Portable Oxygen Concentrator Market Size, Share, And Growth Report 2032

Portable Oxygen Concentrator Market: Size

The global Portable Oxygen Concentrator Market size was worth around USD 1657.57 million in 2023 and is predicted to grow to around USD 3541.04 million by 2032 with a compound annual growth rate (CAGR) of roughly 8.8% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD million). The report covers a forecast and an analysis of the Portable Oxygen Concentrator Market on a global and regional level.

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Portable Oxygen Concentrator Market: Overview

Portable oxygen concentrator devices have been in use for decades now. The oxygen that is delivered via portable oxygen concentrator devices has maximum concentration than outdoor air. Over the years, technological advancements related to these devices have helped them make more relevant to patients’ conditions, as companies are developing and improving the design to make the devices comparatively smaller in size and higher mobility. This device receives air, purifies and dispenses the freshly formed air. When the air goes into the oxygen concentrator, it consists of 80% nitrogen and 20% oxygen. The air that comes out from the oxygen concentrator contains 90 to 95% pure oxygen and 5 to 10% nitrogen.

The increasing number of cigarette smokers is one of the leading causes of preventable diseases and death. According to the American Heart Association, cigarette smoking is the main preventable cause of premature deaths in the U.S., which is leading to almost 440,000 of more than 2.4 million annual deaths in North America. Lung cancer and COPD are other major causes of mortality worldwide in today’s era. Smoking causes around 7 in 10 lung cancer cases in UK, which is also the most common cause of cancer-related death. However, the high cost of devices and stringent regulations will hinder the portable oxygen concentrator market growth in the future.

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Portable Oxygen Concentrator Market: Segmentation

The study provides a decisive view of the portable oxygen concentrator market based on flow type, delivery mode, end-user, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

Based on flow type, the global portable oxygen concentrator market includes continuous flow and pulse flow.

By delivery method, this global market includes fixed minute volume and fixed bolus volume.

The end-user segment includes homecare settings, ambulance, and hospitals and ambulatory clinics. The homecare settings segment is anticipated to exhibit the highest CAGR along with holding the dominant share of the global portable oxygen concentrator market in the years ahead. This can be attributed to the growing geriatric population, increasing global prevalence of COPD, and escalating demand for home healthcare oxygen therapies. Homecare settings endorse independence and make it safer and easier for patients to follow their daily activities effortlessly.

Portable Oxygen Concentrator Market: Report Scope

Portable Oxygen Concentrator Market: Regional Analysis

The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with its further classification into major countries including the U.S., Germany, France, UK, China, Japan, India, and Brazil.

By region, the North American portable oxygen concentrator market is anticipated to continue its regional dominance over the projected time period. Europe was the second leading market in 2023 globally. The Asia Pacific portable oxygen concentrator market is proposed to register the highest growth rate in the years ahead.

Portable Oxygen Concentrator Market: Competitive Players

Some major players operating in the global portable oxygen concentrator market are:

• Nidek Medical
• Besco Medical
• CAIRE
• Invacare Corporation
• GCE Holding AB
• Philips Healthcare
• O2 Concepts
• Covidien
• Inogen
• DeVilbiss Healthcare
• Teijin

The Global Portable Oxygen Concentrator Market is segmented as follows:

Global Portable Oxygen Concentrator Market: Flow Type Analysis

• Continuous Flow
• Pulse Flow

Global Portable Oxygen Concentrator Market: Delivery Method Analysis

• Fixed Minute Volume
• Fixed Bolus Volume

Global Portable Oxygen Concentrator Market: End-User Analysis

• Homecare Settings
• Ambulance
• Hospitals and Ambulatory Clinics

Global Portable Oxygen Concentrator Market: Regional Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa