(MENAFN- GlobeNewsWire - Nasdaq) Increasing Prevalence of Chronic Respiratory Diseases and Demand for At-Home Portable Oxygen Therapy to Drive U.S. Oxygen Concentrator Market Growth at 5.16% CAGR.

Austin, Oct. 02, 2025 (GLOBE NEWSWIRE) -- Oxygen Concentrator Market Size & Growth Analysis:

According to S&S Insider, the global Oxygen Concentrator Market was worth USD 3.48 billion in 2024, is forecast to grow steadily to USD 5.34 billion by 2032 at a compound annual growth rate (CAGR) of 5.56%. In the U.S., the market size was USD 1.18 billion in 2024 and is projected to reach USD 1.76 billion by 2032, with a CAGR of 5.16%. This growth is strongly supported by the increasing prevalence of chronic respiratory diseases such as COPD and asthma, affecting millions worldwide. Alongside this, a growing geriatric population, who are more susceptible to respiratory conditions, is propelling the demand for both portable and fixed oxygen concentrators.

The widespread adoption of home-based oxygen therapy, encouraged by patient preference for comfort and convenience, also plays a vital role in market expansion. However, high costs of advanced devices and limited insurance coverage pose challenges, especially in lower-income regions, potentially restraining market growth.

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Major Players Analysis Listed in the Oxygen Concentrator Market Report are

• Inogen
• Philips Respironics
• CAIRE Inc.
• Invacare Corporation
• Drive DeVilbiss Healthcare
• Nidek Medical Products
• O2 Concepts
• GCE Group
• Teijin Limited
• Chart Industries
• Other

Oxygen Concentrator Market Report Scope

Report Attributes	Details
Market Size in 2024	USD 3.48 Billion
Market Size by 2032	USD 5.34 Billion
CAGR	CAGR of 5.56% From 2025 to 2032
Base Year	2024
Forecast Period	2025-2032
Historical Data	2021-2023
Regional Analysis	North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, Poland, Turkey, Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Key Growth Drivers	Rising Incidence of Chronic Respiratory Diseases Drives the Market Growth Increasing Geriatric Population is Propelling the Market to Grow

Segmentation Analysis:

By Product

The fixed medical oxygen concentrators segment dominated the oxygen concentrator market share in 2024, with a 58.14%, due to its extensive application in the clinical and homecare environments for treating patients with long-term oxygen therapy. The portable medical oxygen concentrators segment will experience the fastest growth, owing to the rising need for mobility and independence for patients.

By Application

The oxygen concentrator market was dominated by the home care segment with 62.8% market share in 2024, owing to the widespread preference to treat chronic respiratory diseases at home. The non-home care segment will witness the fastest growth during the forecast period due to the growing demand for oxygen therapy in clinical, ambulatory, and emergency settings.

By Technology

In 2024, the oxygen concentrators market was dominated by the continuous flow segment, with a share of 57.16% due to their application to patients who need an uninterrupted and continuous flow of oxygen. The Pulse Flow segment is expected to be the fastest growing at 5.86% CAGR over the forecast period owing to their small size, energy efficient nature, and use amongst active and ambulatory patients.

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Oxygen Concentrator Market Key Segments

By Product

• Portable Medical Oxygen Concentrators
• Fixed Medical Oxygen Concentrators

By Application

• Home Care
• Non-Home Care

By Technology

• Continuous Flow
• Pulse Flow

By End-User

• Hospitals And Clinics
• Home Care Settings
• Ambulatory Surgical Centers and Physicians' Offices

Regional Analysis

North America Held the Dominant Share in the Market in 2024; Asia Pacific is Expected to Witness Highest CAGR Growth Over 2025-2032

North America dominates the oxygen concentrators market with a 39.24% market share in 2024 due to its well-established healthcare infrastructure, high awareness of respiratory disorders, and high demand for home oxygen therapy. Asia Pacific is the fastest-growing region in the oxygen concentrators market with 6.20% CAGR over the forecast period as a result of rising healthcare spending, rising awareness of respiratory care, and a high patient base with unmet medical needs.

Recent News:

• October 2024 – Inogen, Inc ., a global medical technology leader with expertise in homecare-focused respiratory innovation, released its newest product, the Inogen Rove 4 Portable Oxygen Concentrator, to the U.S. market.
• March 2024 – Drive DeVilbiss Healthcare , the world's leading oxygen therapy solutions provider, together with Sanrai International, a specialist serving underpenetrated healthcare markets, officially launched the new PulmO2 10 L Oxygen Concentrator on the world stage.

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Exclusive Sections of the Report (The USPs):

• RESPIRATORY DISORDER PREVALENCE METRICS – helps you understand the rising global burden of respiratory illnesses, offering insights into disease hotspots and regions with increasing demand for oxygen concentrators.
• REGIONAL PRESCRIPTION TRENDS – helps you analyze oxygen therapy prescription rates across key markets, enabling identification of high-growth regions and medical ecosystems driving adoption.
• HOMECARE ADOPTION INDEX – helps you assess the growing shift from hospital-based care to home-based oxygen therapy, highlighting consumer behavior and opportunities in portable concentrator segments.
• REIMBURSEMENT & POLICY LANDSCAPE – helps you evaluate the impact of government initiatives and insurance coverage trends on affordability and accessibility, guiding strategic pricing and market entry.
• PRICING TREND ANALYSIS – helps you track historical price movements (2020–2024), enabling stakeholders to anticipate cost fluctuations and align procurement and investment strategies.
• TECHNOLOGY PENETRATION RATE – helps you uncover emerging opportunities in advanced oxygen concentrator technologies, such as portable, energy-efficient, and smart-enabled devices catering to evolving patient needs.

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