Oxygen Therapy Equipment Market Share

ID: MRFR/HC/6047-HCR

200 Pages

Rahul Gotadki

October 2025

Oxygen Therapy Equipment Market Research Report By Product Type (Oxygen Concentrators, Oxygen Cylinders, Liquid Oxygen Systems, Oximeters), By Application (Respiratory Distress, Sleep Apnea, Chronic Obstructive Pulmonary Disease, Pulmonary Hypertension), By End User (Hospitals, Home Care Settings, Ambulatory Surgical Centers, Long-term Care Facilities), By Distribution Channel (Direct Sales, Me...

Oxygen Therapy Equipment Market Infographic

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Market Share

Oxygen Therapy Equipment Market Share Analysis

The Oxygen Therapy Equipment Market plays a critical role in the healthcare industry, providing essential respiratory support to patients with various medical conditions. Companies within this sector employ diverse market share positioning strategies to establish themselves as leaders in delivering effective and innovative oxygen therapy solutions. With regard to Product Innovation, remaining competitive in the Oxygen Therapy Equipment Market requires constant Product Innovation. Companies spend on the creation of multiple types of devices such as oxygen concentrators, cylinders and masks introducing innovative solutions to suit the dynamic demands of patients and healthcare practitioners. The most effective marketing strategies directed to the physicians themselves are essential. Companies promote relationships with respiratory therapists, pulmonologists, and other influential target audiences. This line of strategy guarantee that their products are recommended and favoured by professionals that influence decision making concerning the care of patients. Raising awareness among patients is a tactical effort. Educational campaigns are, therefore, a source of investment by companies aimed at enlightening individuals on the uses of oxygen therapy, side effects to inappropriate use of the equipment, and its assistance in the control of respiratory illnesses. This not only helps to build a loyal customer base but also affects the demand in the consumer driven market of healthcare. A reliable distribution is an essential point. Strategic partnerships between respiratory and oxygen therapy equipment companies are coordinated with healthcare distributors, pharmacies, and medical supply chains for its widespread availability. Such an approach allows for and ensures market penetration as well as convenient access for healthcare providers and end-users. For market diversification, the firms mainly concentrate on globalization and localization. The familiarization with regional healthcare needs, meanwhile, providing the necessary adaptation of products to the unique cultural and regulatory environment enable firms to operate in culturally diverse markets, attracting a wider base of customers. Equally important is the balance between quality and price. Companies apply competitive pricing strategies and thus, making consumer affordable oxygen therapy equipment which is used in various health facilities and individual user’s areas with different economic status. Regulatory compliance would be a mandatory. Companies with compliance to healthcare regulations and by adopting superior quality manufacturing processes establish trust among health professionals and users which ensures their position in the market. A very crucial part is the after-sales technical support aspect. Companies provide maintenance services, training programmes as well as responsive customer care to health care providers and end users. To ensure the continued optimal performance of oxygen therapy equipment the commitment to long term support has enhanced customer satisfaction and loyalty. Companies invest in ongoing research and development to anticipate future market needs. Staying ahead of emerging trends and technologies allows firms to proactively address evolving challenges, positioning themselves as leaders in shaping the future of oxygen therapy solutions.

Market Highlights

Author

Rahul Gotadki

Assistant Manager

He holds an experience of about 7+ years in Market Research and Business Consulting, working under the spectrum of Life Sciences and Healthcare domains. Rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. His expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. In addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives

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FAQs

What is the expected market size of the Oxygen Therapy Equipment Market by 2024?

The global market is expected to be valued at 3.43 USD billion by the year 2024.

What will be the market value of the Oxygen Therapy Equipment Market by 2035?

The market is projected to reach a value of 5.8 USD billion by the year 2035.

What is the expected CAGR for the Oxygen Therapy Equipment Market from 2025 to 2035?

The expected compound annual growth rate (CAGR) for the market is 4.89% during the forecast period from 2025 to 2035.

Which region is expected to dominate the Oxygen Therapy Equipment Market in 2024?

North America is anticipated to dominate the market with a value of 1.146 USD billion in 2024.

