Portable Oxygen Kit Market Size, Share, Growth & Industry Analysis, By Product Type (Continuous Flow Portable Oxygen Kits, Pulse Flow Portable Oxygen Kits), By End-User (Healthcare, Home Application, Aerospace and Automotive, Others), and Regional Analysis, 2024-2031

Portable Oxygen Kit Market Size

The global Portable Oxygen Kit Market size was valued at USD 19.90 billion in 2023 and is projected to grow from USD 21.01 billion in 2024 to USD 33.05 billion by 2031, exhibiting a CAGR of 6.68% during the forecast period. The growth of the market is propelled by rapid urbanization and rising levels of air pollution.

Additionally, their adoption across niche applications such as aerospace, high-altitude sports, and disaster management is creating new growth opportunities. These trends highlight the versatility and expanding scope of portable oxygen kits beyond traditional healthcare settings, thus fostering innovation and stimulating market expansion. In the scope of work, the report includes solutions offered by companies such as Teijin Limited, Koninklijke Philips N.V., Invacare Corporation, Worthington enterprises, Inogen Inc., O2 Concepts, LLC., DeVilbiss Healthcare, Chart Industries, Inova Labs Inc., NIDEK Medical Products Inc., and others.

The portable oxygen kit market is experiencing significant growth, mainly due to the increasing prevalence of respiratory illnesses such as COPD and asthma, along with a global trend toward home-based care.

• According to the American College of Allergy, Asthma, and Immunology (ACAAI), approximately 7.7% of Americans, totaling roughly 24.9 million people, have asthma. Of these, 20.2 million are adults and 4.6 million are children. The prevalence of Asthma prevalence is higher among adults, at 8.0%, compared to 6.5% among children.

These statistics highlight the significant prevalence of asthma in the United States, underscoring the need for effective management and treatment strategies to support those affected by this chronic respiratory condition. In addition, advances in technology are facilitating the production of smaller, lighter, and more efficient oxygen concentrators, thereby enhancing patient mobility and convenience.

Additionally, innovations in real-time monitoring and alert systems are boosting the safety and effectiveness of these devices. Furthermore, several factors such as the rising cost of hospitalization and the need for cost-effective healthcare solutions are fueling demand.

A portable oxygen kit is a compact and lightweight device designed to deliver supplemental oxygen therapy to individuals with respiratory conditions. It typically includes an oxygen source, such as an oxygen concentrator or compressed oxygen tank, as well as accessories such as tubing and a mask or nasal cannula. These kits are essential for allowing users to maintain mobility and independence while managing their oxygen needs outside of hospital or clinic settings.

They cater to diverse applications, from everyday use by individuals with chronic respiratory illnesses to specialized needs in environments such as aerospace, high-altitude sports, and emergency response situations.

Analyst’s Review

FDA approvals and new product developments play a crucial role in propelling the portable oxygen kit market growth by ensuring the availability of advanced, reliable, and effective products to consumers.

• For instance, Inogen announced in January 2023 that the company received clearance from the USFDA for their new portable oxygen concentrator, Rove 4, on December 9, 2022.

Such advancements highlight the importance of regulatory support and innovation in meeting the growing need for portable oxygen solutions, thereby solidifying the positions of key market players and enhancing the overall availability of efficient and user-friendly devices for individuals with respiratory conditions. Leading players are leveraging this trend by continuously innovating with new technologies, enhancing product features such as battery life and portability, and expanding their distribution networks to reach a wider audience.

Portable Oxygen Kit Market Growth Factors

Chronic obstructive pulmonary disease (COPD), asthma, and other respiratory illnesses are becoming increasingly prevalent globally, largely due to various factors such as smoking, air pollution, and aging populations. This rise in respiratory conditions is spurring the demand for portable oxygen kits, which are essential for managing these illnesses and enhancing patients' quality of life. These kits are providing necessary oxygen therapy, allowing individuals to maintain an active lifestyle and engage in daily activities with increased ease.

• For instance, according to the WHO, nearly 90% of COPD deaths among individuals under the age of 70 occur in low- and middle-income countries (LMIC). Additionally, COPD ranks as the seventh leading cause of poor health worldwide.

As the incidence of respiratory diseases increases, the portable oxygen kit market is expanding rapidly. This surge in demand is propelling market growth, highlighting the critical role these devices play in supporting patients' well-being and independence.

The high cost associated with portable oxygen kits is hindering market growth, making these devices less accessible to a broader population. Limited awareness regarding their benefits and usage in developing regions is further impeding market expansion. Stringent regulatory requirements are increasing complexity and causing delays in product approvals.

To mitigate these challenges, key players are actively reducing costs through technological innovation and economies of scale, increasing awareness through educational campaigns, and working closely with regulatory bodies to streamline approval processes and ensure compliance.

Portable Oxygen Kit Market Trends

Portable oxygen concentrators are increasingly becoming smaller, lighter, and more efficient, thereby facilitating greater mobility and travel for individuals with respiratory conditions These advancements are allowing users to carry their oxygen supply without being burdened by bulky equipment. Additionally, new technologies are emerging that are capable of monitoring oxygen levels in real-time and alerting caregivers in the event of any issue.

This innovation is providing an added layer of safety and ensuring timely intervention, thereby enhancing the quality of life for patients. These improvements are making portable oxygen concentrators more accessible and user-friendly, leading to their increased demand.

