Canada Oxygen Concentrators Market Size & Outlook
Canada oxygen concentrators market, 2018-2030 (US$M)
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Canada oxygen concentrators market highlights
- The Canada oxygen concentrators market generated a revenue of USD 193.8 million in 2023 and is expected to reach USD 321.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 7.5% 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.
Oxygen concentrators market data book summary
| Market revenue in 2023 | USD 193.8 million |
| Market revenue in 2030 | USD 321.5 million |
| Growth rate | 7.5% (CAGR from 2023 to 2030) |
| Largest segment | Fixed/stationary 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, Canada accounted for 5.5% 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 North America, U.S. oxygen concentrators market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 321.5 million by 2030.
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Oxygen Concentrators Market Scope
Oxygen Concentrators Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 57.28% in 2023. Horizon Databook has segmented the Canada 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 affecting market growth are a strong distribution channel established by U.S. manufacturers that extends into the country and an increasing prevalence of respiratory disorders in the county.
Furthermore, technological advancements and new product developments, including those that enhance battery life of medical concentrators and provide easy mobility of these devices, are expected to provide major growth opportunities.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada oxygen concentrators market , including forecasts for subscribers. This country databook contains high-level insights into Canada oxygen concentrators market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada oxygen concentrators market size, by product, 2018-2030 (US$M)
Canada Oxygen Concentrators Market Outlook Share, 2023 & 2030 (US$M)
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