Towards Healthcare
Oxygen Concentrators Market size to Grow USD 2.05 Bn by 2034

Oxygen Concentrators Market Growth 2025 to 2034 North America Leading and Asia Pacific Fastest Growing

Market insights predict, the oxygen concentrators industry is expected to grow from USD 1.14 billion in 2024 to USD 2.05 billion by 2034, driven by a CAGR of 6.06%. The oxygen concentrators market is growing as it is an indispensable piece of equipment for treating respiratory failure, which is used not only in hospitals, but also for home oxygen therapy (HOT). It is significantly used in asthma, lung cancer, COPD, the flu, and other conditions. North America is dominant in the market due to the increasing prevalence of respiratory diseases and a well-established medical infrastructure.

Content

  • Insight Code: 6010
  • No. of Pages: 150+
  • Format: PDF/PPT/Excel
  • Published: August 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2022
  • Base Year: 2023
  • Estimated Years: 2024-2033

About The Author

Shivani Zoting is a dedicated research analyst specializing in the healthcare industry. With a strong academic foundation, a B.Sc. in Biotechnology and an MBA in Pharmabiotechnology, she brings a unique blend of scientific understanding and market strategy to her research.

Shivani contributes to Towards Healthcare and plays an active role at Precedence Research, where she focuses on delivering in-depth market intelligence, competitive analysis, and trend forecasting across pharmaceuticals, medical devices, digital health, and healthcare services. Her insights support healthcare companies, investors, and policymakers in making data-backed decisions in a highly regulated and rapidly evolving sector.

Additionally, Shivani collaborates with Statifacts, further expanding her healthcare domain reach by engaging in diverse projects across global markets. Her strength lies in transforming complex clinical and commercial data into strategic narratives that help stakeholders navigate the future of healthcare.

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FAQ's

The oxygen concentrators market in 2025 is valued at USD 1.21 billion and is projected to climb to USD 2.05 billion by 2034, with a CAGR of 6.06% over the forecast period.

North America is currently leading the oxygen concentrators market due to the increasing incidence of respiratory diseases and increasing healthcare spending.

The oxygen concentrators market includes five segments such as by device type, by technology, by application, by end-user, and by region.

Key trends include the development of portable and lightweight concentrators.

Unlike ventilators, an oxygen concentrator does not force air into the lungs. It simply releases oxygen that can be inhaled by the user.

Ministry of Health and Family Welfare, Government of India, National Institutes of Health, FDA, WHO, PIB, CDC.
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