Medical Oxygen Concentrators Market Size, Share, Growth, and Industry Analysis, By Type (Portable Medical Oxygen Concentrator, Mobile Medical Oxygen Concentrator, Stationary Medical Oxygen Concentrator), By Application (Hospital, Home, Outdoor/Conservancy Homes, and Others), Regional Insights and Forecast To 2035

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MEDICAL OXYGEN CONCENTRATORS MARKET OVERVIEW

The global Medical Oxygen Concentrators Market Size is anticipated to witness consistent growth, starting from USD 2.11 billion in 2025, reaching USD 2.14 billion in 2026, and climbing to USD 3.28 billion by 2035, at a steady CAGR of 3%.

The medical oxygen concentrators market has seen tremendous growth with the growing demand for oxygen therapy, especially in respiratory conditions like chronic obstructive pulmonary disease (COPD), asthma, and COVID-19. These devices are a necessity for patients who require supplementary oxygen to maintain adequate blood oxygen levels. Oxygen concentrators are preferred over traditional oxygen tanks because they can supply continuous oxygen and are portable as well as more cost-effective in the long term. The market is propelled by the aging population, growing levels of pollution, and improving health care technology. Further fueling market growth is increasing awareness about respiratory diseases and expansion in home health care services. As governments and healthcare providers look to better healthcare infrastructure, the medical oxygen concentrator market will continue growing worldwide.

KEY FINDINGS

COVID-19 IMPACT

Medical Oxygen Concentrators Industry Had a Positive Effect Due to surge in demand during COVID-19 Pandemic

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The impact of COVID-19 on the medical oxygen concentrators market was much higher than expected. The unprecedented surge in demand for oxygen therapy during the pandemic overwhelmed healthcare systems worldwide. Patients with severe cases of COVID-19 often experienced hypoxemia, requiring supplemental oxygen, which led to an acute shortage of oxygen concentrators.

The pressure was immense on governments, health organizations, and manufacturers to increase production and distribution as the demand was skyrocketing. The industry innovated and collaborated in order to increase production as quickly as possible. Supply chain disruptions and resource inequalities around the world exposed the vulnerabilities in the market. It has brought to light the fact that scalable manufacturing capacity and robust supply chains are very crucial to respond to global health crises in the future.

LATEST TRENDS

increasing adoption of portable oxygen concentrators to Drive Market Growth

One of the trends related to medical oxygen concentrators is the increasing popularity of portable oxygen concentrators. For patients who are in oxygen therapy, it offers added mobility and convenience, with greater independence and quality of life. It has mostly been driven by the popularity of home-based therapy along with technological advances. Given the increasing incidence of respiratory disorders and growth in home healthcare, this trend can be expected to continue to grow.

• According to the U.S. Food and Drug Administration (FDA), homecare oxygen therapy has seen a 25% increase in demand for medical oxygen concentrators from 2020 to 2023. The growing preference for at-home treatment options, driven by the COVID-19 pandemic and the aging population, has contributed significantly to this surge. The convenience and cost-effectiveness of at-home oxygen therapy are key drivers behind this trend.

• A report by the National Institute for Health and Care Excellence (NICE) states that advancements in oxygen concentrator technology have increased the efficiency and portability of devices. For instance, portable oxygen concentrators (POCs) now offer up to 30% more oxygen output while being 40% lighter than previous models. These improvements make oxygen concentrators more accessible for patients with mobility issues and for use during travel.

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MEDICAL OXYGEN CONCENTRATORS MARKET SEGMENTATION

By Type

Based on Type, the global market can be categorized into Portable Medical Oxygen Concentrator, Mobile Medical Oxygen Concentrator, Stationary Medical Oxygen Concentrator

• Portable Medical Oxygen Concentrators: These are portable, compact devices designed for easy mobility, allowing patients to maintain an active lifestyle while receiving oxygen therapy.

• Mobile Medical Oxygen Concentrators: Similar to portable units but optimized for use in vehicles or while traveling, providing flexibility and convenience for patients on the move.

• Stationary Medical Oxygen Concentrators: Larger units are used at home or in the clinical setting to provide continuous oxygen delivery and are best suited for patients requiring long-term or high-volume oxygen therapy.

By Application

Based on application, the global market can be categorized into Hospital, Home, Outdoor/Conservancy Homes, and Others

• Hospital: Concentrators are widely used in hospitals for critical care, emergency rooms, and post-surgical recovery of patients with respiratory complications.

• Home: The increasing demand for home-based oxygen therapy has created a need for concentrators that are user-friendly for personal use by patients with chronic respiratory conditions.

