Oxygen Therapy Device Market Size

ID: MRFR/MED/2147-HCR

80 Pages

Rahul Gotadki

October 2025

Oxygen Therapy Device Market Research Report By Type (Oxygen Concentrators, Liquid Oxygen Systems, Oxygen Cylinders, Portable Oxygen Devices, Oxygen Accessories), By Application (Chronic Obstructive Pulmonary Disease, Asthma, Respiratory Distress Syndrome, Sleep Apnea, Cystic Fibrosis), By End Use (Hospitals, Home Care Settings, Emergency Medical Services, Long-term Care Facilities), By Technol...

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Oxygen Therapy Device Size

Oxygen Therapy Device Market Growth Projections and Opportunities

Worldwide lung diseases have a big impact on the market for oxygen treatment equipment. More and more people are getting lung diseases like asthma and chronic obstructive pulmonary disease (COPD). This means that more and more oxygen therapy equipment is needed. This is what makes the market grow so that people with lung diseases can get what they need. How many people end up in the hospital with lung illnesses affects the need for oxygen treatment devices. As hospitals and other healthcare facilities use different oxygen treatment devices to help patients, the market reacts to the demand that comes from inpatient settings, which changes the way the market works.

People with long-term lung problems prefer oxygen treatment that they can do at home. This has led to the creation of movable, easy-to-use machines that meet the needs of home healthcare, which changes market preferences.

Campaigns and projects that raise knowledge about lung health are very important in creating the oxygen therapy products market. Educating people about how important early prevention and oxygen therapy are leads to more people using them, which changes market trends.

As telehealth and online tracking become more popular, they change how oxygen treatment devices are prescribed and supervised. By changing the market, online healthcare services make it easier for people to get oxygen treatment, especially those who live in places that are hard to reach or don't have enough providers.

An important market factor is the level of education and training given to patients on how to use oxygen treatment devices correctly. Educating people about how the device works, how to keep it in good shape, and how to keep it safe helps to make these devices more popular and acceptable.

Medical technology companies, study schools, and healthcare organizations work together to make new oxygen treatment tools. Taking part in clinical studies and study partnerships makes it easier to make new devices, which leads to market changes.

The fact that there are companies that make oxygen treatment tools makes the market more competitive. Companies place themselves in the oxygen therapy equipment market based on things like how well their devices work, how reliable they are, and how much of the market they have.

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 projected growth of the Oxygen Therapy Device market?

The Oxygen Therapy Device market is the expected increase in total market value of 5.01 USD billion over a defined forecast period 2025–2035. It is driven by factors such as demand trends, technological advances, regulatory changes, and geographic expansion.

What is the size of the Oxygen Therapy Device market?

Oxygen Therapy Device market size was valued at approximately 2.42 billion USD in 2024. This figure will reach 5.01 billion USD covering all regions (America, Europe, Asia, MEA and ROW), focusing its segments / services / distribution channels till 2035.

What is the CAGR of the Oxygen Therapy Device market?

Oxygen Therapy Device market is expected to grow at a CAGR of 6.82% between 2025 and 2035.

How much will the Oxygen Therapy Device market be worth by 2035?

Oxygen Therapy Device market is expected to be worth of 5.01 billion USD, reflecting growth driven by usage, technology and global demands by the end of 2035.

How will the Oxygen Therapy Device market perform over the next 10 years?

Over the next 10 years the Oxygen Therapy Device market is expected to shift from usd billion 2.42 to 5.01 billion USD, led by adoption of advanced tech, demographic trends, regulatory approvals, with potential headwinds from 2025 to 2035.

What is the projected market size for the Oxygen Therapy Device Market by 2035?

By 2035, the Oxygen Therapy Device Market is projected to reach 5.0 billion USD.

Which region is expected to hold the largest market share in the Oxygen Therapy Device Market by 2035?

North America is expected to hold the largest market share, valued at 1.85 billion USD by 2035.

What is the market size of Oxygen Concentrators in 2024 and 2035?

Oxygen Concentrators are valued at 1.3 billion USD in 2024 and expected to reach 2.0 billion USD by 2035.

Who are the major players in the Oxygen Therapy Device Market?

Key players include Invacare, O2 Concepts, Breas Medical, Fisher & Paykel Healthcare, and Medtronic, among others.

What is the market value of Liquid Oxygen Systems in 2024 and 2035?