What will be the market size for Oxygen Concentrators by 2035?

The market size for Oxygen Concentrators is expected to reach 2.6 USD billion by 2035.

How much is the Oxygen Therapy Equipment Market in Europe expected to grow by 2035?

The market in Europe is expected to grow to 1.394 USD billion by 2035 from 0.844 USD billion in 2024.

What will be the market size for Oximeters in 2024?

The market size for Oximeters is projected to be valued at 0.23 USD billion in 2024.

Who are some of the key players in the Oxygen Therapy Equipment Market?

Major players include companies such as Invacare, Drive DeVilbiss Healthcare, and ResMed, among others.

What is the expected market size for Liquid Oxygen Systems by 2035?

Liquid Oxygen Systems are expected to have a market size of 1.2 USD billion by 2035.

How much will the market for Oxygen Cylinders be valued at in 2035?

The market for Oxygen Cylinders is projected to reach a value of 1.5 USD billion by 2035.

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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Market Summary

As per MRFR analysis, the Oxygen Therapy Equipment Market Size was estimated at 3.43 USD Billion in 2024. The Oxygen Therapy Equipment industry is projected to grow from 3.598 USD Billion in 2025 to 5.799 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 4.89 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Oxygen Therapy Equipment Market is experiencing robust growth driven by technological advancements and increasing healthcare needs.

Technological advancements in oxygen therapy equipment are enhancing treatment efficacy and patient comfort.
North America remains the largest market, while Asia-Pacific is emerging as the fastest-growing region in this sector.
Oxygen concentrators dominate the market, whereas oximeters are witnessing the fastest growth due to rising health awareness.
The rising incidence of chronic respiratory diseases and regulatory support for quality standards are key drivers of market expansion.

Oxygen Therapy Equipment Market

CAGR

4.89%

Market Size & Forecast

2024 Market Size	3.43 (USD Billion)
2035 Market Size	5.799 (USD Billion)
CAGR (2025 - 2035)	4.89%
Largest Regional Market Share in 2024	North America

Major Players

Philips (NL), ResMed (AU), Invacare (US), Drive DeVilbiss Healthcare (GB), OxyGo (US), AirSep (US), Breas Medical (SE), Caire Inc. (US)

Market Trends

The Oxygen Therapy Equipment Market is currently experiencing a notable transformation, driven by advancements in technology and an increasing awareness of respiratory health. The demand for oxygen therapy devices is on the rise, as healthcare providers and patients alike recognize the importance of effective respiratory support. Innovations in portable oxygen concentrators and non-invasive ventilation systems are reshaping the landscape, making treatment more accessible and convenient. Furthermore, the growing prevalence of chronic respiratory diseases is likely to propel the market forward, as more individuals seek reliable solutions for managing their conditions. In addition to technological advancements, the Oxygen Therapy Equipment Market is influenced by regulatory changes and an emphasis on patient-centered care. Manufacturers are adapting to new guidelines and standards, ensuring that their products meet safety and efficacy requirements. This focus on quality is expected to enhance consumer trust and drive market growth. As the industry evolves, collaboration between stakeholders, including healthcare providers, manufacturers, and regulatory bodies, appears essential for fostering innovation and improving patient outcomes. Overall, the Oxygen Therapy Equipment Market is poised for continued expansion, reflecting a broader commitment to enhancing respiratory health across diverse populations.

Technological Advancements

Recent innovations in oxygen therapy equipment, such as portable concentrators and advanced delivery systems, are enhancing patient mobility and comfort. These developments are likely to improve adherence to therapy and overall health outcomes.

Increased Prevalence of Respiratory Conditions

The rising incidence of chronic respiratory diseases is driving demand for oxygen therapy solutions. As more individuals require long-term respiratory support, the market is expected to expand significantly.

Regulatory Changes and Quality Standards

Evolving regulations and heightened quality standards are shaping the Oxygen Therapy Equipment Market. Manufacturers are focusing on compliance and safety, which may enhance consumer confidence and market growth.

