Oxygen Concentrators Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing Prevalence of Chronic Obstructive Pulmonary Diseases (COPDs)
- Growing Demand for Miniaturized Oxygen Concentrators
Challenges
- Stringent Government Regulations Regarding Manufacturing of Oxygen concentrators
Oxygen Concentrators Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
5.4% |
|
Base Year Market Size (2024) |
USD 3.84 billion |
|
Forecast Year Market Size (2037) |
USD 7.61 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of oxygen concentrators is estimated at USD 4.02 billion.
Oxygen Concentrators Market size was over USD 3.84 billion in 2024 and is anticipated to cross USD 7.61 billion by 2037, witnessing more than 5.4% CAGR during the forecast period i.e., between 2025-2037.
Asia Pacific industry is estimated to account for largest revenue share by 2037, 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.
