global oxygen concentrators market was valued at USD 3.01 Billion in 2024, driven by the increasing prevalence of respiratory diseases and the rising demand for portable oxygen concentrators across the globe. The market is expected to grow at a CAGR of 8.44% during the forecast period of 2025-2034, with the values likely to reach USD 6.77 Billion by 2034.
Base Year
Historical Year
Forecast Year
The increasing prevalence of chronic obstructive pulmonary disease and other respiratory disorders such as asthma and pneumonia are driving the demand for oxygen concentrators.
The market value is impacted by the rising integration of smart technologies into oxygen concentrators and increasing investment in research and development (R&D) focused on developing innovative oxygen concentrator devices.
One of the major market trends is the shift towards home healthcare, which is driving the demand for portable oxygen concentrators designed for home settings.
Value in USD Billion
2025-2034
Oxygen Concentrators Market Outlook
*this image is indicative*
Oxygen concentrators are medical devices that help concentrate oxygen from a gas supply, allowing the patient to breathe up to 90-95% pure oxygen. They are designed to deliver oxygen therapy in hospital and homecare settings. It is estimated that around 1.5 million Americans rely on an oxygen concentrator for supplemental oxygen therapy. The market for oxygen concentrators is propelled by the increasing burden of respiratory conditions that necessitate the use of these devices for short-term or long-term oxygen therapy. The growing population of older adults who are more prone to developing respiratory issues is also a significant market driver. Further, the rising preference for portable oxygen concentrators is one of the major market trends that is poised to shape the market dynamics. Moreover, the increasing investment in R&D activities and the rising healthcare expenditure are some of the factors that are anticipated to aid market expansion.
Increasing Prevalence of Respiratory Diseases to Fuel the Market Growth
Recent data reveals that the prevalence of chronic obstructive pulmonary disease (COPD) is around 12% in the global population. According to the World Health Organisation (WHO), COPD ranks as the third leading cause of death, with about 90% of COPD deaths in people aged under 70 years occurring in low-and-middle-income countries. The rising prevalence of chronic obstructive pulmonary disease and other respiratory disorders such as asthma and pneumonia is a significant growth driver of the market. In addition, the increasing aging population, which is more susceptible to respiratory diseases and other chronic conditions that require the use of oxygen concentrators, is expected to fuel the market growth.
The market is witnessing several trends and developments to improve the current global scenario. Some of the notable trends are as follows:
The EMR’s report titled “Oxygen Concentrators Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type:
Market Breakup by Technology:
Market Breakup by Capacity:
Market Breakup by End-User:
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Market Breakup by Region:
Market Segmentation Based on Technology Type is Poised to Witness Substantial Growth
The market segmentation by technology includes continuous flow oxygen concentrators and pulse flow oxygen concentrators. Continuous flow oxygen concentrators are medical devices that provide a constant and steady flow of oxygen to the patient whereas pulse flow oxygen concentrators provide oxygen in pulses or bursts, aligning with the patient's inhalation patterns. The continuous flow oxygen concentrators segment generates significant demand in the market due to their ability to deliver a higher oxygen output compared to pulse flow models, thereby making them essential for patients needing long-term oxygen therapy. Moreover, this segment is widely used by patients with severe and chronic respiratory diseases that require a consistent flow of oxygen.
Based on regions, North America holds a significant share of the market which can be attributed to the high prevalence of respiratory diseases and the greater access to advanced medical technologies in the region. The increasing aging population in countries like the United States further propels the demand for oxygen concentrators for older adults requiring long-term oxygen therapy. Moreover, the presence of a well-established healthcare system and heightened awareness about respiratory health also support the market expansion.
The key features of the market report comprise the patent analysis and strategic initiatives by the leading key players including mergers, collaborations and new product launches. The major companies in the market are as follows:
India-based medical equipment manufacturer BPL Medical Technologies is one of the leading players in the market. The company is known for its portable and stationary oxygen concentrators integrated with innovative features. One of its key products is Oxy 5 Neo Dual oxygen concentrator which provides 93% oxygen purity.
CAIRE Inc., a leading provider of oxygen technologies and innovative healthcare products, has a prominent presence in the market. The company is known for its lightweight and user-friendly products such as its FreeStyle® Comfort® Portable Oxygen Concentrator.
Cavagna Group S.p.A., headquartered in Italy, boasts a robust portfolio of oxygen concentrators and related equipment that are widely used for medical applications. With an established expertise in gas control technology, the company leverages its strong international presence to reinforce its market position.
Headquartered in Georgia, United States, Chart Industries is a key manufacturer of highly engineered equipment for the industrial gas, energy, and biomedical sectors. The company’s medical oxygen concentrators and advanced cryogenic systems are recognized for their high quality and reliability.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the market include Drive DeVilbiss International, GCE Group, Inogen Inc., Koninklijke Philips N.V., Longfian Scitech Co. Ltd., Narang Medical Limited, Nidek Medical Products Inc., and Timago.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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REPORT FEATURES | DETAILS |
Base Year | 2024 |
Historical Period | 2018-2024 |
Forecast Period | 2025-2034 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Technology |
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Breakup by Capacity |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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