Asia Pacific Oxygen Concentrators Market Size & Outlook
Asia Pacific oxygen concentrators market, 2018-2030 (US$M)
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Asia Pacific oxygen concentrators market highlights
- The Asia Pacific oxygen concentrators market generated a revenue of USD 787.9 million in 2023.
- The market is expected to grow at a CAGR of 5.9% from 2024 to 2030.
- In terms of segment, fixed/stationary medical oxygen concentrators was the largest revenue generating product in 2023.
- Portable Medical Oxygen Concentrators is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 787.9 million |
| Market revenue in 2030 | USD 1,176.1 million |
| Growth rate | 5.9% (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 |
| Key market players worldwide | Inogen Inc, Philips, Koninklijke Philips NV, Niterra Co Ltd, DeVilbiss Healthcare, React Health, Nidek Medical, O2 Concepts |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 22.3% of the global oxygen concentrators market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,176.1 million by 2030.
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Oxygen Concentrators Market Scope
Oxygen Concentrators Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 56.38% in 2023. Horizon Databook has segmented the Asia Pacific 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.
Asia Pacific region is expected to grow at a CAGR of 5.6% over the forecast period. Key factors driving market growth include rapidly increasing geriatric population and prevalence of lung disorders. It is estimated that by 2050, one in every four people in the region will be over 60 years of age.
Moreover, the geriatric population in Asia Pacific is expected to increase at a rapid pace between 2010 and 2050 to reach approximately 1.3 billion. In the more developed economies of the region, living and health standards have increased significantly.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific oxygen concentrators market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific oxygen concentrators market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific oxygen concentrators market size, by country, 2018-2030 (US$M)
Asia Pacific Oxygen Concentrators Market Outlook Share, 2023 & 2030 (US$M)
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