U.S. Oxygen Concentrators Market Size & Outlook, 2023-2030
U.S. oxygen concentrators market, 2018-2030 (US$M)
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U.S. oxygen concentrators market highlights
- The U.S. oxygen concentrators market generated a revenue of USD 1,153.5 million in 2023 and is expected to reach USD 1,621.3 million by 2030.
- The U.S. market is expected to grow at a CAGR of 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 1,153.5 million |
| Market revenue in 2030 | USD 1,621.3 million |
| Growth rate | 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, U.S. accounted for 32.6% 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 North America, U.S. oxygen concentrators market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 321.5 million by 2030.
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Oxygen Concentrators Market Scope
Oxygen Concentrators Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 56.8% in 2023. Horizon Databook has segmented the U.S. 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.
Factors driving market growth include a well-established healthcare infrastructure, government initiatives supporting better healthcare services, and favorable reimbursement policies. Moreover, the increasing prevalence of respiratory disorders such as asthma, COPD, chronic bronchitis, and lung cancer, due to smoking, negative lifestyle choices, and various environmental conditions, is expected to drive market growth.
These players have created a strong presence in the country by creating a wide distribution channel and establishing manufacturing plants in multiple locations. They have sponsored clinical trials on oxygen concentrators & cylinders and have invested heavily in R&D of their products.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. oxygen concentrators market , including forecasts for subscribers. This country databook contains high-level insights into U.S. oxygen concentrators market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. oxygen concentrators market size, by product, 2018-2030 (US$M)
U.S. Oxygen Concentrators Market Outlook Share, 2023 & 2030 (US$M)
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