Oxygen Source Equipment Industry to Achieve $5.87 Billion Growth by 2029

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How Will the Oxygen Source Equipment Market Grow by 2025 in Terms of Size and Growth?
The market size of oxygen source equipment has expanded swiftly in the prior years. There is an anticipated increase from $3.59 billion in 2024 to $3.97 billion in 2025, experiencing a compound annual growth rate (CAGR) of 10.6%. The historic period growth can be linked to the escalating prevalence of chronic obstructive pulmonary disease (COPD), a surge in the elderly population, rising respiratory disorders, growing cognizance of the advantages of oxygen therapy, and an increase in trauma and emergency cases.

What Are the Estimated Growth Rates for the Oxygen Source Equipment Industry Through 2029?
Anticipated robust growth in the oxygen source equipment market will likely propel its size to an impressive $5.87 billion by 2029, expanding at a compound annual growth rate (CAGR) of 10.3%. This significant growth during the forecast period will likely be driven by an increasing need for portable oxygen concentrators, improvement and spread of telehealth-based respiratory healthcare, escalating air pollution, a rise in the number of patients requiring long-term oxygen therapy, and growth in home-based palliative care services. Key innovative trends expected during the forecast period encompass the creation of wearable devices for oxygen delivery, the implementation of IoT-connected oxygen monitors, miniaturization of oxygen concentrators, oxygen generation systems with better energy efficiency, AI-infused oxygen flow calibration, and real-time data monitoring for oxygen consumption.

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What Are the Strategic Drivers Boosting Oxygen Source Equipment Market Performance?
The escalating occurrence of respiratory disorders is projected to drive the advancement of the oxygen source equipment market in the future. These medical ailments impact the lungs and various components of the respiratory system, which makes breathing problematic. This upsurge in respiratory diseases can be primarily attributed to increased air pollution and exposure to environmental toxins that harm lung tissue, diminish respiratory function, and induce or worsen conditions like asthma, chronic obstructive pulmonary disease (COPD), and lung cancer. Oxygen source equipment is utilised in respiratory disorders to provide additional oxygen, ensuring proper blood oxygen levels when the lungs fail to effectively do so. For example, the UK Health Security Agency, a government agency in the UK, revealed in February 2024 that England witnessed a 10.7% annual rise in tuberculosis (TB) cases in 2023, with recorded instances escalating from 4,380 in 2022 to 4,850. Consequently, the burgeoning incidence of respiratory diseases is propelling the expansion of the oxygen source equipment market.

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What Are the Segments in the Oxygen Source Equipment Market?
The oxygen source equipment market covered in this report is segmented -

1) By Product Type: Oxygen Cylinders, Oxygen Concentrators, Liquid Oxygen Equipment, Oxygen Systems For Industrial Use, Portable Oxygen Systems
2) By Delivery Mode: Gas Delivery Systems, Cryogenic Liquid Delivery Systems, Portable Delivery Systems, Pipeline Delivery Systems, Bulk Oxygen Supply Systems
3) By Application: Hospital, Clinic, Other Applications
4) By End-User: Healthcare And Medical, Aerospace And Aviation, Industrial Manufacturing, Water Treatment Plants, Energy And Power Generation

Subsegments:
1) By Oxygen Cylinders: Steel Oxygen Cylinders, Aluminum Oxygen Cylinders, Composite Oxygen Cylinders, High-Pressure Oxygen Cylinders, Low-Pressure Oxygen Cylinders
2) By Oxygen Concentrators: Portable Oxygen Concentrators, Stationary Oxygen Concentrators, Continuous Flow Concentrators, Pulse Dose Concentrators
3) By Liquid Oxygen Equipment: Portable Liquid Oxygen Units, Home-Based Reservoir Systems, Hospital-Based Bulk Liquid Oxygen Systems, Mobile Cryogenic Containers
4) By Oxygen Systems For Industrial Use: Pressure Swing Adsorption (PSA) Oxygen Plants, Vacuum Pressure Swing Adsorption (VPSA) Plants, Cryogenic Air Separation Units (ASUs), Membrane-Based Oxygen Generators
5) By Portable Oxygen Systems: Wearable Oxygen Devices, Lightweight Cylindrical Kits, Portable Oxygen Concentrator Kits, Backpack Oxygen Delivery Systems

What Are the Key Adoption Trends in the Oxygen Source Equipment Market?
Leading corporations in the oxygen source equipment market are shifting their focus towards innovative products like portable oxygen concentrators. The goal is to increase mobility for patients, improve their quality of life, and satisfy the rising demand for portable and home-based respiratory care solutions. Portable oxygen concentrators are small, handy medical devices that derive and supply concentrated oxygen from the surrounding air, allowing individuals with respiratory ailments to get oxygen therapy on the go. For example, in October 2024, the American medical technology firm, Inogen, introduced the Rove 4, a lightweight, compact oxygen concentrator weighing less than 3 lbs. This device has four flow settings and can supply up to 840 ml/min of medical-grade oxygen. It also has three battery configurations, enabling it to run for up to 5 hours and 45 minutes. The Rove 4 is purposely built to aid patient mobility and everyday activities.

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Which Companies Lead the Competitive Landscape of the Oxygen Source Equipment Industry?
Major companies operating 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.

Where Are the Key Oxygen Source Equipment Market Opportunities by Region?
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 the oxygen source equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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