2025-10-31
The medical oxygen concentrator market is an emerging blue ocean worth hundreds of billions. In 2024, the global market size of medical indoor oxygen concentrators reached 17.37 billion yuan, and it is expected to rise to 23.46 billion yuan by 2031, with a compound annual growth rate (CAGR) of 4.4%.
Growth is driven by the global aging population, the increasing prevalence of chronic respiratory diseases, and the improvement of medical infrastructure in emerging markets. Regionally, North America and Europe dominate the market, while emerging markets such as Asia-Pacific and Latin America have become new growth engines.
The trend of home-based healthcare has boosted the popularity of portable and intelligent products, and hospitals' demand for fixed equipment also continues to rise.