PUBLISHER: Grand View Research | PRODUCT CODE: 1842098
PUBLISHER: Grand View Research | PRODUCT CODE: 1842098
The North America oxygen concentrators market size was estimated at USD 1.99 billion in 2024 and is projected to reach USD 4.72 billion by 2033, growing at a CAGR of 10.0% from 2025 to 2033. The growth is attributed to an increase in the prevalence of respiratory conditions such as COPD, asthma, and sleep apnea.
According to the 2024 National Survey by Asthma Canada, over 4.6 million people in Canada are living with asthma, including 900,000 children under 19 and 800,000 adults over 65. Asthma is the third most prevalent chronic disease in the country, with an estimated 317 new diagnoses every day and around 250 deaths annually. In addition, advancements in respiratory technology are significantly supporting market growth.
Furthermore, favorable reimbursement policies have enhanced the attractiveness of the oxygen concentrators market in North America. For instance, in March 2024, a U.S. Congressman introduced the Supplemental Oxygen Access Reform (SOAR) Act to reform and improve access to supplementary oxygen for Medicare beneficiaries. These policies have increased the adoption of oxygen concentrators in the U.S. In addition, rising healthcare spending in the U.S. and Canada is driving the demand for effective diagnosis and treatment of respiratory diseases, thereby boosting the market for oxygen concentrators.
Initiatives by public and private authorities, such as the World Health Organization's distribution of oxygen concentrators and the efforts of associations like the American Lung Association, promote awareness of respiratory diseases. Market players also employ strategies such as acquisitions, collaborations, expansions, and new product launches to extend their product offerings and geographical reach. For instance, in June 2025, Inogen launched the Voxi 5 stationary oxygen concentrator, offering an affordable, durable, and quiet continuous flow oxygen therapy solution for long-term care patients in the US, enhancing home respiratory care accessibility. The device features a compact design, caster wheels for mobility, a 3-year sieve bed warranty, and advanced filtration technology.
North America Oxygen Concentrator Market Report Segmentation
This report forecasts volume & revenue growth at the regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the North America oxygen concentrator market report on the basis of product, application, technology, and country.