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India Oxygen Concentrators Market to Grow with a CAGR of 0.41% through 2030

Rising demand for portable oxygen concentrators and growing preference for home-based therapy is expected to drive the India Oxygen Concentrators Market growth in the forecast period, 2026-2030.

 

According to TechSci Research report, “India Oxygen Concentrators Market- By Region, Competition, Forecast & Opportunities, 2030”, the India Oxygen Concentrators Market stood at USD 128.45 Million in 2024 and is anticipated to grow with a CAGR of 0.41% in the forecast period, 2026-2030. Several factors are driving the growth of the Oxygen Concentrators Market in India. The rising prevalence of respiratory disorders, coupled with an aging population prone to pulmonary issues, is contributing to an increased demand for oxygen concentrators.

India's healthcare infrastructure is rapidly evolving, enabling more accessibility to advanced medical devices like oxygen concentrators. The Indian government's initiatives to improve healthcare services, particularly in rural areas, also contribute to this growth.


The India Oxygen Concentrators Market is poised for substantial growth, fueled by several key factors. The rising awareness about the importance of respiratory health and the need for timely access to medical equipment has further propelled the demand for oxygen concentrators. The shifting demographic trends in India also contribute to the market growth. The country is witnessing an increasing elderly population susceptible to chronic respiratory diseases. According to data from the World Health Organization (WHO), chronic obstructive pulmonary disease (COPD) is the second most common cause of mortality in India. This alarming statistic magnifies the urgent need for oxygen concentrators to cater to the growing number of patients.

The burgeoning influence of urbanization and industrialization in India has led to an uptick in air pollution levels. This, in turn, has resulted in a rise in respiratory ailments among the population. As a consequence, the demand for oxygen concentrators as a means to alleviate breathing difficulties and improve respiratory health has witnessed a significant surge. In addition to these factors, the government's initiatives to boost healthcare infrastructure and increase accessibility to advanced medical devices have given an impetus to the market proliferation. The implementation of policies aimed at improving the availability and affordability of oxygen concentrators has further fueled the market growth.

Emerging technological advancements such as portable oxygen concentrators have revolutionized the market landscape. Portable oxygen concentrators, known for their convenience and mobility, are increasingly preferred by patients. Their compact size and ease of use make them a practical choice for individuals who require oxygen therapy while maintaining an active lifestyle. This rising preference for portable oxygen concentrators has significantly contributed to the overall market growth.

However, the India Oxygen Concentrators Market is not devoid of challenges. The high cost of oxygen concentrators remains a significant barrier, particularly for individuals in rural areas with limited financial resources. There is a lack of awareness and accessibility to oxygen concentrators in remote regions, hindering their adoption. Addressing these challenges and improving access to affordable oxygen concentrators in rural areas will be crucial to unlocking the market's full potential. Despite these challenges, the India Oxygen Concentrators Market shows immense potential for high growth in the coming years. Strategic collaborations among market players, government initiatives to bridge the healthcare infrastructure gap, and ongoing technological innovations will play a vital role in driving the market forward. The increasing focus on research and development to enhance the efficiency and effectiveness of oxygen concentrators will further contribute to market expansion.

The India Oxygen Concentrators Market, riding on the wave of the pandemic, demographic shifts, and technological advancements, presents lucrative opportunities for investors and stakeholders. The market's growth potential is undeniable, but concerted efforts are required to improve accessibility, affordability, and awareness to ensure that the benefits of oxygen concentrators reach all segments of the population in need.

                                                                                              

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "India Oxygen Concentrators Market

The India Oxygen Concentrators Market is segmented into type, technology, flowrate, source, offering, application, distribution channel, end user, regional distribution, and company.

