Middle East & Africa Oxygen Concentrators Market Size & Outlook
Middle East & Africa oxygen concentrators market, 2018-2030 (US$M)
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MEA oxygen concentrators market highlights
- The MEA oxygen concentrators market generated a revenue of USD 170.9 million in 2023.
- The market is expected to grow at a CAGR of 3% 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.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 170.9 million |
| Market revenue in 2030 | USD 210.2 million |
| Growth rate | 3% (CAGR from 2023 to 2030) |
| Largest segment | Fixed/stationary medical oxygen concentrators |
| Fastest growing segment | Portable Medical Oxygen Concentrators |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, MEA region accounted for 4.8% of the global oxygen concentrators market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,176.1 million by 2030.
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Oxygen Concentrators Market Scope
Oxygen Concentrators Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 89.58% in 2023. Horizon Databook has segmented the Middle East & Africa 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.
MEA is expected to grow at a CAGR of 4.1% over the forecast period. Economic development and increasing healthcare expenditure are key factors contributing toward market growth. While life expectancy in MEA has increased considerably over the years, the population is facing issues such as the increasing prevalence of chronic diseases, diet-related risk factors, and deaths from accidents & road injuries.
These factors, coupled with and an increase in the aging population, are likely to drive the market over the forecast period. Moreover, respiratory disorders such as lung cancer, tuberculosis, and asthma are increasing, owing to increasing consumption of tobacco, extreme weather variations, and genetic conditions.
The rising prevalence of tobacco smoking and obesity in the region due to sedentary lifestyle and the associated lung diseases with them are presenting a major health burden on the medical system in the region. This increasing prevalence of related diseases are expected to create a strong demand for medical oxygen concentrators and cylinders over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa oxygen concentrators market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa oxygen concentrators market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA oxygen concentrators market size, by country, 2018-2030 (US$M)
Middle East & Africa Oxygen Concentrators Market Outlook Share, 2023 & 2030 (US$M)
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