Oxygen Concentrators Market Insights, Size, Share & Growth Forecast to 2035

Key Oxygen Concentrators Market Highlights

Oxygen Concentrators Market Size Was Valued at USD 1.40 Billion in 2024, and is Projected to Reach USD 2.63 Billion by 2035, Growing at a CAGR of 5.90% from 2025-2035.

• Oxygen Concentrators Market Size in 2024: USD 1.40 Billion
• Projected Oxygen Concentrators Market Size by 2035: USD 2.63 Billion
• CAGR (2025–2035): 5.90%
• Leading Oxygen Concentrators Market in 2024: North America
• Fastest-Growing Oxygen Concentrators Market: Asia–Pacific
• By Product: The Portable segment is anticipated to lead the Oxygen Concentrator Market by accounting for 63% of the market share throughout the forecast period.
• By Technology: The Continuous Flow segment is expected to capture 56.9% of the Oxygen Concentrators Market share, thereby maintaining its dominance over the forecast period.
• By Region: North America region is projected to hold 34.02% of the Oxygen Concentrator Oxygen Concentrators Market share during the forecast period.
• Active Players: Belluscura Inc. (USA), BPL Medical Technologies Pvt. Ltd. (India), CAIRE Inc. (USA), Chart Industries Inc. (USA), Drive DeVilbiss Healthcare LLC (USA), and Other Active Players.

Oxygen Concentrators Market Synopsis:

An oxygen concentrator is a medical device that delivers concentrated oxygen of up to 95–96% purity to patients suffering from low blood oxygen levels. It is widely used in the treatment of chronic respiratory disorders such as COPD, asthma, pneumonia, pulmonary fibrosis, and lung cancer. According to global health estimates, over 300 million people suffer from COPD and nearly 260 million from asthma worldwide, significantly driving demand for oxygen therapy. The rising geriatric population, increasing air pollution, and high tobacco consumption further accelerate the Oxygen Concentrators Market growth. Additionally, the shift toward home-based oxygen therapy and advancements in portable and battery-operated concentrators are improving accessibility. However, the high cost of devices and strict regulatory approvals continue to restrain the Oxygen Concentrators Market expansion in price-sensitive regions.

 Oxygen Concentrators Market Dynamics and Trend Analysis:

 Oxygen Concentrators Market Growth Driver - Rising Global Burden of Respiratory Diseases

• The global demand for oxygen concentrators is being strongly driven by the rising burden of respiratory diseases worldwide. According to the World Health Organization, respiratory diseases caused 8.6 million deaths globally in 2022, while over 213 million people are currently living with COPD. The American Lung Association estimates that more than 35 million people in the U.S. alone suffer from COPD or asthma, reflecting a large and steady patient base for oxygen therapy.

• In addition, global lung cancer cases exceeded 2.35 million in 2021, further increasing the need for supplemental oxygen. The rapidly aging global population, with the number of people aged 65+ expected to reach 1.3 billion by 2030, is another key driver, as elderly patients are more prone to hypoxia and chronic lung conditions. Rising air pollution, smoking rates, improved home healthcare adoption, growth of portable oxygen technology, and supportive insurance reimbursements are further accelerating the global Oxygen Concentrators Market growth.

Oxygen Concentrators Market Limiting Factor - High Cost of Portable Oxygen Concentrators

• The high cost of portable homecare oxygen concentrators continues to be one of the main challenges affecting the growth. Even though demand is rising due to the increasing number of patients with COPD, asthma, and sleep apnea, affordability remains a serious issue for many users. In the United States, nearly 15 million people rely on home oxygen therapy, but the average price of a portable concentrator often ranges between USD 2,000 and USD 4,000, which limits direct purchasing.

• Advanced features such as long battery backup, compact size, and pulse-flow delivery systems add to the overall cost of the device. Because of this, a large number of patients choose to rent rather than buy these units. The elderly population, which forms a major consumer group, is especially affected by these financial limitations. Although manufacturers are working to offer more affordable models, reimbursement restrictions and cost pressures continue to slow wider adoption.

