The market for oxygen concentrator market is expected to develop at a compound annual growth rate (CAGR) of 6.1% from 2025 to 2035, from its estimated USD 1.2 billion in 2024 to USD 2.30 billion by that time. Oxygen concentrators are widely used in the medical field for oxygen therapy, particularly in home or portable clinic settings were large, pressurized oxygen cylinders might be hazardous or impracticable.

A medical device called an oxygen concentrator removes nitrogen and other gases from the surrounding air to produce an oxygen-enriched gas stream. Compared to conventional oxygen tanks, this method is safer, more practical, and frequently less costly for storing liquid or compressed oxygen.

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OXYGEN CONCENTRATOR MARKET GROWTH DRIVERS

One major reason propelling market growth is the increasing prevalence of chronic respiratory conditions such as pulmonary fibrosis, sleep apnea, asthma, and COPD worldwide. With 3.5 million deaths in 2021, COPD ranks as the fourth leading cause of death worldwide, according to the World Health Organization (WHO). Smoking and air pollution are the main causes of these diseases' decline, especially in urban and industrial areas, which increases the need for oxygen concentrators.

Market growth is being greatly impacted by the demographic change brought on by the world's fast growing geriatric population. People who are older are more likely to experience respiratory weakness and chronic conditions such as pulmonary fibrosis, pneumonia, and COPD, which usually require long-term oxygen therapy. The demand for respiratory support systems will be greatly impacted by the United Nations' projections that the number of persons 65 and older would more than double from 761 million in 2021 to 1.6 billion in 2050, making them one in six people globally.

·         Portable

·         Stationery

By Technology –

·         Continuous Flow

·         Pulse Flow

By Flow Rate –

·         L/min

·         >1-5 L/min

·         >5-10 L/min

·         >10 L/min

By Application –

·         Chronic Obstructive Pulmonary Disorder

·         Asthma

·         Respiratory Distress

·         Others (Sleep Apnea, Interstitial Lung Disease, Interstitial Fibrosis, Cystic Fibrosis of Lungs, Post-Operative Care, Etc.)

By End User –

·         Hospitals & Clinics

·         Ambulatory Surgical Centers and Physicians' Offices

·         Home Care Settings

·         Other End Users

By Region -

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East & Africa

Key Players:

·         Philips Respironics

·         Inogen

·         CAIRE Inc.

·         Drive DeVilbiss Healthcare

·         ResMed

·         Nidek Medical

·         GCE Group

·         Invacare Corporation

·         BPL Medical Technologies

·         Longfian Scitech Co.

·         Other Key & Niche Players

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