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Medical Oxygen Concentrators Market - By Product, By Technology, By Application, By End Use - Global Forecast, 2026 - 2035
Report ID: GMI15506
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Published Date: January 2026
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Report Format: PDF
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Authors: Mariam Faizullabhoy, Shreya Gajanan Meshram
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Base Year: 2025
Companies covered: 15
Tables & Figures: 137
Countries covered: 19
Pages: 140
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Medical Oxygen Concentrators Market
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Medical Oxygen Concentrators Market Size
The global medical oxygen concentrators market was valued at USD 1.8 billion in 2025. The market is expected to grow from USD 1.9 billion in 2026 to USD 3.3 billion in 2035, at a CAGR of 6.4% during the forecast period, according to the latest report published by Global Market Insights Inc. The market for medical oxygen concentrators has been growing significantly worldwide due to an increasing number of people prone to chronic respiratory disease and an escalating demand for effective oxygen therapeutic solutions. With a surge in the global prevalence of an aging population, an increasing number of people with chronic obstructive pulmonary disease (COPD), and a growing need for cost-effective health care solutions, oxygen concentrators have become an essential part of respiratory care.
One major factor contributing to market expansion is the ever-increasing aging population worldwide, which is more susceptible to chronic respiratory diseases. As estimated by the World Health Organization, the rate of aging population escalation is rising, and it has been predicted that 80% of the elderly population in 2050 will be found in low and middle-income countries. Interestingly, the year 2020 saw more people aged 60+ than the number of people below five years. This increase in the aging population, coupled with the rising incidence of COPD globally because of increased cigarette smoking, air pollution, and occupational exposures, has helped drive the oxygen concentrators market steadily. The major players in this market are Koninklijke Philips N.V., Inogen, CAIRE, Drive DeVilbiss Healthcare, OXUS.
The medical oxygen concentrators market is witnessing growth, expanding from USD 1.7 billion in 2022 to USD 1.8 billion in 2024. The growth of the market is strongly linked to the escalating global burden of chronic obstructive pulmonary disease (COPD), a condition that significantly impairs respiratory function and often necessitates long-term oxygen therapy. According to the World Health Organization (WHO), COPD is the fourth leading cause of death worldwide, responsible for 3.5 million deaths in 2021, which accounts for approximately 5% of all global deaths. This alarming statistic highlights the critical need for accessible and reliable oxygen delivery solutions. Oxygen concentrators are proving essential in managing COPD patients by ensuring continuous oxygen supply, reducing hospital admissions, and enabling cost-effective care in home settings, particularly in regions with limited access to centralized oxygen systems or specialized respiratory care.
A medical oxygen concentrator is a device that provides patients with a steady supply of oxygen when they have trouble breathing due to conditions like COPD, asthma, or other respiratory illnesses. Instead of storing oxygen in heavy cylinders, the concentrator takes in air from the surroundings, removes nitrogen, and delivers concentrated oxygen to the patient through a mask or nasal cannula.
18% market share
Collective market share is 58% in 2025
Medical Oxygen Concentrators Market Trends
Medical Oxygen Concentrators Market Analysis
In 2022, the global medical oxygen concentrators industry was valued at USD 1.68 billion. The following year, it saw a slight rise to USD 1.73 billion, and by 2024 the market further climbed to USD 1.79 billion.
The market by product is categorized into portable medical oxygen concentrators and stationary medical oxygen concentrators. The portable medical oxygen concentrators segment held a significant market share of 65.4% in 2025. The segment is expected to exceed USD 2.2 billion by 2035, growing with a CAGR of 6.6% during the forecast period. On the other hand, stationary medical oxygen concentrators segment is expected to grow with a CAGR of 6%.
The medical oxygen concentrators market by technology is categorized into continuous flow and pulse flow. The continuous flow segment held a significant market share of 61.9% in 2025. On the other hand, pulse flow segment is expected to grow fastest with a CAGR of 6.7%.
Based on application, the market is segmented into chronic obstructive pulmonary disease (COPD), asthma, respiratory distress syndrome and other applications. The chronic obstructive pulmonary disease (COPD) segment accounted for over 51.7% business share in 2025 and is anticipated to witness significant growth during the forecast period.
