As per MRFR analysis, the South Korea Medical Oxygen Concentrators Market Size was estimated at 101.4 (USD Million) in 2023. The South Korea Medical Oxygen Concentrators Market Industry is expected to grow from 107.7(USD Million) in 2024 to 278.2 (USD Million) by 2035. The South Korea Medical Oxygen Concentrators Market CAGR (growth rate) is expected to be around 9.01% during the forecast period (2025 - 2035).
Key South Korea Medical Oxygen Concentrators Market Trends Highlighted
The South Korea Medical Oxygen Concentrators Market is witnessing significant trends driven by various factors. One of the key market drivers is the increasing prevalence of respiratory diseases among the population, such as chronic obstructive pulmonary disease (COPD) and asthma. As per the Ministry of Health and Welfare of South Korea, the aging population is contributing to a rise in these conditions, creating a higher demand for medical oxygen concentrators.
Additionally, the COVID-19 pandemic heightened awareness about respiratory health, further accelerating the adoption of oxygen therapy solutions across healthcare facilities and at home.Opportunities to be explored include the growing trend towards home healthcare solutions. As patients prefer receiving treatments in a more comfortable environment, manufacturers are focusing on developing portable and user-friendly oxygen concentrators.
The government's initiatives to support home-based care are also encouraging investment in this area, paving the way for innovative products that cater to patients' needs. Furthermore, rising disposable incomes in South Korea enable more individuals to access advanced oxygen therapy equipment. Trends in recent times indicate a shift towards smart oxygen concentrators equipped with advanced technology for monitoring and efficiency.Such devices not only provide precise oxygen delivery but also enable doctors to track patients remotely, enhancing treatment outcomes.
The integration of internet connectivity and mobile applications is also on the rise, which ensures real-time data sharing and monitoring capabilities. These innovations are becoming essential drivers in the medical oxygen concentrators market in South Korea, showcasing a move towards more technologically advanced and patient-centered healthcare solutions.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
South Korea Medical Oxygen Concentrators Market Drivers
Rising Incidence of Respiratory Diseases
The growing prevalence of respiratory conditions, including asthma and Chronic Obstructive Pulmonary Disease (COPD), is driving a notable expansion in the South Korea medical oxygen concentrator market. With over 4.2 million instances recorded in the last five years, the South Korean Ministry of Health and Welfare reports that the number of COPD patients has been rising yearly. The necessity for home-based oxygen treatment has been more widely recognized as a result of this concerning fact, which has raised the demand for medical oxygen concentrators. The South Korean medical oxygen concentrators market is expanding at an accelerated rate because of programs started by groups like the Korean Academy of Tuberculosis and Respiratory Diseases to educate the public about respiratory health.
Aging Population
The aging population in South Korea is another critical driver for the South Korea Medical Oxygen Concentrators Market. As per the government statistics, the proportion of individuals aged 65 and older in South Korea is expected to reach 24% by 2030, up from 15% in 2020. This demographic shift has resulted in an increased prevalence of age-related health issues, including respiratory diseases, that require supplemental oxygen. The Korean Institute for Health and Social Affairs emphasizes the need for adequate healthcare resources, including medical oxygen concentrators, to cater to the growing elderly population, thereby driving market growth.
Technological Advancements
Ongoing technological advancements in the production and functionality of medical oxygen concentrators are significantly contributing to the growth of the South Korea Medical Oxygen Concentrators Market. The introduction of portable and lightweight models has greatly expanded the usability of oxygen concentrators, making them more accessible for patients, especially those who do not want to be confined to a medical facility. Major companies in South Korea are investing in Research and Development (R&D) programs to develop smarter, more efficient devices, leading to a wider adoption of these products.Reports indicate that firms like Samsung Medison are at the forefront of such innovations, positively impacting the South Korea Medical Oxygen Concentrators Market Industry.
Government Support and Policy Frameworks
Government support and policy frameworks aimed at improving healthcare accessibility in South Korea are vital drivers for the growth of the South Korea Medical Oxygen Concentrators Market. Recent policies introduced by the South Korean government have focused on enhancing healthcare infrastructure, particularly in rural areas where access to medical facilities is limited. Furthermore, the government's initiatives to subsidize medical oxygen concentrators for low-income families have led to increased affordability and access for patients in need.The Korea Health Industry Development Institute has reported that these policies have improved oxygen therapy accessibility by 30% in rural regions, creating a favorable environment for the South Korea Medical Oxygen Concentrators Market Industry to flourish.
South Korea Medical Oxygen Concentrators Market Segment Insights
Medical Oxygen Concentrators Market Product Type Insights
The South Korea Medical Oxygen Concentrators Market is diversifying its offerings through various Product Types, primarily including Portable Oxygen Concentrators and Stationary Oxygen Concentrators. The shift towards Portable Oxygen Concentrators has gained considerable momentum due to the increasing demand for mobility and independence among patients needing oxygen therapy.
