United States Oxygen Concentrators Market to Reach USD 2.8 Billion by 2031, Growing at a CAGR of 6% (2024-2031) | Rising COPD and Homecare Adoption Drive Growth

The Global Oxygen Concentrators Market reached US$ 1.7 billion in 2023 and is expected to reach US$ 2.8 billion by 2031, growing at a CAGR of 6% during the forecast period 2024-2031.

Oxygen Concentrators supply supplemental oxygen for patients with respiratory illnesses or chronic conditions. Growth is driven by rising COPD, COVID-19 recovery care, and aging populations. Devices range from stationary to portable and home-use systems. Hospitals, clinics, and homecare settings are major end-users. Technological innovations include battery-operated, energy-efficient, and AI-enabled devices. Reimbursement policies and homecare adoption fuel growth. Increasing awareness of respiratory health further boosts market expansion.

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☛ Oxygen Concentrators Market Recent Developments 2025:

United States: Recent Industry Developments

✅ In August 2025, Philips Respironics launched its next-generation portable oxygen concentrator, featuring lightweight design, extended battery life, and smart connectivity for home and ambulatory use.

✅ In July 2025, Invacare Corporation expanded its stationary oxygen concentrator line with energy-efficient models suitable for long-term home care and hospital settings.

✅ In June 2025, CAIRE Inc. introduced AI-enabled oxygen delivery optimization in its concentrators, allowing real-time monitoring and adjustment based on patient needs.

Europe: Recent Industry Developments

✅ In August 2025, DeVilbiss Healthcare unveiled a compact, low-noise oxygen concentrator for residential and clinical applications across Germany, France, and the U.K.

✅ In July 2025, Drive DeVilbiss International launched smart oxygen concentrators with integrated telehealth capabilities for remote patient monitoring in European healthcare facilities.

✅ In June 2025, OxyGo Europe expanded its portable oxygen concentrator offerings, emphasizing lightweight and battery-efficient devices for active patients.

Japan: Recent Industry Developments

✅ In August 2025, Terumo Corporation released advanced home-use oxygen concentrators with improved filtration and energy efficiency, supporting long-term respiratory care.

✅ In July 2025, Nipro Corporation introduced portable oxygen concentrators featuring AI-driven oxygen delivery tailored to patient activity and health conditions.

✅ In June 2025, Fukuda Denshi launched a line of high-performance stationary concentrators for hospitals and clinics, optimizing oxygen output with low power consumption.

☛ Oxygen Concentrators Market Competitive Landscape:

Invacare Corporation, ResMed, O2 Concepts, Merck KGaA, Teijin Limited, GCE Group, Inogen Inc., Caire Inc., Precision Medicine Group, Koninklijke Philips N.V among others.

Research Methodology

We follow a hybrid research approach, combining qualitative insights with rigorous quantitative analysis to deliver reliable and comprehensive market intelligence. Our process begins with extensive secondary research, drawing on trusted industry reports, proprietary databases, and credible market sources. This is then reinforced through targeted primary research, including structured surveys and in-depth interviews with industry leaders, subject matter experts, and key market participants.

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☛ Segments Covered in the Oxygen Concentrators Market:

By Product: Portable Oxygen Concentrators, Stationary Oxygen Concentrators, Others

By Technology: Pulse Flow, Continuous Flow, Others

By End-User: Hospitals, Ambulatory Surgical Centers, HomeCare, Others

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☛ Regional Analysis for 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)

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