Oxygen Therapy Equipment Market Market Drivers

Regulatory Support and Quality Standards

The Oxygen Therapy Equipment Market is also shaped by regulatory support and the establishment of quality standards that ensure the safety and efficacy of oxygen therapy devices. Regulatory bodies are increasingly focused on enhancing patient safety, which has led to stricter guidelines for manufacturers. Compliance with these regulations not only boosts consumer confidence but also encourages innovation within the industry. As manufacturers strive to meet these standards, the market is likely to see a rise in high-quality, reliable oxygen therapy equipment. This regulatory environment fosters a competitive landscape, driving advancements that could further enhance the Oxygen Therapy Equipment Market.

Rising Incidence of Chronic Respiratory Diseases

The Oxygen Therapy Equipment Market is significantly influenced by the rising incidence of chronic respiratory diseases, including chronic obstructive pulmonary disease (COPD) and asthma. According to recent health statistics, the prevalence of these conditions is on the rise, leading to an increased demand for oxygen therapy solutions. It is estimated that millions of individuals worldwide require supplemental oxygen therapy, which directly impacts the growth of the market. This trend is expected to continue, as lifestyle factors and environmental conditions contribute to respiratory health issues. Consequently, the Oxygen Therapy Equipment Market is poised for expansion, driven by the urgent need for effective therapeutic interventions.

Aging Population and Increased Healthcare Expenditure

The aging population is a critical driver of the Oxygen Therapy Equipment Market, as older adults are more susceptible to respiratory ailments. With a growing demographic of elderly individuals, the demand for oxygen therapy equipment is likely to increase. Additionally, rising healthcare expenditure in many regions is facilitating access to advanced medical technologies, including oxygen therapy devices. This trend indicates a shift towards more proactive healthcare management, where oxygen therapy plays a vital role in improving the quality of life for patients with respiratory conditions. As healthcare systems adapt to these demographic changes, the Oxygen Therapy Equipment Market is expected to benefit from increased investment and innovation.

Growing Awareness and Education on Respiratory Health

Increasing awareness and education regarding respiratory health are pivotal in driving the Oxygen Therapy Equipment Market. Public health campaigns and educational initiatives are informing patients and healthcare providers about the importance of oxygen therapy in managing respiratory conditions. This heightened awareness is likely to lead to earlier diagnosis and treatment, thereby increasing the demand for oxygen therapy solutions. Furthermore, as more individuals recognize the benefits of oxygen therapy, the market is expected to expand. The Oxygen Therapy Equipment Market stands to gain from this trend, as it aligns with the broader movement towards proactive health management and patient empowerment.

Technological Innovations in Oxygen Therapy Equipment

The Oxygen Therapy Equipment Market is experiencing a surge in technological innovations that enhance the efficiency and effectiveness of oxygen delivery systems. Advanced features such as portable oxygen concentrators, smart monitoring systems, and integrated telehealth capabilities are becoming increasingly prevalent. These innovations not only improve patient outcomes but also facilitate remote patient management, which is particularly beneficial for chronic respiratory disease patients. The market for portable oxygen concentrators alone is projected to grow significantly, driven by the demand for mobility and convenience. As technology continues to evolve, the Oxygen Therapy Equipment Market is likely to witness further advancements that could redefine patient care and operational efficiency.

Market Segment Insights

By Type: Oxygen Concentrators (Largest) vs. Oximeters (Fastest-Growing)

The Oxygen Therapy Equipment Market showcases a diverse array of devices, prominently featuring Oxygen Concentrators, which dominate the market share due to their efficiency and ease of use. Oximeters, while smaller in overall market share, are witnessing rapid adoption among consumers, particularly driven by the growing emphasis on remote patient monitoring and home care solutions. Their accessibility and increasing awareness have catalyzed this growth trend, making them a crucial segment in the market. In terms of growth trends, Oxygen Concentrators continue to solidify their position as essential devices in respiratory care, facilitated by advancements in technology that enhance portability and effectiveness. Conversely, Oximeters, particularly pulse oximeters, are emerging as indispensable tools for both healthcare professionals and patients managing chronic conditions at home. This increasing trend is fueled by healthcare transitions to digital solutions and a focus on preventive care.