The market value for Liquid Oxygen Systems is expected to be 0.75 billion USD in 2024 and 1.2 billion USD 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 Market Research Future Analysis, the Oxygen Therapy Device Market was valued at 2.42 USD Billion in 2024 and is projected to grow to 5.01 USD Billion by 2035, with a CAGR of 6.82% from 2025 to 2035. The market is driven by the rising incidence of respiratory diseases, an aging population, and technological advancements in oxygen delivery systems.

Key Market Trends & Highlights

The Global Oxygen Therapy Device Market is experiencing significant trends that are reshaping its landscape.

The market is expected to reach 3.27 USD Billion in 2024, driven by increasing respiratory conditions.
Oxygen Concentrators are projected to dominate the market with a valuation of 1.25 USD Billion in 2024.
The aging population is expected to reach 2 billion by 2050, increasing the demand for oxygen therapy.
Technological advancements are enhancing device efficiency, with Continuous Flow and Pulse Dose Technologies gaining traction.

Oxygen Therapy Device Market

CAGR

6.82%

Market Size & Forecast

2024 Market Size	USD 2.42 Billion
2035 Market Size	USD 5.01 Billion
CAGR (2025-2035)	6.82%
Largest Regional Market Share in 2024	North America.

Major Players

Key players include AirSep Corporation, Fisher and Paykel Healthcare, Invacare, OxyGo, GCE Group, NIDEK, ResMed, Philips, DeVilbiss Healthcare, Vyaire Medical, Breas Medical, Medtronic, Becton Dickinson, Apex Medical, and Smiths Medical.

Market Trends

The Oxygen Therapy Device Market is witnessing significant trends influenced by various factors. An increasing prevalence of respiratory diseases, such as chronic obstructive pulmonary disease (COPD) and asthma, is a major market driver. This growing incidence is largely attributed to factors like pollution, smoking, and aging populations, particularly in urban areas across various countries. As public awareness about respiratory health improves, demand for oxygen therapy devices continues to rise, leading to a surge in product innovation and technology advancements.

Opportunities in the market are abundant, particularly with the rise of home healthcare and increasing acceptance of home-based oxygen therapy.Telemedicine and remote monitoring have come a long way, and now healthcare providers can better manage patient care while allowing people to live better lives at home. It's also important to make oxygen systems that are portable and light, so that patients who want to be able to move around and be independent can use them. Manufacturers should think about working with tech companies to add connectivity features to their devices that will make them more useful.

Recent trends show that more and more people are using digital solutions that work with oxygen therapy devices. This includes mobile apps that help keep track of how often patients use them and plan their therapy sessions.

Additionally, awareness campaigns initiated by health authorities and organizations emphasize the importance of early diagnosis and preventive care for respiratory conditions. This drives growth in the market as patients become more proactive in seeking treatment options. Overall, the Oxygen Therapy Device Market is evolving rapidly, propelled by a combination of rising health awareness, technological advancements, and shifts in healthcare delivery models.

Oxygen Therapy Device Market Market Drivers

Rising Prevalence of Respiratory Disorders

The Global Oxygen Therapy Device Market Industry is experiencing growth due to the increasing prevalence of respiratory disorders such as chronic obstructive pulmonary disease and asthma. According to health statistics, respiratory diseases are among the leading causes of morbidity and mortality worldwide. This trend is likely to drive the demand for oxygen therapy devices, as patients require supplemental oxygen to manage their conditions effectively. The market is projected to reach 3.27 USD Billion in 2024, indicating a robust need for innovative therapeutic solutions. As awareness of respiratory health continues to rise, the Global Oxygen Therapy Device Market Industry is expected to expand significantly.

Regulatory Support and Reimbursement Policies

Regulatory support and favorable reimbursement policies are crucial factors propelling the Global Oxygen Therapy Device Market Industry. Governments and health authorities are implementing regulations that facilitate the approval and distribution of oxygen therapy devices, ensuring they meet safety and efficacy standards. Additionally, reimbursement policies that cover the costs of these devices encourage healthcare providers to prescribe them more frequently. This supportive regulatory environment is likely to enhance patient access to oxygen therapy, thereby driving market growth. As the industry evolves, continued regulatory support will be essential for sustaining the momentum of the Global Oxygen Therapy Device Market.

Technological Advancements in Oxygen Therapy Devices

Technological innovations play a pivotal role in the Global Oxygen Therapy Device Market Industry. The introduction of portable oxygen concentrators and advanced delivery systems enhances patient mobility and comfort. These devices are designed to provide precise oxygen delivery, improving patient outcomes. Moreover, advancements in telemedicine and remote monitoring technologies allow healthcare providers to track patient progress in real-time. This integration of technology not only enhances the efficacy of oxygen therapy but also contributes to the overall growth of the market, which is anticipated to reach 5 USD Billion by 2035. The ongoing development of user-friendly devices is likely to attract a broader patient demographic.