Based on source, it is anticipated that the domestic sector will exert a significant influence and dominate the Oxygen Concentrators Market in India. This projection is primarily attributed to multiple factors, including the substantial growth of local manufacturing capabilities, proactive government initiatives aimed at promoting domestic production, and the ever-increasing demand for advanced medical equipment within the country. As the healthcare sector continues its rapid evolution and the need for reliable medical devices becomes more crucial, the establishment of a robust domestic market becomes paramount. A strong domestic market ensures widespread availability and affordability of essential medical devices such as oxygen concentrators. While imports will continue to play a role, the domestic market is poised to emerge as the frontrunner in the near future, paving the way for enhanced accessibility and localized production of these life-saving devices.

In addition, the growth of the domestic sector will not only contribute to the overall economic development of the country but also create employment opportunities and foster technological advancements in the field of medical device manufacturing. By nurturing a thriving domestic market, India can position itself as a global leader in the production and innovation of medical devices, further strengthening its healthcare infrastructure and improving the quality of care provided to its citizens. The proactive government initiatives aimed at promoting domestic production will not only reduce dependency on imports but also enhance self-sufficiency and resilience in times of crisis. The dominance of the domestic sector in the Oxygen Concentrators Market in India is not just a reflection of the current market dynamics, but a strategic approach to ensure long-term sustainability and self-reliance in the healthcare sector. With the right policies and investments in place, India has the potential to become a global powerhouse in medical device manufacturing, benefiting both the domestic market and the international healthcare community.

 

Based on region, the North region of India emerges as a dominant force in the Oxygen Concentrators Market due to the region's high population density, coupled with its extensive healthcare infrastructure, drives significant demand for medical oxygen equipment. With major cities like Delhi, Jaipur, and Lucknow serving as medical hubs, there is a concentrated need for reliable oxygen concentrators to support patients with respiratory conditions, especially in times of health crises. The North region experiences harsh winters and pollution levels, exacerbating respiratory issues among the population and increasing the requirement for supplementary oxygen therapy. This heightened demand fosters a thriving market for oxygen concentrators, catering to both homecare patients and healthcare facilities. The North region benefits from the presence of numerous manufacturing units and distribution networks, facilitating easy access to a wide range of oxygen concentrator models and brands. This accessibility, coupled with competitive pricing and after-sales service, contributes to the region's dominance in the market. Proactive government initiatives and public health campaigns in states like Uttar Pradesh, Haryana, and Punjab emphasize the importance of respiratory care and oxygen therapy, further stimulating market growth.


Major companies operating in India Oxygen Concentrators Market are:

  • Philips India Limited
  • BPL Medical Technologies Private Limited
  • Nidek Medical India Private Limited
  • Sanrai Med India Private Limited
  • Kannu Impex (India) Private Limited
  • Monarch Meditech
  • MediKart HealthCare Systems Private Limited
  • Technocare Medisystems
  • GPC Medical Limited
  • Nareena Life Sciences Private Limited

 

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“The Indian Oxygen Concentrators market is poised to witness substantial growth in the upcoming years. This growth can be attributed to the escalating healthcare expenditures and the surging prevalence of respiratory diseases in the country. With continuous advancements in technology, the market is expected to be propelled forward by the development of portable oxygen concentrators. These innovative devices not only provide convenience and mobility to patients but also contribute to improved access to respiratory care, especially in remote areas. As a result, the Indian Oxygen Concentrators market is anticipated to experience a remarkable surge in demand, driving the overall growth of the healthcare industry in the region.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

India Oxygen Concentrators Market By Type (Portable and Stationary), By Technology (Continuous Flow, Pulse Flow, Continuous/Pulse Flow), By Flow-rate (0-5l/min, 5-10l/min, Above 10l/min), By Source (Import, Domestic), By Distribution Channel (Wholesalers/Distributors/Suppliers, Online, Direct Sales), By Offering (Rental , New Sales), By Application (COPD, Lung Cancer, Asthma, COVID-19, Others), By End User (Hospitals & Clinics, Ambulatory Care Centers, Home Care), By Region, Competition, Forecast & Opportunities, 2020-2030F”, has evaluated the future growth potential of India Oxygen Concentrators Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Oxygen Concentrators Market.

 

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