Press release
Oxygen Concentrators Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
Oxygen Concentrators
The rise in incidences of respiratory ailments worldwide is contributing to the expansion of the oxygen concentrators market. Asthma and chronic obstructive pulmonary disease (COPD) are the globally prevailing chronic respiratory illnesses. For instance, as per a report by the American Lung Association released in February 2023, over 34 million Americans are affected by chronic lung diseases such as asthma, COPD, emphysema, and chronic bronchitis. Furthermore, over 25 million Americans, including more than 4 million children, struggle with breathing issues attributed to asthma. Consequently, the uptick in respiratory disorders incidence rates are bolstering the growth of the oxygen concentrators market.
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How will the growth rate of the oxygen concentrators market shape industry trends by 2034?
The size of the oxygen concentrators market has seen substantial expansion in the last few years. A surge from $2.27 billion in 2024 to $2.39 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 5.3%, is predicted. The rampant growth during the historical period is due to factors such as the expansion of emerging markets, low-interest rates, a surge in respiratory ailments, an aging population, increasing levels of pollution, the COVID-19 outbreak, and a rise in the number of smokers, particularly in developing countries.
An expansion is predicted for the oxygen concentrators market size in the forthcoming years, with an expected value of $3.18 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 7.4%. This surge during the prediction period can be credited to factors such as a growing elderly populace, amplified attention to home healthcare, access to better healthcare facilities, and progressive technological breakthroughs. Primary trends anticipated in the forecast period include the initiation of intelligent oxygen concentrators, portable oxygen concentrators, an increase in collaborations and buyouts, technological progressions, the emergence of new payment schemes, and a rising count of patent applications.
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How are the latest trends influencing the growth of the oxygen concentrators market?
Firms within the oxygen concentrators industry are progressively investing in advancements such as artificial intelligence and cost-effective mobile devices to enhance their oxygen concentrators' functionality. The pandemic has driven an escalating requirement for portable, affordably priced concentrators. For instance, in March 2024, Drive DeVilbiss Healthcare, an American manufacturer of robust medical equipment, along with Sanrai International, a US company known for its innovative medical equipment, launched the PulmO2 10L Oxygen Concentrator. The equipment is designed for energy efficiency and durability, making it perfect for demanding clinical surroundings. The PulmO2 aims to provide trustworthy oxygen therapy, particularly in places with limited resources, and it's projected to substantially reduce energy expenses in comparison to the traditional 10L concentrator.
Which primary segments of the oxygen concentrators market are driving growth and industry transformations?
The oxygen concentrators market covered in this report is segmented -
1) By Type: Portable, Stationary
2) By Technology: Pulse Dose, Continuous Flow
3) By Application: Chronic Obstructive Pulmonary Disease (COPD), Lung Cancer, Pneumonia, Other Applications
4) By End User: Hospitals, Home Care, Other End Users
Subsegments:
1) By Portable: Battery-Operated Portable Concentrators, Travel-Friendly Models, Compact And Lightweight Designs
2) By Stationary: Continuous Flow Concentrators, Pulse Dose Concentrators, High-Flow Stationary Models
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Which geographical regions are pioneering growth in the oxygen concentrators market?
North America was the largest region in the oxygen concentrators market in 2024. Europe was the second-largest region in the oxygen concentrators market. The regions covered in the oxygen concentrators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the oxygen concentrators market landscape?
Major companies operating in the oxygen concentrators market include Inogen Inc, Koninklijke Philips N.V, Invacare Corporation, CAIRE Inc, O2 Concepts LLC, Nidek Medical Products Inc., Precision Medical Inc, Drive Devilbiss Healthcare Ltd, 3B Medical Inc, BPL, Evox Oxygen Concentrators, Nanjing Everich Medicare Import & Export Co. Ltd, AngelBiss Medical Technology Co. Ltd, Hefei DX Medical Co. Ltd, Longfian Scitech Co. Ltd, Air Liquide Sanita Service, Pure O2, Heinen + Lowenstein GmbH & Co. KG, DeVilbiss Healthcare GmbH, Chart Industries Inc, White Martins, Linde Plc, ResMed
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What Is Covered In The Oxygen Concentrators Global Market Report?
• Market Size Forecast: Examine the oxygen concentrators market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the oxygen concentrators market for a structured understanding.
• Key Players Overview: Analyze major players in the oxygen concentrators market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the oxygen concentrators market.
• Segment Contributions: Evaluate how different segments drive overall growth in the oxygen concentrators market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the oxygen concentrators market.
• Industry Challenges: Identify potential risks and obstacles affecting the oxygen concentrators market.
• Competitive Landscape: Review strategic developments in the oxygen concentrators market, including expansions, agreements, and new product launches.
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