Oxygen Cylinders and Concentrators Market Size Worth USD 7.69 Bn by 2034
According to Precedence Research, the global oxygen cylinders and concentrators market size will grow from USD 5.13 billion in 2025 to nearly USD 7.69 billion by 2034, with an expected CAGR of 4.61% from 2025 to 2034. North America held the largest share in 2024, while Asia Pacific is expected to be the fastest-growing region between 2025 and 2034.
Ottawa, Nov. 25, 2025 (GLOBE NEWSWIRE) -- The global oxygen cylinders and concentrators market size is expected to be worth over USD 7.69 billion by 2034, increasing from USD 5.37 billion in 2026, growing at a strong CAGR of 4.61% between 2025 and 2034. The rise in home healthcare, growing respiratory illness, and the geriatric population drive the market growth.
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Oxygen Cylinders and Concentrators Market Highlights:
- North America dominated the oxygen cylinders and concentrators market in 2024, securing the largest regional share.
- Asia Pacific is projected to record the highest growth throughout the forecast period.
- The fixed type segment accounted for around 65% market share in 2024.
- The portable type segment is forecast to witness the fastest growth rate from 2025 to 2034.
- The healthcare sector emerged as the leading end-use segment in 2024.
- The manufacturing industry is anticipated to expand rapidly during the forecast period.
What are Oxygen Cylinders and Concentrators?
Oxygen cylinders and concentrators market growth is driven by, rise in the geriatric population, the development of portable oxygen concentrators, a shift towards home care, high investment in oxygen delivery systems, and growth in respiratory diseases.
Oxygen cylinders are metal tanks that contain a defined amount of medical-grade & compressed oxygen, whereas oxygen concentrators are an electrical device that offers an infinite supply of oxygen. Oxygen cylinders offer features like portability, finite supply, & no need for electricity, whereas concentrators offer features like lightweight, continuous oxygen supply, and need a wall outlet.
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What are the Regulations for the Oxygen Cylinders and Concentrators?
| Country | Regulatory Bodies | Oxygen Cylinder Regulations | Oxygen Concentrators Regulations |
| India |
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| China |
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| United States |
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| Germany |
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What are the Major Sustainability Trends for Oxygen Cylinders and Concentrators?
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Energy-Efficient Concentrators
Modern oxygen concentrators are being engineered to consume less power while maintaining high performance. This reduces environmental impact and lowers electricity costs for users, especially in homecare settings.
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Use of Recyclable and Lightweight Materials
Manufacturers are increasingly using recyclable plastics and lightweight metals to construct cylinders and concentrators. This not only supports recycling efforts but also cuts down on carbon emissions during transportation and handling.
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Refurbishment and Extended Product Lifecycles
Refurbishing and reusing oxygen devices extends their lifespan, reducing the need for new manufacturing. This helps minimize medical waste and supports a circular economy within the healthcare equipment sector.
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Eco-Friendly Manufacturing Practices
Companies are adopting sustainable manufacturing approaches, such as energy-efficient machinery and reduced chemical usage. These practices lower the overall environmental footprint of producing oxygen therapy devices.
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Smart Technology for Oxygen Optimization
New devices use sensors and algorithms to deliver oxygen only when needed, reducing unnecessary usage. This leads to more efficient resource consumption and supports sustainability in long-term oxygen therapy.
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What are the Key Trends of the Oxygen Cylinders and Concentrators Market?
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Rising Demand for Home Healthcare Devices: The shift toward home-based care, driven by aging populations, cost-saving initiatives, and patient preference, is boosting demand for portable and user-friendly oxygen concentrators for long-term oxygen therapy outside hospital settings.
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Increased Prevalence of Respiratory Diseases: Chronic respiratory conditions like COPD, asthma, and the long-term impacts of COVID-19 are leading to sustained and growing demand for oxygen therapy, especially in emerging and aging populations.
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Technological Advancements in Portable Devices: Manufacturers are developing lighter, quieter, and more energy-efficient portable oxygen concentrators with smart features such as app connectivity, battery optimization, and automatic oxygen adjustment based on patient activity.
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Government Support and Healthcare Infrastructure Expansion: Many governments, especially in developing countries, are investing in medical oxygen supply chains, particularly following the COVID-19 oxygen shortages, driving procurement of both fixed and portable oxygen systems.
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Growth of Local Manufacturing and Supply Chain Resilience: To avoid dependence on imports and manage supply shocks, countries are encouraging local production of oxygen cylinders and concentrators, leading to more affordable pricing and better availability across regions.
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Oxygen Cylinders and Concentrators Market Opportunity
Growing Prevalence of Respiratory Diseases Unlock Market Opportunity
The growing air pollution and the rising elderly population increase the risk of respiratory diseases. The high incidence of respiratory diseases like pneumonia, COPD, pulmonary fibrosis, and asthma increases demand for oxygen concentrators & cylinders. The growth in age-related respiratory diseases and changing lifestyle choices requires oxygen concentrators & cylinders.
