Global Oxygen Concentrators Market Size & Outlook
Global oxygen concentrators market, 2018-2030 (US$M)
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Global oxygen concentrators market highlights
- The global oxygen concentrators market generated a revenue of USD 3,538.9 million in 2023 and is expected to reach USD 5,053.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.2% by 2030.
- In terms of segment, fixed/stationary medical oxygen concentrators accounted for a revenue of USD 1,872.1 million in 2023.
- Portable Medical Oxygen Concentrators is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 3,538.9 million |
| Market revenue in 2030 | USD 5,053.7 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Fixed/stationary medical oxygen concentrators |
| Fastest growing segment | Portable Medical Oxygen Concentrators |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Portable Medical Oxygen Concentrators, Fixed/Stationary Medical Oxygen Concentrators |
Other key industry trends
- In terms of revenue, the North America accounted for 38.1% of the global oxygen concentrators market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 54.2 million by 2030.
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Oxygen Concentrators Market Scope
Oxygen Concentrators Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global oxygen concentrators market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to oxygen concentrators market will help companies and investors design strategic landscapes.
Fixed/stationary medical oxygen concentrators was the largest segment with a revenue share of 52.9% in 2023. Horizon Databook has segmented the Global oxygen concentrators market based on portable medical oxygen concentrators, fixed/stationary medical oxygen concentrators covering the revenue growth of each sub-segment from 2018 to 2030.
The rising prevalence of respiratory diseases such as COPD, asthma, and sleep apnea is expected to drive the market growth. According to WHO, 3.23 million people died due to COPD, the third largest cause of mortality worldwide in 2019. The growing need for emergency treatment for prolonged ailments and protracted treatment associated with lung disorders in children and adults is expected to drive the market.
Oxygen therapy is increasingly preferred by physicians and patients for treating respiratory disorders, as these devices provide medical intervention in acute and chronic patient care. According to CDC, approximately 12.7 million adults over 18 are reported to have COPD in the U.S. Moreover, according to WHO estimates, potentially fatal respiratory diseases, including COPD, lung cancer, and tuberculosis, will account for about one in five deaths worldwide by 2030.
The growing prevalence of sleep apnea is also a significant growth driver of this market. According to the statistics published by CDC, in 2019, around 70 million Americans were affected by chronic sleep disorders. Moreover, the prevalence of obstructive sleep apnea was estimated at 12 million in the U.S., with a diagnosis rate of approximately 1 in 22.
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Our clientele includes a mix of oxygen concentrators market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global oxygen concentrators market , including forecasts for subscribers. This global databook contains high-level insights into Global oxygen concentrators market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global oxygen concentrators market size, by regions, 2018-2030 (US$M)
Top 10 countries: Oxygen concentrators market size, 2023 (US$M)
Global oxygen concentrators market share, by product, 2023 & 2030 (%, US$M)
Oxygen concentrators market: Opportunity assessment by country
Global oxygen concentrators market, by region, 2023 (US$M)
Related regional statistics
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