Medical Oxygen Concentrators Market Share

On the basis of geographical analysis, the oxygen concentrators market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. Asia Pacific is estimated to hold largest revenue share by 2036, on the back of rapid rate of increase in geriatric population, growing usage of advanced technologies in the healthcare sector and escalating emphasis to maintain health standards in the region. Another report by WHO depicts that 9.8% of the total population of South East Asia consisted of people aged 60 years or above. This statistic is calculated to increase up to 13.7% by the end of 2030.

North America Market Analysis

Moreover, North America is assessed to occupy the largest market share during the forecast period, which can be credited to the implementation of government initiatives authorizing the usage of portable oxygen concentrators during air travel, high healthcare spending and growing incidences of sedentary lifestyle in the region.

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of oxygen concentrators is evaluated at USD 3.8 billion.

Oxygen Concentrators Market size was valued at USD 3.64 billion in 2023 and is set to cross USD 7.21 billion by 2036, expanding at more than 5.4% CAGR during the forecast period i.e., between 2024-2036. Increasing prevalence of chronic obstructive pulmonary diseases (COPDs) and growing demand for miniaturized oxygen concentrators will propel the market growth.

Asia Pacific is estimated to hold largest revenue share by 2036, on the back of rapid rate of increase in geriatric population, growing usage of advanced technologies in the healthcare sector and escalating emphasis to maintain health standards in the region.

The major players in the market are Koninklijke Philips N.V., DeVilbiss Healthcare LLC, Invacare Corporation, AirSep Corporation, and others.

Medical Oxygen Concentrators Market Share