Germany Oxygen Concentrators Market Size & Outlook
Germany oxygen concentrators market, 2018-2030 (US$M)
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Germany oxygen concentrators market highlights
- The Germany oxygen concentrators market generated a revenue of USD 232.5 million in 2023 and is expected to reach USD 337.6 million by 2030.
- The Germany market is expected to grow at a CAGR of 5.5% 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 232.5 million |
| Market revenue in 2030 | USD 337.6 million |
| Growth rate | 5.5% (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, Germany accounted for 6.6% 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 Europe, Germany oxygen concentrators market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 337.6 million by 2030.
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Oxygen Concentrators Market Scope
Oxygen Concentrators Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 54.75% in 2023. Horizon Databook has segmented the Germany 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.
Major factors driving market growth in this region include the large-scale industrialization that has significantly increased air pollution. According to Federal Environment Agency (UBA) in 2018, 57 German cities exceeded the level of air pollution set by the EU.
This high level of pollution has created inadequacy of pure oxygen, owing to which people suffering from respiratory problems have started depending on medical oxygen concentrators.
Moreover, increase in the number of hospitals that provide modern and high-quality health services has improved the demand for oxygen cylinders. In addition, the availability of private and public health insurance in the country has boosted the demand for medical oxygen concentrators & cylinders.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany oxygen concentrators market , including forecasts for subscribers. This country databook contains high-level insights into Germany oxygen concentrators market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany oxygen concentrators market size, by product, 2018-2030 (US$M)
Germany Oxygen Concentrators Market Outlook Share, 2023 & 2030 (US$M)
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