India Oxygen Concentrators Market Size & Outlook
India oxygen concentrators market, 2018-2030 (US$M)
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India oxygen concentrators market highlights
- The India oxygen concentrators market generated a revenue of USD 131.3 million in 2023 and is expected to reach USD 213.8 million by 2030.
- The India market is expected to grow at a CAGR of 7.2% 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 131.3 million |
| Market revenue in 2030 | USD 213.8 million |
| Growth rate | 7.2% (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, India accounted for 3.7% 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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India 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 67.33% in 2023. Horizon Databook has segmented the India 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.
Prevalence of respiratory diseases such as COPD, asthma, allergic rhinitis, and rhinosinusitis is increasing in India, which is expected to increase the number of patients and boost the demand for oxygen concentrators & oxygen cylinders.
Price is a major deciding factor in the country and hence, the demand for low-priced oxygen concentrators and cylinders is high. Stationary oxygen concentrators are preferred over portable concentrators in the country due to their lower prices. A portable oxygen concentrator can be 3 times more expensive than home oxygen concentrators.
Some of the medical oxygen concentrators available in the Indian market are Caire Inc., Philips Respironics, Invacare, DeVilbiss, and SeQual Portables. AirSep, Philips Respironics, and Nidek Medical are most preferred oxygen concentrators, while DeVilbiss is dominant in only a few cities.
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Horizon Databook provides a detailed overview of country-level data and insights on the India oxygen concentrators market , including forecasts for subscribers. This country databook contains high-level insights into India oxygen concentrators market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India oxygen concentrators market size, by product, 2018-2030 (US$M)
India Oxygen Concentrators Market Outlook Share, 2023 & 2030 (US$M)
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