Oxygen Therapy Market Report 2026

Oxygen Therapy Market Overview

• Oxygen Therapy market size has reached to $30.88 billion in 2025 • Expected to grow to $50.71 billion in 2030 at a compound annual growth rate (CAGR) of 10.4% • Growth Driver: The Surge In Respiratory Disorders Drives The Oxygen Therapy Market • Market Trend: Revolutionizing Oxygen Therapy With Cutting-Edge Technology And Versatile Delivery Options • North America was the largest region in 2025.

What Is Covered Under Oxygen Therapy Market?

Oxygen therapy refers to using additional oxygen as part of sickness management in people suffering from respiratory problems who can't naturally breathe in sufficient oxygen due to various diseases and ailments. Oxygen therapy provides persons with lung disorders or breathing difficulties with the oxygen their bodies require to operate. The main types of oxygen therapy products are oxygen delivery devices and oxygen source equipment. Oxygen delivery devices refer to secondary oxygen-providing equipment for people who cannot maintain a safe level of oxygen saturation and are used in oxygen therapy are controlling and monitor respiratory failure devices including nasal or transtracheal catheters, and nasal cannula. The various types of portability include stationary devices and portable devices that are used in various applications such as pneumonia, chronic obstructive pulmonary disease, asthma, obstructive sleep apnea, respiratory distress syndrome, cystic fibrosis, and others. These are used in hospitals, clinics, home care, and post-acute care settings.

What Is The Oxygen Therapy Market Growth Forecast?

The oxygen therapy market size is expected to see rapid growth in the next few years. It will grow to $50.71 billion in 2030 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to advancements in portable oxygen concentrators, increasing adoption of home oxygen therapy, integration with digital monitoring systems, growing demand for telehealth and remote care solutions, development of smart automated oxygen delivery devices. Major trends in the forecast period include adoption of portable oxygen concentrators, integration of smart monitoring with oxygen therapy, growth of home-based oxygen therapy, increasing use of automated oxygen delivery systems, expansion of telehealth-enabled oxygen management.

Global Oxygen Therapy Market Segmentation

1) By Product: Oxygen Delivery Devices, Oxygen Source Equipment 2) By Portability: Stationary Devices, Portable Devices 3) By Application: Pneumonia, Chronic Obstructive Pulmonary Disease, Asthma, Obstructive Sleep Apnea, Respiratory Distress Syndrome, Cystic Fibrosis, Other Applications 4) By End User: Hospitals, Clinics, Home Care, Post Acute Care Settings Subsegments: 1) By Oxygen Delivery Devices: Nasal Cannulas, Oxygen Masks, Venturi Masks, Non-Rebreather Masks 2) By Oxygen Source Equipment: Oxygen Concentrators, Compressed Oxygen Cylinders, Liquid Oxygen Systems, Portable Oxygen Systems

What Is The Driver Of The Oxygen Therapy Market?

The rising prevalence of respiratory disorders is expected to propel the growth of the oxygen therapy market going forward. A respiratory disorder is a condition that impacts the respiratory system's lungs and other organs, often known as lung diseases, which include tuberculosis, lung cancer, mesothelioma, cystic fibrosis, and asthma. Oxygen therapy is used in the treatment of people suffering from respiratory disorders by providing an additional supply of oxygen that relieves shortness of breath. For instance, in February 2023, according to the report published by the American Lung Association, a US-based voluntary lung health organization that prevents lung disease, a chronic lung illness, such as asthma or COPD, which also includes emphysema and chronic bronchitis, affects more than 34 million Americans. Additionally, more than 25 million Americans, including more than 4 million children, have breathing difficulties due to asthma. Therefore, the rise in the prevalence of respiratory disorders is driving the growth of the oxygen therapy industry.

Key Players In The Global Oxygen Therapy Market

Major companies operating in the oxygen therapy market are Smiths Medical Inc., Hersill SL, Fisher & Paykel Healthcare Corporation Limited, Invacare Corporation, Teleflex Incorporated, Koninklijke Philips N.V., Drive Devilbiss International, Allied Healthcare Products Inc., Becton Dickinson and Company, General Electric Company, Getinge Group, Essex Industries Inc., Chart Industries Inc., Drägerwerk AG & Co. KGaA, Gas Control Equipment Group, Thermo Fisher Scientific Inc., OxyBand Technologies Inc., Nidek Medical Products Inc., Linde Healthcare, Taiyo Nippon Sanso Corporation, Inogen Inc., Heinen + Löwenstein GmbH & Co. KG, Messer Medical Austria GmbH, TECNO-GAZ S.p.A, HUM - Gesellschaft für Homecare und Medizintechnik mbH, medicap homecare GmbH, GCE Holding AB, Salter Labs, Vyaire Medical Inc., CAIRE Inc., Precision Medical Inc., O2 Concepts LLC, AirSep Corporation

Global Oxygen Therapy Market Trends and Insights

Major companies operating in the oxygen therapy market are focusing on developing innovative products, such as next-generation portable oxygen concentrators, to gain a competitive advantage. These are compact machines that deliver clinically meaningful oxygen output while remaining lightweight and energy efficient, enabling greater patient mobility and independence in oxygen therapy. For instance, in October 2024, Inogen, Inc., a U.S.-based medical technology company, launched the Inogen Rove 4 portable oxygen concentrator, featuring four pulse-dose settings up to 840 ml/min, a user-friendly design weighing less than 3 lbs, and battery options delivering up to 5 hours and 45 minutes of operation. This trend enhances user autonomy and supports homecare adoption, though achieving higher continuous flow capacity in lightweight formats remains challenging.

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

In January 2023, CAIRE Inc., a US-based medical equipment manufacturing company acquired MGC Diagnostics for an undisclosed amount. With this acquisition, CAIRE Inc aims to strengthen its portfolio in diagnostic technologies and to serve patients with pulmonary disease. MGC Diagnostics is a US-based company involved in the manufacturing and sales of oxygen therapy tools such as pulse oximeters.

Regional Outlook

North America was the largest region in the oxygen therapy market in 2025. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Oxygen Therapy Market?

The oxygen therapy market consists of sales of pulse oximeters, oxygen flow meters, portable oxygen supply devices, nasal cannulas, simple masks, non-rebreather masks, continuous positive airway pressure, BiPAP, bag valve mask (ambu bag), endotracheal intubation, and mechanical ventilator. 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 Therapy Market Report 2026?

The oxygen therapy 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 therapy 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.