The strong focus on home healthcare and the increasing need for oxygen therapy requires oxygen concentrators & cylinders. The high need for supplemental oxygen and focus on enhancing patient care requires oxygen concentrators & cylinders. The growing prevalence of respiratory diseases creates an opportunity for the growth of the market.
Oxygen Cylinders and Concentrators Market Limitations and Challenges
High Manufacturing Cost Halts Market Expansion
With several benefits of the oxygen cylinders and concentrators in various diseases, the high manufacturing cost restricts the market growth. Factors like production of oxygen cylinders, extensive manufacturing facilities, high investment in R&D, high cost of maintenance, advanced materials, and advanced features are responsible for the high manufacturing cost.
The need for specialized machinery and complex components increases the cost. The use of advanced technology and the production of high-pressure cylinders requires a high cost. The high expense of replacement parts, service plans, & warranties, and high consumption of electricity directly affect the market. The high manufacturing cost hampers the growth of the market.
Oxygen Cylinders and Concentrators Market Report Scope
| Report Coverage | Details |
| Market Size in 2025 | USD 5.13 Billion |
| Market Size in 2026 | USD 5.37 Billion |
| Market Size by 2034 | USD 7.69 Billion |
| Market Growth Rate (2025–2034) | CAGR of 4.61% |
| Base Year | 2024 |
| Forecast Period | 2025 to 2034 |
| Leading Region in 2024 | North America |
| Segments Covered | Type, End-Use, and Regions |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, Middle East & Africa |
| Key Market Driver | Rising incidence of chronic respiratory diseases and rapidly aging global population |
| Key Market Opportunity | Expanding home healthcare adoption and rising demand for portable oxygen systems |
| Key Market Challenge | Power dependency issues associated with concentrators and limited infrastructure in developing regions |
| Prominent Market Players | Philips Healthcare, Precision Medical, OxyGo LLC, ResMed, Teijin Pharma, Yuyue Medical, Shenyang Canta, SysMed |
| Emerging Trend | Growing shift toward lightweight, battery-efficient portable concentrators |
| End-Use Dominance | Healthcare sector retained the leading share in 2024 |
| High-Growth End-Use Segment | Manufacturing segment expected to grow at a rapid rate |
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Oxygen Cylinders and Concentrators Market Regional Insights
How North America Dominated the Oxygen Cylinders and Concentrators Market?
North America dominated the market in 2024. The high prevalence of diseases like sleep apnea, COPD, and asthma, and the presence of advanced healthcare infrastructure, increase demand for oxygen cylinders & concentrators. The increasing investment in the development of portable oxygen concentrators and supportive reimbursement policies helps market growth. The increasing awareness about oxygen therapy benefits and the shift towards home healthcare drive the overall market growth.
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U.S. Oxygen Cylinders and Concentrators Market Trends
The U.S. dominates the regional marker due to its advanced healthcare infrastructure, high prevalence of respiratory diseases, and strong adoption of home healthcare services. The country’s well-established medical device industry, supported by stringent regulatory standards from the FDA, ensures the availability of innovative and reliable oxygen therapy devices.
Additionally, extensive government and private healthcare funding, coupled with growing awareness about respiratory health and aging populations, drives significant demand for both fixed and portable oxygen concentrators and cylinders, solidifying the U.S. as the key market leader in the region.
Why is Asia Pacific Experiencing the Fastest Growth in the Oxygen Cylinders and Concentrators Market?
Asia Pacific is experiencing the fastest growth in the market during the forecast period. The aging population and the growing rate of chronic respiratory diseases increase demand for oxygen cylinders & concentrators. The growing prevalence of chronic obstructive pulmonary disease and increasing air pollution requires oxygen cylinders. The strong focus on home healthcare and strong government support for healthcare infrastructure support the overall market growth.
Large Population Base: Fuels China’s Adoption of Oxygen Cylinders and Concentrators
China dominates the regional due to its large population base, rising prevalence of respiratory diseases, and expanding healthcare infrastructure. Significant government investments in healthcare modernization, coupled with increasing awareness of chronic respiratory conditions, have fueled demand for oxygen therapy devices. Additionally, China’s growing manufacturing capabilities and presence of domestic medical device companies enable widespread availability of cost-effective oxygen cylinders and concentrators, making it the leading market in the region.
Oxygen Cylinders and Concentrators Market Segmentation
Type Insights
Why Fixed Segment Dominates the Oxygen Cylinders and Concentrators Market?
