Portable Oxygen Concentrator Market - Forecast(2025 - 2031)
Portable Oxygen Concentrator Market Overview:
The Portable Oxygen Concentrator Market size is estimated to reach $3.1 Billion by 2031, growing at a CAGR of 5.7% during the forecast period 2025-2031. The portable oxygen concentrator market is growing due to several key factors such as rising prevalence of respiratory diseases such as COPD, asthma, and pulmonary fibrosis. Technological advancements and a stronger emphasis on home healthcare are also fueling demand. Additionally, lifestyle changes and the need for greater mobility are contributing to increased adoption of portable oxygen concentrator.
One of the major trends is focus on improving battery life enhancing user mobility and convenience. Manufacturers have focused on developing devices with extended battery durations to meet the needs of active users. For instance, the Inogen One G5, equipped with a single battery, offers up to 6.5 hours of operation on a setting of 1, while a double battery extends usage to 13 hours. Their ability to provide long-lasting power without adding excessive weight makes them ideal for portable medical devices. These advancements in battery technology have significantly enhanced the portability and user-friendliness of oxygen concentrators, giving users greater freedom and flexibility in their daily activities. Another major trend is increasing adoption of home-based oxygen therapy. Patients with chronic respiratory conditions such as chronic obstructive pulmonary disease (COPD), asthma, and pulmonary fibrosis are increasingly opting for home healthcare solutions. This shift is fueled by the convenience, cost-effectiveness, and improved quality of life that home-based care offers compared to traditional hospital settings.
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.Market Snapshot:
Portable Oxygen Concentrator Market - Report Coverage:
The “Portable Oxygen Concentrator Market Report - Forecast (2025-2031)” by IndustryARC, covers an in-depth analysis of the following segments in the Portable Oxygen Concentrator Market.
Key Takeaways:
North America leads the market
North America is a dominant force in the portable oxygen concentrator (POC) market, holding a 40% share in 2024. This leadership is driven by a high prevalence of respiratory conditions such as Chronic Obstructive Pulmonary Disease (COPD) and asthma. According to the Centers for Disease Control and Prevention (CDC), COPD affects approximately 16 million Americans as of 2023, creating a substantial and growing demand for portable oxygen therapy solutions. Additionally, the rapid aging of North America's population is a major factor in market expansion. The Population Reference Bureau (PRB) projects a 47% increase in Americans aged 65 and older, from 58 million in 2022 to 82 million by 2050. As a result, the 65+ age group’s share of the total population will rise from 17% to 23%. With age being a major risk factor for respiratory illnesses, the demand for portable oxygen concentrators is expected to surge, maintaining North America leadership in the global POC market.
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Pulse Flow Portable Oxygen Concentrators dominates the market
Pulse Flow Portable Oxygen Concentrators (POCs) rule the Portable Oxygen Concentrator market due to their portability, energy efficiency, and flexibility to accommodate active patients. The expansion of this segment is fueled by innovation in technology, increased demand for mobility, and a rising incidence of mild to moderate respiratory disease. Inogen, a leader in homecare respiratory product innovation, has introduced Inogen Rove 4 POC in the United States. The product is just 1.4 kg in weight, has a maximum battery life of up to 5 hours and 45 minutes, is loaded with advanced oxygen delivery, and is quiet at just 39 dB. Technological advancements, such as improved synchronisation, extended battery life, smart features, and light weight, have made these devices more appealing to a broader patient base. The rising prevalence of mild to moderate respiratory conditions, coupled with the growing demand for mobility and convenience, further solidifies the dominance of pulse flow POCs.
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Battery-powered Portable Oxygen Concentrators are the largest segment
Battery-powered portable oxygen concentrators lead the market in 2024. The devices allow patients suffering from respiratory conditions like COPD and asthma to be mobile without having to be connected to fixed power sources to receive their oxygen treatment. Improvements in battery life, fast-charging capabilities, and smaller sizes also improved their use, making it a convenient option to use during trips or in homes. Compared to plug-in devices, battery-operated concentrators provide a continued supply of oxygen even during power outages, ensuring uninterrupted treatment. Manufacturers are also developing hybrid solar-powered models to extend battery life and reduce reliance on electricity to meet growing demand. As regulatory support for home-based therapy increases and sustainability efforts drive innovation, the dominance of these portable oxygen concentrators is set to expand even further in the future.
Rising Prevalence of Respiratory Diseases Drives the Market
The increasing prevalence of respiratory diseases such as chronic obstructive pulmonary disease (COPD), asthma, and pulmonary fibrosis is a primary driver of the portable oxygen concentrator (POC) market. In a WHO release in November of 2024, it was estimated that COPD was responsible for approximately 3.5 million deaths worldwide, making it a mortality leader. In addition, asthma is found in more than 300 million patients across the world, cases of which are on the rise due to air pollution and climate change. Pulmonary fibrosis, though not as common, is a progressive disease that severely impairs lung function, rendering patients in need of constant oxygen treatment. The higher prevalence of such chronic disease has created demand for advanced oxygen treatment methods, of which a primary one is portable oxygen concentrators. With advances in technology continuing to take place, POCs are becoming smaller, more efficient, and easy to use, enabling patients to be more mobile, independent, and healthy in their condition.
Key Market Players:
The top 10 companies in this industry are listed below:
1. Koninklijke Philips N.V.
2. Inogen, Inc.
3. Drive DeVibiss International
4. Precision Medical, Inc.
5. GCE
6. Nidek Medical Products, Inc.
7. O2 Concepts, LLC.
8. Linde
9. CAIRE Inc.
10. OxyGo LLC
Scope of the Report:
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