Oxygen Concentrators Market Report 2026

Oxygen Concentrators Market Overview

• Oxygen Concentrators market size has reached to $2.38 billion in 2025 • Expected to grow to $3.31 billion in 2030 at a compound annual growth rate (CAGR) of 6.9% • Growth Driver: Increasing Prevalence Of Respiratory Disorders Driving Market Growth Due To Higher Need For Continuous Oxygen Therapy • Market Trend: Technological Advancements Drive Oxygen Concentrator Market With AI Integration And Portable Innovations • North America was the largest region in 2025 and Europe is the fastest growing region.

What Is Covered Under Oxygen Concentrators Market?

Oxygen concentrators are devices that separate nitrogen and oxygen from the air in the environment and provide pure oxygen to the patient. These are used for supplying oxygen to patients suffering from respiratory diseases. The main types of oxygen concentrators are portable and stationary. Portable oxygen concentrators are smaller, more mobile, affordable, and can be easily moved from one place to another. The different technologies include pulse dose, continuous flow, and others. These oxygen concentrators use various technologies such as pulse dose, and continuous flow and are used in various applications such as chronic obstructive pulmonary disease (COPD), lung cancer, pneumonia, and other respiratory system diseases and are used by hospitals, home care, and others.

What Is The Oxygen Concentrators Market Growth Forecast?

The oxygen concentrators market size is expected to see strong growth in the next few years. It will grow to $3.31 billion in 2030 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to increasing adoption of remote patient monitoring, rising investments in home healthcare infrastructure, expansion of portable medical device usage, growing focus on patient mobility solutions, continuous advancements in oxygen separation technologies. Major trends in the forecast period include increasing demand for portable oxygen concentrators, rising adoption of home-based oxygen therapy, growing integration of smart oxygen monitoring features, expansion of lightweight and compact device designs, enhanced focus on energy-efficient oxygen delivery.

What Is The Driver Of The Oxygen Concentrators Market?

The increase in the prevalence of respiratory disorders across the globe is expected to propel the growth of the oxygen concentrators market going forward. Respiratory disorders refer to chronic or acute conditions such as chronic obstructive pulmonary disease (COPD), asthma, pneumonia, and post-viral respiratory complications that impair lung function and reduce oxygen levels in the body. This rise in respiratory illnesses is driven by factors such as air pollution, tobacco use, occupational hazards, and the long-term health impacts of respiratory infections. The increasing prevalence of respiratory disorders supports the oxygen concentrators market by boosting demand for reliable, continuous oxygen therapy devices used in homes, clinics, and emergency care settings. For instance, according to the Centers for Disease Control and Prevention, a US-based government agency, the number of tuberculosis cases rose from 8,320 in 2022 to 9,615 in 2023, marking an increase of 1,295 cases. Additionally, the incidence rate climbed from 2.5 per 100,000 individuals in 2022 to 2.9 in 2023. Therefore, the increase in the prevalence of respiratory disorders is driving the growth of the oxygen concentrators industry.

Key Players In The Global Oxygen Concentrators Market

Major companies operating in the oxygen concentrators market are Inogen Inc, Koninklijke Philips N.V, Invacare Corporation, CAIRE Inc, O2 Concepts LLC, Nidek Medical Products Inc., Precision Medical Inc, Drive Devilbiss Healthcare Ltd, 3B Medical Inc, BPL, Evox Oxygen Concentrators, Nanjing Everich Medicare Import & Export Co. Ltd, AngelBiss Medical Technology Co. Ltd, Hefei DX Medical Co. Ltd, Longfian Scitech Co. Ltd, Pure O2, Heinen + Lowenstein GmbH & Co. KG, DeVilbiss Healthcare GmbH, ResMed, AirSep Corporation, Sequal Technologies Inc

Global Oxygen Concentrators Market Trends and Insights

Major companies in the oxygen concentrators market are increasingly investing in technologies such as artificial intelligence and low-cost portable devices to improve the functionality of these oxygen concentrators. Artificial intelligence and low-cost portable devices refer to affordable, compact diagnostic or monitoring tools that use artificial intelligence (AI) algorithms to deliver rapid, accurate analyses and healthcare insights at the point of care or in remote settings. For instance, in March 2024, Drive DeVilbiss Healthcare, a US-based leading manufacturer of durable medical equipment, in partnership with Sanrai International, a US-based company provides innovative medical equipment, has introduced the PulmO2 10L Oxygen Concentrator. This device is designed to be energy-efficient and durable, making it ideal for use in demanding clinical environments. The PulmO2 aims to deliver reliable oxygen therapy, particularly in low-resource settings, and is expected to significantly lower energy costs compared to traditional 10L concentrator.

What Are Latest Mergers And Acquisitions In The Oxygen Concentrators Market?

In January 2025, Yuwell Medical, one of the world’s largest manufacturers of oxygen concentrators, partnered with Inogen, to strengthen innovation and global reach in the respiratory health segment. Through this collaboration, Yuwell and Inogen aims to upgrade device technology through closer collaboration. By leveraging their respective expertise and brand presence across different industries and regions, the companies will pursue in-depth strategic cooperation focused on international distribution, trademark licensing, joint research and development, and supply chain optimization to advance technology upgrades and expand global accessibility of oxygen concentrators. Inogen is a US-based portable oxygen concentrator manufacturer.

What Defines the Oxygen Concentrators Market?

The oxygen concentrators market consists of sales of Compressed gas systems, Portable oxygen concentrators (POCs), and Liquid oxygen systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Oxygen Concentrators Market Report 2026?

The oxygen concentrators market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the oxygen concentrators industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.