• Outdoor/Conservancy Homes: These equipment are used in outdoor care facilities or assisted living centers to provide supplemental oxygen for residents who need continuous or periodic therapy.

• Others: It includes specialized applications such as military, disaster response, or industrial healthcare requirements where portable or stationary oxygen concentrators are used.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.                         

Driving Factors

Rising Prevalence of Respiratory Diseases to Boost the Market

The primary driver for the medical oxygen concentrators market is the increasing incidence of respiratory diseases, such as chronic obstructive pulmonary disease (COPD), asthma, and sleep apnea. Smoking, environmental pollution, and occupational hazards are the key lifestyle factors responsible for this upsurge. As a result of the increased patient population requiring effective oxygen therapy solutions, the market is gaining momentum.

• According to the World Health Organization (WHO), chronic respiratory diseases, such as Chronic Obstructive Pulmonary Disease (COPD), affect around 400 million people worldwide, with up to 20% of the adult population at risk. This growing burden of respiratory diseases is driving the demand for medical oxygen concentrators, particularly for long-term oxygen therapy.

• As per the United Nations (UN), the global population aged 60 years and older is projected to reach 2.1 billion by 2050, a nearly 100% increase from 2017. This demographic shift is leading to higher incidences of age-related respiratory conditions, further fueling the demand for medical oxygen concentrators, particularly in senior care settings and home healthcare.

Shift Toward Home Healthcare to Expand the Market

Home care delivery of health services has gained momentum because of its cost-effectiveness and comfort for patients. Among the different models of oxygen concentrators, portable oxygen concentrators are suitable for home use. Advancements in telemedicine, aging population, and growing chronic illnesses create a trend that makes home-based oxygen therapy convenient.

Restraining Factor

High cost of oxygen concentrators to Potentially Impede Market Growth
 

Despite the benefits, this advanced oxygen concentrator holds a high cost, representing a significant restraint to market growth. Most patients, especially within developing regions, find this hard to afford. Incomplete reimbursement policies for home-based oxygen therapy add to such restraint, reducing access especially for low-income groups.

• According to the National Health Service (NHS), the high initial purchase price of medical oxygen concentrators, which can range from $2,000 to $5,000 per unit, is a significant barrier for some patients, particularly in low-income regions. While these devices offer long-term cost savings over oxygen tanks, the upfront cost remains a restraint.

• A report by the World Bank indicates that approximately 50% of people in low-income countries lack access to basic medical oxygen supplies. The limited availability and distribution networks for medical oxygen concentrators in these regions contribute to a significant gap in care for patients with respiratory diseases, further hindering market growth.

Technological Advancements in Oxygen Concentrators To Create Opportunity for the Product in the Market

Opportunity

Smart oxygen concentrators that are digitised, offer remote monitoring, and energy efficiency are major growth opportunities. These advancements make devices function better and make them friendlier and suitable for any setting. In addition, the use of IoT and AI technologies can enhance oxygen concentrators for patient care and further expand the market for adoption.

• According to the World Health Organization (WHO), countries in regions such as Southeast Asia and Africa are gradually adopting medical oxygen concentrators due to improving healthcare infrastructure. For example, India has witnessed a growth of over 20% in oxygen concentrator adoption in the last three years, driven by rising awareness and healthcare improvements.

• According to the U.S. Department of Health and Human Services (HHS), several government programs, including Medicare, now offer reimbursement options for home-based oxygen therapy, increasing the affordability of oxygen concentrators for patients in need. This trend is expected to continue, as more countries provide financial incentives for home healthcare services.

Supply Chain Disruptions Could Be a Potential Challenge for Consumers

Challenge

The supply chain disruptions have been the main challenge for the medical oxygen concentrators market during emergencies such as the COVID-19 pandemic. There has been a delay in manufacturing, shortages of raw materials, and logistical hurdles that exposed the vulnerabilities in the supply chain. Improvement in manufacturing resilience and strategic stockpiling will be needed to address these challenges and effectively meet sudden demand surges.

• According to the World Health Organization (WHO), one of the key challenges in using oxygen concentrators, particularly in rural or off-grid areas, is their reliance on continuous electricity. Power outages and limited access to reliable electricity make it difficult for patients to rely on concentrators, especially in developing countries.

• A report by the National Institute for Health and Care Excellence (NICE) highlights that while medical oxygen concentrators are designed for long-term use, they require regular maintenance and servicing to function optimally. Up to 15% of concentrators may need servicing within the first year of use, which can pose a challenge in regions with limited access to qualified technicians.

