Global Oxygen Concentrators Market: Rising Demand for Home Oxygen Therapy

The global oxygen concentrators market is experiencing significant growth as demand for respiratory care devices rises worldwide. Oxygen concentrators are essential medical devices that extract and concentrate oxygen from air, providing supplemental oxygen therapy for ambient patients with respiratory conditions such as COPD (chronic obstructive pulmonary disease), asthma, and hypoxemia. These devices are increasingly used across hospitals, clinics, and especially home care settings.

Market Size & Forecast

Industry analysis project robust expansion for the oxygen concentrators market over the coming decade:

• The global oxygen concentrators market size was valued at $3,300.00 million in 2020, and is estimated to reach $6,063.90 million by 2030, growing at a CAGR of 5.90% from 2021 to 2030. 

The expansion reflects broader healthcare trends — notably an aging global population, rising prevalence of chronic respiratory diseases, and increasing demand for home-based oxygen therapy solutions. 

Key Market Drivers

Several factors are fueling demand across regions:

1. Rising Chronic Respiratory Illnesses

Conditions like COPD, asthma, and pulmonary fibrosis are becoming more common due to aging demographics, smoking, air pollution, and occupational exposures. This surge in respiratory disorders directly increases the need for reliable oxygen therapy devices.

2. Home Healthcare Trend

There's a growing shift toward home-based oxygen therapy , supported by patient preferences for comfort and autonomy, and healthcare systems seeking cost efficiencies. As a result, home care applications dominate market demand, accounting for a significant share of total units sold.

3. Technological Advancements

Innovations in oxygen concentrators — such as portable lightweight designs, longer battery operation, and smart connectivity features — are expanding usability and patient mobility, making devices more appealing for both clinical and personal use.

Market Segmentation Highlights

The market is diverse with several notable trends:

• Product Type: Both fixed (stationary) and portable oxygen concentrators contribute to market growth, with stationary units traditionally capturing the larger revenue share, while portable models are among the fastest-growing segments due to mobility and quality-of-life benefits. 
• Technology: Continuous flow systems often dominate because they provide reliable oxygen delivery for patients requiring consistent therapy. Meanwhile, pulse flow technologies are gaining traction in portable applications for improved efficiency and extended battery life. 
• Applications: Home care remains the leading application, outpacing institutional use, reflecting the strong preference for at-home treatment for chronic respiratory conditions

Geographic Outlook

• North America leads in market revenue thanks to high healthcare spending and established oxygen therapy infrastructure. 

• Asia-Pacific is emerging as a high-growth region, propelled by large populations, increasing healthcare awareness, and expanding home healthcare services — particularly in markets like India and China. 

• Other markets in Europe and Latin America are also contributing to demand, supported by aging populations and chronic disease prevalence.

  Key Benefits for Stakeholders

• This report provides an extensive analysis of the current and emerging market trends and dynamics in the global oxygen concentrators market to identify the prevailing opportunities.

• This study presents the competitive landscape of the global market to predict the competitive environment across regions.

• Comprehensive analysis of factors that drive and restrict the market growth is provided.

• Region & country-wise analysis is provided to understand the oxygen concentrators market trends and dynamics.