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Medical Oxygen Concentrators Market Trends

  • Report ID: 3116
  • Published Date: Sep 02, 2024
  • Report Format: PDF, PPT

Medical Oxygen Concentrators Market Trends

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

2023

Forecast Year

2024-2036

CAGR

5.4%

Base Year Market Size (2023)

USD 3.64 billion

Forecast Year Market Size (2036)

USD 7.21 billion

Regional Scope
  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:

Author Credits:  Radhika Pawar


  • Report ID: 3116
  • Published Date: Sep 02, 2024
  • Report Format: PDF, PPT

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.
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