Global Oxygen Source Equipment Market Size Projected to Reach $5.87 Billion During the Forecast Period

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How Does The Market Size Of The Oxygen Source Equipment Industry Compare Between 2025 And 2029?

The oxygen source equipment market has experienced significant expansion in recent years. It is projected to grow from $3.59 billion in 2024 to $3.97 billion in 2025, at a compound annual growth rate (CAGR) of 10.6%. The market’s historical development can be attributed to the escalating incidence of chronic obstructive pulmonary disease (COPD), the expanding geriatric demographic, the increasing occurrence of respiratory ailments, enhanced understanding of the benefits of oxygen therapy, and an uptick in emergency and trauma cases.

The oxygen source equipment market is anticipated to experience substantial growth in the coming years. By 2029, it is projected to reach $5.87 billion, demonstrating a compound annual growth rate (CAGR) of 10.3%. This expansion during the forecast period is primarily fueled by the increasing demand for portable oxygen concentrators, the broadening reach of telehealth-based respiratory care, escalating air pollution levels, a rise in the number of long-term oxygen therapy patients, and a greater emphasis on home-based palliative care. Notable trends influencing this period include the advancement of wearable oxygen delivery devices, the integration of IoT-enabled oxygen monitors, the miniaturization of oxygen concentrators, the development of energy-efficient oxygen generation systems, AI-powered oxygen flow adjustment mechanisms, and real-time data tracking for oxygen usage.

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Which Factors And Drivers Are Influencing The Oxygen Source Equipment Market In 2025?

The growing incidence of respiratory ailments is anticipated to drive expansion in the oxygen source equipment market in the future. Respiratory diseases are defined as health conditions impacting the lungs and other components of the respiratory system, leading to breathing difficulties. This escalating occurrence of respiratory diseases largely stems from increased air pollution and contact with environmental toxins, which harm lung tissue, diminish respiratory function, and either initiate or worsen conditions like asthma, chronic obstructive pulmonary disease (COPD), and lung cancer. Oxygen source equipment finds application in treating respiratory diseases by providing supplementary oxygen, thereby assisting in sustaining sufficient blood oxygen levels when the lungs cannot perform this function adequately. For example, data from February 2024, published by the UK Health Security Agency, a UK-based government body, indicated that England experienced a 10.7% year-over-year rise in tuberculosis (TB) cases in 2023, with recorded cases increasing from 4,380 in 2022 to 4,850. Consequently, the growing prevalence of respiratory diseases is propelling the expansion of the oxygen source equipment market.

What Are The Different Segment Classifications Within The Oxygen Source Equipment Market?

The oxygen source equipment market covered in this report is segmented –

1) By Product Type: Oxygen Cylinders, Oxygen Concentrators, Liquid Oxygen Equipment, Oxygen Systems For Industrial Use, Portable Oxygen Systems

2) By Delivery Mode: Gas Delivery Systems, Cryogenic Liquid Delivery Systems, Portable Delivery Systems, Pipeline Delivery Systems, Bulk Oxygen Supply Systems

3) By Application: Hospital, Clinic, Other Applications

4) By End-User: Healthcare And Medical, Aerospace And Aviation, Industrial Manufacturing, Water Treatment Plants, Energy And Power Generation

Subsegments:

1) By Oxygen Cylinders: Steel Oxygen Cylinders, Aluminum Oxygen Cylinders, Composite Oxygen Cylinders, High-Pressure Oxygen Cylinders, Low-Pressure Oxygen Cylinders

2) By Oxygen Concentrators: Portable Oxygen Concentrators, Stationary Oxygen Concentrators, Continuous Flow Concentrators, Pulse Dose Concentrators

3) By Liquid Oxygen Equipment: Portable Liquid Oxygen Units, Home-Based Reservoir Systems, Hospital-Based Bulk Liquid Oxygen Systems, Mobile Cryogenic Containers

4) By Oxygen Systems For Industrial Use: Pressure Swing Adsorption (PSA) Oxygen Plants, Vacuum Pressure Swing Adsorption (VPSA) Plants, Cryogenic Air Separation Units (ASUs), Membrane-Based Oxygen Generators

5) By Portable Oxygen Systems: Wearable Oxygen Devices, Lightweight Cylindrical Kits, Portable Oxygen Concentrator Kits, Backpack Oxygen Delivery Systems

How Are Trends Influencing The Oxygen Source Equipment Market?

Leading companies in the oxygen source equipment market are prioritizing innovative products like portable oxygen concentrators to boost patient mobility, elevate their quality of life, and address the increasing need for home-based and travel-friendly respiratory care solutions. A portable oxygen concentrator is a compact medical instrument designed to extract and deliver concentrated oxygen from the surrounding air, enabling individuals with respiratory conditions to receive oxygen therapy while on the move. For instance, in October 2024, Inogen, a U.S.-based medical technology company, introduced the Rove 4, a lightweight portable oxygen concentrator weighing under 3 lbs. This device offers four flow settings, supplying up to 840 ml/min of medical-grade oxygen, and features three battery configurations that provide up to 5 hours and 45 minutes of operation. The Rove 4 is engineered to facilitate patient mobility and daily activities.

Which Major Firms Are Strengthening Their Position In The Oxygen Source Equipment Industry?

Major companies operating in the oxygen source equipment market are Medtronic plc, Air Liquide Healthcare, Koninklijke Philips N.V., GCE Healthcare, Teijin Limited, ResMed Inc., Fisher & Paykel Healthcare, Invacare Corporation, Contec Medical Systems, Inogen Inc., Drive DeVilbiss Healthcare, CAIRE Inc. (Chart Industries), Precision Medical Inc., OxyGo LLC, O2 Concepts LLC, Longfian Scitech Co. Ltd., Nidek Medical Products, Besco Medical Limited, Scaleo Medical SAS, Oxus Inc.

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Which Geographies Are Emerging As Strong Markets For The Oxygen Source Equipment Industry?

North America was the largest region in the oxygen source equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the oxygen source equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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