The fixed segment dominated the market in 2024. The growing prevalence of diseases like asthma & COPD, and the focus on continuous supply of oxygen, increases demand for fixed oxygen concentrators & cylinders. The rise in chronic lung diseases and the increasing need for sufficient oxygen for patients increases demand for fixed oxygen concentrators & cylinders. The lower cost and higher capacity drive the market growth. Their ease of use, durability, and consistent performance drive their widespread adoption, especially in hospitals, nursing homes, and long-term care environments, securing their dominant position in the market.
The portable segment is the fastest-growing in the market during the forecast period. The increasing prevalence of respiratory diseases and the growing elderly population increase demand for portable oxygen concentrators & cylinders.
The strong preference for home healthcare and focus on enhancing patient lifestyle increases the adoption of portable oxygen concentrators & cylinders. The longer battery life and integration with digital features support the overall market growth.
End Use Insights
Which End Use Segment Held the Largest Share in the Oxygen Cylinders and Concentrators Market?
The healthcare segment held the largest share in the market in 2024. The growing prevalence of pneumonia, COPD, & asthma, and the need for intensive care units, help the market growth. The growing need for long-term oxygen support and high investment in oxygen equipment help the market growth.
The growing health consciousness and rise in surgical procedures drive the market growth. These settings require reliable, high-capacity oxygen delivery systems to support critically ill patients, including those with chronic obstructive pulmonary disease (COPD), COVID-19 complications, and other respiratory disorders. Additionally, healthcare providers prioritize advanced, compliant, and easy-to-use oxygen equipment to ensure patient safety and effective treatment.
The manufacturing segment is experiencing the fastest growth in the market during the forecast period. The growing prevalence of chronic diseases and increasing manufacturing activities increase demand for organic cylinders & concentrators. The strong government support for the manufacturing sector and expansion of manufacturing operations help the market growth. The supportive regulatory environment and growing industrial application supports the overall market growth.
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Top Companies in the Oxygen Cylinders and Concentrators Market
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Yuyue Medical – Manufactures a wide range of oxygen concentrators and portable oxygen cylinders designed for home care and clinical use, focusing on affordability and reliability in respiratory support devices.
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Teijin Pharma – Offers advanced oxygen therapy devices including portable oxygen concentrators with innovative technologies for efficient oxygen delivery and enhanced patient mobility, catering to both hospital and homecare markets.
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SysMed – Specializes in high-performance oxygen concentrators and accessories, emphasizing precision oxygen delivery, energy efficiency, and user-friendly designs for patients requiring long-term oxygen therapy.
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Shenyang Canta – Provides cost-effective oxygen cylinders and concentrators with a focus on robust construction and ease of use, serving both domestic healthcare facilities and international markets.
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ResMed – Known primarily for respiratory care solutions, ResMed produces oxygen concentrators that integrate smart technology, offering features such as remote monitoring and optimized oxygen delivery to improve patient compliance and outcomes.
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Precision Medical – Offers a comprehensive portfolio of portable and stationary oxygen concentrators and oxygen cylinders, designed with advanced filtration and energy-efficient systems to support diverse patient needs.
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Philips Healthcare – Supplies cutting-edge oxygen concentrators and compressed oxygen cylinders with a strong emphasis on innovation, patient comfort, and integration with broader respiratory therapy systems used in hospitals and homecare.
- OxyGo, LLC. – Focuses on ultra-lightweight, portable oxygen concentrators and cylinders that prioritize user convenience and mobility, targeting active patients requiring supplemental oxygen on the go.
Recent Developments
- In May 2025, AirSep launched a new oxygen cylinder refilling station, Centrox-CR. The company introduced two versions, including a medical 510(k) cleared concentrator & industrial generator for industrial & medical applications. The product provides 93% purity and uses PSA technology. (Source: https://www.caireinc.com)
- In June 2025, Inogen launched the Voxi 5 stationary oxygen concentrator. The concentrator delivers a 1-5 L/min flow of oxygen and consists of caster wheels. The concentrator supports at-home care and offers features like compact design, advanced filtration, quiet operation, & 3-year warranty of the sieve bed. (Source: https://investor.inogen.com)
- In September 2024, Oxymed launched the P2 portable oxygen concentrator for the Indian market. The concentrator delivers 90-95% pure oxygen and weighs 1.98kg. The device offers a long-lasting battery and five pulse flow settings. The device is widely used for chronic respiratory conditions and consists of 2.8-inch LCD screens. (Source: https://health.economictimes.indiatimes.com)
Segments Covered in the Report
By Type
- Portable
- Fixed
By End Use
- Healthcare
- Pharmaceutical & Biotechnology
- Manufacturing
- Aerospace and Automotive
By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Sweden
- Denmark
- Norway
- Asia Pacific
- China
- Japan
- India
- South Korea
- Thailand
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- UAE
- Saudi Arabia
- Kuwait
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