Oxygen Concentrators Market Expansion Opportunity - Emerging Opportunities in Home-Based Oxygen Therapy

• The rising shift toward home-based healthcare is creating strong growth opportunities for the oxygen concentrators market. Globally, the population aged 65 years and above is expected to cross 1.5 billion by 2050, significantly increasing long-term oxygen therapy demand. COPD alone affects more than 210 million people worldwide, while asthma impacts over 260 million individuals. Portable oxygen concentrators are witnessing higher adoption due to lightweight designs and battery runtimes exceeding 8–10 hours. The rapid growth of telemedicine, which expanded by over 35% post-pandemic, is further strengthening remote oxygen therapy adoption across global Oxygen Concentrators Markets.

Oxygen Concentrators Market Challenge and Risk - Regulatory Support, Aviation Compliance, and Reimbursement Impact on Oxygen Concentrators Market Growth

• Regulatory policies and reimbursement frameworks strongly influence the oxygen concentrators and cylinders Oxygen Concentrators Market. Stringent approval processes by authorities such as the CDSCO and FDA often delay product launches and increase compliance costs. In India, only 144 out of 247 medical device manufacturers completed registrations in 2022, reflecting regulatory complexity. Despite this, favorable reimbursement policies are improving adoption, with over 60% of oxygen therapy costs covered by insurance in developed Oxygen Concentrators Markets. Aviation regulations from the FAA and U.S. Department of Transportation also support approved portable oxygen concentrator use during air travel, expanding non-clinical demand and driving wider Oxygen Concentrators Market acceptance.

Oxygen Concentrators Market Trend - Technological Advancements and Product Innovation in the Global Oxygen Concentrators Market

• The global oxygen concentrators market is growing rapidly due to technological advancements and ongoing product innovation. Manufacturers are producing efficient, reliable, and affordable devices to meet rising demand in hospitals, homecare, and ambulatory settings. Modern concentrators are lightweight, portable, and user-friendly, with solutions for stationary, travel, and ambulatory use. Features such as continuous and pulse flow, real-time monitoring, wireless connectivity, and longer battery life enhance patient convenience and mobility.

• Increased research and development investments, along with mergers and collaborations, are driving innovation and Oxygen Concentrators Market expansion. Partnerships with related industries, including mask and glass manufacturers, are improving oxygen delivery systems. Rising respiratory diseases, aging populations, and supportive reimbursement policies are further fueling global adoption and Oxygen Concentrators Market growth.

Oxygen Concentrators Market Segment Analysis:

Oxygen Concentrator Oxygen Concentrators Market is segmented based on Product, Technology, Application, End-User, and Region.

By Product, Portable oxygen concentrator segment is expected to dominate the oxygen concentrator market with around 63% share during the forecast period.

• The portable oxygen concentrator segment is expected to grow at the fastest rate in the global oxygen concentrators market during the forecast period. Most portable units weigh less than 10 pounds, making them easy to carry in backpacks or shoulder bags for use at home, in hospitals, ambulatory surgical centers, and during travel. The rising prevalence of respiratory diseases such as COPD, asthma, and pneumonia, along with a growing elderly population, continues to support Oxygen Concentrators Market growth. Increasing air travel and approvals from the Federal Aviation Administration (FAA) have further boosted adoption. Continuous improvements in battery life, noise control, and oxygen delivery efficiency have improved patient convenience. The Oxygen Concentrators Market is projected to reach a notable value by 2027, driven by the strong shift toward home healthcare and long-term oxygen therapy.

By Technology, Continuous flow segment is expected to dominate with close to 56.9% Oxygen Concentrator Oxygen Concentrators Market share during the forecast period.

• Based on technology, the continuous flow segment held the largest revenue share of 56.9% in 2024, maintaining its strong dominance in the global oxygen concentrators market.

