Oxygen Therapy Devices Market Outlook 2025–2035: Growth Trends, Segment Insights, and Competitive Landscape
It was estimated that the Oxygen Therapy Devices market was worth USD 5.2 Billion in 2024 and it is expected to reach USD 14.25 Billion by the year 2035, growing at a rate of 9.6% every year from 2025 to 2035. When patients have asthma, pneumonia, COPD or COVID-related issues, oxygen therapy devices are used to provide them with needed oxygen. These medical devices are very important in hospitals, urgent care centers, at home and ambulatory services, as there is a rising demand for respirator support for many patients.
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Market Identification
Devices for giving oxygen therapy include oxygen concentrators, compressed gas systems, liquid oxygen systems and accessories to deliver oxygen. The main goal in this market is to ensure an adequate and easily portable supply of oxygen for patients with more respiratory issues and lung diseases. As populations age and healthcare improves, many companies are offering at-home treatments. Since more people around the world arerelying on telehealth and homecare, the need for easy-to-use, efficient and small oxygen systems keeps increasing.
Key Market Drivers
The increase in chronic respiratory diseases is causing a strong rise in the market. COPD is described by the World Health Organization as the third principal cause of deaths globally, with 3.23 million people dying from this condition in 2019. Given the lasting trend in respiratory diseases, more and more hospitals and homes are using oxygen therapy equipment.Rising demand for these systems for both at-home and portable use is also a reason. Because many medical services are now offered at home, particularly for the elderly and those affected by COVID-19, oxygen concentrators and portable oxygen cylinders are being used more often. The trend is being driven by greater spending on health by governments and higher payment rates for medical services in developed countries.
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Analysis of Oxygen Concentrators
Due to their lightweight, cost-efficiency and easy use, there is currently significant growth in the market for oxygen concentrators. Since they gather oxygen from the room air, they can be used in both homes and during travel. Oxygen concentrators that are simpler to take along and use are now being manufactured by companies to encourage patients to stick with the treatment.
COPD Application Segments
The application sector for COPD is the biggest because of the high number of people around the world affected by COPD and requiring oxygen therapy over a long period. A rise in both diagnoses and people’s understanding of these diseases has helped the segment’s expansion in urban areas. It is expected that as more cases of COPD are caused by lifestyle, the use of oxygen therapy will increase.
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North America Oxygen Therapy Devices Market
Rising aging, a multi-specialized healthcare system and a high rate of breathing problems have put North America in the lead for oxygen therapy devices. In the U.S., Medicare and private insurers are contributing to the rise in patients using home-based oxygen therapy. Because of these two factors, the market is experiencing significant expansion in Asia Pacific.
Competitive Landscape
Two main companies in this sector are Philips Healthcare and ResMed Inc., along with Drive DeVilbiss Healthcare, Invacare Corporation and Chart Industries Inc. . They rely on new technologies, mergers and entering homecare areas to keep being competitive. Important strategies include designing devices that patients can wear, adding digital monitoring and reaching out to telehealth companies.
