Portable Oxygen Concentrators Market is projected to grow to USD 6.46 billion by 2033 | Inogen Inc, GCE Group, Timago, CAIRE Inc, ResMed, BPL Medical

The global portable oxygen concentrators market was valued at USD 2.32 billion in 2024 and is projected to grow to USD 6.46 billion by 2033, registering a compound annual growth rate (CAGR) of 12.1% during the forecast period from 2025 to 2033.

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Portable Oxygen Concentrators Market Overview 2025:

The global market for portable oxygen concentrators is witnessing strong growth, primarily fueled by the increasing incidence of respiratory conditions such as chronic obstructive pulmonary disease (COPD), asthma, and sleep apnea. The expanding elderly population, many of whom require continuous oxygen support, is also a key driver. In addition, the shift toward home-based and mobile healthcare accelerated by the COVID-19 pandemic has heightened the demand for compact, easy-to-use oxygen delivery systems. Ongoing technological innovations are further enhancing the functionality and reliability of these devices, positioning them as vital components in the management of chronic respiratory diseases.

Portable Oxygen Concentrators Market: Industry Drivers

Rising Adoption of Portable Oxygen Concentrators Driving Market Growth

The portable oxygen concentrators (POCs) market is experiencing accelerated growth, largely attributed to the increasing adoption of these devices across various patient populations. This trend is supported by advancements in technology, shifting healthcare preferences, and the growing need for mobility-friendly oxygen therapy solutions.

As the global population continues to age, there is a notable rise in age-related respiratory conditions, particularly chronic obstructive pulmonary disease (COPD) and other long-term pulmonary illnesses. Older adults are especially susceptible to these conditions, often requiring sustained oxygen support. According to the American Lung Association, COPD affects approximately 11.7 million adults in the United States and results in hundreds of thousands of emergency room visits annually contributing to substantial healthcare costs.

The demand for portable solutions has increased as elderly patients seek devices that enable greater independence and mobility. For example, the National Institutes of Health reported that in 2024, roughly 1.5 million patients in the U.S. were receiving long-term oxygen therapy each year. This growing patient base significantly contributes to the rising need for portable oxygen concentrators.

Compared to traditional oxygen tanks or stationary systems, POCs offer greater flexibility by allowing users to move freely within their homes and participate in outdoor activities. Recent innovations have made these devices lighter, more compact, and easier to use. Improvements in battery technology have also enhanced portability, providing longer usage times and increasing user comfort making modern POCs a more attractive option for individuals requiring continuous oxygen therapy.

Overall, the rising preference for mobility, independence, and convenience combined with a growing elderly population and technological progress is expected to continue driving the expansion of the portable oxygen concentrators market in the years ahead.

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Strategic Players Driving the Portable Oxygen Concentrators Market Forward: Inogen, Inc., Koninklijke Philips N.V., Pure O2 Ltd, Belluscura, BPL Medical Technologies, GCE Group, Timago, CAIRE Inc., ResMed, and Invacare Corporation.

Research Methodology:

The global Portable Oxygen Concentrators Market research report employs a comprehensive dual-source approach, integrating both primary and secondary data collection methods to ensure robust market analysis. Our research framework systematically evaluates multiple industry-influencing variables, including regulatory frameworks and government policies, prevailing market conditions, competitive intensity levels, historical performance data, current market positioning, technological innovations and disruptions, emerging industry developments, cross-sector business impacts, market volatility patterns, growth prospects, potential market barriers, and strategic challenges facing industry participants.

Segment Covered in the Portable Oxygen Concentrators Market:

By Type (Continuous Flow, Pulse Dose)

By Application (Asthma, COPD, Respiratory Distress Syndrome, Others)

By End-User (Homecare, Hospitals, Ambulatory Surgical Centers, Others)

By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

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Latest Industry Development:

Inogen: On June 23, 2025, Inogen launched the Voxi 5 stationary oxygen concentrator (SOC) delivering continuous flow (1-5 L/min), featuring quiet operation, compact design with caster wheels, and a 3‐year sieve‐bed warranty.

OxyGo: March 2021: OxyGo acquired LIFE Corporation, a manufacturer of portable emergency oxygen and CPR equipment-strengthening its product lineup and market reach.

Inogen & Yuwell (Strategic Stake): February 2025: Inogen invested US $27.2 million to acquire a 9.9% stake in Chinese device maker Yuwell, aiming to secure APAC manufacturing and distribution channels

Regional Analysis for Portable Oxygen Concentrators Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Most Frequently Asked Questions in the Portable Oxygen Concentrators Market Research Industry:

➠ Who leads the Portable Oxygen Concentrators industry and what's their competitive positioning regarding capacity, performance, and profitability?

➠ What growth opportunities and market challenges do Portable Oxygen Concentrators market vendors face?

➠ Which segments show the highest growth potential and market share distribution?

➠ What factors are driving or limiting Portable Oxygen Concentrators market growth?

➠ What are the dominant sales and distribution strategies in the Portable Oxygen Concentrators industry?

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