North America Oxygen Concentrators Market Size & Outlook

The oxygen concentrators market in North America is expected to reach a projected revenue of US$ 1,942.8 million by 2030. A compound annual growth rate of 5.4% is expected of North America oxygen concentrators market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,347.3
Forecast, 2030 (US$M)
$1,942.8
CAGR, 2024 - 2030
5.4%
Report Coverage
North America

North America oxygen concentrators market highlights

  • The North America oxygen concentrators market generated a revenue of USD 1,347.3 million in 2023.
  • The market is expected to grow at a CAGR of 5.4% 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.
  • Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.


North America data book summary

Market revenue in 2023USD 1,347.3 million
Market revenue in 2030USD 1,942.8 million
Growth rate5.4% (CAGR from 2023 to 2030)
Largest segmentPortable medical oxygen concentrators
Fastest growing segmentPortable Medical Oxygen Concentrators
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPortable Medical Oxygen Concentrators, Fixed/Stationary Medical Oxygen Concentrators
Key market players worldwideInogen Inc, Philips, Koninklijke Philips NV, Niterra Co Ltd, DeVilbiss Healthcare, React Health, Nidek Medical, O2 Concepts


Other key industry trends

  • In terms of revenue, North America region accounted for 38.1% 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 Companies

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North America 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 54.78% in 2023. Horizon Databook has segmented the North America 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.


Increasing geriatric population in the region is one of the significant drivers attributing to its large share. According to data published by the UN, in 2014, it was estimated that over 70 million people in North America were above 60 years of age.

Furthermore, government initiatives such as the authorized use of portable oxygen concentrators during air travel by the Federal Aviation Administration (FAA) and increasing prevalence of severe Chronic Obstructive Pulmonary Disorder (COPD) due to unhealthy lifestyle are the factors contributing to its leading share.

Additionally, rapid technological developments, increasing disposable income, local presence of key global players, and favorable reimbursement policies are expected to boost demand during the forecast period.

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Horizon Databook provides a detailed overview of continent-level data and insights on the North America oxygen concentrators market , including forecasts for subscribers. This continent databook contains high-level insights into North America oxygen concentrators market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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North America oxygen concentrators market size, by country, 2018-2030 (US$M)

North America Oxygen Concentrators Market Outlook Share, 2023 & 2030 (US$M)

North America oxygen concentrators market size, by country, 2018-2030 (US$M)

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