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.
Cavagna Group S.p.A.
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.
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.
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Oxygen Concentrators Market Overview
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.Oxygen Concentrators Market Growth Drivers
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.Oxygen Concentrators Market Trends
The market is witnessing several trends and developments to improve the current global scenario. Some of the notable trends are as follows:
Rising Preference for Portable Oxygen Concentrators Impacts Market Landscape
The market is witnessing a rising preference for portable oxygen concentrators as they provide better flexibility and independence to patients requiring oxygen therapy. These portable devices are compact, lightweight, and have rechargeable batteries, which makes it easy to carry them while traveling or performing outdoor activities. The rising adoption of portable oxygen concentrators among active patients is anticipated to shape the market landscape.Integration of Smart Technologies to Augment Oxygen Concentrators Market Size
The rising integration of smart technologies into oxygen concentrators is a significant market trend, projected to amplify the market size. To improve the functionality and user experience of oxygen concentrators, manufacturers are adding features such as remote monitoring, Bluetooth connectivity, and integration with mobile apps in these devices. Such innovations are likely to make oxygen therapy more personalized and efficient for the patient, thereby driving market expansion.Shift Towards Home Healthcare to Boost Oxygen Concentrators Market Demand
One of the major market trends is the shift towards home healthcare, which is driving the demand for oxygen concentrators designed for home settings. Modern oxygen concentrators, developed for home use, are often integrated with advanced features such as quiet operation, user-friendly interfaces, and easy maintenance. Since home healthcare is generally more cost-effective than hospital-based care, the demand for home-based oxygen concentrators is likely to grow in the forecast period.Substantial Investments in Research and Development to Elevate Oxygen Concentrators Market Value
The market is experiencing an increasing investment in research and development (R&D) focused on developing advanced oxygen concentrators that offer higher efficiency and safety features as well as better user experience. Intensive R&D efforts are also aimed at reducing the price of oxygen concentrators to make them more affordable to a larger patient population. Thus, the rising financial support for such research activities is poised to elevate the market value in the coming years.Oxygen Concentrators Market Segmentation
The 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:
- Portable Oxygen Concentrators
- Stationary Oxygen Concentrators
Market Breakup by Technology:
- Continuous Flow
- Pulse Flow
Market Breakup by Capacity:
- Below 5 L
- 5 L - 10 L
- More than 10 L
Market Breakup by End-User:
- Homecare
- Hospitals & Clinics
- Ambulatory Surgical Centers
- Others
Market Breakup by Sales Channel:
- Direct Sales
- Indirect Sales (Distributors/Wholesalers)
Market Breakup by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Oxygen Concentrators Market Share
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.Oxygen Concentrators Market Analysis by Region
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.Leading Players in the Oxygen Concentrators Market
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:BPL Medical Technologies
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.
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.
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.
Chart Industries
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.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.
Key Questions Answered in the Oxygen Concentrators Market Report
- What was the global oxygen concentrators market value in 2024?
- What is the global oxygen concentrators market forecast outlook for 2025-2034?
- What are the regional markets covered in the report?
- What is market segmentation based on product type?
- What is the market breakup based on technology?
- What is the market breakup by capacity?
- Who are the major end users in the market?
- What is the market segmentation by sales channel?
- What are the major factors aiding the global oxygen concentrators 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?
- Which regional market is expected to lead the market share in the forecast period?
- Which country is expected to experience expedited growth during the forecast period?
- How do the prevalence and incidence of respiratory diseases affect the market landscape?
- What are the major global oxygen concentrators market trends?
- How does the rise in the geriatric population impact the market size?
- Which product type will dominate the market share?
- Which technology will experience the highest demand in the market segment?
- Which capacity of oxygen concentrators is expected to have a high market value in the coming years?
- Which end user is projected to contribute to the highest market growth?
- Which sales channel is poised to dominate the market share?
- Who are the key players involved in the oxygen concentrators 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?
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Table of Contents
1 Preface
3 Global Oxygen Concentrators Market Overview
4 Vendor Positioning Analysis
5 Global Oxygen Concentrators Market Landscape
6 Global Oxygen Concentrators Market Dynamics
7 Global Oxygen Concentrators Market Segmentation (218-2034)
8 North America Oxygen Concentrators Market (218-2034)
9 Europe Oxygen Concentrators Market (218-2034)
10 Asia Pacific Oxygen Concentrators Market (218-2034)
11 Latin America Oxygen Concentrators Market (218-2034)
12 Middle East and Africa Oxygen Concentrators Market (218-2034)
13 Regulatory Framework
14 Patent Analysis
15 Strategic Initiatives
16 Supplier Landscape
17 Global Oxygen Concentrators Market - Distribution Model (Additional Insight)
Companies Mentioned
- BPL Medical Technologies
- CAIRE Inc.
- Cavagna Group S.p.A.
- Chart Industries
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 400 |
| Published | June 2025 |
| Forecast Period | 2025 - 2034 |
| Estimated Market Value ( USD | $ 3.01 Billion |
| Forecasted Market Value ( USD | $ 6.77 Billion |
| Compound Annual Growth Rate | 8.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 4 |