There is a growing trend toward home-based care for people with chronic illnesses, fueled by several factors such as the rising cost of hospitalization and the increasing availability of home-based medical technologies. Portable oxygen kits play a crucial role in this trend, allowing individuals to receive oxygen therapy in the comfort of their own homes.

These kits provide necessary oxygen support, allowing patients to avoid hospitalization or clinic visits , thereby promoting independence and improving the quality of life. Furthermore, home-based care contributes to a reduction in healthcare costs and alleviates the burden on healthcare facilities. This shift toward home-based care is propelling market growth for portable oxygen kits, as an increasing number of patients and healthcare providers recognize their convenience, cost-effectiveness, and essential role in managing chronic respiratory conditions.

Segmentation Analysis

The global market is segmented based on product type, end-user, and geography.

By Product Type

Based on product type, the portable oxygen kit market is categorized into continuous flow portable oxygen kits and pulse flow portable oxygen kits. The pulse flow portable oxygen kits segment garnered the highest revenue of USD 11.05 billion in 2023. These systems deliver oxygen in intermittent bursts that are synchronized with the user's breathing pattern, which makes them more efficient and conserves oxygen compared to continuous flow systems. This efficiency extends battery life and makes the devices lighter and more portable, thus enhancing user convenience and mobility.

Technological advancements in sensor technology and device design are improving the accuracy and reliability of pulse flow delivery. As awareness regarding these benefits grows and the prevalence of chronic respiratory conditions rises, the demand for pulse flow portable oxygen kits is steadily increasing, thereby propelling segmental growth.

By End-User

Based on end-user, the market is divided into healthcare, home application, aerospace and automotive, and others. The healthcare segment captured the largest portable oxygen kit market share of 51.32% in 2023. Hospitals, clinics, and home healthcare services increasingly adopt portable oxygen kits to enhance patient mobility and the quality of life.

The growing shift toward home healthcare and outpatient treatments further boosts demand, as these kits enable patients to maintain an active lifestyle and reduce hospital readmissions. Technological advancements, such as improved battery life and enhanced portability, make these devices more appealing. The healthcare segment is witnessing substantial growth due to its growing emphasis on patient-centered care and advanced medical technologies.

Portable Oxygen Kit Market Regional Analysis

Based on region, the global market is classified into North America, Europe, Asia-Pacific, MEA, and Latin America.

North America portable oxygen kit market share stood around 35.76% in 2023 in the global market, with a valuation of USD 7.81 billion. The region's advanced healthcare infrastructure facilitates the widespread adoption of portable oxygen kits, thereby ensuring that patients receive effective and efficient care. Increasing awareness regarding respiratory health and the benefits of portable oxygen therapy further propels regional market growth.

The presence of key market players and ongoing technological advancements contribute to the development of more user-friendly and efficient portable oxygen concentrators. Additionally, favorable reimbursement policies and strong support from healthcare providers promote the use of these devices. The rising aging population, which is more susceptible to respiratory issues, contributes significantly to the rising demand for portable oxygen kits in the region.

Europe is anticipated to witness significant growth at a CAGR of 6.83% over the forecast period. This growth is largely attributed to a strong emphasis on healthcare modernization and home-based treatments. Government initiatives aimed at improving healthcare accessibility lead to significant investments in advanced medical devices. The rise of telemedicine facilitates remote monitoring by integrating portable oxygen kits into home healthcare solutions.

Additionally, the growing preference among aging population for home-based treatments, is boosting the demand for efficient oxygen therapy options. Moreover, Europe’s growing focus on sustainability promotes innovations in portable oxygen concentrators, such as energy-efficient models, thereby propelling regional market growth and ensuring the availability of reliable solutions for patients with respiratory conditions.

Competitive Landscape

The global portable oxygen kit market report will provide valuable insight with an emphasis on the fragmented nature of the industry. Prominent players are focusing on several key business strategies such as partnerships, mergers and acquisitions, product innovations, and joint ventures to expand their product portfolio and increase their market shares across different regions.

Companies are implementing impactful strategic initiatives, such as expanding services, investing in research and development (R&D), establishing new service delivery centers, and optimizing their service delivery processes, which are likely to create new opportunities for market growth.

List of Key Companies in Portable Oxygen Kit Market

• Teijin Limited
• Koninklijke Philips N.V.
• Invacare Corporation
• Worthington enterprises
• Inogen Inc.
• O2 Concepts, LLC.
• DeVilbiss Healthcare
• Chart Industries
• Inova Labs Inc.
• NIDEK Medical Products Inc.

Key Industry Development

• January 2024 (Product launch): Sanrai and Drive DeVilbiss unveiled their breakthrough oxygen concentrator, Pulmo2 10 Ltr, at Arab Health 2024. This innovative device is designed to enhance patient care by providing efficient oxygen therapy solutions, thereby advancing the market.

The global portable oxygen kit market is segmented as:

By Product Type

• Continuous Flow Portable Oxygen Kits
• Pulse Flow Portable Oxygen Kits

By End User

• Healthcare
• Home Application
• Aerospace and Automotive
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • France
  • U.K.
  • Spain
  • Germany
  • Italy
  • Russia
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
• Middle East & Africa
  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America