Medical Oxygen Market Size and Outlook 2030

Report Description

Forecast Period	2026-2030
Market Size (2024)	USD 10.20 Billion
CAGR (2025-2030)	7.79%
Fastest Growing Segment	Compressed Oxygen
Largest Market	North America
Market Size (2030)	USD 16.14 Billion

Market Overview

The Global Medical Oxygen Market, valued at USD 10.20 Billion in 2024, is projected to experience a CAGR of 7.79% to reach USD 16.14 Billion by 2030. Medical oxygen is a pharmaceutical product, specifically refined for therapeutic applications in patients experiencing respiratory conditions, hypoxemia, or requiring vital support during various medical procedures. The market's growth is primarily driven by the escalating global prevalence of chronic respiratory diseases, the consistent growth of the elderly population more susceptible to such conditions, and the increasing volume of complex surgical interventions requiring patient oxygenation. Further impetus stems from the expanding home healthcare sector, where oxygen therapy plays a crucial role. According to the European Industrial Gases Association (EIGA), in 2022, the global industrial gas market, which encompasses medical oxygen, achieved a market size of €91 billion.

A significant challenge impeding market expansion remains the complex global supply chain, characterized by logistical inefficiencies and infrastructure deficits, particularly in developing regions. These issues can disrupt the consistent and reliable provision of medical oxygen, affecting patient access and increasing operational costs across healthcare facilities worldwide.

Key Market Drivers

The escalating prevalence of chronic respiratory diseases represents a fundamental driver for the Global Medical Oxygen Market. Conditions such as Chronic Obstructive Pulmonary Disease and asthma necessitate ongoing oxygen therapy for managing symptoms and improving patient quality of life, directly translating into increased demand for medical oxygen across healthcare settings, including hospitals, clinics, and home care. This persistent need is underscored by the widespread nature of these ailments. According to the World Health Organization (WHO), in their "Asthma" factsheet updated May 2023, approximately 262 million people globally suffer from asthma. The chronic nature of these conditions ensures a sustained requirement for medical oxygen, forming a stable base for market growth. This driver is further intensified by environmental factors and lifestyle changes contributing to the rising incidence of respiratory ailments worldwide, requiring more widespread and sustained therapeutic oxygen interventions.

The steady growth of the aging global population demographics significantly influences the medical oxygen market. Older adults are disproportionately susceptible to chronic respiratory conditions and other age-related illnesses that often require supplementary oxygen, thereby increasing the patient pool requiring oxygen therapy. This demographic shift places considerable demand on healthcare systems to provide essential medical gases. According to the United Nations, Department of Economic and Social Affairs, Population Division, a July 2023 update on "World Population Prospects 2022: Summary of Results," indicated that the global population aged 65 and older reached 800 million in 2023. The collective effect of these demographic trends and rising disease burdens has prompted a responsive increase in manufacturing and distribution efforts for medical oxygen. According to the International Oxygen Manufacturers Association (IOMA), in a December 2023 article, global medical oxygen production capacity increased by over 10% in 2023 to meet these rising healthcare demands.

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Key Market Challenges

The complex global supply chain, characterized by logistical inefficiencies and infrastructure deficits, significantly impedes the growth of the Global Medical Oxygen Market. This challenge directly disrupts the consistent and reliable provision of medical oxygen, a critical pharmaceutical product, impacting patient access and increasing operational costs across healthcare facilities. Specifically, infrastructure deficits in developing regions can lead to unreliable transportation networks and insufficient storage facilities, causing delays and spoilage of oxygen supplies. This unreliability forces healthcare providers to seek alternative, often more expensive, solutions or face critical shortages, which can compromise patient care and elevate healthcare expenditures.

The substantial volume of oxygen required globally means that even minor supply chain disruptions can have considerable effects. According to the European Industrial Gases Association (EIGA), oxygen (including medical oxygen) and nitrogen combined represented approximately 56% of the EU27 gas market in 2023, underscoring the scale of this essential gas within the industrial sector. When a product of this magnitude faces widespread logistical hurdles, it directly constrains market expansion by limiting the geographical reach of medical oxygen and hindering its widespread adoption, particularly in regions where demand is growing but infrastructure remains underdeveloped. This situation prevents the market from fully capitalizing on the increasing global prevalence of chronic respiratory diseases and the consistent growth of the elderly population.

Key Market Trends

Here are two significant trends influencing the Global Medical Oxygen Market:

The increasing adoption of home-based oxygen therapy solutions represents a pivotal shift in patient care, moving from institutional settings to domestic environments for greater autonomy and reduced healthcare costs. This trend is fueled by advances in portable oxygen delivery systems and a growing preference for long-term home care. The market influence is evident in heightened demand for compact oxygen concentrators and specialized home care services. According to the European Industrial Gases Association, medical oxygen constituted 23% of the total EU27 gas market value in 2024, highlighting the segment's expanding role. This transition drives innovation in product design and requires robust logistical frameworks. In November 2023, Iowa Medicaid integrated the Firesafe Cannula Valve for reimbursement, showcasing expanding systemic support for home oxygen safety devices.

Strategic investments in localized oxygen production infrastructure are fundamentally reshaping the medical oxygen supply chain, bolstering resilience and improving accessibility, particularly in remote areas. This trend involves establishing smaller, on-site generation facilities, like Pressure Swing Adsorption plants, reducing reliance on distant production hubs and extensive transportation. This decentralization mitigates logistical vulnerabilities, enabling more reliable and cost-effective oxygen provision. Linde, a prominent industrial gas company, announced in February 2025 securing agreements in 2024 to build and operate 64 new small on-site plants for nitrogen and oxygen supply, signaling a clear industry move toward localized solutions. Air Liquide further disclosed in October 2023 an investment exceeding €140 million in Quebec, Canada, for a new air separation unit producing 850 tonnes of oxygen daily by 2025. These efforts underscore a strategic imperative for consistent oxygen availability at the point of need.

Segmental Insights

The Global Medical Oxygen Market observes Compressed Oxygen as the fastest-growing segment, according to Techsci Research, driven by its inherent advantages in various healthcare settings. This rapid expansion is primarily attributed to the enhanced portability and user feasibility of compressed oxygen cylinders, making them indispensable for homecare, emergency services, and efficient patient transfer. Furthermore, the rising global prevalence of chronic respiratory diseases, coupled with an aging population, significantly amplifies the demand for reliable and versatile supplemental oxygen therapy solutions across hospitals and remote locations.

Regional Insights

North America stands as the leading region in the Global Medical Oxygen Market, underpinned by several interconnected factors. The region possesses a highly advanced healthcare infrastructure and robust investments in research and development dedicated to oxygen therapy. A significant prevalence of chronic respiratory conditions, including COPD and asthma, exacerbated by an aging population, consistently fuels the demand for medical oxygen. This dominance is further supported by stringent regulatory standards, particularly from the U. S. Food and Drug Administration, ensuring product safety and efficacy. Additionally, favorable reimbursement policies and continuous technological advancements in oxygen delivery systems contribute to North America's prominent market position.

Recent Developments

In June 2025, Inogen announced the launch of its Voxi 5 stationary oxygen concentrator, a product developed through a strategic collaboration with Yuwell Medical. This new device delivers a continuous flow of 1-5 liters per minute of quiet, pure oxygen in a compact and efficient design. Equipped with caster wheels, the Voxi 5 allows for effortless movement between rooms within a home environment. This partnership and product launch signify Inogen’s efforts to expand its offerings beyond portable concentrators, leveraging collaboration to broaden accessible and effective stationary oxygen therapy options in the market.

In November 2024, Universal Marine Medical Supply International (Unimed) launched medO2, an expanded suite of medical oxygen solutions tailored for the maritime industry. This new offering was designed to enhance safety and compliance for vessels globally. Integrated into Unimed's proprietary medScale+ digital platform, medO2 provides a streamlined approach to managing and monitoring essential onboard oxygen supplies. This development addresses the critical requirement for readily available, high-quality oxygen for both routine and emergency medical care for crews and passengers, showcasing innovation in specialized medical oxygen delivery systems.

In April 2024, Dynarex Corporation announced the expansion of its respiratory therapy product line, Dynarex Resp-O2™, to include a new range of portable solutions. This enhancement prioritized patient mobility and independence by offering transportable options for oxygen delivery, suction care, and nebulization therapy. The company emphasized providing caregivers with greater flexibility for delivering effective respiratory care outside traditional hospital settings. This product line expansion reflects a strategic response to evolving patient needs within the global medical oxygen market, focusing on convenient and accessible home and mobile oxygen solutions.

In 2024, Philips Respironics introduced the SimplyFlo Stationary Oxygen Concentrator. This new product was designed to be the world's smallest and lightest stationary oxygen concentrator, addressing patient and home care provider feedback regarding the size, weight, and noise of traditional devices. Part of Philips' Right Fit Oxygen Product Portfolio, the SimplyFlo aimed to improve compliance for nocturnal patients who might resist oxygen therapy due to discomfort. This launch underscores ongoing innovation by companies in the global medical oxygen market to enhance the patient experience and adherence to essential oxygen treatment.

Key Market Players

Linde PLC
Air Products and Chemicals Inc.
Air Liquide S.A.
Taiyo Nippon Sanso Corp.
Messer SE & Co KGaA
Keen Compressed Gas Co.
Atlas Copco Group
Jubail Gas Plant Co. Ltd.
Jacko Gases Company
Aldakheel Industrial Gases Plant (DIGAS)

By Form	By Delivery Mode	By Application	By End User	By Region
Liquid Oxygen Compressed Oxygen Oxygen Gas Mixture	Tanks/Pipeline Cylinder Others	Therapeutic Diagnostics	Hospitals & Clinics Ambulatory Care Centers Homecare Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Medical Oxygen Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Medical Oxygen Market, By Form:

o Liquid Oxygen

o Compressed Oxygen

o Oxygen Gas Mixture

Medical Oxygen Market, By Delivery Mode:

o Tanks/Pipeline

o Cylinder

o Others

Medical Oxygen Market, By Application:

o Therapeutic

o Diagnostics

Medical Oxygen Market, By End User:

o Hospitals & Clinics

o Ambulatory Care Centers

o Homecare

o Others

Medical Oxygen Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe

§ France

§ United Kingdom

§ Italy

§ Germany

§ Spain

o Asia Pacific

§ China

§ India

§ Japan

§ Australia

§ South Korea

o South America

§ Brazil

§ Argentina

§ Colombia

o Middle East & Africa

§ South Africa

§ Saudi Arabia

§ UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Medical Oxygen Market.

Available Customizations:

Global Medical Oxygen Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Medical Oxygen Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Medical Oxygen Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Form (Liquid Oxygen, Compressed Oxygen, Oxygen Gas Mixture)