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MEDICAL OXYGEN CONCENTRATORS  MARKET REGIONAL INSIGHTS
 

• North America

The demand for the oxygen concentrators is significant in North America, based on a sound healthcare setup, high incidence of chronic respiratory diseases, and full-scale adoption of advanced medical technologies. This region benefits from the demographic trend toward aging populations across various regions, notably the U.S. Strong support from the governments for the home healthcare service also strengthens the regional markets.

• Europe

Europe is the region that holds a large share of the market. Countries such as Germany, France, and the UK dominate the market. The region benefits from increasing awareness of respiratory health, increasing healthcare spending, and focusing on reducing hospital admissions through home care solutions. Stringent regulations and initiatives promoting portable oxygen concentrators have further boosted market growth.

•  Asia-Pacific

Asia-Pacific is expected to grow the fastest, given a large population base, rapid urbanization, and increasing pollution levels leading to a rise in respiratory conditions. Countries like China, India, and Japan are key contributors, driven by expanding healthcare infrastructure and increasing investments in medical device manufacturing. Government initiatives to improve healthcare access in rural areas also play a significant role.

KEY INDUSTRY PLAYERS

Key Industry Players Shaping the Market Through Innovation and Market Expansion

Strategic innovation and market growth by key enterprise players in the medical oxygen concentrators market are shaping this marketplace. Advanced features such as smart technologies, remote monitoring capabilities, and energy-efficient designs are being integrated into their products. Specialized versions, such as portable and lightweight concentrators, high-flow oxygen delivery systems, and devices tailored for specific medical conditions, are being developed to meet diverse patient needs. Moreover, using e-commerce platforms and a variety of digital marketing, companies now expand market reach, improve customer engagement and distribution chains. These players are investing in research and development to enhance technology, improve oxygen delivery efficiency, and ensure portability of the device. They also strengthen their manufacturing capabilities and expand their reach into regional markets which are still untapped to be able to capitalize on this growing demand for oxygen concentrators. All these moves are geared toward creating new trends and solidifying positions in the global medical oxygen concentrators market.

• Inogen: Inogen is a major player in the medical oxygen concentrator market, known for its portable oxygen concentrators (POCs). According to the American Lung Association (ALA), Inogen's POCs are among the most popular choices in the home healthcare sector, particularly in the United States, where more than 50,000 devices have been sold since 2020.

• Yuyue Medical: Yuyue Medical, a leading Chinese company in the oxygen concentrator market, has expanded its presence in global markets, particularly in Asia and Europe. According to the Chinese Association of Medical Devices (CAMDI), Yuyue Medical has seen an 18% increase in exports of its oxygen concentrators to over 40 countries, meeting the rising demand for affordable medical oxygen solutions.

List of Top Medical Oxygen Concentrators Companies  

• Inogen - United States
• Yuyue Medical - China
• CAIRE - United States
• Teijin Pharma - Japan
• Philips - Netherlands
• Invacare - United States
• Haier - China
• Longfian - China
• Canta - China
• Linde - Germany
• SYSMED - China
• AERTI - China
• Omron - Japan
• DeVilbiss Healthcare - United States
• ResMed - United States
• Beijing Shenlu - China
• Longfei Group - China
• Daikin - Japan
• Nidek Medical - United States
• Air Water Group - Japan
• Jiangsu Jumao Kangwanjia Medical Equipment Co., Ltd. - China
• Hefei Kangjuren Intelligence Science & Technology Co., Ltd. - China
• Keyhub - China
• Haiyang Zhijia - China

KEY INDUSTRY DEVELOPMENT

March 2024: In March 2024, a global leader in the manufacturing of oxygen supply systems, CAIRE, cut the ribbon on a high-tech medical technology center in Chengdu, China. This new center is designed to upgrade services for customers throughout the Asia-Pacific region, by providing products such as the Eclipse 5 portable oxygen concentrator and the VisionAire 5 stationary oxygen concentrator, as well as selected AirSep commercial oxygen concentrators.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

Growth prospects in the medical oxygen concentrators market continue to remain optimistic, mainly due to the increasing prevalence of respiratory diseases, aging populations, and the growing demand for home healthcare solutions. However, there are challenges in the form of high-priced devices and limited accessibility in certain regions. Nonetheless, the increasing need for portable, efficient, and cost-effective oxygen therapy solutions will help in expanding the market. The key players are advancing through innovation in technologies, such as smart oxygen concentrators that have a remote monitoring system, and improved energy efficiency and more comfort for patients, all of which makes the products more functional and appealing. In the near future, the growth in medical oxygen concentrators will accelerate further with personalized health, increased technological advances, and higher adoption of home-based treatments for respiratory-related ailments.