Oxygen Concentrators (Dominant) vs. Oximeters (Emerging)

Oxygen Concentrators have established themselves as the dominant segment within the Oxygen Therapy Equipment Market due to their ability to produce a continuous supply of oxygen, making them ideal for long-term therapy needs. They offer users convenience and autonomy, leading to their widespread acceptance in both clinical and home settings. In contrast, Oximeters are characterized by their ability to provide quick, non-invasive assessments of blood oxygen levels, positioning them as an emerging technology with increasing demand. The simplicity of use and ability to facilitate continuous monitoring make them particularly appealing in the context of rising healthcare awareness and personalized medicine.

By Application: Chronic Obstructive Pulmonary Disease (Largest) vs. Sleep Apnea (Fastest-Growing)

In the Oxygen Therapy Equipment Market, Chronic Obstructive Pulmonary Disease (COPD) holds the largest share among application segments, reflecting the high prevalence and healthcare focus on chronic respiratory diseases. Conversely, Sleep Apnea is emerging as a significant area of growth, driven by increasing awareness, improved diagnosis rates, and the rising incidence of sleep-related disorders. Other applications like Respiratory Distress and Pulmonary Hypertension also contribute to the segment but do not yet match the prominence of COPD or the growth potential of Sleep Apnea. Recent trends indicate a shift towards more innovative and integrated solutions for managing chronic respiratory conditions. This transition is fueled by advancements in technology, including portable oxygen concentrators and telehealth solutions, enhancing patient engagement and access to care. Additionally, the growing geriatric population and lifestyle changes are propelling the demand for oxygen therapy across various applications, particularly in managing Sleep Apnea and maintaining quality of life for individuals with chronic respiratory illnesses.

Chronic Obstructive Pulmonary Disease (Dominant) vs. Sleep Apnea (Emerging)

Chronic Obstructive Pulmonary Disease (COPD) remains the dominant application within the Oxygen Therapy Equipment Market, primarily owing to an aging population and high smoking rates, which contribute to the increasing prevalence of this debilitating condition. Patients with COPD often require long-term oxygen therapy, indicating a strong and consistent demand for oxygen delivery systems. In contrast, Sleep Apnea is identified as an emerging application, rapidly gaining traction as awareness of sleep disorders rises. Individuals diagnosed with Sleep Apnea are increasingly seeking effective solutions to improve their sleep quality, driving innovation in oxygen therapy devices tailored for nighttime use. The healthcare community's focus on these segment values is paramount, as they underscore significant patient needs and opportunities for device manufacturers to develop specialized products.

By End User: Hospitals (Largest) vs. Home Care Settings (Fastest-Growing)

In the Oxygen Therapy Equipment Market, hospitals represent the largest end user segment, holding a significant share due to the increasing prevalence of respiratory diseases that necessitate oxygen therapy. Following closely, home care settings are rapidly gaining traction, driven by the rising demand for at-home healthcare solutions, particularly among the aging population and those with chronic respiratory conditions. The accessibility of oxygen therapy equipment in these settings is transforming patient care paradigms, making them more convenient and effective. Growth trends indicate a robust shift towards home care settings as they cater to a growing number of patients seeking treatment in the comfort of their own homes. Factors such as advancements in technology, regulatory support for home healthcare practices, and a preference for less hospital-centric care are propelling this segment. Hospitals remain essential but are increasingly complemented by the expansion of home care options, highlighting a dynamic shift in the oxygen therapy landscape.

Hospitals (Dominant) vs. Long-term Care Facilities (Emerging)

Hospitals are the dominant force in the oxygen therapy equipment market, primarily due to their extensive infrastructure and the critical need for oxygen provision during acute medical care. They offer a wide range of advanced therapeutic options and have established protocols for managing oxygen therapy. In contrast, long-term care facilities are becoming an emerging segment, reflecting a shift towards integrated care models for elderly patients. These facilities often provide chronic care management for those with ongoing respiratory issues, presenting a growing need for oxygen therapy support. As the focus on quality of life and patient management in long-term care increases, these facilities are expected to adopt more advanced oxygen therapy equipment, further narrowing the gap with hospital usage.

