Discover trends, market shifts, and competitive outlooks for the oxygen concentrators industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

#What is the Projected CAGR for the Oxygen Concentrators Market Size from 2025 to 2034?

The surge in the oxygen concentrators market has been robust in the last few years. The market, which was worth $2.27 billion in 2024, is projected to increase to $2.39 billion in 2025, signaling a compound annual growth rate (CAGR) of 5.3%. The noteworthy growth during the prior historical phase is attributed to factors such as the expansion of emerging markets, low interest rates, a rise in respiratory diseases, an aging population, heightened pollution, the impact of the COVID-19 pandemic, and a growing number of smokers in underdeveloped countries.

The market for oxygen concentrators is poised for robust expansion in the upcoming years, with its valuation predicted to reach $3.18 billion by 2029, growing at a CAGR of 7.4%. Factors contributing to this growth during the projected period include a surge in the aging population, emphasis on home-based healthcare, improved healthcare accessibility, and advancements in technology. The forecast period is also expected to witness significant trends such as the creation of intelligent and portable oxygen concentrators, an upswing in collaborations and acquisitions, technological enhancements, the introduction of novel payment schemes, and a surge in patent registration.

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What Are the Major Market Drivers Behind the Rising Adoption of Oxygen Concentrators Market?

The escalation in cases of respiratory ailments worldwide is fuelling the expansion of the oxygen concentrators market. Asthma and chronic obstructive pulmonary disease (COPD) are recognised globally as the most prevalent chronic respiratory disorders. For example, a report released in February 2023 by the American Lung Association, an American voluntary association for lung health and prevention of lung diseases, stated that chronic lung conditions such as asthma or COPD, which also envelop emphysema and chronic bronchitis, impact over 34 million Americans. Additionally, over 25 million Americans, inclusive of more than 4 million children, suffer breathing difficulties as a result of asthma. Thus, the surge in respiratory disorders is propelling the growth of the oxygen concentrators market.

Which Key Market Segments Comprise the Oxygen Concentrators Market and Drive Its Revenue 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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Which Areas Are Leading Regions in the Oxygen Concentrators Market Expansion Across the Globe?

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.

What Are the Strategic Trends Steering theOxygen Concentrators Market Direction?

Firms in the oxygen concentrators market are progressively making investments in areas such as artificial intelligence and affordable portable apparatus to enhance the performance of these oxygen concentrators. The demand for portable and cost-efficient concentrators has surged due to the pandemic. For example, in March 2024, Drive DeVilbiss Healthcare, an American premier manufacturer of long-lasting medical equipment, in collaboration with Sanrai International, an innovative medical equipment company also based in America, announced the launch of the PulmO2 10L Oxygen Concentrator. This product is engineered for energy efficiency and durability, making it perfectly suited for rigorous clinical situations. The PulmO2 is designed to offer dependable oxygen therapy, specifically in low-resource environments, and is anticipated to drastically reduce energy expenses in comparison to conventional 10L concentrator.

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How Is the Oxygen Concentrators Market Conceptually Defined?

Oxygen concentrators are devices that separate nitrogen and oxygen from the air in the environment and provide pure oxygen to the patient. These are used for supplying oxygen to patients suffering from respiratory diseases.

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