Aging Population and Increased Healthcare Expenditure

The aging population is a significant driver of the Global Oxygen Therapy Device Market Industry. As individuals age, the likelihood of developing respiratory conditions increases, leading to a higher demand for oxygen therapy. Additionally, rising healthcare expenditure globally facilitates access to advanced medical technologies, including oxygen therapy devices. Governments and healthcare systems are investing in better healthcare infrastructure, which supports the adoption of these devices. The market is expected to grow at a CAGR of 3.94% from 2025 to 2035, reflecting the increasing need for effective respiratory care solutions among the elderly population.

Growing Awareness and Education on Respiratory Health

Increased awareness and education regarding respiratory health significantly influence the Global Oxygen Therapy Device Market Industry. Public health campaigns and educational initiatives are fostering a better understanding of respiratory diseases and the importance of oxygen therapy. This heightened awareness encourages individuals to seek medical advice and treatment, thereby driving demand for oxygen therapy devices. Healthcare professionals are also emphasizing the role of oxygen therapy in managing chronic respiratory conditions, which further supports market growth. As awareness continues to expand, the Global Oxygen Therapy Device Market Industry is poised for substantial development in the coming years.

Market Segment Insights

Oxygen Therapy Device Market Type Insights

The Oxygen Therapy Device Market is experiencing steady growth and segmentation based on various types, which include Oxygen Concentrators, Liquid Oxygen Systems, Oxygen Cylinders, Portable Oxygen Devices, and Oxygen Accessories. In 2024, the market is projected to reach a valuation of 3.27 USD billion, with Oxygen Concentrators being the most significant segment, valued at 1.3 USD Billion, thus holding a majority share in the market. By 2035, the overall market is expected to grow to 5.0 USD billion, reflecting a broader trend towards home-based and portable oxygen support systems.

The Oxygen Concentrators segment is particularly important due to its efficiency and ease of use, catering to a large number of patients with chronic respiratory conditions. Following this, Liquid Oxygen Systems, valued at 0.75 USD billion in 2024 and projected to grow to 1.2 USD billion by 2035, are also gaining traction, providing a compact option for patients needing oxygen therapy.

On the other hand, the Oxygen Cylinders segment is valued at 0.65 USD Billion in 2024, showing steady demand, especially in emergency medical situations, which remains essential for hospitals and rescue services. The market for Portable Oxygen Devices, valued at 0.4 USD Billion in 2024, is gaining popularity among patients requiring mobility, indicating a growing trend towards portable solutions for oxygen delivery. These devices are particularly significant as they enable greater mobility for patients, allowing them to maintain a more active lifestyle while receiving necessary therapy.

Lastly, the Oxygen Accessories segment, though smaller with a valuation of 0.17 USD Billion in 2024, plays a crucial role in the overall support ecosystem for oxygen therapy, including tubing, masks, and regulators, and is projected to see growth to 0.2 USD Billion by 2035. This segmented analysis of the Oxygen Therapy Device Market illustrates a comprehensive understanding of its various components, reflecting ongoing trends and the importance of offering diverse options for patients in need of oxygen therapy, while facilitating a clearer picture of market dynamics and potential for future developments.

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

Oxygen Therapy Device Market Application Insights

The Oxygen Therapy Device Market focuses significantly on various applications, with Chronic Obstructive Pulmonary Disease, Asthma, Respiratory Distress Syndrome, Sleep Apnea, and Cystic Fibrosis being crucial areas. Among these, Chronic Obstructive Pulmonary Disease (COPD) is a leading factor, as it contributes to numerous hospital admissions worldwide, thus driving the demand for oxygen therapy devices. Asthma is another prevalent condition, impacting millions globally, which has furthered the need for effective oxygen therapy solutions.Respiratory Distress Syndrome, particularly in neonatal cases, continues to raise awareness and augment device usage within hospital settings.

Similarly, Sleep Apnea has gained prominence as more individuals seek treatments for disrupted sleep patterns, contributing to the market's growth. Cystic Fibrosis patients heavily rely on oxygen therapy devices, with advancements in technology enhancing their quality of life. Collectively, these applications shape the Oxygen Therapy Device Market segmentation, demonstrating the diversified needs and compelling reasons for market growth driven by critical respiratory health challenges.

