Global Oxygen Therapy Market Report and Forecast 2025-2034

Oxygen Therapy Market Overview

Oxygen therapy is a medical treatment that provides extra oxygen to individuals with low oxygen levels in their blood. It is commonly used for conditions like chronic obstructive pulmonary disease (COPD), pneumonia, or sleep apnea. The therapy helps improve oxygen saturation, enhancing breathing and overall organ function. Oxygen can be administered through nasal prongs, face masks, or more advanced devices like ventilators, depending on the severity of the condition. It is typically prescribed by a healthcare professional to ensure safe and effective use tailored to individual needs.

Oxygen Therapy Market Growth Drivers

Increasing Research and Clinical Trials Enhance the Oxygen Therapy Market

As the global focus shifts towards enhancing treatment options for neurological conditions and improving patient care, the oxygen therapy market is set to expand. For instance, In December  2024, USF Health initiated a state-funded clinical trial exploring the impact of hyperbaric oxygen therapy (HBOT) on Florida service members and veterans suffering from traumatic brain injury (TBI). This five-year study, which is among the most rigorous of its kind, could provide critical insights into the effectiveness of HBOT in treating neurological diseases. The results from this large-scale trial, if successful, will likely drive greater adoption of hyperbaric oxygen therapy, increasing demand and shaping the market for neurological treatments.

Technological Advancements in Portable Oxygen Concentrators to Fuel Oxygen Therapy Market Value

Technological advancements are a key driver of the oxygen therapy market's expansion, particularly in homecare settings. For instance, in October  2024, Inogen, launched the Inogen Rove 4™ Portable Oxygen Concentrator, designed to offer enhanced functionality and flexibility for patients requiring medical oxygen. With its lightweight design, multiple battery configurations, and the ability to deliver up to 840 ml/min of oxygen, the device offers patients greater mobility and convenience. The launch of such advanced, user-friendly products is expected to expand the market by empowering patients to continue their daily activities with ease, driving the growth of portable oxygen devices in homecare markets globally.

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Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Oxygen Therapy Market Trends

Oxygen Therapy Market Segmentation

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Oxygen Therapy Market Share

Market Share by Product to Undergo Notable Growth 

Oxygen source equipment, especially oxygen concentrators are expected to hold a notable market share due to their growing demand in both homecare and hospital settings. The increasing prevalence of chronic respiratory diseases, such as COPD and asthma, has significantly driven the adoption of oxygen concentrators. These devices offer continuous oxygen supply, making them essential for long-term therapy. With advancements in technology, newer, more efficient models are emerging, fuelling their market growth. The demand for portable oxygen concentrators, offering greater convenience, is poised to drive further growth in the forecast period, solidifying this segment’s dominance.

Oxygen Therapy Market by Portability to Undergo Significant Growth 

Portable devices are the leading segment in oxygen therapy by portability, driven by the increasing need for flexible, on-the-go solutions for patients with chronic respiratory conditions. Portable oxygen concentrators and cylinders allow patients to maintain mobility whilez receiving therapy, which is crucial for improving their quality of life. The rising elderly population and growing awareness of portable oxygen solutions are significant drivers. Future growth is expected from innovations in lightweight, battery-efficient devices, which will continue to enhance patient experience and support the increasing trend towards homecare and ambulatory care settings, leading to market expansion.

Chronic Obstructive Pulmonary Disease to Lead the Oxygen Therapy Market Segmentation by Application

Chronic Obstructive Pulmonary Disease (COPD) is the leading application segment for oxygen therapy, primarily due to its high prevalence globally. COPD patients require long-term oxygen therapy to improve oxygen saturation levels, particularly during the advanced stages of the disease. The rising incidence of smoking-related diseases and air pollution contributes to the expanding patient base. With increasing awareness and improved diagnostic methods, more patients are being identified early, leading to a higher demand for oxygen therapy. As COPD continues to be a major health concern, this segment is set for continued market growth throughout the forecast period.

Hospitals and Clinics to Hold a Major Share of the End User Segment

Hospitals and clinics remain the dominant end-user segment for oxygen therapy, as these settings manage critical patients with respiratory diseases requiring intensive treatment. The continuous increase in hospital admissions due to respiratory diseases and the need for medical interventions contribute to the high market share in this segment. Furthermore, advancements in hospital infrastructure and the adoption of modern oxygen therapy devices are driving this trend. As the healthcare sector continues to prioritise respiratory care, particularly post-pandemic, hospitals and clinics are poised to maintain their leadership, further accelerating market growth in the coming years.

Oxygen Therapy Market Analysis by Region

The North American region will likely hold a notable market share, primarily driven by advanced healthcare infrastructure, high healthcare spending, and a well-established regulatory environment. The growing prevalence of respiratory diseases, such as COPD and asthma, further propels the demand for oxygen therapy solutions. Additionally, increasing awareness about the benefits of oxygen therapy, coupled with the ageing population, enhances market growth. The presence of leading oxygen therapy equipment manufacturers and extensive insurance coverage also contributes to North America's dominance.

Europe is also poised to witness growth, with strong demand from countries like Germany, the UK, and France. Factors such as rising chronic disease incidences, government healthcare investments, and advancements in oxygen therapy technologies drive the market in Europe, ensuring steady growth.

Leading Players in the Oxygen Therapy Market

Other key players in the market include Becton, Dickinson and Company, Smith Pharmacy, Drägerwerk AG & Co. KGaA, Teleflex Incorporated, and Fisher & Paykel Healthcare Corporation Limited.

Key Questions Answered in the Oxygen Therapy Market

• What was the oxygen therapy market value in 2024?
• What is the oxygen therapy market forecast outlook for 2025-2034?
• What is market segmentation based on product?
• How is the market segmented based on portability?
• How is the market segmented based on application?
• How is the market segmented based on the end users?
• What are the major factors aiding the oxygen therapy market demand?  
• How has the market performed so far and how is it anticipated to perform in the coming years? 
• What are the market's major drivers, opportunities, and restraints?
• What are the major oxygen therapy market trends?
• Which product will lead the market segment?  
• Which portability will lead the market segment?  
• Which application will lead the market segment?  
• Which end user will lead the market segment?  
• Who are the key players involved in the oxygen therapy market? 
• What is the patent landscape of the market? 
• What are the current unmet needs and challenges in the market?
• How are partnerships, collaborations, mergers, and acquisitions among the key market players shaping the market dynamics?