Medical Equipment

Liquid Oxygen Devices Market Expected to Record Steady Growth and Approach $8.71 Billion by 2030

March 13, 2026March 16, 2026 by Marketing Posting

The Business Research Company’s 2026 market reports include new capabilities such as market attractiveness scoring and analysis, total addressable market analysis, company scoring matrix, interactive excel data dashboard, improved supply chain analysis, upcoming startups in the market, and overview of key products, aimed at improving the depth, usability, and strategic value of the insights delivered.

How Large Is The Liquid Oxygen Devices Market Projected To Become By 2030 Based On Its 2026 Valuation?

The liquid oxygen devices market has observed substantial growth in recent years. It is forecast to expand from $6.46 billion in 2025 to $6.91 billion in 2026, achieving a compound annual growth rate (CAGR) of 7.0%. The expansion witnessed in prior periods can be attributed to the rising occurrence of chronic respiratory diseases, an increase in hospital admissions for respiratory care, the development of medical oxygen infrastructure, the growing application of oxygen therapy in acute care settings, and enhanced awareness of the benefits of oxygen therapy.

The liquid oxygen devices market size is projected to experience substantial growth in the coming years. It is expected to expand to $8.72 billion in 2030, showing a compound annual growth rate (CAGR) of 6.0%. This anticipated growth during the forecast period can be attributed to factors such as an expanding aging population affected by respiratory ailments, a heightened need for long-term oxygen therapy, an increasing emphasis on home-based respiratory care solutions, the development of healthcare infrastructure in nascent markets, and improved readiness for respiratory disease outbreaks. Prominent trends observed during this forecast include the increasing adoption of liquid oxygen therapy for severe respiratory conditions, a rising demand for high-purity oxygen delivery systems in hospitals, the growing application of liquid oxygen devices in long-term home care settings, the expansion of cryogenic storage solutions for medical oxygen, and an increasing preference for high-capacity oxygen delivery systems.

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Which Market Drivers Are Supporting The Expansion Of The Liquid Oxygen Devices Market?

The growing occurrence of respiratory illnesses is set to drive the expansion of the liquid oxygen device market in the future. Respiratory disorders encompass diverse medical conditions that affect the respiratory system, including the lungs, airways, and other essential structures for breathing. These conditions are increasingly attributed to factors such as air pollution, exposure to tobacco smoke, workplace hazards, genetic factors, and individual lifestyle decisions. Liquid oxygen devices play a critical role by offering respiratory support to affected individuals, thereby easing their breathing and enhancing their quality of life. Simultaneously, these devices provide healthcare professionals with a reliable tool for administering oxygen therapy and monitoring patients’ lung health. Illustratively, Gov.UK, a UK-based government agency, reported in June 2025 that England experienced 854,922 emergency hospital admissions for respiratory disease in FY 2024. This represented a 7% increase compared to the previous year, with a rate of 1,428 per 100,000, a figure higher than the preceding year but still below pre-pandemic levels. Hence, the increasing frequency of respiratory disorders serves as a key driver for the liquid oxygen device market.

What Segment Groups Are Identified Within The Liquid Oxygen Devices Market?

The liquid oxygen devices market covered in this report is segmented –

1) By Tank Type: Vertical Storage Tanks, Horizontal Storage Tanks

2) By Distribution Channel: Direct Sales, Indirect Sales

3) By End-User: Hospitals, Outpatient Facilities, Home Care, Other End-Users

Subsegments:

1) By Vertical Storage Tanks: Cryogenic Vertical Bulk Liquid Oxygen Tanks, Vacuum-Insulated Vertical Liquid Oxygen Tanks, Medical-Grade Vertical Liquid Oxygen Storage Tanks, Stationary Vertical Liquid Oxygen Tanks

2) By Horizontal Storage Tanks: Cryogenic Horizontal Bulk Liquid Oxygen Tanks, Vacuum-Insulated Horizontal Liquid Oxygen Tanks, Medical-Grade Horizontal Liquid Oxygen Storage Tanks, Transportable Horizontal Liquid Oxygen Tanks

What Trends Are Advancing Progress In The Liquid Oxygen Devices Market?

Leading companies within the liquid oxygen devices market are concentrating on developing advanced solutions, such as integrating innovative cooling designs to keep devices cool during operation, which ensures optimal performance and reliability over time. The twin-blower cooling design for liquid oxygen devices operates by compressing and cooling air, subsequently separating it into oxygen and nitrogen. For example, in April 2023, OxyGo HQ Florida LLC, a US-based manufacturer of portable oxygen concentrators, introduced the OxyHome 5L Stationary Concentrator. This new device is engineered to deliver a continuous flow of oxygen up to 5 liters per minute for home use. It features a modern design and a small footprint, enabling it to fit comfortably in any home environment. A key attribute highlighted is its twin-blower cooling design, guaranteeing optimal and reliable performance over an extended period.

Which Companies Hold Significant Positions In The Liquid Oxygen Devices Market?

Major companies operating in the liquid oxygen devices market are Chart Industries Inc., CAIRE Inc., Taylor-Wharton International LLC, INOXCVAP, VRV S.p.A., Cryoquip LLC, Cryofab Inc., Wessington Cryogenics, FIBA Technologies Inc., Lapesa Grupo Empresarial, CBS Arc Safe, Herose GmbH, VIT Cryogenic Equipment, Beijing Tianhai Industry, Praxair Cryogenic Equipment, Air Water Inc., Nikkiso Cryogenic Industries, MES srl, INOXCVA, RotoCryo Systems, Cryolor, Fives Cryo

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How Is The Liquid Oxygen Devices Market Distributed Across Key Geographic Regions?

North America was the largest region in the liquid oxygen devices market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the liquid oxygen devices market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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