By Distribution Channel: Direct Sales (Largest) vs. Online Sales (Fastest-Growing)

The Oxygen Therapy Equipment Market is strategically segmented by distribution channels, showcasing a dynamic interplay among various sales methodologies. Direct sales remain the largest segment, leveraging established relationships with healthcare providers and institutions, ensuring consistent product availability and streamlined customer service. In comparison, online sales, though currently smaller in market share, are rapidly gaining traction due to increasing consumer preference towards e-commerce and the convenience it offers for purchasing medical supplies from home.

Direct Sales (Dominant) vs. Online Sales (Emerging)

Direct sales in the Oxygen Therapy Equipment Market are characterized by strong relationships with medical facilities and a robust supply chain that prioritizes reliability and service. This segment presents a dominant position, feeding into institutional demand where healthcare facilities seek immediate access to essential equipment. Conversely, online sales represent an emerging channel, driven by trends in digital commerce and a growing acceptance of purchasing health-related products online. This shift is fueled by younger demographics who prioritize convenience and accessibility, leading to innovations in the online purchasing experience for oxygen therapy equipment. The combination of these channels highlights the need for a balanced approach as both continue to evolve.

Get more detailed insights about Oxygen Therapy Equipment Market Research Report-Forecast to 2035

Regional Insights

The Oxygen Therapy Equipment Market is witnessing substantial growth across various regions, with a total market valuation projected at 3.43 USD billion in 2024. Among these regions, North America holds a significant position, valued at 1.146 USD Billion in 2024 and expected to reach 1.898 USD Billion by 2035, making it a dominant player in the market.

Europe follows closely behind, valued at 0.844 USD Billion in 2024 and anticipated to grow to 1.394 USD Billion by 2035, supported by a strong healthcare infrastructure and rising chronic respiratory diseases. The Asia Pacific region is also emerging as a vital contributor, showcasing a market value of 0.712 USD billion in 2024 and projected to rise to 1.19 USD billion by 2035, driven by increasing healthcare access and a growing aging population.

South America and the Middle East, and Africa, while smaller markets, are nonetheless valuable, with valuations of 0.178 USD Billion and 0.55 USD Billion in 2024, respectively. The potential for growth in these regions is propelled by improving healthcare facilities and increased awareness about oxygen therapy.

Overall, the Oxygen Therapy Equipment Market segmentation highlights regional variations that play a crucial role in shaping market dynamics and opportunities for providers in the industry.

Oxygen Therapy Equipment Market Regional Insights

Source: Primary Research, Secondary Research, Market Research Future Database, and Analyst Review

Key Players and Competitive Insights

The Oxygen Therapy Equipment Market has shown remarkable growth over the years due to increasing respiratory disorders and the rising number of aging populations globally. This market is characterized by dynamic competition, with numerous players engaged in developing innovative solutions to meet the increasing demand for oxygen therapy.

Strategies among these competitors often include a focus on advanced technology, effective distribution networks, and robust pricing strategies to capture a larger share of the market. Additionally, factors such as regulatory compliance, market access strategies, and collaborations with healthcare providers are crucial in defining the competitive landscape.

The ongoing investment in research and development, coupled with enhanced production capabilities, has enabled companies to introduce an array of products encompassing portable oxygen concentrators, stationary oxygen concentrators, and liquid oxygen systems, thereby diversifying the offerings available for patients and clinicians.

Within this competitive landscape, Invacare has established a strong presence in the Oxygen Therapy Equipment Market, leveraging its extensive experience and expertise in providing durable medical equipment. Known for its high-quality oxygen delivery systems and patient-centric approach, Invacare has consistently focused on enhancing user experience through improved product design and functionality.

The company’s strengths lie in its comprehensive product portfolio, which includes a variety of oxygen concentrators and related accessories, as well as its commitment to innovation and quality. By prioritizing customer engagement and establishing strategic partnerships, Invacare has succeeded in building a loyal customer base, enhancing its market reach, and ensuring competitive pricing strategies.