Oxygen Therapy Device Market End Use Insights

The Oxygen Therapy Device Market has showcased substantial growth, projected to reach a valuation of 3.27 USD billion by 2024. Within the realm of End Use, the market is characterized by diverse applications in various settings. Hospitals represent a key sector, driven by the rising prevalence of respiratory disorders and the need for emergency interventions. Home Care Settings have also gained prominence, as patients prefer receiving treatment in a familiar environment, leading to increased demand for portable devices.

Emergency Medical Services are critical, catering to urgent requirements for oxygen supply during crises, ensuring quick response and patient stabilization.Long-term Care Facilities have seen a significant increase in oxygen therapy usage, addressing chronic conditions among the aging population. This growing interest highlights the importance of oxygen therapy devices in enhancing patient outcomes across multiple environments, ultimately contributing to the overall market growth and shaped by factors such as technological advancements and evolving healthcare policies.

The segmentation of the Oxygen Therapy Device Market provides insight into its revenue potential, helping stakeholders to explore opportunities for innovation and expanded services in this essential healthcare field.

Oxygen Therapy Device Market Technology Insights

The Oxygen Therapy Device Market is a rapidly evolving segment within the healthcare industry, projected to reach a valuation of 3.27 billion USD in 2024, with a robust expected growth trajectory. The Technology aspect encompasses various methodologies, notably Continuous Flow Technology, Pulse Dose Technology, and Hybrid Oxygen Therapy. Continuous Flow Technology provides a consistent supply of oxygen, making it essential for patients requiring long-term treatment and enabling improved mobility and quality of life.

Conversely, Pulse Dose Technology offers more efficiency by delivering oxygen in bursts, which is particularly beneficial for patients with periodic respiratory needs.Hybrid Oxygen Therapy combines the advantages of both continuous and pulse modes, thereby addressing a broader range of patient requirements. It is significant in real-world applications as it enhances patient comfort and compliance. Driving factors for market growth include the rising prevalence of respiratory diseases and an increasing aging population, while challenges such as high costs and equipment maintenance may impact accessibility.

Overall, the Oxygen Therapy Device Market continues to expand, supported by advancements in technology and a clear need for improved therapeutic solutions.

Get more detailed insights about Oxygen Therapy Device Market Research Report- Forecast To 2035

Regional Insights

The Regional analysis of the Oxygen Therapy Device Market reveals significant insights across various areas. In 2024, North America is projected to hold a majority share with a valuation of 1.25 USD Billion, growing to 1.85 USD billion by 2035, demonstrating its prominence due to advanced healthcare infrastructure and rising chronic respiratory diseases.

Europe follows, valued at 0.85 USD billion in 2024, indicating a robust market fueled by an increasing aging population and health awareness, and is expected to reach 1.25 USD billion by 2035.The Asia Pacific region, with a valuation of 0.7 USD Billion in 2024, is critical as it reveals significant growth potential, anticipated to expand to 1.0 USD billion in 2035 due to rising air pollution and deteriorating health conditions. South America, valued at 0.3 USD Billion in 2024, indicates a developing market that is expected to improve to 0.5 USD billion by 2035, driven by expanding healthcare access.

The Middle East and Africa stand as the smallest segment, with a market value of 0.17 USD billion in 2024, which may rise to 0.4 USD billion by 2035, generating opportunities due to increasing healthcare investments and awareness.Overall, the segmentation of the Oxygen Therapy Device Market reveals diverse factors fueling growth and outlining the importance of regional trends in addressing respiratory health.

Oxygen Therapy Device Market Regional Insights

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

Key Players and Competitive Insights

The Oxygen Therapy Device Market has been experiencing a notable transformation driven by advancements in technology, increasing prevalence of respiratory diseases, and a growing geriatric population. The competitive landscape of this market is characterized by the presence of various key players who are focused on innovating and expanding their product lines to meet the evolving needs of patients and healthcare providers. Companies invest substantially in research and development to create advanced devices that enhance patient comfort, improve efficiency, and offer greater portability.

As a result, the market has become increasingly segmented, with players exploring niche markets such as home care and portable oxygen solutions to capture a larger share. The dynamics of this market are influenced by factors such as regulatory approvals, reimbursement policies, and strategic partnerships that help in expanding geographical presence. Invacare has established itself as a leading entity within the Oxygen Therapy Device Market due to its extensive product portfolio and robust market presence. The company's strengths lie in its strong brand recognition and commitment to delivering high-quality oxygen therapy solutions for home healthcare settings.

Invacare offers a range of oxygen products, including stationary and portable concentrators, which are widely accepted by healthcare providers and patients alike. The company has a broad distribution network, enabling it to cater to diverse markets across the globe. Its focus on user-friendly designs and technological innovations helps increase patient adherence and satisfaction, contributing to its competitive edge in the market.

