The global oxygen therapy equipment market is witnessing substantial growth, fueled by the rising prevalence of respiratory disorders, increasing use in critical care settings, and rapid technological advancements. The growing incidence of chronic lung diseases such as COPD and asthma has heightened the demand for continuous oxygen support in hospitals and home care environments. In critical care, oxygen devices are essential for managing patients with severe respiratory or cardiac conditions. Meanwhile, innovations like AI-enabled concentrators, real-time monitoring systems, and compact portable designs are enhancing treatment precision and patient convenience. Collectively, these factors are driving adoption and sustaining market growth.
DelveInsight’s Oxygen Therapy Equipment Market Insights report offers a detailed view of the current and forecasted market landscape, market shares of leading oxygen therapy equipment companies, key drivers, challenges, barriers, trends, and major players.
Oxygen Therapy Equipment Market Summary
- The global oxygen therapy equipment market is projected to grow from approximately USD 3 billion in 2024 to USD 6 billion by 2032, reflecting steady expansion.
- The market is expected to grow at a CAGR of ~8% between 2025 and 2032.
- Leading companies include Koninklijke Philips N.V., Invacare Corporation, Inogen, Inc., Drägerwerk AG & Co. KgaA, ICU Medical, Inc., CAIRE Inc., Fisher & Paykel Healthcare Limited, Armstrong Medical, Vyaire Medical, Inc., Hamilton Medical, Shenzhen Comen Medical Instruments Co., Ltd., BMC Medical Co., Ltd., Allied Medical Limited, Teleflex Incorporated, HERSILL, Chart Industries, Inc., DeVilbiss Healthcare LLC, GCE Group, Oxygen Solutions Inc., Besco Medical Limited, and others.
- North America is expected to exhibit the fastest growth during the forecast period.
- Within product types, system catheters held the largest share in 2024.
For more insights into the oxygen therapy equipment market, see the key highlights in the Global Oxygen Therapy Equipment Market Forecast Report .
Key Drivers of Growth in the Oxygen Therapy Equipment Market
Rising Incidence of Respiratory Disorders
The increasing prevalence of respiratory conditions like COPD, asthma, sleep apnea, and pneumonia is a major growth driver. COPD is recognized by the WHO as a leading cause of morbidity and mortality, especially among older adults and populations exposed to air pollution. The growing burden of hypoxemia and respiratory insufficiency is driving demand for oxygen concentrators, cylinders, and portable oxygen systems. Lifestyle factors, including smoking and exposure to industrial pollutants, further amplify respiratory health concerns, expanding the need for oxygen therapy in hospitals and home care.
Critical Care Applications
Oxygen therapy equipment is vital in critical care, where maintaining optimal oxygen levels is crucial for patient survival. Hospitals and ICUs increasingly rely on advanced oxygen delivery systems for patients with severe respiratory distress, post-surgical complications, or cardiac issues. Innovations in monitoring and oxygen flow technology allow clinicians to administer precise oxygen levels, improving outcomes and patient safety. The growing demand for advanced respiratory support in critical care is boosting market growth.
Technological Advancements
Rapid innovation is enhancing the efficiency, portability, and comfort of oxygen therapy equipment. Modern oxygen concentrators feature compact designs, longer battery life, automated oxygen flow control, and smart connectivity for remote monitoring. Integration of AI and IoT enables real-time tracking of oxygen consumption and patient health data, improving adherence and outcomes. Manufacturers are also focusing on lightweight designs, noise reduction, and user-friendly interfaces, especially for home care applications. These advancements are expanding adoption and supporting sustained market growth.
Explore the market dynamics @ Oxygen Therapy Equipment Market Trends
Regional Insights
North America
Led by the United States, North America accounted for nearly 42% of the global market share in 2024. The region’s dominance is driven by the high prevalence of chronic respiratory conditions, with over 35.5 million Americans affected by asthma and COPD. Technological innovations like AI-enabled concentrators, real-time monitoring, and portable devices are enhancing patient care, compliance, and treatment efficiency.
Europe
Growth is fueled by the rising incidence of chronic illnesses such as cancer and cardiovascular diseases, which often require oxygen therapy. Increasing chemotherapy procedures and pediatric applications further support market expansion.
Asia-Pacific
The region is projected to grow at a CAGR of 9.27% between 2025 and 2032, driven by increasing prevalence of COPD, asthma, and other respiratory disorders, alongside an aging population. India, China, and Japan are key emerging markets, with India expected to experience the fastest growth.
For insights on why North America leads the market, see Oxygen Therapy Equipment Market Share
Recent Developments in Oxygen Therapy Equipment
- June 2025: Inogen, Inc. launched Voxi 5, a new stationary oxygen concentrator for long-term home care in the U.S.
- June 2025: VARON introduced a platform targeting the Mexican home oxygen therapy market.
- January 2025: Caire launched its IntenOxy 5 stationary oxygen concentrator in the U.S. and Puerto Rico, with plans to expand to Canada.
What is Oxygen Therapy Equipment?
Oxygen therapy equipment delivers supplemental oxygen to patients with low blood oxygen levels. Devices include oxygen concentrators, cylinders, liquid oxygen systems, and accessories such as masks, nasal cannulas, and regulators. Technological advancements have enabled portable concentrators, allowing patients to maintain mobility and independence while managing conditions like COPD, asthma, and COVID-19-related respiratory distress in hospitals, clinics, and home care settings.
Oxygen Therapy Equipment Market Assessment
Market Segmentation
- By Product Type: Systems (HFNO Devices, Oxygen Concentrators, Ventilators, Others) and Disposables & Accessories (Oxygen Masks, Nasal Cannulas, Resuscitator Bags, Others)
- By Portability: Stationary, Portable
- By Application: COPD, Asthma, Respiratory Distress Syndrome, Others
- By End-User: Hospitals & Clinics, Ambulatory Surgical Centers, Home Care, Others
- By Geography: North America, Europe, Asia-Pacific, Rest of the World
Includes Porter’s Five Forces Analysis, Product Profiles, Case Studies, KOL insights, and Analyst perspectives.
Explore the emerging MedTech trendsetters in the oxygen therapy equipment market @ Oxygen Therapy Equipment Market Analysis
About DelveInsight
DelveInsight is a leading healthcare-focused market research and consulting firm that provides clients with high-quality market intelligence and analysis to support informed business decisions.