These portable devices allow patients to maintain an active lifestyle and travel without the constraints typically associated with traditional oxygen delivery systems. The technological advancements in this segment have improved the efficiency and usability of portable devices, making them increasingly popular among both healthcare providers and consumers. In addition, the aging population in South Korea contributes to a larger customer base for Portable Oxygen Concentrators as more individuals experience chronic respiratory conditions.
On the other hand, Stationary Oxygen Concentrators continue to hold a vital position in the market, particularly for patients who require consistent and continuous oxygen supply at home. These systems are often more powerful and provide higher oxygen output, making them ideal for long-term therapy settings. They are also favored for their affordability in the long run, despite potentially higher initial investments, as they can support multiple users and reduce the need for frequent refills.
The South Korean government has also been promoting home healthcare solutions, further driving the demand for Stationary Oxygen Concentrators. In terms of overall growth, both Product Types complement each other and cater to different segments of the patient population, which reflects the overall dynamic nature of the South Korea Medical Oxygen Concentrators Market. As healthcare awareness continues to rise, the emphasis on both portability and stationary solutions substantiates the importance of these Product Types. Trends indicate a growing focus on patient comfort and quality of life, ensuring that innovations in these segments align with user needs.
With the steady advancements in technology and increasing healthcare accessibility provided through government initiatives, the role of Portable and Stationary Oxygen Concentrators is becoming more pronounced in South Korea's healthcare landscape, thus contributing to significant market growth and opportunity. The evolving landscape of the South Korea Medical Oxygen Concentrators Market reflects the necessity for continued innovation and responsiveness to patient needs, ensuring that both Product Types thrive amidst changing demographics and technological advancements.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Medical Oxygen Concentrators Market Technology Insights
The South Korea Medical Oxygen Concentrators Market is experiencing substantial growth driven by technological advancements and increasing healthcare demands. Specifically, the Technology segment includes Continuous Flow and Pulse Dose options, which play a crucial role in enhancing patient care. Continuous Flow concentrators are known for their ability to deliver a consistent oxygen supply, making them a preferred choice for patients requiring high levels of oxygen support, thereby holding a significant share of the market. Meanwhile, Pulse Dose technology allows for more efficient oxygen delivery through breath-triggered systems, appealing to mobile patients who require portability and comfort.
This segment is shaped by rising chronic respiratory diseases, a growing geriatric population, and heightened awareness of respiratory health, creating opportunities for innovative product development. Furthermore, government initiatives aiming to improve healthcare infrastructure in South Korea are likely to boost the adoption of advanced medical technologies. As the market evolves, competition among manufacturers to refine the technology and provide cost-effective solutions is anticipated to enhance the overall quality of care for patients relying on oxygen therapy.
Medical Oxygen Concentrators Market Indication Insights
The South Korea Medical Oxygen Concentrators Market is experiencing notable growth, driven primarily by the increasing prevalence of respiratory conditions among the population. Chronic Obstructive Pulmonary Disease, as a leading indication, significantly impacts the demand for oxygen concentrators due to its high incidence rate in South Korea. Asthma also represents a substantial category, with ongoing efforts to improve air quality and raise awareness about respiratory health contributing to market expansion. Sleep Apnea is another critical segment that is gaining attention, especially with advancements in home therapy solutions and increased diagnosis rates.
Moreover, the 'Others' category encompasses various respiratory issues that further enrich the South Korea Medical Oxygen Concentrators Market segmentation. The integration of technological innovations and the emphasis on home healthcare are pivotal trends enhancing the overall market landscape, providing ample opportunities for development and investment in this sector. With an aging population and rising healthcare needs, the South Korea Medical Oxygen Concentrators Market continues to evolve, highlighting the importance of effective management of respiratory health within the country.
Medical Oxygen Concentrators Market End User Insights
The End User segment of the South Korea Medical Oxygen Concentrators Market is vital in driving the industry forward as it encapsulates various settings where oxygen therapy is essential. Hospitals and clinics represent a significant portion of this segment, catering to patients with acute respiratory conditions who require continuous oxygen support. Due to an increasing prevalence of chronic diseases and the aging population in South Korea, the demand for oxygen concentrators in these facilities has seen a marked rise. Homecare settings have also gained substantial traction as they provide patients with the flexibility of receiving treatment in their own environments.
This shift towards home healthcare reflects an ongoing trend of personalized medicine and patient-centered care in South Korea. Other settings encompass a variety of facilities, including rehabilitation centers and long-term care facilities, all contributing to the overall landscape of the market. The rising acceptance of medical technologies in these environments, alongside favorable government policies emphasizing improved home healthcare services, underscores the segment's importance in the South Korea Medical Oxygen Concentrators Market data.As patient awareness of respiratory health increases, opportunities abound for the further expansion of oxygen concentrator utilization across various end-user settings.
South Korea Medical Oxygen Concentrators Market Key Players and Competitive Insights
The South Korea Medical Oxygen Concentrators Market is characterized by a dynamic and competitive landscape, driven largely by the increasing prevalence of respiratory disorders and the growing demand for home healthcare solutions. Companies are focusing on innovation, technological advancements, and enhanced customer service to gain market share.
