China Oxygen Concentrators Market Size & Outlook
China oxygen concentrators market, 2018-2030 (US$M)
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China oxygen concentrators market highlights
- The China oxygen concentrators market generated a revenue of USD 157.5 million in 2023 and is expected to reach USD 249.4 million by 2030.
- The China market is expected to grow at a CAGR of 6.8% 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 157.5 million |
| Market revenue in 2030 | USD 249.4 million |
| Growth rate | 6.8% (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, China accounted for 4.4% 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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China 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 65.14% in 2023. Horizon Databook has segmented the China 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.
This is expected to fuel the demand for oxygen concentrators and cylinders in China. The increase in online sales of oxygen products is further influencing market growth in the country. The healthcare expenditure in China is expected to increase over the coming years, which can positively affect market growth.
However, the Chinese market is less regulated as compared to that in the U.S. Companies can produce low quality versions of medical concentrators and cylinders of their American counterparts. Hence, people avoid buying off-brand oxygen concentrators in China.
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Horizon Databook provides a detailed overview of country-level data and insights on the China oxygen concentrators market , including forecasts for subscribers. This country databook contains high-level insights into China oxygen concentrators market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China oxygen concentrators market size, by product, 2018-2030 (US$M)
China Oxygen Concentrators Market Outlook Share, 2023 & 2030 (US$M)
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