Global oxygen concentrators market to reach $1.71b by 2030

By end users, the home care setting segment held the largest market share in 2024.

The global oxygen concentrators market is expected to reach $1.71b by 2030 at a compound annual growth rate of 6.1%, said MarketsandMarkets.

“Air pollution and smoking drive up demand for oxygen concentrators due to their role in worsening respiratory diseases like COPD and asthma, especially in urban and industrial areas,” the report said.

By end users, the home care setting segment held the largest market share in 2024.

“Managing oxygen therapy at home is much more cost-effective than extended hospital stays, especially in countries with high hospitalisation costs,” it added.

By type, the portable oxygen concentrator segment accounted for the largest market share in the same period.