The rise in awareness about the importance of oxygen therapy, along with supportive government initiatives aimed at improving healthcare infrastructure, has further intensified competition. Players within this market are striving to build robust distribution networks, streamline production processes, and enhance product quality to meet the unique needs of healthcare providers and patients alike.Samsung Medison has established a formidable presence in the South Korea Medical Oxygen Concentrators Market through its commitment to innovation and quality.
The company's strength lies in its strong brand reputation, coupled with an extensive range of advanced medical equipment. Samsung Medison's focus on research and development enables it to stay ahead of the curve, offering products that not only meet the rigorous standards of healthcare facilities but also provide user-friendly features for patients requiring oxygen therapy.The brand’s dedicated customer service and support infrastructure also serve to enhance its market position, making it a preferred choice among healthcare professionals in South Korea.
GCE Group is another key player in the South Korea Medical Oxygen Concentrators Market, distinguished by its diverse product offerings and a strong commitment to safety and efficiency in oxygen delivery solutions. The company provides a range of oxygen concentrators designed for both clinical and home use, catering to various patient needs and preferences. GCE Group’s significant market presence is backed by its focus on quality and reliability, ensuring that its products meet high industry standards.
The company has engaged in strategic partnerships and acquisitions to bolster its local manufacturing and distribution capabilities, ensuring a steady supply of its medical oxygen concentrators. This growth strategy, combined with a strong emphasis on customer education and support, positions GCE Group as a competitive force within the South Korean healthcare sector, enabling it to respond effectively to the evolving demands of the medical oxygen market.
Key Companies in the South Korea Medical Oxygen Concentrators Market Include
South Korea Medical Oxygen Concentrators Market Industry Developments
Recent developments in the South Korea Medical Oxygen Concentrators Market have mainly focused on increased production and technology advancements due to heightened demand amid the global health crisis. Companies like Samsung Medison and Philips have been actively enhancing their product ranges to incorporate more efficient and user-friendly models. The market has experienced significant growth, with overall size increasing substantially over the last two years, particularly driven by the COVID-19 pandemic, which necessitated higher oxygen therapy usage among patients. In terms of mergers and acquisitions, there have been no publicly reported significant activities involving the stated companies in the recent months up to October 2023.
The government of South Korea has also been supportive of the healthcare industry, facilitating reforms and investments that encourage innovation and expansion in the medical sector, including oxygen concentrators. These factors are expected to further fuel market growth as healthcare providers seek reliable solutions for respiratory care. Additionally, the ongoing collaboration between local companies such as Invacare and international players like Air Products signifies a trend towards enhanced distribution networks and improved accessibility of oxygen concentrators across the region.
South Korea Medical Oxygen Concentrators Market Segmentation Insights
Medical Oxygen Concentrators Market Product Type Outlook
Medical Oxygen Concentrators Market Technology Outlook
Medical Oxygen Concentrators Market Indication Outlook
Medical Oxygen Concentrators Market End User Outlook
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 101.4(USD Million) |
| MARKET SIZE 2024 | 107.7(USD Million) |
| MARKET SIZE 2035 | 278.2(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 9.01% (2025 - 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 Million |
| KEY COMPANIES PROFILED | Samsung Medison, GCE Group, ResMed, Amgen, Linde, Philips, Systech International, NIDEK, Invacare, Drive DeVilbiss Healthcare, Teleflex, Thoratec, Air Products, OxySure |
| SEGMENTS COVERED | Product Type, Technology, Indication, End User |
| KEY MARKET OPPORTUNITIES | Aging population demand, Rising respiratory disorders, Growing home healthcare adoption, Government healthcare initiatives, Technological advancements in devices |
| KEY MARKET DYNAMICS | rising elderly population, increasing prevalence of respiratory diseases, advancements in oxygen concentrator technology, growing home healthcare market, government initiatives for healthcare access |
| COUNTRIES COVERED | South Korea |
Frequently Asked Questions (FAQ) :
The South Korea Medical Oxygen Concentrators Market is expected to be valued at 107.7 million USD in 2024.
In 2035, the market size is projected to reach 278.2 million USD.
The market is expected to grow at a CAGR of 9.01 percent from 2025 to 2035.
Portable Oxygen Concentrators and Stationary Oxygen Concentrators both hold significant market shares.
Portable Oxygen Concentrators are valued at 45.3 million USD in 2024.
The market value for Stationary Oxygen Concentrators is projected to be 162.4 million USD in 2035.
Major players include Samsung Medison, GCE Group, ResMed, Amgen, and Linde among others.
Emerging trends and increasing demand for oxygen therapy present significant growth opportunities in the market.
Both Portable and Stationary Oxygen Concentrators are expected to see substantial growth in the coming years.
Current global events continue to influence supply chains and demand dynamics within the medical oxygen concentrator market.
Leading companies partner with us for data-driven Insights.
Kindly complete the form below to receive a free sample of this Report
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
© 2025 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
