2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What External and Internal Drivers Are Contributing to the Growth of theOxygen Concentrators Market?

The surge in global occurrences of respiratory ailments is a significant factor contributing to the expansion of the oxygen concentrators market. Asthma and chronic obstructive pulmonary disease (COPD) are the most frequently observed chronic respiratory conditions worldwide. For example, a report published by the American Lung Association, a U.S.-based voluntary organization focusing on lung health and prevention of lung diseases, in February 2023 confirmed that chronic lung disorders, such as asthma and COPD which includes ailments like emphysema and chronic bronchitis, afflict over 34 million Americans. Furthermore, in excess of 25 million Americans, encompassing over 4 million children, endure breathing problems due to asthma. Thus, the escalating prevalent rate of respiratory diseases is propelling the growth of the oxygen concentrators market.

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#What Growth Opportunities Will Drive the Oxygen Concentrators Market’s CAGR Through 2034?

In recent times, the market for oxygen concentrators has seen robust growth. It is projected to expand from a value of $2.27 billion in 2024 to $2.39 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 5.3%. The notable expansion in the past can be traced back to the economic growth in emerging markets, conducive low-interest rate surroundings, a surge in respiratory ailments, an enlarged elderly demographic, increasing pollution, the impacts of the COVID-19 pandemic, and the rise in the number of smokers in developing countries.

Expectations are that the oxygen concentrators market will exhibit robust growth in the upcoming years. The market is projected to soar to $3.18 billion by 2029, fuelled by a compound annual growth rate (CAGR) of 7.4%. Factors such as the rise in the elderly demographic, a heightened focus on healthcare at home, broadening access to healthcare services, and advancements in technology are some of the reasons for this predicted growth in the forecast period. Key trends during this time frame include the emergence of smart and portable oxygen concentrators, a surge in partnerships and acquisitions, advances in technology, introduction of new payment structures, and a growing number of patent submissions.

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Which Upcoming Market Trends and Innovations Are Set to Influence theOxygen Concentrators Market’s Path Forward?

Firms operating in the oxygen concentrators marketplace are progressively funneling resources into advancements like artificial intelligence and cost-effective mobile devices to boost the performance of these oxygen concentrators. The recent pandemic has led to an surge in demand for portable and affordable concentrators. For example, in March 2024, Drive DeVilbiss Healthcare, a prominent American producer of long-lasting medical equipment, in collaboration with Sanrai International, another US enterprise known for its innovative medical gear, launched the PulmO2 10L Oxygen Concentrator. The device’s design focuses on energy efficiency and durability, which are essential qualities for usage in high-demand clinical conditions. The PulmO2 is intended to offer dependable oxygen therapy, especially in areas with limited resources, and is projected to considerably reduce energy expenditures in comparison to conventional 10L concentrators.

Who Are the Dominant Market Players Pushing the Boundaries of theOxygen Concentrators Market?

Major companies operating in the oxygen concentrators market include Inogen Inc, Koninklijke Philips N.V, Invacare Corporation, CAIRE Inc, O2 Concepts LLC, Nidek Medical Products Inc., Precision Medical Inc, Drive Devilbiss Healthcare Ltd, 3B Medical Inc, BPL, Evox Oxygen Concentrators, Nanjing Everich Medicare Import & Export Co. Ltd, AngelBiss Medical Technology Co. Ltd, Hefei DX Medical Co. Ltd, Longfian Scitech Co. Ltd, Air Liquide Sanita Service, Pure O2, Heinen + Lowenstein GmbH & Co. KG, DeVilbiss Healthcare GmbH, Chart Industries Inc, White Martins, Linde Plc, ResMed

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What Are the Core Segments of the Oxygen Concentrators Market, and How Do They Contribute to Growth?

The oxygen concentrators market covered in this report is segmented –

1) By Type: Portable, Stationary

2) By Technology: Pulse Dose, Continuous Flow

3) By Application: Chronic Obstructive Pulmonary Disease (COPD), Lung Cancer, Pneumonia, Other Applications

4) By End User: Hospitals, Home Care, Other End Users

Subsegments:

1) By Portable: Battery-Operated Portable Concentrators, Travel-Friendly Models, Compact And Lightweight Designs

2) By Stationary: Continuous Flow Concentrators, Pulse Dose Concentrators, High-Flow Stationary Models

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What Regions Are Dominating the Oxygen Concentrators Market Growth?

North America was the largest region in the oxygen concentrators market in 2024. Europe was the second-largest region in the oxygen concentrators market. The regions covered in the oxygen concentrators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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