Medical Oxygen Concentrator Market Forecast: USD 1.96 BILLION Valuation by 2030
MarkNtel Advisors, a leading market research and consulting firm, has announced the release of its latest study titled Medical Oxygen Concentrator Market Research Report: Forecast (2025–2030). This report provides a detailed assessment of the Medical Oxygen Concentrator, covering its evolving dynamics, emerging trends, key growth drivers, major challenges, and competitive landscape.
Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.
Market Timeline Overview
- Historical Years: 2020–23
- Base Year: 2024
- Forecast Years: 2025–30
This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.
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In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2026 to 2032, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.
Medical Oxygen Concentrator Market Outlook
The Global Medical Oxygen Concentrator Market size is valued at around USD 1.42 billion in 2025 and is projected to reach USD 1.96 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 6.66% during the forecast period, i.e., 2025-30. The market growth is primarily driven by the confluence of healthcare, technological advancements, and demographic factors. The Increasing number of respiratory illnesses, including COPD, asthma, and COVID-19 respiratory issues, has created an ongoing need for oxygen therapy equipment that operates in residential settings and medical facilities. The growing number of elderly people in European and North American regions has increased the demand for portable oxygen concentrators due to the convenience and ability to support independent living.
Medical Oxygen Concentrator Market Drivers:
Rising Prevalence of Chronic Respiratory Diseases – The growth of the global medical oxygen concentrator industry is primarily attributed to the growing prevalence of chronic respiratory and related diseases. Rising incidences of chronic obstructive pulmonary disease (COPD), asthma, pneumonia, and debilitating complications of viral respiratory illnesses (COVID-19) have increased the demand for reliable solutions to deliver oxygen therapies. The aging population in developed regions, such as Europe, North America, and parts of East Asia, further creates greater demand, particularly since older patients are more susceptible to respiratory conditions and require consistent oxygen therapy to assist with respiratory disease.
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Medical Oxygen Concentrator Market Trends:
Increasing Adoption of Smart & Connected Devices – There is an increasing demand for smart and connected devices. As digital health solutions gained traction, manufacturers began embedding IoT mechanisms into oxygen concentrators in the form of remote monitoring and mobile app interfaces. This transformation is brought about by the increased need for real-time health monitoring, increased compliance from patients, and smooth compatibility with telemedicine services. For example, Philips Respironics released the Respi-Link diagnostic system that enables oxygen concentrators to automatically download data and perform remote diagnostics. After collecting the data, they would then be able to perform maintenance to maintain a low downtime, as well as gather useful recommendations for clinicians in the course of monitoring and providing patient care.
Medical Oxygen Concentrator Market Segmentation
The study categorizes the Medical Oxygen Concentrator into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.
By Type
- Portable
- Stationary
By End User
- Residential
- Non-Residential
By Technology
- Continuous Flow
- Pulse Flow
By Flow level
- 0 - 5 LPM
- 1 - 10 LPM
- Above 10 LPM
Geographical Analysis
The report presents detailed insights into the market’s geographical expansion, highlighting key trends and opportunities across the following geographies:
By Region
- North America
- South America
- Europe
- APAC
- MEA.
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Leading Companies in Medical Oxygen Concentrator Market Worldwide: Players, Analysis & Future Outlook
- Invacare Corporation
- Koninklijke Philips N.V.
- Drive DeVilbiss Healthcare Inc.
- CAIRE INC.
- Inogen Inc.
- O2 Concepts, LLC
- Nidek Medical Products, Inc.
- OxyGo, LLC
- ResMed
- Precision medical, Inc.
- GCE Group
- Linde plc
- Others.
Key Highlights of the Report
- Comprehensive Market Overview: In-depth analysis of market size, share, and forecasts from 2025 to 2030.
- Growth Drivers & Challenges: Clear insights into factors feeling or restraining market expansion.
- Investment & Regulatory Insights: Evaluation of key policies, funding trends, and collaborations influencing industry performance.
- Competitive Landscape: Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers & acquisitions.
Analytical Tools: Application of SWOT Analysis, PESTEL Analysis, and Porter’s Five Forces Model to assess competition and external influences
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Frequently Asked Questions (FAQ)
- What is the projected growth rate of the Medical Oxygen Concentrator?
2. What are the major factors driving this market’s growth?
3. Which regions are expected to lead the Medical Oxygen Concentrator?
4. Who are the prominent players in the Medical Oxygen Concentrator?
5. How is the competition structured in this market?
6. How can I access the full report?
About Us
MarkNtel Advisors is a globally recognized market research and consulting firm delivering intelligence across the healthcare industry, spanning pharmaceuticals, medical devices, healthcare IT, and biotechnology. Our analysts combine domain expertise with innovation tracking to help healthcare organizations improve efficiency and patient outcomes. Through Consulting Services, we assist clients in interpreting insights, designing go-to-market strategies, and adapting to regulatory changes, fostering sustainable growth in the evolving global healthcare ecosystem.
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