| Product Code: ETC13166550 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Oxygen Cylinders and Concentrators Market was valued at USD 3.9 Billion in 2024 and is expected to reach USD 6.1 Billion by 2031, growing at a compound annual growth rate of 7.20% during the forecast period (2025-2031).
The Global Oxygen Cylinders and Concentrators Market is experiencing significant growth due to the increasing prevalence of respiratory diseases, such as COPD and asthma, along with the rising demand for portable oxygen therapy devices. The market is segmented into portable and stationary oxygen cylinders and concentrators, with portable devices witnessing higher demand for their convenience and mobility. Key drivers include the aging population, technological advancements in oxygen delivery systems, and the impact of COVID-19 on respiratory health awareness. North America and Europe dominate the market, but the Asia-Pacific region is expected to show rapid growth due to improving healthcare infrastructure and a growing geriatric population. Key players in the market include Inogen, Philips Respironics, and Invacare Corporation, who are focusing on product innovation and strategic collaborations to maintain their market position.
The Global Oxygen Cylinders and Concentrators Market is experiencing significant growth driven by the rising prevalence of respiratory diseases, especially amid the COVID-19 pandemic. The market is witnessing a surge in demand for portable oxygen concentrators due to their convenience and mobility. Additionally, technological advancements such as the development of lightweight and energy-efficient oxygen concentrators are further fueling market expansion. Increased awareness about the importance of oxygen therapy for various medical conditions is also contributing to market growth. Opportunities in the market lie in the development of innovative products with enhanced features, expanding market penetration in emerging economies, and strategic collaborations between manufacturers and healthcare providers to improve access to oxygen therapy. Overall, the Global Oxygen Cylinders and Concentrators Market is poised for continued growth and innovation in the coming years.
One of the key challenges in the Global Oxygen Cylinders and Concentrators Market is the increasing competition among manufacturers and suppliers, leading to pricing pressures and margin erosion. Additionally, regulatory hurdles and stringent approval processes for new products can hinder market entry for smaller companies, limiting innovation and technological advancements. Supply chain disruptions, particularly during global events such as the COVID-19 pandemic, have also highlighted the need for more resilient and efficient distribution networks to meet the surging demand for oxygen-related equipment. Moreover, the lack of awareness about the benefits of oxygen therapy in certain regions and the high costs associated with these products pose challenges in expanding market penetration and accessibility, especially in developing countries with limited healthcare infrastructure.
The Global Oxygen Cylinders and Concentrators Market is primarily driven by the increasing prevalence of respiratory diseases such as COPD and asthma, which require supplemental oxygen therapy. Additionally, the aging population, growing awareness about the importance of early diagnosis and treatment of respiratory conditions, and advancements in technology leading to the development of portable and user-friendly oxygen delivery systems are driving the market growth. The COVID-19 pandemic has also significantly boosted the demand for oxygen cylinders and concentrators due to the surge in patients requiring respiratory support. Moreover, favorable government initiatives and reimbursement policies for respiratory care equipment further contribute to the market expansion. Overall, the increasing focus on improving respiratory health outcomes and enhancing patient quality of life are key drivers fueling the growth of the global oxygen cylinders and concentrators market.
Government policies related to the Global Oxygen Cylinders and Concentrators Market vary across countries, but common trends include regulatory frameworks for manufacturing, distribution, and quality standards to ensure patient safety and product efficacy. Many governments have implemented measures to increase domestic production capacity, reduce import dependencies, and streamline supply chains to meet the rising demand for oxygen-related medical devices during the COVID-19 pandemic. Additionally, some countries have imposed export restrictions or price controls to prevent hoarding and price gouging. Overall, governments are focused on ensuring accessibility, affordability, and quality of oxygen cylinders and concentrators to support healthcare systems and address public health emergencies effectively.
The Global Oxygen Cylinders and Concentrators Market is expected to witness significant growth in the coming years due to the increasing prevalence of respiratory diseases, especially in the aging population. The rising awareness about the benefits of oxygen therapy, advancements in technology leading to more efficient and portable devices, and the ongoing COVID-19 pandemic driving up the demand for oxygen support are all contributing factors to the market`s expansion. Additionally, the growing healthcare infrastructure in emerging economies and the expanding home healthcare sector are expected to further boost market growth. However, challenges related to high costs, limited access in remote areas, and regulatory hurdles may hinder the market`s growth to some extent. Overall, the market is projected to experience a steady increase in demand and innovation, presenting opportunities for key players in the industry.
In the global oxygen cylinders and concentrators market, Asia is expected to witness significant growth due to the rising prevalence of respiratory diseases and increasing healthcare infrastructure development. North America holds a prominent market share driven by the high adoption rate of advanced medical technologies and increasing geriatric population. Europe is also a key market with a focus on technological advancements in oxygen therapy devices. In the Middle East and Africa region, the market growth is attributed to the increasing awareness about respiratory diseases and improving healthcare facilities. Latin America is experiencing growth due to the increasing government initiatives for improving access to healthcare services and rising demand for portable oxygen concentrators in the region.