5.2.2. By Delivery Mode (Tanks/Pipeline, Cylinder, Others)

5.2.3. By Application (Therapeutic, Diagnostics)

5.2.4. By End User (Hospitals & Clinics, Ambulatory Care Centers, Homecare, Others)

5.2.5. By Region

5.2.6. By Company (2024)

5.3. Market Map

6. North America Medical Oxygen Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Form

6.2.2. By Delivery Mode

6.2.3. By Application

6.2.4. By End User

6.2.5. By Country

6.3. North America: Country Analysis

6.3.1. United States Medical Oxygen Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Form

6.3.1.2.2. By Delivery Mode

6.3.1.2.3. By Application

6.3.1.2.4. By End User

6.3.2. Canada Medical Oxygen Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Form

6.3.2.2.2. By Delivery Mode

6.3.2.2.3. By Application

6.3.2.2.4. By End User

6.3.3. Mexico Medical Oxygen Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Form

6.3.3.2.2. By Delivery Mode

6.3.3.2.3. By Application

6.3.3.2.4. By End User

7. Europe Medical Oxygen Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Form

7.2.2. By Delivery Mode

7.2.3. By Application

7.2.4. By End User

7.2.5. By Country

7.3. Europe: Country Analysis

7.3.1. Germany Medical Oxygen Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Form

7.3.1.2.2. By Delivery Mode

7.3.1.2.3. By Application

7.3.1.2.4. By End User

7.3.2. France Medical Oxygen Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Form

7.3.2.2.2. By Delivery Mode

7.3.2.2.3. By Application

7.3.2.2.4. By End User

7.3.3. United Kingdom Medical Oxygen Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Form

7.3.3.2.2. By Delivery Mode

7.3.3.2.3. By Application

7.3.3.2.4. By End User

7.3.4. Italy Medical Oxygen Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Form

7.3.4.2.2. By Delivery Mode

7.3.4.2.3. By Application

7.3.4.2.4. By End User

7.3.5. Spain Medical Oxygen Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Form

7.3.5.2.2. By Delivery Mode

7.3.5.2.3. By Application

7.3.5.2.4. By End User

8. Asia Pacific Medical Oxygen Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Form

8.2.2. By Delivery Mode

8.2.3. By Application

8.2.4. By End User

8.2.5. By Country

8.3. Asia Pacific: Country Analysis

8.3.1. China Medical Oxygen Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Form

8.3.1.2.2. By Delivery Mode

8.3.1.2.3. By Application

8.3.1.2.4. By End User

8.3.2. India Medical Oxygen Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Form

8.3.2.2.2. By Delivery Mode

8.3.2.2.3. By Application

8.3.2.2.4. By End User

8.3.3. Japan Medical Oxygen Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Form

8.3.3.2.2. By Delivery Mode

8.3.3.2.3. By Application

8.3.3.2.4. By End User

8.3.4. South Korea Medical Oxygen Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Form

8.3.4.2.2. By Delivery Mode

8.3.4.2.3. By Application

8.3.4.2.4. By End User

8.3.5. Australia Medical Oxygen Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Form

8.3.5.2.2. By Delivery Mode

8.3.5.2.3. By Application

8.3.5.2.4. By End User

9. Middle East & Africa Medical Oxygen Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Form

9.2.2. By Delivery Mode

9.2.3. By Application

9.2.4. By End User

9.2.5. By Country

9.3. Middle East & Africa: Country Analysis

9.3.1. Saudi Arabia Medical Oxygen Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Form

9.3.1.2.2. By Delivery Mode

9.3.1.2.3. By Application

9.3.1.2.4. By End User

9.3.2. UAE Medical Oxygen Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Form

9.3.2.2.2. By Delivery Mode

9.3.2.2.3. By Application

9.3.2.2.4. By End User

9.3.3. South Africa Medical Oxygen Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Form

9.3.3.2.2. By Delivery Mode

9.3.3.2.3. By Application

9.3.3.2.4. By End User

10. South America Medical Oxygen Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Form

10.2.2. By Delivery Mode

10.2.3. By Application

10.2.4. By End User

10.2.5. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Medical Oxygen Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Form

10.3.1.2.2. By Delivery Mode

10.3.1.2.3. By Application

10.3.1.2.4. By End User

10.3.2. Colombia Medical Oxygen Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Form

10.3.2.2.2. By Delivery Mode

10.3.2.2.3. By Application

10.3.2.2.4. By End User

10.3.3. Argentina Medical Oxygen Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Form

10.3.3.2.2. By Delivery Mode

10.3.3.2.3. By Application

10.3.3.2.4. By End User

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)

12.2. Product Launches (If Any)

12.3. Recent Developments

13. Global Medical Oxygen Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Linde PLC

15.1.1. Business Overview

15.1.2. Products & Services

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. SWOT Analysis

15.2. Air Products and Chemicals Inc.

15.3. Air Liquide S.A.

15.4. Taiyo Nippon Sanso Corp.

15.5. Messer SE & Co KGaA

15.6. Keen Compressed Gas Co.

15.7. Atlas Copco Group

15.8. Jubail Gas Plant Co. Ltd.

15.9. Jacko Gases Company

15.10. Aldakheel Industrial Gases Plant (DIGAS)

16. Strategic Recommendations

17. About Us & Disclaimer

Report Description

Table of content

Figures and Tables

Frequently asked questions

What was the market size of the Global Medical Oxygen Market in 2024?

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