Global Portable Oxygen Concentrators Market to Grow at 6.97% During 2025-2033, Reaching USD 3.5 Billion by 2033 - IMARC Group

December 17, 2024 | Healthcare

Global Portable Oxygen Concentrators Market Statistics, Outlook and Regional Analysis 2025-2033

The global portable oxygen concentrators market size was valued at USD 1.9 Billion in 2024, and it is expected to reach USD 3.5 Billion by 2033, exhibiting a growth rate (CAGR) of 6.97% from 2025 to 2033.

Portable Oxygen Concentrators Market

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The increasing incidence of respiratory diseases such as chronic obstructive pulmonary disease, asthma, and sleep apnea requires efficient oxygen therapy products, which is fueling the demand for portable oxygen concentrators. Moreover, the increasing elderly population vulnerable to respiratory disorders further expands the market potential. Air pollution and rising number of smokers worldwide further deteriorate respiratory conditions, thus driving the demand for portable oxygen therapy products.

The portable oxygen concentrator technology has also seen advancements with regards to increased efficiency with longer battery life and reduced and lighter designs that increase user appeal for mobility and independence while receiving treatment. Market trends reflect increased preference toward home-based care solutions since they are cost-effective and convenient as opposed to a hospital stay. This has influenced the manufacturers innovate POCs to cater to patient-specific needs. Further, better healthcare infrastructure and awareness programs on oxygen therapy are the drivers that are enhancing the adoption of portable devices in the emerging market. Integration of smart technologies, including connectivity to mobile applications for remote monitoring and adjustment, is also picking up with the increased adoption of digital health tools. Besides, in developed countries, government initiatives in terms of subsidies and reimbursements for medical devices are also expanding access to the market.

Global Portable Oxygen Concentrators Market Statistics, By Region

The market research report provides a comprehensive analysis of all the major regions, including North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa. North America is reported to hold a major portion of the revenue share in the market. Due to increased rates of respiratory diseases like COPD and asthma caused by demographic and environmental conditions, the market is witnessing growth. Additionally, it is due to enhanced expenditure on healthcare services along with patient preference towards care within homes as portables would enhance their convenience and mobility with regard to oxygen therapy.

North America Portable Oxygen Concentrators Market Trends:

North America is a key regional market for portable oxygen concentrators. Technological innovations including lightweight designs, extra-long battery life, and smart features like app connectivity are molding the market trends. Further, the government policies supporting Medicare reimbursement have widened access to these devices. With the value-based care model and personalized treatment, more patients need such advanced, user-oriented concentrators. Higher consciousness toward respiratory health and increasing desire for a better quality of patients' lives are also positive contributors to the market.

Asia Pacific Portable Oxygen Concentrators Market Trends:

The Asia Pacific portable oxygen concentrator market is expanding significantly as a result of rising healthcare costs and the high incidence of respiratory illnesses. Malaysia and Thailand are now increasingly witnessing medical tourism, thereby increasing the demand for portable oxygen concentrators. Tie-ups between global companies and local distributors also ensure that the product reaches more consumers.

Europe Portable Oxygen Concentrators Market Trends:

High prevalence of chronic respiratory conditions and a growing elderly population in Europe drive the European portable oxygen concentrators market. Awareness among patients regarding early diagnosis and oxygen therapy boosts adoption. Favorable reimbursement policies also support market growth across countries like Germany, France, and the UK. Increased focus on home-based care solutions and improved technology in medical devices is also contributing to demand in the region.

Latin America Portable Oxygen Concentrators Market Trends:

The market for portable oxygen concentrators in Latin America is growing with increasing respiratory diseases, such as COPD and asthma, due to pollution and rising smoking rates. With an improvement in the accessibility and affordability of healthcare services, such as in Brazil and Mexico, the demand for high-tech medical equipment has increased. With more awareness campaigns and increasing acceptance of homecare oxygen therapy, these factors are becoming crucial. Moreover, investments in healthcare infrastructure and the growing availability of compact, cost-effective portable concentrators are further propelling market growth in the region.

Middle East and Africa Portable Oxygen Concentrators Market Trends:

The portable oxygen concentrators market in the Middle East and Africa is gaining traction due to an increase in cases of chronic respiratory diseases and home healthcare solution adoption. Urbanization coupled with high levels of pollution have resulted in more respiratory-related diseases, especially within the urban regions of the GCC countries and South Africa. Besides, growing medical tourism and significant investments in advanced healthcare facilities are likely to contribute to growth in this market in this region.

Top Companies Leading in the Portable Oxygen Concentrators Industry

Some of the key companies in the global portable oxygen concentrators market include Caire Inc. (NGK Spark Plug Co. Ltd), Chart Industries Inc., Drive Devilbiss Healthcare Limited (Drive International LLC), Inogen Inc., Invacare Corporation, Koninklijke Philips N.V., Nidek Medical India Pvt Ltd, O2 Concepts LLC, Precision Medical Inc. (BioHorizons Inc.), Resmed Inc., Teijin Limited among others. Leading players in the market are engaging in strategic partnerships and product innovation to enhance their offerings and expand their market presence. For instance, in October 2024, Inogen Inc. announced the introduction of the Rove 4 Portable Oxygen Concentrator, which features a fourth flow setting that delivers 840ml/min of oxygen and offers up to 5.75 hours of operation in a portable design that enhances ambulatory oxygen therapy for patients.

Global Portable Oxygen Concentrators Market Segmentation Coverage

On the basis of technology, the market has been segregated into continuous flow and pulse flow. The pulse flow segment holds the largest market share owing to its lightweight design, energy efficiency, and suitability for mobile or active users.
Based on application, the market has been categorized into chronic obstructive pulmonary disease (COPD), asthma, respiratory distress syndrome, sleep apnea, and others. COPD represents the largest market segment. Factors driving this segment's growth include the increasing global prevalence of COPD, rising pollution levels, and the growing geriatric population prone to respiratory ailments.
On the basis of end user, the market has been classified into hospitals, ambulatory surgery centers, and others. The ambulatory surgery centers segment holds the largest market share as they are more cost-effective and convenient.

Report Features	Details
Market Size in 2024	USD 1.9 Billion
Market Forecast in 2033	USD 3.5 Billion
Market Growth Rate 2025-2033	6.97%
Units	Billion USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Technology Applications End Use Region
Technologies Covered	Continuous Flow, Pulse Flow
Applications Covered	Chronic Obstructive Pulmonary Disease (COPD), Asthma, Respiratory Distress Syndrome, Sleep Apnea, others
End Uses Covered	Hospitals, Ambulatory surgery Centers, Others
Regions Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Caire Inc. (NGK Spark Plug Co. Ltd), Chart Industries Inc., Drive Devilbiss Healthcare Limited (Drive International LLC), Inogen Inc., Invacare Corporation, Koninklijke Philips N.V., Nidek Medical India Pvt Ltd, O2 Concepts LLC, Precision Medical Inc. (BioHorizons Inc.), Resmed Inc. and Teijin Limited
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Portable Oxygen Concentrators Market to Grow at 6.97% During 2025-2033, Reaching USD 3.5 Billion by 2033 - IMARC Group

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