Their ongoing investment in new technologies further amplifies their market position, allowing them to respond efficiently to emerging trends and patient needs. Drive DeVilbiss Healthcare also plays a significant role in the Oxygen Therapy Equipment Market, recognized for its dedication to producing effective respiratory therapy solutions.

The company offers a range of products, including oxygen concentrators, nebulizers, and other essential devices that cater to patients with varying needs. Drive DeVilbiss Healthcare’s key strengths include its well-established distribution channels and its focus on customer service, ensuring that high-quality products are readily accessible to healthcare providers and patients worldwide.

The company has been proactive in forming strategic partnerships and engaging in mergers and acquisitions, further strengthening its market presence. By continuously investing in product development and technological advancements, Drive DeVilbiss Healthcare demonstrates a robust approach to maintaining leadership in the market, aiming to enhance patient outcomes through innovative solutions within the global landscape of oxygen therapy.

Key Companies in the Oxygen Therapy Equipment Market market include

Industry Developments

The Oxygen Therapy Equipment Market has seen a lot of changes in the last few months. This is because more people are getting respiratory diseases and more people are using home healthcare solutions.

Invacare said in September 2023 that it was making improvements to its home oxygen therapy systems to make them easier for patients to use and more likely to stick with them. To meet the need for flexible care, companies like Drive DeVilbiss Healthcare and ResMed keep making portable, easy-to-use concentrators.

In August 2023, Philips added more respiratory care products to its line, especially in non-invasive ventilation, to strengthen its leadership in sleep and respiratory health. This was not done by buying Breas Medical, as some earlier reports incorrectly said.

At the same time, Medtronic has been working to expand its respiratory portfolio, focusing on new ventilation technologies. In September 2023, Air Liquide said it would make big investments to improve its oxygen production and supply chain infrastructure across Europe.

The goal is to make it easier for people to get oxygen and be ready for public health emergencies. The market value has been steadily rising, which is a sign of more money being spent on healthcare and a growing number of older people.

In addition, there has been more investment in telehealth and remote oxygen monitoring solutions in recent years. This shows a move toward care models that are connected and focused on the patient.

Future Outlook

Oxygen Therapy Equipment Market Future Outlook

The Oxygen Therapy Equipment Market is projected to grow at a 4.89% CAGR from 2024 to 2035, driven by increasing respiratory diseases, technological advancements, and rising healthcare expenditure.

New opportunities lie in:

Expansion of telehealth services for remote oxygen monitoring.
Development of portable oxygen concentrators for home use.
Partnerships with hospitals for integrated oxygen therapy solutions.

By 2035, the market is expected to be robust, driven by innovation and strategic partnerships.

Market Segmentation

Oxygen Therapy Equipment Market Type Outlook

Oxygen Concentrators
Oxygen Cylinders
Liquid Oxygen Systems
Oximeters

Oxygen Therapy Equipment Market End User Outlook

Hospitals
Home Care Settings
Ambulatory Surgical Centers
Long-term Care Facilities

Oxygen Therapy Equipment Market Application Outlook

Respiratory Distress
Sleep Apnea
Chronic Obstructive Pulmonary Disease
Pulmonary Hypertension

Oxygen Therapy Equipment Market Distribution Channel Outlook

Direct Sales
Medical Supply Distributors
Online Sales

Report Scope

MARKET SIZE 2024	3.43(USD Billion)
MARKET SIZE 2025	3.598(USD Billion)
MARKET SIZE 2035	5.799(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)	4.89% (2024 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
Market Forecast Period	2025 - 2035
Historical Data	2019 - 2024
Market Forecast Units	USD Billion
Key Companies Profiled	Market analysis in progress
Segments Covered	Market segmentation analysis in progress
Key Market Opportunities	Integration of advanced telehealth solutions enhances accessibility in the Oxygen Therapy Equipment Market.
Key Market Dynamics	Rising demand for home healthcare drives innovation and competition in the Oxygen Therapy Equipment market.
Countries Covered	North America, Europe, APAC, South America, MEA