Based on end use, the medical oxygen concentrators market is segmented into hospitals, clinics, home care and other end users. The home care segment accounted for over 41.1% market share in 2025 and is anticipated to witness significant growth during the forecast period.
North America Medical Oxygen Concentrators Market
The U.S. medical oxygen concentrators market was valued at USD 578.3 million and USD 595.7 million in 2022 and 2023, respectively. The market size reached USD 635.2 million in 2025, growing from USD 614.8 million in 2024.
Europe Medical Oxygen Concentrators Market
Europe market accounted for USD 497.7 million in 2025 and is anticipated to show lucrative growth over the forecast period.
Germany dominates the Europe medical oxygen concentrators market, showcasing strong growth potential.
Asia Pacific Medical Oxygen Concentrators Market
The Asia Pacific market is anticipated to grow at the highest CAGR during the analysis timeframe.
India medical oxygen concentrators market is estimated to grow with a significant CAGR, in the Asia Pacific market.
Latin America Medical Oxygen Concentrators Market
Brazil leads the Latin America medical oxygen concentrators industry, exhibiting remarkable growth during the analysis period.
Middle East and Africa Medical Oxygen Concentrators Market
Saudi Arabia medical oxygen concentrators industry is expected to experience substantial growth in the Middle East and Africa market in 2025.
Medical Oxygen Concentrators Market Share
The global medical oxygen concentrators industry is shaped by a mix of established leaders and emerging innovators, creating a dynamic and rapidly evolving competitive environment. The top five companies Koninklijke Philips N.V., Inogen, CAIRE, Drive DeVilbiss Healthcare, and OXUS collectively account for a 58% share, driven by their strong product portfolios, advanced technology features, and strategic partnerships across healthcare ecosystems.
To strengthen their market positions, these leading firms are pursuing multi-pronged strategies, including collaborations with hospital networks, partnerships with home healthcare providers, and expansion into high-growth regions such as Asia-Pacific, Latin America, and the Middle East. Their focus on portable oxygen concentrators, energy-efficient systems, and smart connectivity solutions is enabling continuous oxygen delivery, remote monitoring, and improved patient outcomes.
Overall, the market is witnessing intensified competition and greater technological diversity, as both established and emerging players continue to innovate and scale their offerings to meet global demand for affordable, portable, and connected oxygen therapy solutions.
Medical Oxygen Concentrators Market Companies
Prominent players operating in the medical oxygen concentrators industry are as mentioned below:
Koninklijke Philips N.V.
Koninklijke Philips N.V. is a leading player in the global medical oxygen concentrators market, recognized for its advanced respiratory care solutions and strong presence in both hospital and homecare segments. The company’s flagship product, SimplyGo Mini, is a next-generation portable oxygen concentrator (POC) designed to deliver continuous and pulse flow oxygen therapy in a lightweight, user-friendly format. Its compact design, long battery life, and intuitive interface make it ideal for patients seeking mobility and convenience.
Drive DeVilbiss Healthcare
Drive DeVilbiss Healthcare is a prominent player in the market, known for its innovative portable oxygen solutions that enhance patient independence and quality of life. The company’s flagship product, iGo2, is a smart portable oxygen concentrator featuring SmartDose Technology. This advanced feature ensures optimal oxygen therapy while maximizing battery efficiency, making it a preferred choice for active patients.
OXUS
OXUS is a key player in the global oxygen therapy market, recognized for its focus on high-performance portable oxygen concentrators. The company offers advanced oxygen concentrator solutions designed for reliability, portability, and ease of use. OXUS devices are engineered to deliver consistent oxygen flow with energy-efficient technology, catering to both homecare and travel needs. Their commitment to innovation positions OXUS as a strong competitor in the growing portable oxygen segment.
Medical Oxygen Concentrators Industry News
The medical oxygen concentrators market research report includes in-depth coverage of the industry with estimates and forecast in terms of revenue in USD million from 2022 - 2035 for the following segments:
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Market, By Product
Market, By Technology
Market, By Application
Market, By End Use
The above information is provided for the following regions and countries:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa