Oxygen Concentrators Market to Grow with a CAGR of 8.72% through 2030

Rising Incidences of Respiratory Diseases and Growing Preference for Home-Based Medical Care are expected to drive the Global Oxygen Concentrators Market growth in the forecast period, 2026-2030

According to TechSci Research report, “Oxygen Concentrators Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F”, the Global Oxygen Concentrators Market stood at USD 3.82 Billion in 2024 and is anticipated to grow with a CAGR of 8.72% in the forecast period.

The oxygen concentrators market is being shaped by a convergence of critical demand drivers and strategic industry developments. Chief among these are the rising global prevalence of respiratory conditions particularly chronic obstructive pulmonary disease (COPD) and the rapid growth of the aging population, which is more prone to asthma, pneumonia, respiratory failure, and other age-related pulmonary disorders.

Sustained advancements in medical technology and increased government expenditure on healthcare infrastructure are catalyzing innovation across the home healthcare segment. Manufacturing enterprises are actively investing in the development of efficient, user-centric oxygen delivery systems tailored for non-clinical settings, further stimulating economic activity within the sector. The market is benefitting from heightened public awareness around chronic respiratory diseases and an increasing shift in patient preference toward home-based oxygen therapy. This shift is further reinforced by healthcare cost containment strategies and the need for long-term disease management outside traditional hospital settings.

Emerging technologies, particularly the integration of Internet of Things (IoT) capabilities, are reshaping product functionality and performance standards in the oxygen concentrators space. Smart oxygen devices now offer real-time monitoring, remote diagnostics, and enhanced patient compliance, delivering a value proposition that significantly exceeds that of conventional systems. Targeted government funding and policy initiatives aimed at strengthening healthcare infrastructure especially in developing regions are expected to accelerate adoption of cost-effective and scalable oxygen therapy solutions. The combination of these macroeconomic and technological factors is driving a fundamental transformation of the oxygen concentrators market, positioning it for sustained expansion over the forecast period.

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The Global Oxygen Concentrators Market is segmented into type, technology, flowrate, application, end user, regional distribution, and company.

Based on application, Chronic Obstructive Pulmonary Disease (COPD) are expected to experience the highest growth rate during the projected period. COPD remains one of the most widespread and debilitating chronic respiratory disorders globally. According to international health bodies, it is a leading cause of morbidity and mortality, with hundreds of millions affected worldwide. The progressive nature of COPD and its associated complications often require continuous oxygen support, which drives a sustained and predictable demand for oxygen concentrators in this segment.

For moderate to severe COPD patients with hypoxemia, long-term oxygen therapy (LTOT) is a clinically validated and widely prescribed treatment. Oxygen concentrators particularly continuous flow and high-capacity units are the cornerstone of LTOT, as they ensure stable oxygen delivery and help improve survival rates, physical function, and quality of life. The medical community's reliance on oxygen concentrators as the standard for managing COPD symptoms strongly positions this segment as the primary driver of market demand. The global increase in the elderly population particularly individuals over the age of 60 directly contributes to rising COPD incidence. Age-related physiological decline, combined with long-term exposure to environmental and occupational pollutants, makes older adults more susceptible to COPD. As this demographic continues to grow, so too does the patient base dependent on oxygen concentrators for daily respiratory support.

Based on region, The Asia Pacific region is poised to witness the fastest growth in the global oxygen concentrators market, driven by a unique combination of demographic trends, healthcare infrastructure development, rising disease burden, and increasing economic capacity. The Asia Pacific region is experiencing a sharp rise in the incidence of respiratory illnesses, including COPD, asthma, and acute respiratory infections. Factors such as rapid industrialization, high air pollution levels, and widespread tobacco use have significantly contributed to this trend. Countries like China and India are seeing an alarming surge in respiratory health issues, creating substantial demand for oxygen therapy devices, particularly oxygen concentrators.

Several Asia Pacific countries most notably Japan, China, and South Korea are witnessing a steep increase in their aging populations. As older adults are more susceptible to chronic respiratory conditions, the demand for long-term oxygen therapy (LTOT) is rising correspondingly. The expanding elderly demographic base is a key structural driver supporting sustained growth in the region’s oxygen concentrators market.

Major companies operating in Global Oxygen Concentrators Market are:

• Koninklijke Philips N.V.
• Invacare Corporation
• Teijin Limited
• Precision Medical, Inc.
• Drive DeVilbiss Healthcare LLC
• Nidek Medical Products Inc.
• Inogen Inc.
• NGK Spark Plug Co., Ltd.
• GCE Group
• Linde Healthcare

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“The market is primarily driven by the increasing environmental pollution caused by carbon dioxide (CO2) emissions. Additionally, the growing demand for POCs by travelers and mountaineers in oxygen-deficient areas is another significant factor contributing to market growth. Technological advancements have also played a crucial role in fueling market expansion. Manufacturers are continuously innovating to develop lightweight, compact, and user-friendly devices that offer improved portability and convenience for patients, further driving market growth. Furthermore, the growing investment in healthcare infrastructure worldwide is propelling market expansion. Moreover, the rising demand for oxygen concentrators for patients with sleep apnea, due to their ease of mobility, is creating a positive market outlook globally.,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Oxygen Concentrators Market - Global Industry Size, Share, Trends, Opportunity & Forecast, Segmented By Type (Portable, Stationary), By Technology (Continuous Flow, Pulse Flow, Continuous/Pulse Flow), By Flowrate (0-5l/min, 5-10l/min, Above 10l/min), By Application (COPD, Lung Cancer, Pneumonia, COVID-19, Others), By End Users (Hospitals & Clinics, Ambulatory Care Centres, Home Care, Others), By Region & Competition, 2020-2030F”, has evaluated the future growth potential of Global Oxygen Concentrators Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Oxygen Concentrators Market.

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