Global Oxygen Cylinders and Concentrators Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Oxygen Cylinders and Concentrators Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Oxygen Cylinders and Concentrators Market Revenues & Volume, 2021 & 2031F |
3.3 Global Oxygen Cylinders and Concentrators Market - Industry Life Cycle |
3.4 Global Oxygen Cylinders and Concentrators Market - Porter's Five Forces |
3.5 Global Oxygen Cylinders and Concentrators Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Oxygen Cylinders and Concentrators Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Oxygen Cylinders and Concentrators Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Global Oxygen Cylinders and Concentrators Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Oxygen Cylinders and Concentrators Market Trends |
6 Global Oxygen Cylinders and Concentrators Market, 2021 - 2031 |
6.1 Global Oxygen Cylinders and Concentrators Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Oxygen Cylinders and Concentrators Market, Revenues & Volume, By Portable, 2021 - 2031 |
6.1.3 Global Oxygen Cylinders and Concentrators Market, Revenues & Volume, By Fixed, 2021 - 2031 |
6.2 Global Oxygen Cylinders and Concentrators Market, Revenues & Volume, By End User, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Oxygen Cylinders and Concentrators Market, Revenues & Volume, By Healthcare, 2021 - 2031 |
6.2.3 Global Oxygen Cylinders and Concentrators Market, Revenues & Volume, By Pharmaceutical and Biotechnology, 2021 - 2031 |
6.2.4 Global Oxygen Cylinders and Concentrators Market, Revenues & Volume, By Manufacturing, 2021 - 2031 |
6.2.5 Global Oxygen Cylinders and Concentrators Market, Revenues & Volume, By Aerospace and Automotive, 2021 - 2031 |
6.3.1 Overview & Analysis |
7 North America Oxygen Cylinders and Concentrators Market, Overview & Analysis |
7.1 North America Oxygen Cylinders and Concentrators Market Revenues & Volume, 2021 - 2031 |
7.2 North America Oxygen Cylinders and Concentrators Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Oxygen Cylinders and Concentrators Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Oxygen Cylinders and Concentrators Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Oxygen Cylinders and Concentrators Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Oxygen Cylinders and Concentrators Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Oxygen Cylinders and Concentrators Market, Revenues & Volume, By End User, 2021 - 2031 |
8 Latin America (LATAM) Oxygen Cylinders and Concentrators Market, Overview & Analysis |
8.1 Latin America (LATAM) Oxygen Cylinders and Concentrators Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Oxygen Cylinders and Concentrators Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Oxygen Cylinders and Concentrators Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Oxygen Cylinders and Concentrators Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Oxygen Cylinders and Concentrators Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Oxygen Cylinders and Concentrators Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Oxygen Cylinders and Concentrators Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Oxygen Cylinders and Concentrators Market, Revenues & Volume, By End User, 2021 - 2031 |
9 Asia Oxygen Cylinders and Concentrators Market, Overview & Analysis |
9.1 Asia Oxygen Cylinders and Concentrators Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Oxygen Cylinders and Concentrators Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Oxygen Cylinders and Concentrators Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Oxygen Cylinders and Concentrators Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Oxygen Cylinders and Concentrators Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Oxygen Cylinders and Concentrators Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Oxygen Cylinders and Concentrators Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Oxygen Cylinders and Concentrators Market, Revenues & Volume, By End User, 2021 - 2031 |
10 Africa Oxygen Cylinders and Concentrators Market, Overview & Analysis |
10.1 Africa Oxygen Cylinders and Concentrators Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Oxygen Cylinders and Concentrators Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Oxygen Cylinders and Concentrators Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Oxygen Cylinders and Concentrators Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Oxygen Cylinders and Concentrators Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Oxygen Cylinders and Concentrators Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Oxygen Cylinders and Concentrators Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Oxygen Cylinders and Concentrators Market, Revenues & Volume, By End User, 2021 - 2031 |
11 Europe Oxygen Cylinders and Concentrators Market, Overview & Analysis |
11.1 Europe Oxygen Cylinders and Concentrators Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Oxygen Cylinders and Concentrators Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Oxygen Cylinders and Concentrators Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Oxygen Cylinders and Concentrators Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Oxygen Cylinders and Concentrators Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Oxygen Cylinders and Concentrators Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Oxygen Cylinders and Concentrators Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Oxygen Cylinders and Concentrators Market, Revenues & Volume, By End User, 2021 - 2031 |
12 Middle East Oxygen Cylinders and Concentrators Market, Overview & Analysis |
12.1 Middle East Oxygen Cylinders and Concentrators Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Oxygen Cylinders and Concentrators Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Oxygen Cylinders and Concentrators Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Oxygen Cylinders and Concentrators Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Oxygen Cylinders and Concentrators Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Oxygen Cylinders and Concentrators Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Oxygen Cylinders and Concentrators Market, Revenues & Volume, By End User, 2021 - 2031 |
13 Global Oxygen Cylinders and Concentrators Market Key Performance Indicators |
14 Global Oxygen Cylinders and Concentrators Market - Export/Import By Countries Assessment |
15 Global Oxygen Cylinders and Concentrators Market - Opportunity Assessment |
15.1 Global Oxygen Cylinders and Concentrators Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Oxygen Cylinders and Concentrators Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Oxygen Cylinders and Concentrators Market Opportunity Assessment, By End User, 2021 & 2031F |
16 Global Oxygen Cylinders and Concentrators Market - Competitive Landscape |
16.1 Global Oxygen Cylinders and Concentrators Market Revenue Share, By Companies, 2024 |
16.2 Global Oxygen Cylinders and Concentrators Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |