Oxygen Concentrators Market is estimated to be valued at USD 2.6 Bn in 2025 and is expected to reach USD 4.88 Bn by 2032, growing at a compound annual growth rate (CAGR) of 9.4% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 2.6 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
9.40%
2032 Value Projection:
USD 4.88 Bn
Oxygen concentrators are widely used to treat patients with deficient supply of oxygen or who lack adequate amount of oxygen in blood. This device can be operated by being plugged into an energy source or using batteries. Oxygen concentrators are better alternative to oxygen cylinders that are heavy to carry everywhere. Oxygen concentrators can either be fixed devices or portable. Therefore, these devices can also be used at home. However, a prescription from a registered physician is required to purchase oxygen concentrators. Patients with severe respiratory disorders (asthma, nocturnal hypoxemia, terminal malignancy, and hypoxia) and cardiovascular diseases are prescribed oxygen concentrators. Moreover, oxygen concentrators are widely used in military or in case of disasters where carrying/using oxygen tanks could be risky due to its highly combustible nature.
Market Dynamics
The increasing number of surgeries is expected to offer lucrative growth opportunities for players in the global medical oxygen concentrators market. Generally oxygen is provided to patients at the time of surgery to prevent or treat acute hypoxaemia. For instance, according to Australian Institute of Health and Welfare's Hospitals at a glance 2017-18 report updated in August 2019, admissions for emergency surgery increased between 2016-2017 and 2017-2018 by 2.9% in public hospitals and by 5.1% in private hospitals in Australia.
Key features of the study
This report provides in-depth analysis of the global medical oxygen concentrators market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period 2025-2032, considering 2024 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global medical oxygen concentrators market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Inogen Inc., Invacare Corporation, OxygenToGo, LLC, Koninklijke Philips N.V., ResMed Inc., Drive DeVilbiss Healthcare LLC, Precision Medical, Inc., Besco Medical Co. Ltd., O2 Concepts, LLC, and GCE Group.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global medical oxygen concentrators market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global medical oxygen concentrators market.
Market Segmentation
Global Medical Oxygen Concentrators Market, By Modality
Portable
Stationary
Global Medical Oxygen Concentrators Market, By Technology
Pulse Flow
Continuous Flow
Global Medical Oxygen Concentrators Market, By End User
Hospital
Home Care
Ambulatory Surgical Centers
Global Medical Oxygen Concentrators Market, By Region
North America
By Modality
Portable
Stationary
By Technology
Pulse Flow
Continuous Flow
By End User
Hospital
Home Care
Ambulatory Surgical Centers
By Country
U.S.
Canada
Latin America
By Modality
Portable
Stationary
By Technology
Pulse Flow
Continuous Flow
By End User
Hospital
Home Care
Ambulatory Surgical Centers
By Country
Brazil
Mexico
Argentina
Rest of Latin America
Europe
By Modality
Portable
Stationary
By Technology
Pulse Flow
Continuous Flow
By End User
Hospital
Home Care
Ambulatory Surgical Centers
By Country
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Modality
Portable
Stationary
By Technology
Pulse Flow
Continuous Flow
By End User
Hospital
Home Care
Ambulatory Surgical Centers
By Country
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
By Modality
Portable
Stationary
By Technology
Pulse Flow
Continuous Flow
By End User
Hospital
Home Care
Ambulatory Surgical Centers
By Country
GCC
Israel
Rest of Middle East
Africa
By Modality
Portable
Stationary
By Technology
Pulse Flow
Continuous Flow
By End User
Hospital
Home Care
Ambulatory Surgical Centers
By Region/Country
South Africa
Central Africa
North Africa
Company Profiles
Inogen Inc.
Invacare Corporation
OxygenToGo, LLC
Koninklijke Philips N.V.
ResMed Inc.
Drive DeVilbiss Healthcare LLC
Precision Medical, Inc.
Besco Medical Co. Ltd.
O2 Concepts, LLC
GCE Group
Table of Contents
1. Research Objective and Assumption
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Modality
Market Snippet, By Technology
Market Snippet, By End User
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
Impact Analysis
Recent Product Launches
Epidemiology
Merger, Acquisition, and Collaborations
Regulatory Scenario
Key Developments
PEST Analysis
4. Global Oxygen Concentrators Market, By Modality, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021-2032
Segment Trends
Portable
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn)
Segment Trends
Stationary
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn)
Segment Trends
5. Global Oxygen Concentrators Market, By Technology, 2020 - 2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021-2032
Segment Trends
Pulse Flow
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn)
Segment Trends
Continuous flow
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn)
Segment Trends
6. Global Oxygen Concentrators Market, By End User, 2020 - 2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021-2032
Segment Trends
Hospital
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn)
Home Care
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn)
Ambulatory Surgical Centers
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn)
7. Global Oxygen Concentrators Market, By Region, 2020 - 2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021-2032
Segment Trends
North America
Introduction
Market Size and Forecast,Y-o-Y Growth and By Modality, 2020 -2032, (USD Bn)
Market Size and Forecast, Y-o-Y Growth and By Technology, 2020 -2032, (USD Bn)
Market Size and Forecast,Y-o-Y Growth and By End User, 2020-2032, (USD Bn)
Market Size and Forecast, By Country, Y-o-Y Growth and By Country, 2020 -2032, (USD Bn)
U.S.
Canada
Europe
Introduction
Market Size and Forecast,Y-o-Y Growth and By Modality, 2020 -2032, (USD Bn)
Market Size and Forecast, Y-o-Y Growth and By Technology, 2020 -2032, (USD Bn)
Market Size and Forecast,Y-o-Y Growth and By End User, 2020-2032, (USD Bn)
Market Size and Forecast, By Country, Y-o-Y Growth and By Country, 2020 -2032, (USD Bn)
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast,Y-o-Y Growth and By Modality, 2020 -2032, (USD Bn)
Market Size and Forecast, Y-o-Y Growth and By Technology, 2020 -2032, (USD Bn)
Market Size and Forecast,Y-o-Y Growth and By End User, 2020-2032, (USD Bn)
Market Size and Forecast, By Country, Y-o-Y Growth and By Country, 2020 -2032, (USD Bn)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
Introduction
Market Size and Forecast,Y-o-Y Growth and By Modality, 2020 -2032, (USD Bn)
Market Size and Forecast, Y-o-Y Growth and By Technology, 2020 -2032, (USD Bn)
Market Size and Forecast,Y-o-Y Growth and By End User, 2020-2032, (USD Bn)
Market Size and Forecast, By Country, Y-o-Y Growth and By Country, 2020 -2032, (USD Bn)
Brazil
Mexico
Argentina
Rest of Latin America
Middle East
Introduction
Market Size and Forecast,Y-o-Y Growth and By Modality, 2020 -2032, (USD Bn)
Market Size and Forecast, Y-o-Y Growth and By Technology, 2020 -2032, (USD Bn)
Market Size and Forecast,Y-o-Y Growth and By End User, 2020-2032, (USD Bn)
Market Size and Forecast, By Country, Y-o-Y Growth and By Country, 2020 -2032, (USD Bn)
GCC
Israel
Rest of Middle East
Africa
Introduction
Market Size and Forecast,Y-o-Y Growth and By Modality, 2020 -2032, (USD Bn)
Market Size and Forecast, Y-o-Y Growth and By Technology, 2020 -2032, (USD Bn)
Market Size and Forecast,Y-o-Y Growth and By End User, 2020-2032, (USD Bn)
Market Size and Forecast, By Country, Y-o-Y Growth and By Country/Region, 2020 -2032, (USD Bn)