Oxygen Source Equipment Market Report 2025

The oxygen source equipment market size has grown rapidly in recent years. It will grow from $3.59 billion in 2024 to $3.97 billion in 2025 at a compound annual growth rate (CAGR) of 10.6%. This growth during the historical period is attributed to several key factors, including a rise in chronic obstructive pulmonary disease (COPD) cases, an aging population, a growing number of respiratory illness diagnoses, increasing recognition of the benefits of oxygen therapy, and a surge in trauma and emergency incidents.

The oxygen source equipment market size is expected to see rapid growth in the next few years. It will grow to $5.87 billion in 2029 at a compound annual growth rate (CAGR) of 10.3%. This anticipated growth in the forecast period is driven by rising adoption of portable oxygen concentrators, advancements in telehealth for respiratory care, worsening air quality, increasing long-term oxygen therapy users, and the expanding preference for home-based palliative treatment. Key market trends expected include the innovation of wearable oxygen devices, adoption of IoT-enabled monitoring systems, further miniaturization of concentrators, energy-efficient oxygen generation technologies, AI-integrated oxygen flow controls, and enhanced real-time usage data tracking.

The increasing prevalence of respiratory diseases is expected to propel the growth of the oxygen source equipment market going forward. Respiratory diseases refer to medical conditions that affect the lungs and other parts of the respiratory system, making breathing difficult. The rising prevalence of respiratory diseases is primarily due to increasing air pollution and exposure to environmental toxins which damage lung tissue, reduce respiratory function, and trigger or exacerbate conditions such as asthma, chronic obstructive pulmonary disease (COPD), and lung cancer. Oxygen source equipment is used in respiratory diseases to deliver supplemental oxygen, helping maintain adequate blood oxygen levels when the lungs are unable to do so effectively. For instance, in February 2024, according to the UK Health Security Agency, a UK-based government agency, in 2023, England recorded a 10.7% year-over-year increase in tuberculosis (TB) cases, with reported cases rising from 4,380 in 2022 to 4,850. Therefore, the increasing prevalence of respiratory diseases is driving the growth of the oxygen source equipment market.

Major players in the oxygen source equipment market are prioritizing the development of innovative products like portable oxygen concentrators, aiming to enhance patient independence, improve lifestyle quality, and meet rising demand for travel-friendly and home-use respiratory care devices. A portable oxygen concentrator is a compact device that isolates and supplies concentrated oxygen from the surrounding air, enabling users to receive oxygen therapy while remaining active. For example, in October 2024, Inogen, a U.S.-based medical technology firm, introduced the Rove 4 - a lightweight portable oxygen concentrator that weighs less than 3 pounds. It offers four flow settings and delivers up to 840 ml/min of oxygen. The device features three battery options, providing up to 5 hours and 45 minutes of continuous operation, supporting patient mobility and daily functioning.

In September 2022, Atlas Copco, a Sweden-based manufacturer of industrial equipment, acquired Oxymat A/S for an undisclosed sum. This acquisition was intended to bolster Atlas Copco’s presence in the on-site gas generation space and broaden its industrial gas solutions capabilities. Oxymat A/S is a Denmark-based company that manufactures customized oxygen generators for use in both medical and industrial contexts.

Major players in the oxygen source equipment market are Medtronic plc, Air Liquide Healthcare, Koninklijke Philips N.V., GCE Healthcare, Teijin Limited, ResMed Inc., Fisher & Paykel Healthcare, Invacare Corporation, Contec Medical Systems, Inogen Inc., Drive DeVilbiss Healthcare, CAIRE Inc. (Chart Industries), Precision Medical Inc., OxyGo LLC, O2 Concepts LLC, Longfian Scitech Co. Ltd., Nidek Medical Products, Besco Medical Limited, Scaleo Medical SAS, Oxus Inc.

North America was the largest region in the oxygen source equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in oxygen source equipment report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the oxygen source equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The oxygen source equipment market consists of sales of oxygen generators, regulators and valves, oxygen tubing, oxygen masks, and cannulas. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The fast surge in U.S. tariffs and the trade tensions that followed in spring 2025 are heavily affecting the medical equipment sector, particularly for imported imaging machine components, surgical-grade stainless steel, and plastic disposables. Hospitals and clinics resist price hikes, pressuring manufacturers’ margins. Regulatory hurdles compound the problem, as tariff-related supplier changes often require re-certification of devices, delaying time-to-market. Companies are mitigating risks by dual-sourcing critical parts, expanding domestic production of commoditized items, and accelerating R&D in cost-efficient materials.

The oxygen source equipment market research report is one of a series of new reports that provides oxygen source equipment market statistics, including the oxygen source equipment industry global market size, regional shares, competitors with the oxygen source equipment market share, detailed oxygen source equipment market segments, market trends, and opportunities, and any further data you may need to thrive in the oxygen source equipment industry. This oxygen source equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Oxygen source equipment encompasses a wide range of devices used in medical and industrial applications to generate, concentrate, store, or supply oxygen in a controlled and efficient way. These systems are essential for providing respiratory support to patients, supporting industrial operations requiring high-purity oxygen, or maintaining safe and functional oxygen levels in specific environments. This category includes various oxygen delivery technologies that ensure a consistent and accessible oxygen supply across different usage scenarios and industries.

The primary product categories within oxygen source equipment include oxygen cylinders, oxygen concentrators, liquid oxygen equipment, oxygen systems for industrial purposes, and portable oxygen systems. Oxygen cylinders are pressurized containers that store and transport medical-grade oxygen for use in emergencies or therapeutic applications. Delivery methods for these products include gas delivery systems, cryogenic liquid systems, portable systems, pipeline systems, and bulk oxygen supply systems. These devices are widely used across multiple application areas such as hospitals, clinics, and other care facilities. The major end-user segments for these products include healthcare and medical, aerospace and aviation, industrial manufacturing, water treatment plants, and the energy and power generation industries.

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.