• Continuous flow oxygen concentrators provide a steady and uninterrupted supply of oxygen regardless of the patient’s breathing pattern, making them highly suitable for patients suffering from severe COPD, pulmonary fibrosis, and other chronic respiratory diseases. Their widespread use across hospitals, intensive care units, long-term care facilities, and homecare settings continues to support strong demand. These systems are also compatible with ventilators, CPAP machines, and humidifiers, which further strengthens their adoption.

Oxygen Concentrator Oxygen Concentrators Market Regional Insights:

North America region is estimated to lead the Oxygen Concentrator Oxygen Concentrators Market with around 34.02% share during the forecast period.

• North America emerged as the leading region in the global oxygen concentrators market. This strong position is driven by the high burden of respiratory diseases such as COPD, asthma, and sleep apnea across the region. In the United States alone, nearly 16 million people are affected by COPD, while Canada reports more than 4.6 million asthma patients, creating sustained demand for long-term oxygen therapy. The region is supported by a well-established healthcare system, favorable Medicare reimbursement policies, and increasing preference for home-based respiratory care. The U.S. holds nearly 80% of the North American portable oxygen concentrators market, supported by widespread adoption of lightweight, travel-friendly devices. The strong presence of key companies such as Inogen, CAIRE, Philips, and Drive DeVilbiss further supports innovation, product availability, and continued Oxygen Concentrators Market growth.

 Oxygen Concentrator Oxygen Concentrators Market Active Players:

• Belluscura Inc. (USA)
• BPL Medical Technologies Pvt. Ltd. (India)
• CAIRE Inc. (USA)
• Chart Industries Inc. (USA)
• Drive DeVilbiss Healthcare LLC (USA)
• GCE Group (Czech Republic)
• Inogen, Inc. (USA)
• Invacare Corporation (USA)
• Koninklijke Philips N.V. (Netherlands)
• Nidek Medical Products Inc. (USA)
• O2 Concepts LLC (USA)
• Oxymed India (India)
• ResMed Inc. (USA)
• Teijin Limited (Japan)
• Yuwell Jiangsu Yuyue Medical Equipment Co., Ltd. (China)
• Other Active Players

Key Industry Developments in the Oxygen Concentrators Market:

• In June 2025, Inogen, Inc. introduced the Voxi™ 5 Stationary Oxygen Concentrator, expanding its respiratory care portfolio and strengthening its presence in the home oxygen therapy market. Designed for long-term care patients in the U.S., Voxi 5 combines affordability, durability, and reliable performance, delivering 1–5 L/min of continuous, quiet oxygen flow in a compact, easy-to-move design. Developed in collaboration with Yuwell Medical, the device complements Inogen’s portable and at-home solutions, targeting price-sensitive customers and multi-room use

• In January 2024, O2 Conceptslaunched the Oxlife LIBERTY 2® Portable Oxygen Concentrator, expanding its advanced POC lineup with enhanced continuous flow capability. The wearable device now delivers up to 2.0 LPM continuous flow along with industry-leading pulse settings (1–10), offering a single, versatile solution for a wide range of oxygen therapy needs. Designed for patients, clinicians, and DMEs, Oxlife LIBERTY 2 combines mobility with clinical performance and features proprietary DNA Technology to support remote monitoring, asset management, and improved care outcomes.

Technical Overview and Advancements in Oxygen Concentrators

• Traditionally, oxygen therapy depended on heavy oxygen cylinders, which created challenges such as frequent refills, high transportation costs, risk of leaks, and restricted patient mobility. These limitations made long-term oxygen therapy inconvenient, particularly for homecare patients. Oxygen concentrators were developed to address these problems by producing medical-grade oxygen from ambient air using pressure swing adsorption (PSA) technology. Core components include an air compressor, dual zeolite sieve beds, cooling fans, oxygen purity sensors, and flow regulators, ensuring oxygen delivery at 90–95% purity. Continuous flow concentrators provide a steady oxygen supply, while pulse dose systems release oxygen only during inhalation to conserve energy. Modern devices feature digital displays, safety alarms, battery backup, and compact designs, improving convenience, patient safety, and usability in both clinical and homecare environments.