Global Surge In Respiratory Disorders Propels Growth Of The Oxygen Concentrators Market: Critical Driver Shaping the Oxygen Concentrators Market in 2025

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What Is the Expected CAGR for the Oxygen Concentrators Market Through 2025?
The market size for oxygen concentrators has significantly expanded over the past few years, with predicted growth from $2.27 billion in 2024 to $2.39 billion in 2025. The compound annual growth rate (CAGR) is estimated at 5.3%. Various factors contributed to this past growth, including the development of emerging markets, an environment of low interest rates, increased occurrences of respiratory ailments, a growing elderly population, high pollution levels, the COVID-19 pandemic, and a surge in the number of smokers in developing countries.

What's the Projected Size of the Global Oxygen Concentrators Market by 2029?
The market size for oxygen concentrators is anticipated to witness robust growth in the upcoming years. It is predicted to reach $3.18 billion in 2029, with a compound annual growth rate (CAGR) of 7.4%. Such growth during the forecast period can be ascribed to factors such as the rising elderly populace, growing emphasis on home healthcare, enhanced accessibility to healthcare, and technological advancements. The forecast period will display significant trends like the development of smart and portable oxygen concentrators, an increase in collaborations and buyouts, advancements in technology, introduction of novel payment strategies, and a mounting count of patent submissions.

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Top Growth Drivers in the Oxygen Concentrators Industry: What's Accelerating the Market?
The rise in respiratory disorders worldwide is fueling the oxygen concentrators market's expansion. Asthma and chronic obstructive pulmonary disease (COPD) are prevalent chronic respiratory illnesses worldwide. A case in point being a report from the American Lung Association in February 2023. This US-based lung health and preventative lung disease association reported that over 34 million Americans suffer from chronic lung illnesses like asthma and COPD, comprising emphysema and chronic bronchitis. Furthermore, over 25 million Americans, including more than 4 million children, struggle with asthma-triggered breathing problems. Hence, the growing incidence of respiratory illnesses is propelling the oxygen concentrators market's growth.

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What Trends Will Shape the Oxygen Concentrators Market Through 2029 and Beyond?
There is a noticeable shift in the oxygen concentrators market where businesses are directing their investments towards the incorporation of artificial intelligence and low-cost portable devices to enhance their oxygen concentrators' effectiveness. The demand for portable, affordable concentrators has seen a significant rise, particularly during the pandemic. For example, Drive DeVilbiss Healthcare, a well-established manufacturer of long-lasting medical equipment based in the United States, collaborated with Sanrai International, another US-based firm specializing in innovative medical equipment. Together, they launched the PulmO2 10L Oxygen Concentrator in March 2024. The device's design emphasizes energy efficiency and durability, fitting for intensive clinical settings. PulmO2 is devised to provide dependable oxygen therapy, especially in areas with limited resources, and is projected to reduce energy expenses considerably when compared to the conventional 10L concentrator.

What Are the Main Segments in the Oxygen Concentrators Market?
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 Top Companies are Driving Growth in the Oxygen Concentrators Market?
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

Which Regions Will Dominate the Oxygen Concentrators Market Through 2029?
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.

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