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Oxygen Concentrators Market Size by Product Type (Portable, and Stationary), By Application (COPD, Asthma, and Respiratory diseases), By End User (Hospitals, Clinics, and Homecare settings) and Region Forecast to 2023-2032

Format: PDF | Pages: 384 | Report ID: MRS1276


Report Description

The global Oxygen Concentrators market size is estimated at USD 4,908.3 million in 2022, expanding at a CAGR of 6.8% from 2023-2032.

Market Definition

Oxygen concentrators are a type of medical device that are used to deliver oxygen to individuals who have low levels of oxygen in their blood, a condition known as hypoxemia. These devices are commonly used in both healthcare facilities and home settings. Oxygen concentrators provide a continuous supply of oxygen without the need for refilling or replacing oxygen cylinders. They are more cost-effective and convenient to use.

Market Dynamics

The rising prevalence of chronic obstructive pulmonary disease (COPD), asthma, and other respiratory conditions has led to an increased demand for oxygen therapy. Oxygen concentrators are an essential part of managing these conditions, providing a reliable and continuous supply of oxygen to patients. Further, advancements in technology have led to the development of more efficient and portable oxygen concentrators. These devices are now lighter, quieter, and more user-friendly, allowing patients to have greater mobility and independence while receiving oxygen therapy. In addition, the growing trend towards providing medical care in home care, especially for chronic conditions is also boosting the market growth. Oxygen concentrators enable patients to receive oxygen therapy at home without the need for hospital visits or lengthy stays. This trend is driven by factors such as cost-effectiveness, convenience, and patient preference.

Segment Insights

The market is divided into three categories based on Application: chronic obstructive pulmonary disease (COPD), asthma, and respiratory diseases. The asthma segment dominates the market. The growing asthma concerns among older adults are propelling the market growth.

The market is divided into three categories based on End Users: hospitals, clinics, and home care settings. The hospital segment dominates the market. The increasing prevalence of respiratory disorders especially due to rising hygiene concerns is boosting the segment growth.

The market is divided into two categories based on Type: portable and stationary. The portable type segment dominates the market. The increasing prevalence of asthma and rising demand for portable oxygen concentrators is boosting the segment growth.

Competitive Insights

The growing health and hygiene care awareness especially due to the COVID-19 pandemic, influences the demand for oxygen concentrators market. Companies sell their products through a variety of channels, including corporate websites, e-commerce websites, retailers, distributors, and end consumers. Recently, in June 2022, Caire, Inc. introduced a portable oxygen concentrator in the United States to expand its product portfolio.

The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of Oxygen Concentrators by end user, region, and application. In addition, this report introduces the market competition situation among the vendors and company profile,, market price analysis and value chain features are covered in this report.

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):

  • Koninklijke Philips N.V.
  • Chart Industries, Inc
  • Invacare Corporation
  • Inogen Inc
  • Drive Devilbiss Healthcare
  • O2 Concepts LLC
  • Nidek Medical
  • GCE Group
  • Caire Inc
  • Precision Medical Inc.
  • ResMed Inc.
  • Teijin Limited
  • Longfian Scitech Co., Ltd.
  • Yuwell-Jiangsu Yuyue Medical Equipment & Supply Co., Ltd.
  • Besco Medical Co., Ltd.

Product type Coverage (Market Size & Forecast, Main Consumer Analysis etc.):

  • Portable
  • Stationary

Application Coverage (Market Size & Forecast, Main Consumer Analysis etc.):

  • Chronic obstructive pulmonary disease (COPD)
  • Asthma
  • Respiratory diseases
  • Others

End User Coverage (Market Size & Forecast, Main Consumer Analysis etc.):

  • Hospitals
  • Clinics
  • Homecare settings
  • Others

Region Coverage (Regional Consumption, Demand & Forecast by Countries etc.):

  • North America (U.S., and Canada)
  • Europe (Germany, U.K., France, Italy, Spain etc.)
  • Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
  • South America (Brazil, Mexico, Argentina etc.)
  • Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)

Frequently Asked Questions

The global Oxygen Concentrators market size is estimated at USD 4,908.3 million in 2022, expanding at a CAGR of 6.8% from 2023-2032.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global Oxygen Concentrators market is expanding at a CAGR of 6.8% from 2023-2032.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
The growing health and hygiene care awareness especially due to the COVID-19 pandemic, influences the demand for oxygen concentrators market. Companies sell their products through a variety of channels, including corporate websites, e-commerce websites, retailers, distributors, and end consumers. Recently, in June 2022, Caire, Inc. introduced a portable oxygen concentrator in the United States to expand its product portfolio.

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