Invacare's consistent investment in enhancing its product features, such as noise reduction and portability, further solidifies its position as a leader in the oxygen therapy segment.O2 Concepts is another prominent player in the Oxygen Therapy Device Market, recognized for its advancements in portable oxygen solutions. The company specializes in manufacturing lightweight and user-friendly oxygen concentrators that have garnered considerable attention from both patients and healthcare professionals. O2 Concepts prioritizes innovation, resulting in products designed to provide an optimal balance of mobility and therapeutic effectiveness.

The company has developed a range of portable devices that cater to the needs of an active lifestyle, which distinguishes it within the marketplace. In recent years, O2 Concepts has expanded its market presence through strategic partnerships and collaborative initiatives, enhancing its reach and distribution capabilities. The company is committed to improving healthcare outcomes and fostering patient independence by offering superior oxygen therapy options. O2 Concepts continues to focus on growth strategies, including mergers and acquisitions, to further solidify its market footprint and adapt to the changing demands of the global healthcare ecosystem.

Key Companies in the Oxygen Therapy Device Market market include

Industry Developments

Recent changes in the Oxygen Therapy Device Market have shown that things are getting better because more people need respiratory care devices because of chronic diseases and an aging population. Philips talked about improvements in its home oxygen concentrator line in September 2023, focusing on how easy they are to move and how well patients follow the rules. ResMed also had a good third quarter in 2023, saying that its growing respiratory care portfolio was responsible for the growth.

As of August 2023, Inogen, a major player in portable oxygen concentrators, continued to gain market share with new products aimed at patients who can walk.

There hasn't been an official announcement of an acquisition yet, but rumors of closer cooperation between companies like Breas Medical and Nidek Medical Products have made the competitive landscape more interesting. In July 2023, Masimo showed off improvements to its respiratory monitoring technologies, which made them work better with oxygen delivery systems.

The market has also benefited from changing rules, especially in the U.S. and Europe, which have made it easier for new oxygen delivery devices to get approved faster. These changes show that the market is moving toward more personalized, home-based oxygen therapy, which will lead to more growth in the future.

Future Outlook

Oxygen Therapy Device Market Future Outlook

The Global Oxygen Therapy Device Market is projected to grow at a 3.94% CAGR from 2024 to 2034, driven by technological advancements, increasing prevalence of respiratory diseases, and rising geriatric population.

New opportunities lie in:

Develop portable oxygen concentrators to enhance patient mobility and independence.
Invest in telehealth integration for remote monitoring of oxygen therapy.
Explore partnerships with healthcare providers to streamline oxygen delivery systems.

By 2035, the market is expected to exhibit robust growth, reflecting advancements and increased demand for oxygen therapy solutions.

Market Segmentation

Oxygen Therapy Device Market Type Outlook

Oxygen Concentrators
Liquid Oxygen Systems
Oxygen Cylinders
Portable Oxygen Devices
Oxygen Accessories

Oxygen Therapy Device Market End Use Outlook

Hospitals
Home Care Settings
Emergency Medical Services
Long-term Care Facilities

Oxygen Therapy Device Market Technology Outlook

Continuous Flow Technology
Pulse Dose Technology
Hybrid Oxygen Therapy

Oxygen Therapy Device Market Application Outlook

Chronic Obstructive Pulmonary Disease
Asthma
Respiratory Distress Syndrome
Sleep Apnea
Cystic Fibrosis

Report Scope

Report Attribute/Metric	Details
Market Size 2024	3.27 (USD Billion)
Market Size 2035	5.01 (USD Billion)
Compound Annual Growth Rate (CAGR)	6.82% (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 Billion
Key Companies Profiled	Invacare, O2 Concepts, Breas Medical, Fisher & Paykel Healthcare, DeVilbiss Healthcare, Drive Medical, Getinge, Medtronic, Philips, GCE Healthcare, AirSep, Nidek Medical Products, Inogen, ResMed
Segments Covered	Type, Application, End Use, Technology, Regional
Key Market Opportunities	Aging population driving demand, Technological advancements in devices, Increasing prevalence of respiratory disorders, Growing home healthcare market, Rising awareness of oxygen therapies.
Key Market Dynamics	rising prevalence of respiratory diseases, increasing geriatric population, technological advancements in devices, growing awareness and adoption, expanding home healthcare market
Countries Covered	North America, Europe, APAC, South America, MEA
Market Size 2025	2.59 (USD Billion)