Saudi Arabia Oxygen Concentrators Market Size & Outlook
Saudi Arabia oxygen concentrators market, 2018-2030 (US$M)
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Saudi Arabia oxygen concentrators market highlights
- The Saudi Arabia oxygen concentrators market generated a revenue of USD 11.4 million in 2023 and is expected to reach USD 14.6 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 3.7% 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 11.4 million |
| Market revenue in 2030 | USD 14.6 million |
| Growth rate | 3.7% (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, Saudi Arabia accounted for 0.3% 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 Middle East & Africa, South Africa oxygen concentrators market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 17.9 million by 2030.
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Oxygen Concentrators Market Scope
Oxygen Concentrators Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia 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 76.32% in 2023. Horizon Databook has segmented the Saudi Arabia 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 include improved healthcare expenditure in the country, which provides better market opportunities to manufacturers. Moreover, the number of patients suffering from acute and chronic respiratory diseases in Saudi Arabia is expected to increase over the forecast period.
According to the Ministry of Health in 2014, respiratory diseases were the fifth leading cause of death in Saudi Arabia. Approximately, 3,388 people died due to respiratory diseases in 2014, which was a rise of 79.07% as compared to the number in 2010.
The prioritization of healthcare by the Saudi Arabian government is expected to drive market growth over the forecast period. For instance, to achieve Saudi Vision 2030, the government allocated USD 39.2 billion for healthcare and social development sector in 2018, The government is also planning to construct 36 new hospitals and two medical cities to improve the quality of care for patients.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia oxygen concentrators market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia oxygen concentrators market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia oxygen concentrators market size, by product, 2018-2030 (US$M)
Saudi Arabia Oxygen Concentrators Market Outlook Share, 2023 & 2030 (US$M)
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