Press release
Portable Oxygen Kit Market Growth Driven by Rising COPD Cases, Reports Persistence Market Research
Portable Oxygen Kit Market
According to the latest research from Persistence Market Research, the market was valued at US$21.9 billion in 2024 and is projected to reach US$33.4 billion by 2031, registering a CAGR of 6.2% during the forecast period. This robust growth is largely driven by the shift toward home-based healthcare, increased air travel among aging populations, and innovations making these devices more efficient and user-friendly.
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The leading segment in the market is home application, which has gained traction due to the rising preference for in-home treatment to reduce hospital visits and enhance comfort. Regionally, North America dominates the market, driven by a high prevalence of respiratory conditions, favorable regulatory policies, and strong adoption of home healthcare practices.
Key Highlights from the Report
• Market to expand from US$21.9 Bn in 2024 to US$33.4 Bn by 2031, at a CAGR of 6.2%.
• Home healthcare segment dominates due to increased demand for in-home treatment.
• North America leads the market, supported by aging population and high COPD rates.
• Technological innovations are making kits smaller, smarter, and more accessible.
• Increasing travel by patients with respiratory issues boosts demand for portable solutions.
• Start-ups and regional players are disrupting the market with innovative offerings.
Market Segmentation
The portable oxygen kit market is segmented primarily by product type and end-use industry. By product type, the market includes compressed oxygen cylinders, liquid oxygen devices, and portable oxygen concentrators (POCs). Among these, POCs are seeing the fastest adoption owing to their lightweight design, higher oxygen concentration efficiency, and ease of use. These devices also allow for greater mobility and are often approved for air travel, making them a preferred choice.
On the basis of end-use industry, the market is segmented into healthcare, home application, aerospace and automotive, and others. The home application segment accounts for the largest share. As healthcare systems globally shift toward reducing hospital burden and increasing outpatient care, portable oxygen kits play a vital role in enabling at-home respiratory support. In contrast, the aerospace and automotive segments are emerging areas where portable oxygen kits are used to tackle high-altitude hypoxia and emergencies.
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Regional Insights
North America
North America holds the lion's share in the global market due to the widespread prevalence of chronic respiratory diseases, favorable reimbursement structures, and rising health awareness. The U.S., in particular, shows strong demand owing to its advanced healthcare infrastructure and high penetration of home healthcare systems.
Asia Pacific
The Asia Pacific region is expected to show stable yet significant growth over the forecast period. Increasing urbanization, rising air pollution levels, and a rapidly aging population are pushing demand for portable oxygen kits in countries like China and India. Moreover, the post-COVID awareness of respiratory health has further spurred interest in portable solutions across the region.
Market Drivers
1. Growing Prevalence of Chronic Respiratory Diseases
The rising number of patients suffering from COPD, emphysema, and asthma is one of the strongest driving forces behind the market. With respiratory disorders affecting millions globally, portable oxygen kits offer a lifeline for patients requiring oxygen support on-the-go. As air pollution levels increase and smoking habits persist, the demand for oxygen therapy devices is only expected to rise.
2. Technological Advancements in Portable Oxygen Solutions
Today's portable oxygen kits are more compact, efficient, and travel-friendly than ever. Innovations like Pressure Swing Adsorption (PSA) technology, enhanced battery life, and smartphone integration make these devices indispensable to patients. These advancements have broadened the usability of oxygen kits beyond hospital settings into homes, vehicles, and travel scenarios.
3. Expansion into Aerospace and Automotive Sectors
The use of portable oxygen kits in aerospace and automotive applications is gaining traction. Pilots, mountain travelers, and adventure sport enthusiasts require lightweight oxygen kits to avoid altitude sickness or hypoxia. Governments like Sikkim's regional administration in India have mandated oxygen kits in vehicles traveling to high altitudes-an example of growing legislative support for this technology.
Market Restraints
The rising cost of manufacturing portable oxygen kits continues to be a significant hurdle. Materials, miniaturization processes, and advanced features like Bluetooth connectivity increase the overall cost, making affordability an issue in low-income markets. Furthermore, technological substitution is a threat, as new wearable oxygen technologies and alternative respiratory devices with superior performance are entering the market.
Market Opportunities
Developing regions with emerging healthcare infrastructure present tremendous opportunities for market players. As governments invest in public health and home care becomes mainstream in countries like Brazil, South Africa, and Indonesia, the demand for affordable and effective oxygen kits is likely to surge.
In addition, continued technological innovation-particularly around energy efficiency, compact design, and digital integration-offers ample scope for product differentiation and market expansion. Companies focusing on personalization and patient-centric solutions are poised to dominate in the future.
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Reasons to Buy the Report
• Gain comprehensive insights into a market expected to reach US$33.4 Bn by 2031.
• Understand growth drivers, restraints, and emerging opportunities influencing demand.
• Analyze regional market trends, key segments, and leading players shaping the industry.
• Stay updated with recent technological innovations and regulatory developments.
• Make informed strategic decisions based on detailed forecast and competitive landscape data.
Frequently Asked Questions (FAQs)
• How big is the portable oxygen kit market in 2024?
• What is the projected growth rate of the portable oxygen kit market by 2031?
• Who are the key players in the global market for portable oxygen kits?
• What is the market forecast for portable oxygen kits through 2032?
• Which region is estimated to dominate the industry through the forecast period?
Company Insights
Key players operating in the portable oxygen kit market include:
• INVACARE CORPORATION
• O2 CONCEPTS, LLC
• DeVilbiss Healthcare LLC
• Chart Industries Inc.
• Inova Labs
• Worthington Industries, Inc.
• Inogen Inc.
• NIDEK Medical Products
• TEIJIN LIMITED
• Koninklijke Philips N.V.
Recent Industry Developments
• In March 2022, GRS India launched a smartphone-powered portable oxygen kit, offering cost-effective oxygen therapy options and addressing high market demand post-COVID.
• In June 2023, the state of Sikkim (India) mandated the inclusion of portable oxygen kits in all vehicles operating at high altitudes to combat altitude-related health risks.
Conclusion
The portable oxygen kit market is on a path of sustained growth, underpinned by demographic shifts, technological innovations, and rising awareness of respiratory health. With increasing applications across home healthcare, aerospace, and automotive sectors, the market holds vast potential. While challenges like high costs and tech disruptions remain, the industry is brimming with opportunities-especially in emerging markets and personalized healthcare solutions.
Backed by data-driven insights from Persistence Market Research, industry stakeholders can position themselves strategically in this evolving market, tapping into high-growth segments and addressing the respiratory needs of a global population seeking greater mobility and better quality of life.
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About Persistence Market Research:
At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.
Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.
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