Australia Oxygen Concentrators Market Size & Outlook
Australia oxygen concentrators market, 2018-2030 (US$M)
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Australia oxygen concentrators market highlights
- The Australia oxygen concentrators market generated a revenue of USD 71.0 million in 2023 and is expected to reach USD 115.8 million by 2030.
- The Australia market is expected to grow at a CAGR of 7.2% from 2024 to 2030.
- In terms of segment, portable 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.
Oxygen concentrators market data book summary
| Market revenue in 2023 | USD 71.0 million |
| Market revenue in 2030 | USD 115.8 million |
| Growth rate | 7.2% (CAGR from 2023 to 2030) |
| Largest segment | Portable medical oxygen concentrators |
| Fastest growing segment | Portable Medical Oxygen Concentrators |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Australia accounted for 2.0% of the global oxygen concentrators market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China oxygen concentrators market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 213.8 million by 2030.
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Oxygen Concentrators Market Scope
Oxygen Concentrators Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia 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.
Portable medical oxygen concentrators was the largest segment with a revenue share of 51.13% in 2023. Horizon Databook has segmented the Australia 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.
Factors influencing market growth include the increase in number of ocean rafting and scuba diving activities and increasing healthcare expenditure.
In Australia, long-term oxygen therapy is mostly delivered at home using oxygen concentrators, whereas oxygen cylinders are provided for short-term relief. Owing to this, the demand for oxygen concentrators is likely to remain greater than that for cylinders.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia oxygen concentrators market , including forecasts for subscribers. This country databook contains high-level insights into Australia oxygen concentrators market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia oxygen concentrators market size, by product, 2018-2030 (US$M)
Australia Oxygen Concentrators Market Outlook Share, 2023 & 2030 (US$M)
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