- Medical oxygen concentrators and oxygen cylinders, essential for delivering supplemental oxygen to patients with respiratory conditions, are increasingly critical components of healthcare infrastructure across hospitals, home care, and emergency services due to their portability, reliability, and ability to support both acute and chronic respiratory therapies
- The rising demand for these devices is primarily driven by the increasing global burden of chronic respiratory diseases, a growing elderly population, and the need for respiratory support in home settings, especially post-COVID-19, where long-term oxygen therapy has become more widespread
- North America dominated the medical oxygen concentrators and oxygen cylinders market with the largest revenue share of 39.2% in 2024, attributed to advanced healthcare systems, a high prevalence of respiratory illnesses, and substantial government funding for home healthcare infrastructure, particularly in the U.S.
- Asia-Pacific is expected to be the fastest-growing region in the market during the forecast period, fueled by improving healthcare access, increasing healthcare expenditure, and growing awareness of respiratory health management
- Portable oxygen concentrator cylinders segment dominated the medical oxygen concentrators and oxygen cylinders market with a market share of 61.8% in 2024, driven by its established reputation for security and ease of retrofit into existing door setups
